Shriram Life Secure Plus Plan

Shriram Life Secure Plus Plan (UIN: 128N059V01) is a non linked, non participating life insurance plan designed to ensure your loved one’s financial security to meet uncertainties and make your family feel fully protected. It has a lump sum payout in case of unfortunate death helping your family reduce their debts and 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.

KEY BENEFITS

Maturity Benefits

On survival of the Life Assured up to the end of the policy term, Maturity Sum Assured equal to “return of total premiums paid”, excluding underwriting extra premium and loadings for modal premiums if any, will be payable.

Death Benefits

In case of death of the life assured during the policy term, “death sum assured” will be paid to the nominee(s) / legal heir(s) of the Life assured.

Sum assured on death shall be higher of:

  • 10 times Annualised Premium if age is less than 45 years and 7 times Annualised Premium if age is 45 years and above
  • Basic Sum assured
  • Maturity sum assured
  • 105% of the premiums paid till the date of death

Eligibility

ENTRY AGE

Minimum

18 Yrs

Maximum

50 Yrs

(As on last birthday)

MATURITY AGE

Maximum

70 Yrs

(As on last birthday)

SUM ASSURED

Minimum

Rs. 5 Lakhs

Maximum*

Rs. 20 Lakhs

* Subject to underwritten policy.

POLICY TERM

10 / 15 / 20 Yrs

PREMIUM PAYMENT TERM

10 / 15 / 20 Yrs

PREMIUM PAYMENT MODE

  • Yearly
  • Half-yearly
  • Monthly
  • Quarterly

MINIMUM ANNUALISED PREMIUM

Rs.5000

Calculator

Click this link to calculate you premium.

RIDERS (Add Ons)

Accident Benefit Rider

Provides a benefit to help cover medical and rehabilitation costs associated with critical ailments.

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