Shriram Grameena Suraksha Plan

Shriram Grameena Suraksha is a non linked non participating term insurance plan. The plan is a micro insurance term plan and provides life cover at a low cost to the socially weaker sections of the society. The plan offers life cover in two options.

Option I: Pure term assurance

Option II: Term assurance with return of premiums on maturity.

KEY BENEFITS

Maturity Benefits

Option I: In case of survival of the life assured up till the end of the policy term, no benefit is paid.

Option II: In case of survival of the life assured up till the end of the policy term,”maturity sum assured” will be paid to the policy holder.

Death Benefits

In case of death of the life assured during the policy term, “Death sum assured” as defined above will be paid to the nominee or beneficiary.

Eligibility

ENTRY AGE

Minumum

18 Yrs

Maximum

50 Yrs

(As on last birthday)

Maturity AGE

Maximum

28 – 65 Yrs

SUM ASSURED

Minumum

Option I : 25,000

Option II : 17,000

Minumum

50,000

POLICY TERM (Yrs)

10/15 Years(Fixed)

Minimum Annual Premium

Option I : 750

Option II : 1,400

Maximum Annual Premium

Option I : 1,680

Option II : 4,425

Calculator

Click this link to calculate you premium.

RIDERS (ADD ON’S)

No riders available.

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Disclaimer

  • For more details on the risk factors , terms and conditions please read the sales brochure and/ or sample policy document on our website carefully, and/ or consult our advisor.

  • Tax benefits are subject to change as per tax laws. Please consult your tax consultant on tax benefits.

Read the policy document here

Read the brochure here