Security. Stability. Control... Sab aapki mutthi me!
Shriram Life presents Shriram Life Super Income Plan (128N087V02) specially designed to cater to long term financial needs of an individual & his family. These needs are fulfilled under the plan in the following ways –
Life insurance Cover till 75
Guaranteed Monthly Income till 75
Guaranteed Maturity Sum Assured
Wide range of Premium Payment Term
Flexibility to change Premium payment term
Additional protection through Riders
Super Income Benefit
In case of survival of the life assured till the end of the premium paying term, provided the policy is in force, a Super Income Benefit of fixed monthly amount will be paid from the end of the premium paying term till the end of the policy term or until death, whichever is earlier.
In case of the survival of the life assured till the end of the policy term provided the policy is in force, “Guaranteed Maturity Sum Assured” will be paid and the policy is terminated.
“Guaranteed Maturity Sum Assured” is equal to 5 times the Annualized Premium.
In case of death of the life assured during the Policy Term, provided the policy is in force, an amount equal to higher of “Death Sum Assured” or Surrender Benefit as applicable on the date of death will be paid in lump sum to the nominee(s) or beneficiary (ies) and the policy is terminated. Any Super Income Benefit paid will not be recovered from the death benefit.
Tax benefits as per prevailing tax laws. Tax benefits are subject to changes according to the tax laws from time to time; please consult your tax advisor for details.
*For more details, refer the product brochure.
75 Years (fixed)
75 minus age at entry
10 times annualised premium
10 to 25Years
No Limit, Subject to Board approved underwriting policy
You can opt any of the following Riders by paying additional premium.
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. The benefit under this rider is applicable only once during the rider term.
In the event of accidental death or if the life assured becomes totally and permanently disabled due to an accident within the rider term, 1% of rider sum assured is payable every month immediately from the end of month of accident for a guaranteed period of 10 years or till the end of the rider term whichever is higher.
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.
In case of unfortunate event of death of the life assured during the rider cover term, sum assured under rider will be paid to the nominee.