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Shriram Life My Spouse Term Plan Eligibility and Documents Required
To buy the Shriram Life My Spouse Term Plan, you will need to fulfil the following eligibility criteria:
Eligibility Criteria | Limits |
Age Criteria |
Entry Minimum: 18 years Maximum: 55 years |
Age at Maturity |
Minimum: 28 years Maximum: 75 years |
Policy Term |
Minimum:10 years Maximum: 57 years |
Premium Paying Term | Equal to the chosen policy term |
Premium Mode | Yearly, Half-yearly, Quarterly, Monthly |
Annual Premium |
Minimum: ₹3,060 Maximum: Depends on age, medical history and policy details selected |
Sum Assured Range (Primary) | ₹25 Lakhs to ₹10 crores (in multiple of ₹1 lakh). The sum assured for the Secondary Life shall not exceed the sum assured for the Primary Life |
Terminal Illness Cover |
Available for Primary and Secondary life. Equal to Sum Assured |
Critical Illness Cover |
Available for Primary Life only. Minimum ₹5 lakhs. Maximum 20% of the sum assured subject to a limit of ₹20 lakh |
Accidental Death Benefit Cover |
Available for Primary Life only. Minimum ₹10 lakhs. Maximum 100% of sum assured subject to a limit of ₹1 crore |
Maturity Benefit | Not available under this plan |
Loan Facility | Not available under this plan |