Shriram Life

Genius Assured Benefit Plan

Because you want the best for your child

'You give them wings, we help them fly'

About the Plan

As parents we aspire to provide what is best for our child’s future. We work hard for our family’s well-being and to provide for our child’s aspirations. We support our children in every possible ways so that they can live a healthy and happier life.

We know that our decisions today will help in shaping future of our children. We earn and save money for difficult times and for future milestones, but have you ever imagined what will happen to your family and to your child in your absence. Have you planned for such uncertainties?

We understand your need of security and savings for your loved ones and we now present a customized solution, Shriram Life Genius Assured Benefit Plan (UIN 128N068V02). This plan ensures peace of mind by providing guaranteed financial assistance to your child and your family.

Why SLIC’s Genius Plan

  • Guaranteed benefits

  • Maturity benefit that suits your child’s higher education dream.

  • Comprehensive life insurance cover.

  • Flexibility in receiving Education Support Benefit on maturity.

  • Auto Cover

  • Additional protection through Riders


Maturity Benefit

In case of survival of the life assured up to the end of the policy term, provided the policy is in force, the following benefits will be paid:

  • Sum Assured plus

  • Education Support Benefit

The Education Support Benefit shall be paid as per the option (Flat Payout/Increasing Payout) chosen by the policyholder at inception of the policy. This option cannot be changed during the policy term.

There is no option to take the benefits under Education Support Benefit in lump sum.

Death Benefit

In case of death of the life assured within the policy term, provided the policy is in force, “Death Sum Assured” will be paid to nominee.

The policyholder can choose any of the following options for payment of death benefit.

  • Lump sum option
  • Installment option

This option shall be chosen at the time of proposal only and cannot be changed during the policy term. Child nominee is not compulsory in this plan.



18 Yrs


45 Yrs

(As on last birthday)



63 Yrs

(As on last birthday)



2 Lakhs

(No Maximum limit subject to Board approved underwriting policy)



10 Yrs – 18 Yrs

10 Yrs


  • Yearly
  • Monthly (NACH only)




(Annual Payment)

(No Maximum limit subject to Board approved underwriting policy)

You Should Know

What you need to know before you invest in an endowment plan for your child

  • Things to consider

    Things to consider – Number of years your child has to graduate, his current interests, your risk appetite in terms of whether you choose an equity-linked plan, premium waivers (which can be important in case of sudden death, and bonus payouts are all things you need to think about before choosing a child plan.

  • What can you do?

    Once you have identified your child’s needs and the corpus required, you can research and find the best plan. After you have found a plan that works, you can customize it to suit your needs. Do remember, the most expensive plan is not necessarily the best one.

  • What are potential expenses?

    Your child’s education and marriage are likely to be at the top of your mind when you think of the future. However, in today’s day and age, one must take into account expenses for extracurricular activities, exchange programs abroad, healthcare, travel, technology and most importantly inflation.

  • How else can you protect your child?

    When it comes to saving for your little one, a child plan is just one of the many things you can do. A term plan can offer your child additional security in the eventuality of your death. An endowment plan can help you save and protect at the same time. A Cancer Care Plan can help prepare for life’s uncertainties thereby keeping funds you have saved for your children intact.

Riders Information

You can opt any of the following Riders by paying additional premium.

Accident Benefit Rider (UIN 128B001V03)

In case of death or total and permanent disability due to accident during the rider term, we will pay 100% of the rider sum assured. Also, if the life assured becomes totally and permanently disabled in an accident, we will waive off all the future premiums under the policy.

Shriram Critical Illness Cover Rider (UIN 128B010V03)

If you are diagnosed to be suffering from any of the 6 specified Critical Illnesses, we will pay 100% of the rider Sum Assured on survival of 30 days following the date of first instance of confirmed diagnosis.


  • For more details on the risk factors and the terms and conditions please read the sales brochure and/or sample policy document on our website carefully and/or consult our advisor before concluding the sale

  • Tax benefits are subject to change as per tax laws. Please consult your tax consultant on tax benefits

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