How does life insurance work?
Read Aloud
Get Guaranteed Returns After a Month^
Unlock the Power of Smart Investment!
-
Table of Contents
What is a life insurance plan?
How does life insurance work?
What are the features of life insurance plans?
The different types of life insurance plans
Last words
About Author
Now Playing
from Life Insurance
How does life insurance work?
00:00
00:00
Now Playing
How does life insurance work?
How does life insurance work?
from Life Insurance
-
Disclaimer
The linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender/withdraw the monies invested in Linked Insurance Products completely or partially till the end of the fifth year from inception. Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of the investment fund and factors’ influencing the capital market and the insured is responsible for his or her decision. Aditya Birla Sun Life Insurance Company Limited is only the name of the Insurance Company and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document. The various funds offered under this contract are the names of the funds and do not any way indicate the quality of these plans, their future prospects and returns. The Past performance of the Unit linked fund(s) of the company is not necessarily indicative of the future performance of any of these Unit linked fund(s).
In ULIP, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER
ABSLI Vision Endowment Plus Plan (UIN: 109N092V04) is a traditional participating endowment plan.
ABSLI Wealth Max Plan (UIN: 109L073V05) is a non-participating unit linked life insurance savings plan.
ABSLI Critical Illness Rider (UIN: 109B019V03), ABSLI Accidental Death and Disability Rider (UIN: 109B018V03), ABSLI Waiver of Premium Rider (UIN: 109B017V03) There are exclusions attached to the riders. Please refer rider brochure for more details.
ABSLI DigiShield Plan is a non-linked non-participating individual pure risk premium life insurance plan; upon Policyholder’s selection of Plan Option 9 (Level Cover with Survival Benefit) and Plan Option 10 (Return of Premium [ROP]) this product shall be a non-linked non-participating individual life savings insurance plan. UIN: 109N108V11
¹ ABSLI DigiShield Plan scenario: Female, non smoker, Age: 21 years, level Term Insurance, Premium paying Term: regular pay, policy term: 25 years, Pay frequency: Annual Premium of Rs. 6500/12 months (on average Rs. 542/month) Exclusive of GST (offline premium).
² Our life insurance policies cover COVID -19 claims under life insurance claims, subject to applicable terms & conditions of policy contract and extant regulatory framework.
ADV/5/21-22/274
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