Savings Life Insurance Plans

We might have a sufficient income to live our life comfortably but to ensure that we lead an equally hassle-free life we need to save our income judicially. With changing time, our needs also increase. Constantly increasing inflation, expenses of our growing children, probable illness of old age along with various situations which might occur in future; it becomes even more important to save a definite amount of our income.


images

Shriram Life Genius Assured Benefit Plan

Shriram Life Genius Assured Benefit Plan is a traditional plan where all the benefits are guaranteed. This plan offers a unique blend of life insurance and maturity benefit by paying premium for 10 years. This plan is ideal for you if you are looking for complete protection of your family and providing financial support to your child's dream.
Plan Details



images

Shriram Life Assured Advantage

Shriram Life Assured Advantage is a traditional plan where all the benefits are guaranteed. This plan offers a unique blend of life insurance and lump sum endowment by paying only once.
Plan Details



images

Shriram New Shri Life Plan

Shriram New Shri Life Plan (UIN-128N047V01)is a non linked participating endowment plan. Besides being a systematic savings option, the plan acts as a reliable protection tool to your family in case of any adverse mishap to you. Shriram New Shri Life Plan is ideal because of the potential upside of reversionary bonuses which may be added to your life cover year by year and also the meturity benefit.
Plan Details



images

New Shri Vidya

Shriram New Shri Vidya Plan (UIN-128N051V01) is designed for you to make your child's aspirations come true. The Plan offers survival benefits to adjust according to your child's education requirements and also insurance cover in case of any unfortunate event happens to you.
Plan Details



images

New Shri Vivah

Wedding is an auspicious and lifetime event which brings joy and hapiness in one's life. To make it more memorable and happiest event, it has to be well planned and properly financed. We understand this responsibility of yours and stand beside you with our Shriram New Shri Vivah Plan.
Plan Details



images

Shriram New Shri Raksha Plan

Shriram Life New Shri Raksha Plan (UIN-128N052V01) is a non linked participating plan which offers double insurance cover during the term. The Plan also provides for whole life insurance cover after the policy term apart from sum assured on survival at maturity. At the same time the premiums paid twards this policy will be returned on maturity.
Plan Details

Savings Insurance Plans:

We might have a sufficient income to live our life comfortably but to ensure that we lead an equally hassle-free life we need to save our income judicially. With changing time, our needs also increase. Constantly increasing inflation, expenses of our growing children, probable illness of old age along with various situations which might occur in future; it becomes even more important to save a definite amount of our income.

For a secure and a comfortable life, it is crucial to have a saving insurance plan. Saving Plans come in various kinds, offering consumers the freedom to choose a plan which suits them the most.

Primary Types of Saving Insurance Plans:

Depending on factors such as financial risks, inflationary factors, varying financial instruments, available time for tracking your investment, you can select either a traditional or a ULIPs plan.

Traditional Endowment Plans: These are the regular saving plans, which offer bonuses to investors. These are considered to be one of the safest plans. These plans help in building a corpus and also ensure maturity benefits. Here you get the equivalent returns for your deposit along with risk cover and add-on riders, assisting you in emergency such as in case of an unanticipated situation.

Unit Linked Insurance Plans (ULIPs): One of the best long term investment plans, ULIPs offer investors an opportunity to benefit the market linked returns as well as enjoy an added life cover. It is one of the easiest ways for a consumer to enter the stock market, at the same time avail tax benefits which are offered with these products. While choosing ULIPs, consider transparency and the flexibility, depending on the risk profile.

Investors can also choose from following two types of plans:

Money-back Plans: An endowment plan, money-back plans are most effective if you are keen on building large sum of funds at regular intervals. These come handy for those who would like to save for certain purposes at various point of time in their life, for instance for buying various assets. It provides investors with periodic funds payout.

Child Plans: Child Plans are suitable when parents intend to build a monetary protection for their children. These plans help investors to fulfill their child's future needs such as education and wedding, by providing them with an opportunity to create an asset for their child.


Why a Saving Insurance Plan?

Savings Plans presents a reliable tool for increasing your funds and in turn offering a life cover to its consumers. Below are a few reasons to why one should opt for a Saving Insurance plan:

  • It is one of most secured and systematic way of increasing your assets and in turn fulfilling your life dreams.
  • It safe-guard your investments as well as take care of the changing markets conditions.
  • You get better returns for your savings
  • Assist you in the times of needs. You can cater to all your requirements with the maturity amount you receive.
  • Flexibility of the plan allows you to choose an investment period as per your choice; allowing you to fulfill
  • Your specific requirements at the right time.
  • Savings plans usually have the minimum charges and thus offer you maximum benefits as well as flexibility for cash withdrawal.

How to choose a savings plan:

  • Consider all your financial goals and then choose the plan; decided whether you want a long term or short term plan.
  • Carefully evaluate and keep a balance between risks factors and the returns you will receive; distribute amount properly between the two.
  • Choose a plan which provides you a cover as long as you want and also provides you with enough bonuses and other added benefits.
  • Learn about the various characteristics of the plans before selecting one. For instance, decided whether you want partial withdrawal without letting off the entire policy or want to take the amount only at the time of maturity with all the bonuses and benefits and then opt for one suiting you.

Best time to choose:

There is no particular time to opt for a saving plan. However, it is better to start as early as you can, which ensure a bigger amount of returns. It is also advisable to motivate kids to start saving.

Things to be careful of:

  • Avoid burdening your present financial situation by over investing. Carefully assess your monetary requirements, based on which select the investment amount. Sometimes, investing more than you can comfortably afford can lead to cancellations which in return lead to penalties.
  • Decide the investment tenure, whether you want a mid-term or a long term investment. Evaluate all the probable factors. While finalizing on a plan do keep in mind the inflationary factors so as to get your expected returns.

Renew Online

Now, Pay your Policy Premium Online through Credit / Debit Card or Netbanking.

Call Us @

1800-3000-6116


Careers


Awards & Achievements

+

Branches

+

Customers

+

Revenue in Cr

+

Total Number Of Lives