Shriram Life New Shri Life Plan

Shriram Life New Shri Life Plan (UIN: 128N047V01) is a non linked participating endowment plan. Besides being a systematic savings option, the plan acts as a reliable protection tool to your family in the event of a mishap. Shriram Life New Shri Life Plan is ideal because of the potential upside of reversionary bonuses which may be added to your life cover year after year and also the maturity benefit.

KEY FEATURES

  • Life cover and reversionary bonuses.

  • Limited and regular premium pay options.

  • Attractive sum assured rebates.

  • Facility to pay premiums in advance at discount.

  • Settlement option to receive benefits in installments with addition of interest.

  • Additional protection through riders.

  • Tax Benefits 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 due premiums have been paid, the sum assured plus accrued reversionary bonuses plus terminal bonus (if any) will be paid.

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 plus
  • Accrued reversionary bonus, if any plus
  • Terminal bonus, If any will be paid to the nominee or beneficiary.

However, the Death benefit will be at least 105% of all the premiums paid excluding any extra, rider premium and taxes.

Eligibility

ENTRY AGE

Minimum

30 Days

Maximum

65 Yrs

(As on last birthday)

MATURITY AGE

Minimum

18 Yrs

Maximum

75 Yrs

(As on last birthday)

SUM ASSURED

Minimum

Rs. 50,000

Maximum

Subject to underwritten policy.

POLICY AND CORRESPONDING PREMIUM PAYMENT TERM (Yrs)

10

15

20

25

7, 10

5, 7, 10, 15

5, 7, 10, 20

5, 7, 10, 15, 25

PREMIUM PAYMENT MODE

  • Yearly
  • Half-yearly
  • Monthly
  • Quarterly

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.

Extra Insurance Cover

Provides additional life cover against the payment of extra premium.

Critical Illness Cover

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.

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