All About Term plans with Return of Premium (TROP)
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Table of Contents
What is regular term insurance?
What is term insurance with return of premium (ROP)?
Why should you choose a regular term insurance plan?
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for Salaried Individuals¹
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Disclaimer
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.
3Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details.
4Sec 10(10D) benefit is available subject to fulfilment of conditions specified therein
ADV/4/21-22/70
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