The Benefit Payout Frequencies available are Annual, Semi-Annual, Quarterly, Monthly The Benefit Option is chosen at inception and cannot be changed thereafter The Policyholder at Policy inception can choose from the following two options: Subject to Board Approved Underwriting Policy No Limit (subject to Board Approved Underwriting Policy)Īnnual | Semi-Annual | Quarterly | Monthly It is chosen at Policy inception and cannot be changed thereafter. ^The Benefit payout period commences after the end of the policy term, during which the Survival Benefit is payable to the Policyholder. Premium payment term (PPT), Policy term (PT) and Benefit payout period Maturity Age of the Life Insured (age as on last birthday) The risk coverage for the minors will start from the Date of Commencement of Risk. * In case the Life Insured is a minor, the Policy will automatically vest once the life insured attains the age of majority. ABSLI Pradhan Mantri Jeevan Jyoti Bima YojanaĪBSLI Group Bima Yojana Plan (Micro Insurance)Ī Non-Linked Non-Participating Individual Savings Life Insurance PlanĪll Individuals (Male | Female | Transgender)Īge of the Life Insured at Entry (age as on last birthday)ġ* year (subject to minimum maturity age of 18 years)
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