Shriram Life New Shri Vivah (UIN: 128N050V01)
SHRIRAM LIFE NEW SHRI VIVAH
Wedding is an auspicious and most awaited event in ones life. To make it more memorable it has to be well planned and that includes financial planning too. Our Shriram Life New Shri Vivah (UIN: 128N050V01) gives financial support to seek during this time. The Shriram Life New Shri Vivah plan also offers adequate double life insurance cover plus regular income apart from the maturity benefits.
KEY FEATURES
Sum assured at maturity along with bonuses.
Double life insurance cover plus a stream of monthly income on death to offset monetary losses.
KEY BENEFITS
Maturity Benefits
In case of survival of the life assured up to the end of the policy term and provided all the due premiums have been paid, basic sum assured plus accrued Reversionary Bonuses and Terminal Bonus, if any, will be paid.
Death Benefits
In case of death of the life assured during the policy term, provided all the due premiums have been paid, the following benefits are paid to the nominee or beneficiary.
- Sum assured on death
- Accrued Reversionary Bonuses plus Terminal Bonus, if any, immediately on death
The accrued reversionary bonuses and the terminal bonus, if any, will be paid immediately on death. The policy will not accrue any future bonuses after death.
However the death benefit will be at least 105% of all premiums paid till the date of death excluding any extra and rider premiums and taxes.
ELIGIBILITY
| ENTRY AGE | Minimum 18 Years Maximum 50 Years (Age last birthday) |
|---|---|
| MATURITY AGE | Maximum 70 Years (Age last birthday) |
| SUM ASSURED | Minimum Rs. 1 Lakhs Maximum Subject to underwritten policy. |
| PREMIUM AND CORRESPONDING POLICY PAYMENT TERM (YRS) | 10 15 20 10 7, 10,15 7, 10,20 |
| PREMIUM PAYMENT MODE | Yearly Half-yearly Monthly Quarterly |
RIDERS (ADD ONS)
| Name | Description |
|---|---|
| Accident Benefit Rider | Provides assistance to Life Assured, in the event of permanent / total disability due to an accident. |
| Extra Insurance Cover | Provides additional life cover against the payment of extra premium. |
| Critical Illness Cover | Provides a benefit to help cover medical and rehabilitation costs associated with critical ailments. |