SHRIRAM LIFE POS ASSURED SAVINGS PLAN
As we get older, our responsibilities increase; responsibilities towards our elderly parents, spouse and children. We go from being dependents to having dependents of our own, and it is our responsibility to take care of them. But what would happen to them in our absence?
Life Insurance is the tool that will make sure your family is taken care of in your absence. Presenting Shriram Life POS Assured Savings Plan, which helps build your savings while ensuring your family is taken care of financially, even in your absence – and all of that available without any medicals.
Life cover without medicals
Higher maturity benefit for higher premiums (as high as 181%*)
Life cover and Returns, fully assured upfront
Flexibility to change Policy Term and Premium Payment Term
Double cover on Accidental Death with Option 2
*of basic sum assured payable on maturity for age 5 years, Premium Payment Term of 8 years, Policy Term of 15 years, annualized premium of ₹ 25,000
In case of survival of the life assured up to the end of the policy term, provided the policy is in force, the Guaranteed# Maturity Sum Assured will be payable immediately in lump sum.
Guaranteed# Maturity Sum Assured = Maturity Benefit Factor X Basic Sum Assured
Where, Basic Sum Assured = Premium Paying Term X Annualized premium&
The death benefit depends on the plan option chosen and is paid to the nominee(s) or beneficiary(ies), provided the policy is in force.
BASIC SUM ASSURED
Subject to maximum Death Sum Assured of
₹ 10 Lakhs
10 / 15 Years
PREMIUM PAYING TERM
Equal to Policy Term
PT 10: 8 Years
PT 15: 8 / 10 Years
PREMIUM PAYMENT MODE
Yearly ₹ 5,000
Half Yearly ₹ 3,000
Quarterly ₹ 1,500
Monthly ₹ 500
Yearly ₹ 97,656
Half Yearly ₹ 49,647
Quarterly ₹ 25,040
Monthly ₹ 8,392
#Provided all the premiums are paid and the policy is in force.
^Risk cover starts from date of commencement of policy for all lives including minors. In case of a minor life, the policy will vest in the Life Assured on attainment of age 18 years.
&Annualised premium shall be the premium payable in a year chosen by the policyholder, excluding the underwriting extra premiums, rider premiums, loadings for modal premiums, taxes and other statutory levies, if any.
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.
IRDAI Regn No. 128
BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRADULENT OFFERS
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
The Trade Logo displayed above belongs to Shriram Value Services Limited (“SVS”) and used by Shriram Life Insurance Company Limited under a License agreement.”
ARN: SLIC/Elec/Dec 2020/37
Read the policy document here