Family Life Insurance – All You Need To Know
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Table of Contents
The Importance of Family Life Insurance
Types of Family Life Insurance Plans
Choosing the Best Life Insurance Policy for Family
Naming Beneficiaries and Policy Ownership
Final Thoughts
About Author
FAQs on Family Insurance
for Salaried Individuals¹
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Disclaimer
Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details.
# Provided all due premiums are paid.
ABSLI Salaried Term Plan (UIN:109N141V01) is a non-linked non-participating individual pure risk premium life insurance plan; upon Policyholder’s selection of Plan Option 2 (Life Cover with ROP) this product shall be a non-linked non-participating individual savings life insurance plan.
1LI Age 21, Male, Non Smoker, Option 1: Life Cover, PPT: Regular Pay, SA: ₹ 1 Cr., PT: 10 years, Premium paying term: 10 years, Annual Premium: ₹ 5900/- ( which is ₹ 491.66/month) Premium exclusive of GST. On death, 1 Cr SA is paid and the policy terminates.
ADV/10/23-24/2490
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