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

(Age last birthday)

MATURITY AGE

Maximum

70 Years

(Age last birthday)

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

(The sum assured under the rider shall not exceed the sum assured under the base policy)

PREMIUM PAYMENT MODE

  • Yearly
  • Half-yearly
  • Quarterly
  • Monthly
(Applicable as per Base Plan)

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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