Term and non-term life insurance plans: How to choose between them?
Get Guaranteed Returns After a Month^
Unlock the Power of Smart Investment!
-
Table of Contents
What is term life insurance?
When can the New Tax Regime be Opted?
Through ULIPs, you can invest in various funds like equity funds, debt funds, and more to tap into the benefit of market-linked returns. Investments in ULIPs can be customized as per your life goals and risk appetite. In addition to this, ULIPs also offer the basic life cover that every kind of life insurance plan offers.
What is non-term life insurance?
Term life insurance may be a good choice for you if:
Non-term life insurance may be a good choice for you if:
About Author
-
Disclaimer
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
* Sec 10(10D) benefit is available subject to fulfilment of conditions specified therein
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.
³ Tax benefits are subject to changes in tax laws. Please consult your financial advisor for more details.
ADV/7/21-22/595.
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