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.
Death benefit is 10 times the annualized premium.
Minimum guaranteed sum assured payable on maturity
Tax Benefits as per prevailing Tax rules
If the life assured survives up to the end of the policy term. “Maturity sum assured” wii be paid.
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.
PREMIUM PAYMENT TERM
PREMIUM PAYMENT MODE
Click this link to calculate you premium.
RIDERS (ADD ON’S)
No riders available.
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