Shriram Life New Shri Vidya
Shriram Life New Shri Vidya (UIN: 128N051V01) is designed for you to make your child’s aspirations come true. The Plan offers survival benefits that adjust according to your child’s education requirements and also provides insurance cover in case anything unfortunate should happen to you.
Sum assured plus stream of monthly income on death to offset monetary losses.
Additional sum assured in equal installments after death or on survival at the end of each of the last four years of policy to suit your child’s educational requirements.
Comprehensive life insurance cover.
Flexibility in receiving Education Support Benefit on maturity.
Auto cover (available only once during premium paying term).
Additional protection through riders.
In case of survival of the life assured up to the end of each of the last four years of the policy and provided all the due premiums have been paid, 25% of basic sum assured at the end of each of the last four years will be paid.
In case of death of the life assured during the policy term, provided all the due premiums have been paid, the following benefits are paid to the nominee or beneficiary.
- Sum assured on death
- Accrued Reversionary Bonuses plus Terminal Bonus, if any, immediately on death
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.
Rs. 1 Lakh
Subject to underwritten policy.
PREMIUM AND CORRESPONDING POLICY PAYMENT TERM (Yrs)
7, 10, 15
7, 10, 20
7, 10, 15, 25
PREMIUM PAYMENT MODE
- Half yearly
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.
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