Shriram Easy Life Cover

Shriram Easy Life Cover is a non participating non linked life insurance product. The plan aims to meet the short term insurance needs of the lives.

KEY FEATURES

  • Death benefit is 10 times the annualized premium.

  • Minimum guaranteed sum assured payable on maturity

  • Tax Benefits as per prevailing Tax rules

KEY BENEFITS

Maturity Benefits

If the life assured survives up to the end of the policy term. “Maturity sum assured” wii be paid.

Death Benefits

If the life assured dies during the policy term. “Death Sum assured” as defined below will be paid to the nominee or beneficiary.

Sum assured on Death shall be higher of

  • 10 times the annualized premium.
  • Sum assured
  • Maturity sum assured
  • 105% of the premiums paid till the date of death

where Sum assured = absolute amount assured to be paid on death which is 10 times the annualized Premium for all ages.

Maturity sum assured = minimum guaranteed sum assured payable on maturity which is equal to total annualized premiums paid multiplied by maturity benefit factor.

Eligibility

ENTRY AGE

Minumum

13 Years

Maximum

45 Yrs

(As on last birthday)

MATURITY AGE

Maximum

55 Yrs

SUM ASSURED

Minumum

65,000

Maximum

*Subject to underwriting considerations as per Board approved underwriting policy.

POLICY TERM

5 Yrs

PREMIUM PAYMENT TERM

5 Yrs

PREMIUM PAYMENT MODE

  • Yearly
  • Half-yearly
  • Monthly
  • Quarterly

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