Reasons Why You Should Pay Premiums in Advance
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Table of Contents
- It helps avoid policy lapses
- You can freeze the premium amount before it’s hiked up
- Advance payment helps avoid age group jumps
- You could enjoy discounts on advance payments
- Why You Should Always Keep Your Paperwork Ready and Updated
- Pay Premiums for a Short Period - And Enjoy a Whole Life Cover Up to the Age of 100!
It helps avoid policy lapses
You can freeze the premium amount before it’s hiked up
Advance payment helps avoid age group jumps
You could enjoy discounts on advance payments
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Reasons Why You Should Pay Premiums in Advance
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Reasons Why You Should Pay Premiums in Advance
Reasons Why You Should Pay Premiums in Advance
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Disclaimer
ABSLI Nishchit Aayush Plan. This is a non-linked non-participating individual savings life insurance plan. UIN No 109N137V06
^ - Provided 0 year deferment & monthly income frequency is chosen at the time of inception of the policy.
~ Male- 25 yrs invests in ABSLI Nishchit Aayush Plan with Level Income + Lumpsum Benefit. He chooses premium payment term 10 yrs , policy term 40 years, benefit option -Long Term Income, Sum Assured 7 times of Annualized Premium and Deferment Period 0 years. Annualized Premium is ₹1,20,000 (Exclusive of GST.). Annual Income of ₹45,900 (45,900*40=18,36,000) + Maturity Benefit (₹16,80,000)= ₹35,16,000
ADV/6/21-22/482
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