Types of life insurance payouts you can get
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Table of Contents
- Death benefit payouts
- Maturity benefit payouts
- Death benefits vs. maturity benefits: How do they help?
- Types of maturity payouts
- Annuity payouts
- Rider payouts
- Conclusion
- DO BENEFICIARIES NEED TO PAY TAXES ON LIFE INSURANCE PAYOUTS?
- WORRIED YOUR INCOME MAY NOT BE ENOUGH TO FULFILL YOUR GOALS? INSURANCE PAYOUTS CAN HELP
Death benefit payouts
Maturity benefit payouts
Death benefits vs. maturity benefits: How do they help?
Types of maturity payouts
Annuity payouts
Rider payouts
Conclusion
DO BENEFICIARIES NEED TO PAY TAXES ON LIFE INSURANCE PAYOUTS?
WORRIED YOUR INCOME MAY NOT BE ENOUGH TO FULFILL YOUR GOALS? INSURANCE PAYOUTS CAN HELP.
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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
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.
3Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details.
ABSLI Secure Plus Plan (UIN: 109N102V03) is a non-participating traditional insurance plan.
ADV/8/21-22/813
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