Introduction:
As we go through life, we naturally worry about what the future holds for ourselves and our loved ones. One of the biggest concerns for many people is how to secure financial stability and long-term security for their families. This is where life insurance comes in, providing a way to plan for the unexpected and ensure that your family is taken care of, even if something were to happen to you. ABSLI Insurance's Nishchit Aayush Plan is one such option that offers comprehensive coverage and long-term benefits. In this blog, we will take a closer look at what the plan offers and how it can help you secure your family's future.
What is the ABSLI Nishchit Aayush Plan?
The ABSLI Nishchit Aayush Plan is a life insurance policy that offers a combination of savings and protection. It is a non-linked, non-participating endowment assurance plan that provides life insurance coverage along with the benefit of a savings plan. The policy provides a fixed sum assured to the policyholder, which is paid out on the death of the life assured, or on maturity of the policy. In addition, the policy provides an increasing life cover and regular bonus additions that can help you accumulate savings over the long term.
Features and Benefits:
The ABSLI Nishchit Aayush Plan comes with a number of features and benefits that make it an attractive option for those looking for comprehensive life insurance coverage. Some of the key features and benefits of the plan include:
Fixed Sum Assured: The policy provides a fixed sum assured to the policyholder, which is paid out on the death of the life assured, or on maturity of the policy.
Increasing Life Cover: The policy provides an increasing life cover, which means that the life insurance coverage will increase every year by a fixed percentage until it reaches a maximum of 125% of the sum assured.
Regular Bonus Additions: The policy also provides regular bonus additions, which are paid out at the end of the policy term or on the death of the life assured, whichever occurs first.
Flexibility: The policy provides flexibility in terms of premium payment options, with the ability to choose between regular, limited, or single premium payments.
Tax Benefits: The policy provides tax benefits under Section 80C and Section 10(10D) of the Income Tax Act.
Conclusion:
The ABSLI Nishchit Aayush Plan is an attractive option for those looking for comprehensive life insurance coverage that provides a combination of savings and protection. With a fixed sum assured, increasing life cover, regular bonus additions, and flexible premium payment options, the plan offers long-term financial security for you and your family. Contact ABSLI Insurance today to learn more about the Nishchit Aayush Plan and how it can help you secure your family's future.
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