Assured Savings Plan (UIN - 128N089V02)
Assured Savings Plan (UIN - 128N089V02)
As we get older, our responsibilities increase; responsibilities towards our elderly parents, spouse and children. We go from being dependents to having dependents of our own, and it is our responsibility to take care of them. But what would happen to them in our absence? Life Insurance is the tool that will make sure your family is taken care of in your absence. Presenting Shriram Life Assured Savings Plan, which helps build your savings while ensuring your family is taken care of financially, even in your absence – and all of that available without any medicals.
KEY FEATURES
Life cover without medical
Life cover and Returns, fully assured upfront
Higher maturity benefit for higher premiums (as high as 183%*)
Double cover on Accidental Death with Option 2
Flexibility to change Policy Term and Premium Payment Term
KEY BENEFITS
Maturity Benefits
In case of survival of the life assured up to the end of the policy term, provided the policy is in force, the Guaranteed# Maturity Sum Assured will be payable immediately in lump sum and the policy will be terminated Guaranteed# Maturity Sum Assured = Maturity Benefit Factor X Basic Sum Assured Where, Basic Sum Assured = Premium Paying Term X Annualized premium
Death Benefits
The death benefit depends on the plan option chosen and is paid to the nominee(s) or beneficiary(ies), provided the policy is in force.
Death due to | Option 1 | Option 2 |
|---|---|---|
Accident | Death Sum Assured | 2X Death Sum Assured |
Other than accident | Death Sum Assured | Death Sum Assured |
ELIGIBILITY
ENTRY AGE | Minimum: 3 Years |
|---|---|
MATURITY AGE | Minimum: 18 Years |
BASIC SUM ASSURED | Minimum: ₹ 40,000 |
POLICY TERM | 10/15 Years |
PREMIUM PAYING TERM | Regular – Equal to Policy Term |
PREMIUM PAYMENT MODE | Yearly, Half-yearly, Quarterly, Monthly |
MINIMUM PREMIUM | Yearly: ₹ 5,000 Half-yearly: ₹ 3,000 Quarterly: ₹ 1,500 Monthly: ₹ 500 |