Shriram Grameena Suraksha Plan

Shriram Grameena Suraksha (UIN: 128N057V01) 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 has 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” will be paid to the nominee or beneficiary.

Tax Benefits:

Tax benefits under this plan are available as per the provisions of the Income tax Act. Tax benefits are subject to changes according to the tax laws from time to time; please consult your tax advisor for details.

ELIGIBILITY

ENTRY AGE

Minimum

18 Yrs

Maximum

50 Yrs

(As on last birthday)

Maturity AGE

Maximum

28 – 65 Yrs

(As on last birthday)

SUM ASSURED

Minimum

Option I : Rs. 25,000

Option II : Rs. 17,000

Maximum

Rs. 50,000

POLICY TERM (Yrs)

10 / 15 Yrs (Fixed)

Annualised premium

Minimum

Option I : Rs. 750

Option II : Rs. 1,400

Maximum

Option I : Rs. 1680

Option II : Rs.4425

Premium paying term

Same as policy term

Calculator

Click this link to calculate you premium.

RIDERS (Add Ons)

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