Shriram Easy Life Cover
Shriram Easy Life Cover (UIN: 128N056V01) is a non participating non linked life insurance product. The plan aims to meet the short term insurance needs of people.
Death benefit is 10 times the annualized premium.
Minimum guaranteed sum assured payable on maturity
Tax benefits as per prevailing tax rules
In case the life assured survives up to the end of the policy term Maturity sum assured will 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 is the absolute amount assured to be paid on death which is 10 times the annualized premium for all ages.
Maturity sum assured is the minimum guaranteed sum assured payable on maturity which is equal to total annualized premiums paid multiplied by maturity benefit factor.
ENTRY AGE (LIFE ASSURED)
ENTRY AGE (PROPOSER)
PREMIUM PAYMENT TERM
PREMIUM PAYMENT MODE
DATE OF COMMENCEMENT OF RISK
Risk starts immediately from the date of commencement of the policy
MINIMUM ANNUALISED PREMIUM
Subject to underwritten policy
RIDERS (Add Ons)
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