Ch. 21: Life Stage Benefit
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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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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