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
Maturity AGE
Maximum
28 – 65 Yrs
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
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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.
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Tax benefits are subject to change as per tax laws. Please consult your tax consultant on tax benefits.
Read the policy document here