SHRIRAM LIFE CRITICAL ILLNESS PLUS RIDER
Non-linked Non-Participating Health Individual Pure Risk Premium Rider
Nobody likes to think about the possibility of suffering a serious illness or injury in the future. You can’t foresee this happening, but you can make plans to help support yourself should the unexpected happen. Shriram Life Insurance Company presents Shriram Life Critical Illness Plus Rider. This rider protects you against 24 illnesses and gives you an upside of increments in your rider sum assured through Loyalty Additions.
This Rider can be chosen by the policyholder along with the base plan for a nominal premium*, either at inception of the policy or at policy anniversary, provided that it meets the eligibility conditions.
*Subject to the condition that the premium under the Critical Illness rider shall not exceed 100% of the base plan premium.
PREMIUM PAYMENT TYPE
PREMIUM PAYMENT TERM
RP: Same as Policy Term
LP: 5 to 51 years
PREMIUM PAYMENT MODE
BENEFITS UNDER THE RIDER*
Critical Illness Cover
The rider pays 100% of the Critical Illness rider sum assured along with loyalty benefit in the event of the life assured being first diagnosed with any of the covered 24 critical illnesses. Thereafter, the rider gets terminated.
Loyalty benefit will be offered under the rider by way of increments in rider sum assured during the term of the rider provided all the premiums due at the time of loyalty addition are fully paid. At the end of third policy year, the sum assured under the rider will be increased by 15% of initial rider sum assured and the increased rider cover continues till the end of the rider term.
The diseases covered under this rider:
- Cancer of Specified Severity
- Myocardial Infarction (First Heart Attack of Specific Severity)
- Stroke Resulting In Permanent Symptoms
- Kidney Failure Requiring Regular Dialysis
- Major Organ /Bone Marrow Transplant
- Open Chest CABG
- Permanent Paralysis of Limbs
- Open Heart Replacement or Repair Of Heart Valves
- Coma of Specified Severity
- Multiple Sclerosis with Persisting Symptoms
- Benign Brain Tumor
- Third Degree Burns
- Alzheimer’s Disease / Irreversible Organic Degenerative Brain
- End Stage Lung Failure
- End Stage Liver Failure
- Surgery of Aorta
- Motor Neuron Disease with Permanent Symptoms
- Major Head Trauma
- Primary (Idiopathic) Pulmonary Hypertension
- Appalic Syndrome
- Loss of Limbs
- Parkinson’s Disease
*Benefits under the rider are payable only if the base plan is in force. The rider benefit will cease immediately if the base plan is terminated or discontinued. The rider benefit will also cease when a claim is paid. Rates are reviewable on the third anniversary of the original policy’s commencement and every three years thereafter. These changes are subject to IRDAI approval only.
*Benefits under the rider are payable only if the base plan is in force.
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.
IRDAI Regn No. 128
BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRADULENT OFFERS
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
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ARN: SLIC/Elec/May 2021/21