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Shriram Life Genius
Assured Benefit Plan


You give them wings, we help them fly

ABOUT THE PLAN

As parents 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 (UIN 128N068V02). This plan ensures peace of mind by providing guaranteed financial assistance to your child and your family.

Key Features

  • Guaranteed benefits

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

  • Comprehensive life insurance cover

  • Flexibility in receiving Education Support Benefit on maturity

  • Auto Cover

  • Additional protection through Riders

Key Benefits

Maturity Benefits

In case of survival of the life assured up to the end of the policy term, provided the policy is in force, the following benefits will be paid:

  1. 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.

ENTRY AGE

Minimum

18 Years

Maximum

45 Years

( Age last birthday)

MATURITY AGE

Maximum

63 Years

(Age last birthday)

SUM ASSURED

Minimum

₹ 2 Lakhs

Maximum*

No Limit,
Subject to Board approved underwriting policy

ANNUAL PREMIUM

Minimum (₹)

₹ 21,732

Maximum (₹)

No Limit,
Subject to Board approved underwriting policy

POLICY TERM

10 To 18 Years

PREMIUM PAYMENT TERM

10 Years

PREMIUM PAYMENT MODE

  • Yearly

  • Monthly
    (NACH only)

RIDERS (Add Ons)

You can opt any of the following Riders by paying additional premium.

Accident Benefit Rider (UIN 128B001V03)


In case of death or total and permanent disability due to accident during the rider term, we will pay 100% of the rider sum assured. Also, if the life assured becomes totally and permanently disabled in an accident, we will waive off all the future premiums under the policy.

Shriram Critical Illness Cover Rider (UIN 128B010V03)


If you are diagnosed to be suffering from any of the 6 specified Critical Illnesses, we will pay 100% of the rider Sum Assured on survival of 30 days following the date of first instance of confirmed diagnosis.

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