Shriram Group Term Life Insurance (UIN-128N042V02)
THIS PLAN IS CLOSED FOR SALE (SERVICED BY CUSTOMER SERVICE)
Shriram Group Term Life Insurance (UIN-128N042V02) is a One Year Renewable Group Term Assurance plan that offers the options of lump sum death benefit in the event of death of a member.
KEY BENEFITS
Death benefit:
Monthly income benefit option:
- If the member dies, the sum assured will be paid to the nominee /legal heir as applicable.
- Sense of security to their families and increase in productivity at work.
- Tax benefits on benefit proceeds may be available as per prevailing Income Tax laws.
ELIGIBILITY
| ENTRY AGE | Minimum 14years Maximum 79Years (Age last birthday) |
|---|---|
| MATURITY AGE | 80 Years (Age last birthday) |
| POLICY TERM (YRS) | Minimum 1 Yrs (Fixed) (Annually renewable) |
| MINIMUM SUM ASSURED | Rs.5,000 per member |
| MAXIMUM SUM ASSURED | No Limit Depends on Company’s Board approved underwriting policy |
| PREMIUM PAYMENT MODE | 20 for employer employee groups and 50 for other groups |
RIDERS (ADD ONS)
| Name | Description |
|---|---|
| Accident Benefit Rider | Provides assistance to Life Assured, in the event of permanent / total disability due to an accident. |