Shriram Life Genius Assured Benefits Plan

Shriram Life Genius Assured Benefit Plan (UIN: 128N068V01) is an endowment cum plan, designed to provide guaranteed financial assistance to your family and support your child’s education in the unfortunate event of your death or on maturity. It can be broadly classified as a child insurance plan.
As parent we aspire to provide what is best for our child’s future. We work hard for our family’s well being and to provide for our child’s aspirations. We support our children in every possible ways so that they can live a healthy and happier life.
We know that our decisions today will help in shaping future of our children. We earn and save money for difficult times and for future milestones, but have you ever imagined what will happen to your family and to your child in your absence. Have you planned for such uncertainties?
We understand your need of security and savings for your loved ones and we now present a customized solution, Shriram Life Genius Assured Benefit Plan. This plan ensures peace of mind by providing guaranteed financial assistance to your child and your family

KEY FEATURES

  • Maturity benefit that suits your child’s higher education dream.

  • Comprehensive life insurance cover.

  • Flexibility in receiving Education Support Benefit on maturity.

  • Auto Cover (available only once during premium paying term).

  • Enhanced protection with Riders.

  • Tax Benefit as per prevailing Tax rules.

KEY BENEFITS

Maturity Benefits

In case of survival of the life assured up to the end of the policy term and all the
premiums have been paid, the following benefits will be paid:

  1. Guaranteed Maturity sum assured plus
  2. Education Support Benefit

The Education Support Benefit shall be paid as per the option (Flat Payout/Increasing Payout) chosen by the policyholder at inception of the policy.This option cannot be changed during the policy term.
There is no option to take the benefits under Education Support Benefit in lump sum.

Death Benefits

In case of death of the life assured within the policy term, provided the policy is in force, “Death Sum Assured” will be paid to nominee.

The policyholder can choose any of the following options for payment of death benefit.

  1. Lump sum option
  2. Installment option

This option shall be chosen at the time of proposal only and cannot be changed
during the policy term.

Eligibility

ENTRY AGE

Minimum

18 Yrs

Maximum

45 Yrs

(As on last birthday)

MATURITY AGE

Maximum

63 Yrs

(As on last birthday)

SUM ASSURED

Minimum

Rs. 2 Lakhs

Maximum

No Limit

Monthly Premium

Minimum (Rs)

Rs. 1,865

Maximum (Rs)

No Limit

Annual Premium

Minimum (Rs)

Rs. 21,732

Maximum (Rs)

No Limit

POLICY TERM (Yrs)

10 to 18 Yrs

PREMIUM PAYMENT TERM (Yrs)

10 Yrs

PREMIUM PAYMENT MODE

  • Yearly
  • Monthly (ECS only)

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.

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 brochure here