Shriram Life New Shri Raksha

Shriram Life New Shri Raksha (UIN: 128N052V01) is a non linked participating plan that offers dual insurance cover during the term. The plan also provides for a whole life insurance cover after the policy term apart from sum assured on survival at maturity. The premiums paid towards this policy will be returned on maturity.

KEY FEATURES

  • Twice the basic sum assured on death to offset monetary losses.

  • Additional basic sum assured on death after the policy term.

  • Reversionary Bonus to enhance your savings and life cover.

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 until the date of death, Sum assured on death plus Accrued Reversionary Bonuses plus Terminal Bonus, if any are paid to the nominee or beneficiary.

However the death benefit will be at least 105% of all premiums paid till the date of death excluding any extra and rider premiums and taxes.

The policy will not accrue any future bonuses after death.

Extended Benefits

In case the life assured survives the policy term, the insurance cover will continue till the life assured attains age of 100 years. In case of death during this period or survival upto the age of 100, one basic sum assured will be paid.
This is an extended benefit payable after the policy term and the policy will not participate in profits after the policy term.

Eligibility

ENTRY AGE

Minimum

18 Yrs

Maximum

55 Yrs

(As on last birthday)

MATURITY AGE

Maximum

75 Yrs

(As on last birthday)

SUM ASSURED

Minimum

Rs. 1.5 Lakhs

Maximum

Subject to underwritten policy.

PREMIUM AND CORRESPONDING POLICY PAYMENT TERM (Yrs)

10

15

20

25

10

10, 15

10, 20

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