Shriram Life New Shri Vivah

Wedding is an auspicious and most awaited event in ones life. To make it more memorable it has to be well planned and that includes financial planning too. Our Shriram Life New Shri Vivah (UIN: 128N050V01) gives financial support to seek during this time. The Shriram Life New Shri Vivah plan also offers adequate double life insurance cover plus regular income apart from the maturity benefits.

KEY FEATURES

  • Sum assured at maturity along with bonuses.

  • Double life insurance cover plus a stream of monthly income on death to offset monetary losses.

KEY BENEFITS

Maturity Benefits

In case of survival of the life assured up to the end of the policy term and provided all the due premiums have been paid, basic sum assured plus accrued Reversionary Bonuses and 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, 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

The accrued reversionary bonuses and the terminal bonus, if any, will be paid immediately on death. The policy will not accrue any future bonuses after 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.

Eligibility

ENTRY AGE

Minimum

18 Yrs

Maximum

50 Yrs

(As on last birthday)

MATURITY AGE

Maximum

70 Yrs

(As on last birthday)

SUM ASSURED

Minimum

Rs. 1 Lakh

Maximum

Subject to underwritten policy.

PREMIUM AND CORRESPONDING POLICY PAYMENT TERM (Yrs)

10

15

20

10

7, 10, 15

7, 10, 20

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.

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