Shriram Grameena Suraksha Plan

Shriram Grameena Suraksha (UIN: 128N057V02) 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, “Total Premiums paid” 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 are as per Income Tax Laws & are subject to change 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 : ₹ 25,000

Option II : ₹ 17,000

Maximum

₹ 2,00,000

POLICY TERM (Yrs)

10 / 15 Yrs (Fixed)

Annualised premium&

Minimum

Option I : ₹ 750

Option II : ₹ 1,400

Maximum

Option I : ₹ 6,720

Option II : ₹ 17,800

Premium paying term

Same as policy term

Calculator

Click this link to calculate you premium.

RIDERS (Add Ons)

No riders available.

MORE

Disclaimer:

# Provided all the premiums are paid and the policy is in force.

& Annualised premium shall be the premium payable in a year chosen by the policyholder, excluding the underwriting extra premiums, rider premiums, loadings for modal premiums, taxes and other statutory levies, if any.

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.

IRDAI Regn No. 128
CIN: U66010TG2005PLC045616

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.

The Trade Logo displayed above belongs to Shriram Value Services Limited (“SVS”) and used by Shriram Life Insurance Company Limited under a License agreement.”

ARN – SLIC/Elec/Jan 2021/62

Read the policy document here

Read the brochure here