For a Better Tomorrow !!
Shriram Life Assured Advantage Plus (UIN-128N084V01) is an Endowment Plan that provides you guaranteed returns along with a life insurance cover. This is a single premium plan where you have to pay premium once and remain covered for 10 years.
Savings are essential for a stress free future, and if invested correctly in guaranteed plans, you and your loved ones are protected from the uncertainties of life.
With Shriram Life Assured Advantage Plus we bring to you the convenience of hassle free online buying experience.
Pay premium only once.
Life Insurance for 10 years.
Guaranteed returns after 10 years.
3 Maturity benefit options.
Tax benefits as per tax laws.
Higher maturity benefits for higher premium policies.
10 X Single Premium
1.25 X Single Premium
The policy holder has the option to choose from the following 3 maturity benefit options;
Annual Payout – in this case the annual instalments equal to 10% of (Single Premium multiplied by the Maturity Benefit Factor) will be paid for next 10 years starting from the date of maturity.
Monthly Payout – in this case the monthly instalments equal to 0.862% of (Single Premium Multiplied by the Maturity Benefit Factor) will be paid for next 120 months starting from the date of maturity.
Lump Sum Payout – the Guaranteed Maturity Sum Assured equal to discounted value of instalments using interest rate of 7.75% p.a. which is same as 73.12% of (Single Premium Multiplied by the Maturity Benefit Factor) will be paid on the date of maturity.
For death during Policy Term, Death Sum Assured is paid immediately to the nominee(s) or beneficiaries and the plan terminates. The death benefit shall be paid in lump sum only.
“Death Sum Assured” is defined as highest of
If the life assured dies after commencement of the instalments, the outstanding annual/monthly instalments (i.e. from the date of death to the last instalment to be paid) will continue to be paid to the nominee(s) or beneficiary
Please read the policy document and the product brochure for more details
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.