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Premium Components of Shriram Life Super Income Plan
The premium of the Shriram Life Super Income Plan can be divided into the following components:
Insurance
This portion of the premium goes towards financially protecting your family in case of the unexpected demise of the insured person.
Savings
This portion of the premium goes towards savings that allow you to reap maturity benefits in the future.
Earning
This portion of the premium goes towards generating monthly earnings for you after the end of the premium paying term.
Accident Benefit Rider
This portion of the premium goes towards protecting you In case of demise or permanent disability due to the accident that occurred during the rider term.
Family Income Benefit Rider
This portion of the premium goes towards assuring a regular income to your family in case of accidental demise or if the insured person becomes totally and permanently disabled due to an accident within the rider's term.
Shriram Extra Insurance Cover Rider
This portion of the premium goes towards extra protection whereby the rider sum assured will be paid to the nominees or the beneficiaries of the insured person in case of death of the life assured during the rider cover term.
Shriram Life Critical Illness Plus Rider
This portion of the premium goes towards protecting you financially from any of the 24 specified critical illnesses.