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  • As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on 1800 10 888 or visit the nearest IDFC FIRST Bank branch for further queries.

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Eligibility Criteria for ABSLI Param Suraksha

Product Specifications
Type of Plan A Unit-Linked Non-Participating Individual Life Insurance Savings Plan
Coverage All Individuals (Male | Female | Transgender)
Minimum Entry Age (age as on last birthday) 18 Years
Maximum Entry Age (age as on last birthday) 50 years
Maximum Maturity Age (age as on last birthday) 75 years
Minimum Premium Rs. 1,00,000
Maximum Premium No Limit (subject to Board Approved Underwriting Policy)
Minimum Sum Assured Rs. 7,00,000
Maximum Sum Assured No Limit (subject to Board Approved Underwriting Policy)
Premium Payment Term (PPT) 6 | 8 | 10 | 12 Years
Policy Term (PT) 15 | 20 | 25 | 26 | 27 | 28 | 29 | 30 Years
Premium Payment Mode Annual