Shriram Life Secure Investment (UIN: 128N048V01)
SHRIRAM LIFE SECURE INVESTMENT
Shriram Life Secure Investment (UIN: 128N048V01) is a one-time investment and insurance plan where you pay premium only once and get the dual benefit of a life insurance and investment return. This is an ideal plan to maximize the returns of your lump sum cash surplus.
KEY FEATURES
Invest once and get guaranteed maturity benefit and also life cover.
Reap the benefit of investments without the commitment of paying premiums regularly.
Tax benefits as per laws.
KEY BENEFITS
Maturity Benefits
In case of survival of the life assured up to the end of the policy term, guaranteed maturity benefit as defined below will be paid.
Maturity benefit = Guaranteed maturity benefit factor multiplied by single premium.
Death Benefits
In case of death of life assured during the policy term, sum assured on death will be paid to the nominee or beneficiary.
Sum assured on death shall be higher of :
- 125% of single premium if age is less than 45 years
- 110% of single premium if age is 45 years and above
- Guaranteed maturity benefit
ELIGIBILITY
| ENTRY AGE | Minimum 30 Days ^ Maximum 60 Years (Age last birthday) |
|---|---|
| MATURITY AGE | Maximum 65 Years (Age last birthday) |
| SUM ASSURED | Minimum Rs. 49,600 / Rs. 77,000 5 / 10 yr term Maximum Subject to underwritten policy. |
| POLICY TERM (YRS) | 5 / 10 Yrs (Fixed) |
| MINIMUM ANNUAL PREMIUM | Rs. 40,000 / Rs. 50,000 5 / 10 Yrs) |
| PREMIUM PAYING TERM | Single |