FAQ's related to Shriram Assured Savings Plan

Shriram Life Assured Savings Plan is a life insurance policy that provides savings and financial security to your family in your absence. It also provides life coverage without any medical examination and advanced protection through riders.

You can buy the Shriram Life Assured Savings Plan online in just a few simple steps.

The Shriram Life Assured Savings Plan provides a death benefit, maturity benefit, paid-up death and maturity benefit, surrender value and loans. It also provides flexibility to alter the policy terms and premium payment mode.

The death benefit depends on the plan option chosen and is paid either as one “Death Sum Assured” or 100% of total premiums paid to date under the Shriram Life Assured Savings Plan.

The maturity benefit of Shriram Life Assured Savings Plan - Guaranteed Maturity Sum Assured is payable in a lump sum if the policy holder survives until the end of the policy term.

You can change your policy terms and premium payment mode during the policy duration, free of charge.

The Shriram Life Assured Savings Plan covers death benefits, maturity benefits, and paid-up death and maturity benefit. It also provides life insurance coverage throughout the policy term and protection against accidental demise.

The Shriram Life Assured Savings Plan provides a maximum maturity benefit of 174% for higher premiums.

There is no restriction on the number of alterations that can be made to the Shriram Life Assured Savings Plan.

You can take a policy loan within the surrender value of the Shriram Life Assured Savings Plan.

The interest rate for policy loans in Shriram Life Assured Savings Plan is fixed at 9.5% p.a. compounding half-yearly.

The paid-up death benefit is calculated as Death Sum Assured (No of premiums paid/Total no. of premiums payable) under Shriram Life Assured Savings Plan.

The paid-up maturity benefit is calculated as Guaranteed Maturity Sum Assured (No of premiums paid/Total no. of premiums payable) under the Shriram Life Assured Savings Plan.

You can claim tax benefits as a policy holder of the Shriram Life Assured Savings Plan.