How to Change Life Insurance Beneficiary in India | ABSLI
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Table of Contents
Understanding the Concept of Beneficiary in a Life Insurance Policy
Can I Change My Life Insurance Beneficiary?
Steps to Change Beneficiaries on Your Life Insurance Policy in India
Key Points to Consider When Changing Beneficiaries on Your Life Insurance Policy
Conclusion
About Author
FAQs Beneficiaries on Life Insurance Policy
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.
**Sec 10(10D) benefit is available subject to fulfilment of conditions specified therein
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/9/23-24/1896
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