What coverages are offered in the Shriram Life My Spouse Term Plan?

The policy offers financial protection to the spouse in case of the Primary Life Assured's demise or if they are diagnosed with a terminal illness. This cover is available regardless of whether the Primary Life is alive or not.

The policy also offers coverage for accidental demise and critical illnesses. In case of accidental demise, the nominees or beneficiaries will receive the sum assured if the spouse passes away due to an accident. The policy covers 23 major critical illnesses, and if the spouse is diagnosed with any of them, 100% of the sum assured will be paid.

The policy also offers coverage for total and permanent disability caused by accident. In case of disability, all future premiums under the policy will be waived. The family will receive a monthly sum that is 1% of the sum assured for 10 years or till the end of the rider term, whichever is longer.