Premium Components of Shriram Life My Spouse Term Plan

This premium forms the foundation of the policy, covering both you and your spouse in case of demise or terminal illness. The premium amount depends on factors such as age, gender, policy term and the sum assured chosen.

This component doesn't offer a guaranteed payout to the policy holder upon the completion of the policy tenure.

An inbuilt feature of the base life cover, this provides coverage for terminal illness for both you and your spouse without any additional premium payment needed. The terminal illness cover is equal to the sum assured.

Enhance your protection by opting for additional coverage options, which will require an extra premium payment. These options include Critical Illness and Accidental Death Benefits.

This provides a lump sum amount on the diagnosis of any of the specified critical illnesses, while the base life cover continues for the remaining term.

This provides an additional lump sum amount on demise due to an accident, in addition to the base life cover benefit, and the cover continues for the secondary life assured.

This inbuilt coverage, applicable only for the primary life assured, waives all future premium payments (including optional benefits and spouse premiums) from the date of disability till the end of the policy tenure. No additional premium is required for this benefit.