Different Payment Options in Life Insurance and Their Benefits in India
Get Guaranteed Returns After a Month^
Unlock the Power of Smart Investment!
-
Table of Contents
Life Insurance Premium Payment Options
Single Premium Payment
Limited Premium Payment
Regular Pay
Choosing the Right Payment Option
Conclusion
About Author
FAQs on Life Insurance Payment Options
for Salaried Individuals¹
-
Disclaimer
Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details.
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/10/23-24/2486
Subscribe to our Newsletter
Get the latest product updates, company news, and special offers delivered right to your inbox
Thank you for Subscribing
Stay connected for tips on insurance and investments