Shriram Extra Insurance Cover Rider
A Non-Linked Non-Participating Term Rider
UIN-128B009V03
This rider gives you additional life cover to provide for your financial commitments towards your family in your absence.
This Rider can be chosen by the policyholder along with the base plan for a nominal premium*, either at inception of the policy or at policy anniversary, provided that it meets the eligibility conditions.
*Subject to the condition that the premiums under all life insurance riders put together shall not exceed 30% of the base plan premium.
Plan Eligibility
ENTRY AGE
Minimum
18 Years
Maximum
65 Years
MATURITY AGE
Maximum
70 Years
POLICY TERM
Minimum
5 Years
Maximum
52 Years
PREMIUM PAYMENT TYPE
Regular
Limited
Single
PREMIUM PAYMENT TERM
RP: Same as Policy Term
LP: 5 to 51 years
SP: Single
SUM ASSURED
Minimum (₹)
₹ 50,000
Maximum (₹)
₹ 25,00,000
PREMIUM PAYMENT MODE
- Yearly
- Half-yearly
- Quarterly
- Monthly
BENEFITS UNDER THE RIDER*
Maturity Benefits
No maturity payable
Death Benefits
In case of death of the life assured during the rider cover term, Sum Assured under the rider is payable to the nominee.
*Provided the base policy is in force. The rider benefit will cease immediately if the base plan is terminated or discontinued. The rider benefit will also cease when a claim is paid.
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
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