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Module 03 Term Insurance
Ch. 21: Life Stage Benefit
9 min Read
25 Jan 2024
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Index
What Is Term Insurance
When To Buy Term Plan
Why Should You Buy Term Plan
Who Should Buy Term Insurance
Where to Buy Term Insurance From
How to Buy Term Plan
How Much Cover Do I Need
Saral Jeevan Bima
Term Insurance Riders
Exclusions in Term Insurance
Term Insurance Claims Process
Customization in Term Plans
Benefits of Buying Term Insurance
Decreasing Term Insurance
Group Term Insurance
Married Women’s Property Act
Claim payout options
Eligibility Requirements
How Does It Work
Increasing Cover
Life Stage Benefit
Things To Keep In Mind IG
Types of Term Insurance Plans
Whole Life Term Insurance
Term Insurance Tax Benefits*
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Key takeaways from this chapter
- What is a Life Stage Benefit? How does it work
- Advantages of Life Stage Benefit
- Drawbacks of Life Stage Benefit
- Conditions/Restrictions under the Life Stage Benefit feature
- Other options to upgrade your term insurance cover
- Life Stage Benefit Vs. Manual Upgrades
- Life Stage Benefit Vs. Increasing Cover
- Comparison of features across Life Stage Benefit, Increasing Cover & Manual Upgrades
- What is the process of upgrading the term cover using a Life Stage Benefit?
- Wrapping up
What is a Life Stage Benefit? How does it work?
Advantages of Life Stage Benefit
Drawbacks of Life Stage Benefit
Conditions/Restrictions under the Life Stage Benefit feature
Other options to upgrade your term insurance cover
Life Stage Benefit Vs. Manual Upgrades
Life Stage Benefit Vs. Increasing Cover
Comparison of features across Life Stage Benefit, Increasing Cover & Manual Upgrades
What is the process of upgrading the term cover using a Life Stage Benefit?
Wrapping up!
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Looking to buy Term Plan
ABSLI Salaried Term Plan
Exclusively For Salaried Individuals
Optional Accelerated Critical Illness benefit
Inbuilt Terminal Illness Benefit
Life Cover upto 70 years
4 Plan Options
Life Cover
₹1 crore
Premium:
₹492/month¹
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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.
¹ LI 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/4/23-24/68