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Beneficiary
In insurance, the beneficiary is the person or people entitled to receive the claim amount and other benefits of the insurance policy at the time of death of the policyholder or at the end of the policy term.
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Broker
In insurance, a broker is an individual who represents a customer. A broker is authorised to sell an insurance policy from any insurance company. Further they recieve brokerage from the insurance company whose policy they sold.
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Newly Added Terms

Newly Added Terms on Insurance Dictionary
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Death Benefit
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Insurability
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Key Employee or Keyman
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Insurer

Most Appreciated Terms

Most appreciated Terms on Insurance Dictionary
Absolute Assignment
Beneficiary
Claim
Commission

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ABSLI DigiShield Plan
Life cover up to 100 years of age.
Joint Cover Option
Inbuilt Terminal Illness Benefit
Tax Benefit^
Return of Premium Option~
Life Cover
₹1 Cr.
Premium:
₹542/month1
  • 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