Shriram Life Smart Protection Plan

We share memorable moments with our family and our loved ones. We work hard to ensure that we provide them with the best. While we enjoy and cherish those moments we also need to ensure that we have secured our family from the uncertainties of life. To meet such needs Shriram Life presents Smart Protection Plan (UIN: 128N069V02), a pure term plan available at an affordable premium. It provides life cover along with optional Accidental Cover or Critical Illness Cover.

KEY FEATURES

  • Annual premium as low as ₹ 2,000.

  • Silver Option: Life Cover.

  • Option to avail enhanced protection.

  • Gold Option: Life Cover with in-built Accidental Death Benefit.

  • Long term cover of up to 30 years.

  • Diamond Option: Life Cover with in-built Critical Illness Benefit.

KEY BENEFITS

Death Benefits

In case of death of the life assured within the policy term, provided the policy is in force,

  • Silver Option : “Death Sum Assured” is paid to the nominee and the policy terminates
  • Gold Option : “Death Sum Assured” is paid to the nominee and the policy terminates.
    In case of Accidental death, an additional benefit equal to sum assured is paid to the nominee & the policy terminates.
  • Diamond Option :

    • If death occurs first : “Death Sum Assured” is paid to the nominee and the policy terminates.
    • If Critical Illness occurs first : On first diagnosis of any of the covered critical illnesses, a critical illness benefit of 25% of Sum Assured is paid and the policy continues for life cover only till the end of the policy term. On death of the life assured during the rest of the policy term “Death Sum Assured” less the critical illness benefit already paid will be paid and the policy terminates.

The future premiums after the incidence of the covered critical illness shall be waived.

Eligibility

ENTRY AGE

Minimum

18 Yrs

Maximum

65 Yrs

(As on last birthday)

MATURITY AGE

Maximum

75 Yrs

(As on last birthday)

SUM ASSURED

Minimum

₹ 1 Lakh

Maximum

₹ 14 Lakhs

(subject to Board approved underwriting policy.
Sum assured shall be in multiples of ₹ 1 lakh only)

POLICY TERM (Yrs)

10 – 30 Yrs

(Policy term shall be in multiples of 5 years)

PREMIUM PAYMENT MODE

  • Yearly
  • Half Yearly
  • Quarterly
  • Monthly

RIDERS (Add Ons)

No riders available.

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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

Read the Product brochure here