Is Aditya Birla's new Income Suraksha Plan worth it? Exploring monthly income in term insurance

The Aditya Birla Sun Life Insurance Income Suraksha Plan is a term insurance policy that offers your family a steady monthly income or an increasing monthly payout (rising 5% annually) in the event of your untimely demise, instead of just a lump sum. This ensures ongoing financial security and helps protect against inflation. The plan also allows for a lump sum commutation option and provides tax-free benefits under prevailing laws, making it a flexible and tax-efficient solution for long-term family protection