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HomeArticlesInsurance and Endowment_ Everything You Need to Know

Insurance and Endowment_ Everything You Need to Know

February 8, 2023
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  • Table of Contents

Insurance and endowment are two critical financial products that can help you protect your family's financial future. Here is everything you need to know about them. Although both offer life insurance, there are significant variations between term and endowment plans. Depending on your particular circumstances, they cater to different needs. Let's look at that as well!

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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

1 Provided all due premiums are paid. 2 Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details. 3 https://economictimes.indiatimes.com/tdmc/your-money/what-is-an-endowment-policy-and-when-should-you-go-for-it/articleshow/48465113.cms 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/11/22-23/2266

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