ABSLI

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Across
  1. 2. The premium paid towards a life insurance plan is eligible for a tax deduction according to Section ___.
  2. 4. In Nishchit Aayush Plan the cash payout and maturity is 100% ___.
  3. 6. A ___ insurance plan means that the policyholder does not share in the insurer's profits and the returns are guaranteed.(Hint - Nishchit Aayush Plan)
  4. 10. What is the owner of the policy also know as ?
  5. 11. ___ issued on or after February 1, 2021, with an annual premium exceeding ₹2.5 lakh, will not be eligible for tax exemption under section 10(10)D.
  6. 12. A 12% ___ may be offered on the first year premium for existing ABSLI customers in the Akshaya Par Plan.
  7. 14. The ___ Life Income is a Variant which provides cash bonus payout upto 100 years in age in Akshaya Par Plan.
  8. 15. The ___ process is a critical step where insurance companies assess the risk associated with insuring an individual's life.
  9. 18. In Nishchit Aayush Plan if client does not wants to take the cash payout any time soon he can opt for ___ of 0-5 years.
  10. 19. Another term for Death Benefit.
Down
  1. 1. Under In Nishchit Aayush Plan, the ___ income with lumpsum benefit income payout increases at a simple interest rate of 5% every 5 years.
  2. 3. In Akshaya Par Plan V04 the ___ exposure has been increased from 25% upto 50%.
  3. 5. Under Nishchit Aayush Plan, Customer can choose to take the cash payout Annually in ___ which is immediately post issuance.
  4. 7. A life insurance policy in which the policyholder participates in the profits/surplus of the company. (Hint - Akshaya Par Plan)
  5. 8. Under section ___ customer can claim tax savings on the premiums paid towards a health insurance plan or a health rider for a life insurance plan.
  6. 9. A ___ is the person chosen by the policyholder who will recieve the death benefit.
  7. 13. Payouts from ___ policies (excluding ULIPs) issued after April 1, 2023, will be taxable if the total annual premium exceeds Rs. 5 lakhs per pan card.
  8. 16. What are optional add on features that enhance the life insurance policy?
  9. 17. In Akshaya Par Plan, if the customer does not wants to take cash bonus payout he can opt to ___ the cash bonus in his policy.