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Shriram Life Premier Assured Benefit Plan
What is Shriram Life Premier Assured Benefit Plan?
Shriram Life Premier Assured Benefit (UIN: 128N094V04), a Non-Linked Non-Participating Individual Life Insurance Savings Plan gives your Life Goals the advantage of guarantee* so that you continue to live life to the fullest, come what may. With two life cover options and three ways to receive pay-outs, this plan combines life insurance with guaranteed* returns. Choose a pay-out option according to your current financial goals and rest assured that you would be able to change pay-out options#, as and when your life goal changes.
- Buy Shriram Life Premier Assured Benefit Plan online in just four simple steps
- Pay lower premiums for the chosen tenure in suitable premium payment terms
- Receive annual earnings from the last premium payment term till the policy maturity
- Claim both death benefits and maturity benefits by choosing Life Plus cover
- Get additional protection through riders
- Enjoy guaranteed benefits plus tax benefits under Shriram Life Premier Assured Benefit Plan
Policy Type
Savings Plans
Policy Term
10, 12, 15, to 20 years
Minimum Premium
₹60,000 (annual)
Maturity Age
70 years
Features and Benefits of the Shriram Life Premier Assured Benefit
Two Life Covers
This assured saving plan has life and life plus covers to choose from. Life plus cover provides higher payouts whereas life cover provides life protection with the Death Sum Assured.
Flexible Premium Payment Terms
The Shriram Life Premier Assured Benefit has different tenures from 10 to 20 years. Each has multiple payment frequencies (monthly, annual, half-yearly, and quarterly) and terms to choose from depending on your capabilities.
Protection with Benefits
You will receive benefits during policy maturity that you can receive through three formats along with life coverage.
Pay-Outs Through Assured Savings
You can receive annual payments as a % of your annualised premium from the end of your Premium Payment Term (PPT) till the policy's maturity.
Settlements in Lump-Sum or Instalments
Other than assured monthly payments, there are two other settlement options. You can either get it as a lump sum amount or in annual instalments from the date of policy maturity.
Rider Protection
If you want to increase the protection level against demises, there are four rider protection options available. These rider plans give protection against specific illnesses and accidents.
How to Apply for Shriram Premier Assured Benefit?
You can apply for the Shriram Life Premier Assured Benefit in four simple steps:
Step 01
Please enter your Name and Mobile number and Email address
Step 02
Verify your Mobile Number and Basic details
Step 03
Select Premium Details
Step 04
Purchase Your Policy
How to Claim for Shriram Life Premier Assured Benefit?
You can submit Death Claims, Disability Claims, Cancer Care Claims and Critical Illness Claims for your Shriram Life Premier Assured Benefit online on our website by following simple steps provided below.
Step 01
Come to the claim center, select intimate claim Button
Step 02
Choose in the dropdown Request Type - death
Step 03
Fill the details of insurer, death event, details of doctor who declared death (Doctor -Non mandatory)
Step 04
Fill the personal and bank details of claimants and upload the documents
Document to be uploaded
- Death certificate issued by Local Body/Municipal Body
- Nominee bank passbook
- Postmortem report
- Claim form B
- Claim form A
- Policy Document
- Hospital Summary/Hospital records
- Nominee ID proof (ID proof / address Proof)
- FIR/ Panchnama/ Inquest Report and final investigation report
- Upload Signature of claimant
- Copy of driving license if Life Assured was driving the vehicle at the time of accident (applicable if Rider is opted)
- NEFT mandate form
- Claims form C and E wherever applicable
Eligibility and Documents Required for Shriram Life Premier Assured Benefit
Eligibility Criteria | Limits | ||||||
Age | Minimum: 30 days | ||||||
Maturity Age | Minimum: 18 years (age last birthday) | ||||||
Policy Term (In years) | Minimum of 10 years and maximum of 20 years | ||||||
Premium Paying Term (In years) | single | 6, 8, 10 |
|
| |||
Premium Payment Mode | Single, Monthly, Quarterly, Half-Yearly, and Annual | ||||||
Premium Range | Minimum : | ||||||
Yearly | Half-Yearly | Quarterly | Monthly | Single pay | |||
₹60,000 | ₹31,000 | ₹15,500 | ₹5,500 | ₹3,00,000 | |||
Maximum : | |||||||
POS & CPSC - SPV
Maximum Maturity Age | 65 years (age last birthday) |
Maximum Premium | Both for Life and Life Plus Option - |
What Does the Shriram Life Premier Assured Benefit Cover?
The Shriram Life Premier Assured Benefit covers life protection in two ways:
- Life, and life plus. Life cover provides life protection where the nominee can receive the Death Sum Assured if anything unfortunate happens to the policy holder. With Life Plus, the nominee can receive the Death Sum Assured upon the demise of policy holder and also receive maturity benefits without paying premium payments from the date of demise.
- Shriram Life Premier Assured Benefit also covers survival benefits that policy holder can receive as payouts starting from the next year of their premium payment term. They can also choose to receive the maturity benefit as a lump sum amount or in four annual instalments. The plan also includes four rider benefits for extensive life protection.
Downloads
All the policy related documents are easily available online on the website for the comfort and ease of all our customers. You can simply visit our website www.shriramlife.com. go to the download section in the policy page and download the policy document, brochure and presentation.
FAQ's
When can I download the Shriram Life Premier Assured Benefit policy document?
You can download the Shriram Life Premier Assured Benefit policy document anywhere during your active policy tenure from the website www.shriramlife.com.
How can I access the policy documents of Shriram Life Premier Assured Benefit offline?
You can access the policy documents of Shriram Life Premier Assured Benefit offline by visiting any of the Shriram Life Insurance branches all over India. Locate our branches here https://www.shriramlife.com/branch-locator. Our friendly customer care executives will help you download all the documents you require.
What will happen if I forget my policy number for Shriram Life Premier Assured Benefit?
If you forget your policy number for Shriram Life Premier Assured Benefit, you can still search for it using your name, year of policy purchase and other information on the Shriram Life Insurance website. If you still cannot find it, visit your nearest Shriram Life Insurance branch and our friendly customer care executives are always ready to help.
What do I need to download my policy documents for the Life Premier Assured Benefit plan online?
The details you will need to download your policy documents for the Life Premier Assured Benefit plan online are your policy number, the financial year of purchase, name and other details related to your application.
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