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Everything About Endowment Plans

July 14, 2021
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Do you spend your money on things you don't need? Do you find your money so depleted by the end of the month that you don't have enough to save? Then an endowment plan is something for you.

Everything About Endowment Plans - ABSLI

Endowment plans provide you a life cover and allows you to save for your future. It gives you tax-free returns, which you can use to meet your life goals or can be used for emergencies.

Endowment plans are a simple saving option which helps you protect your family financially.

To understand if an Endowment Plan is something you need or not, let's have an in depth look at it.

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ABSLI Nishchit Aayush Plan

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Guaranteed# income

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Life cover across policy

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Lumpsum Benefit at policy maturity, in addition to Income

Get :
₹33.74 lakhs~

Pay: ₹10K/month for 10 years

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Buy ₹1 Crore Term Cover @ @Rs.492/month for Salaried Individuals¹

CALCULATE PREMIUMMM

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/9/21-22/1057

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