Shriram Life Assured Income Plan (UIN: 128N053V04)
Shriram Life Assured Income Plan
Shriram Life Assured Income Plan (UIN: 128N053V04) A Non-Linked Non-Participating Life Insurance Individual Savings Plan, offers low premium payment plans, better benefits for higher premiums, and life insurance coverage.
Key Features
Choice of policy term - 8/10/12/15 Years
Assured Income benefits after the policy term
Higher Returns for higher premiums
Higher Returns for higher terms
Additional protection through riders
Key Benefits
Death Benefit
In case of death of the life assured during the policy term, provided all the due premiums till the date of death have been paid, Death Sum Assured will be paid.
The death benefit will be paid to the nominee(s) or beneficiary(ies) in any of the following option chosen by them: i. Lump sum ii. Assured Income payouts iii. 50% Death benefit as lump sum and remaining 50% as regular payouts i.e. the payouts will be 50% of the original payouts
Maturity Benefit
In case of survival of the life assured up to the end of the policy term, and receipt of all the due premiums, the assured income payouts will be paid as scheduled at the start of each year after the end of the policy term during the Benefit Payout Period.
Eligibility
Age at entry | Minimum: 30 days |
|---|---|
Maximum Maturity Age | 70 years (age last birthday) |
Policy Term | 8/10/12/15 years |
Premium Paying Term | Same as Policy Term |
Benefit Payout Period | Equal to Policy Term |
Premium Mode | Yearly, Half-Yearly, Quarterly, Monthly |
Annualised Premium | Minimum: ₹ 15,000 |
Basic Sum Assured | Minimum: ₹ 1,20,000 |