Shriram New Shri Life Plan (UIN-128N047V01) is a non-linked participating endowment plan. Besides being a systematic savings option, the plan acts as a reliable protection tool to your family in the event of an accident/calamity. The potential upside of reversionary bonuses accumulated into your life cover year after year and the maturity benefit add value to the Plan.
Life cover and reversionary bonuses.
Limited, Regular and Advanced premiun(at discount) pay options.
Attractive sum, assured rebates.
Tax benefits as per tax laws.
Option to receive benefits in installments with the addition of interest.
Additional protection through riders.
In case of death of the life assured, during the policy term and provided all the due premiums have been paid, till the date of death the sum assured on death including accrued reversionary bonuses (if any) and terminal bonus (if any) will be paid to the nominee or beneficiary.
However, the Death benefit will be at least 105% of all the premiums paid, excluding any extra, rider premium and taxes.
PREMIUM AND CORRESPONDING POLICY PAYMENT TERM (Yrs)
5, 7, 10, 15
5, 7, 10, 20
5, 7, 10, 15, 25
PREMIUM PAYMENT MODE
- Half yearly
RIDERS (ADD ON’S)
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.
Family Income Benefit
Provides additional protection to the family for a nominal premium.
For more details on the risk factors , terms and conditions please read the sales brochure and/ or sample policy document on our website carefully, and/ or consult our advisor.
Tax benefits are subject to change as per tax laws. Please consult your tax consultant on tax benefits.