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.

KEY FEATURES

  • Insurance cover at affordable rates.

  • Return of premiums at maturity.

  • Pay advance premiums and avail discounts.

  • Additional protection through RIDERS.

KEY BENEFITS

Maturity Benefits

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.

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, 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

Eligibility

ENTRY AGE

Minimum

12 Yrs

Maximum

50 Yrs

(As on last birthday)

MATURITY AGE

Maximum

70 Yrs

(As on last birthday)

SUM ASSURED

Minimum

Rs. 2 Lakhs

Maximum*

Rs. 20 Lakhs

* Subject to underwritten policy.

POLICY AND CORRESPONDING PREMIUM PAYMENT TERM (Yrs)

10

15

20

25

5, 10

5, 7, 10, 15

5, 7, 10, 15, 20

5, 7, 10, 15, 25

PREMIUM PAYMENT MODE

  • Yearly
  • Half-yearly
  • Monthly
  • Quarterly

MINIMUM ANNUALISED PREMIUM

Rs. 3,000/- Annualised Premium is the sum of all instalment premiums payable during the policy year.

Calculator

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.

More

MORE

Disclaimer

  • 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

Read the brochure here