Shriram Life Cash Back Term Plan
Shriram Life Cash Back Term Plan (UIN: 128N045V01) 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.
Pay advance premiums and avail discounts.
Additional protection through RIDERS.
In case of survival of the Life Assured till the end of the policy term, all the premiums paid excluding any extras, rider premiums and taxes will be returned.
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, Sum Assured on death will be paid. However the death benefit will be at least 105% of all premiums paid excluding any extra, rider premium and taxes.
Sum Assured on death shall be higher of:
- 10 times annual premium if age is less than 45 years and 7 times annual premium if age is 45 years and above
- Basic sum assured
Rs. 2 Lakhs
Rs. 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
Rs. 3,000/- Annualised Premium is the sum of all instalment premiums payable during the policy year.
Click this link to calculate you premium.
RIDERS (Add Ons)
Accident Benefit Rider
Provides assistance to Life Assured, in the event of permanent / total disability due to an accident.
Family Income Benefit
Provides additional protection to the family for a nominal premium.
Critical Illness Cover
Provides a benefit to help cover medical and rehabilitation costs associated with critical ailments.
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