Shriram Life Cash Back Term Plan
Shriram Life Cash Back Term Plan (UIN: 128N045V02) is an affordable, easy-to-obtain financial security net for you and your loved ones. It has a lump sum payout in case of unfortunate death helping your family reduce their debts thereby protecting their financial security. At the same time the premiums paid towards this policy will be returned on maturity.
Insurance cover at affordable rates.
Return of premiums at maturity.
Additional protection through RIDERS.
Maturity Benefits #
In case of survival of the Life Assured till the end of the policy term, all the premiums paid during the term of the policy excluding any extras, rider premiums and taxes will be returned.
Death Benefits #
In case of death of the life assured during the policy term, provided all the due premiums have been paid, till the date of death “Death Sum Assured” will be paid
“Death Sum Assured” is defined as highest of
- 10 times the Annualised Premium
- 105% of All Premiums Paid till the date of death
- Sum Assured
Sum Assured is the amount chosen by the policyholder at the time of proposal.
Annualised Premium means the premium payable in a year chosen by the policyholder excluding the taxes underwriting extra premiums, rider premiums and loadings for modal premiums, if any.
All Premiums Paid is the total of all premiums paid till the date of death excluding any extra premiums, any rider premiums, and taxes.
12 Yrs ^
₹ 2 Lakhs
₹ 20 Lakhs
POLICY AND CORRESPONDING PREMIUM PAYMENT TERM (Yrs)
5, 7, 10, 15
5, 7, 10, 15, 20
5, 7, 10, 15, 25
PREMIUM PAYMENT MODE
MINIMUM ANNUALISED PREMIUM
Click this link to calculate you premium.
RIDERS (Add Ons)
Additional protection through Riders
You can opt any of the following Riders by paying additional premium. The riders can be opted at the inception of the policy or subsequently on any policy anniversary.
Accident Benefit Rider (UIN 128B001V03)
In case of death or total and permanent disability due to accident during the rider term, we will pay 100% of the rider sum assured. Also, if the life assured becomes totally and permanently disabled in an accident, we will waive off all the future premiums under the policy.
Family Income Benefit Rider (UIN 128B002V03)
In the event of accidental death or if the life assured becomes totally and permanently disabled due to an accident within the rider term, 1% of rider sum assured is payable every month immediately from the end of month of accident for a guaranteed period of 10 years or till the end of the rider term whichever is higher.
# Provided all the premiums are paid and the policy is in force.
^ Risk cover starts from date of commencement of policy for all lives including minors. In case of a minor life, the policy will vest in the Life Assured on attainment of age 18 years.
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.
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/June 2021/56
Read the policy document here