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What Coverages are Offered in the Shriram Life Saral Jeevan Bima?
The Shriram Life Saral Jeevan Bima covers the following situations:
Life Cover
Being a pure-term insurance plan, Shriram Life Saral Jeevan Bima covers the risk of premature demise during the policy term. The death sum assured is paid if the life insured passes away during the term.
Accident Benefit Rider
Shriram Life Saral Jeevan Bima offers an optional Accident Benefit Rider, which covers accidental demise and accidental permanent and total disability. In either of the cases, the rider sum assured is paid in a lump sum. Moreover, in the case of disability, future premiums are waived off.