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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.
Shriram Life Assured Advantage is a simple savings plan especially designed to help you meet your goals by paying single premium.
Depending on your financial plan you may decide the amount of money you want to pay as premium.
Your lump sum maturity amount is calculated on the basis of single premium, your age and other risk factors.
Maturity Sum Assured = Maturity Benefit Factor X Single Premium (excluding taxes)
Maturity Benefit Factor (as a % of Single Premium)
|Age\Option||Option 1||Option 2|
Ramesh is a 30 year old married man, he recently gained Rs 3,00,000 as an annual dividend from his company. He is looking for an investment option where he receives guaranteed return along with financial security to his family
Ramesh decides to save and grow his earning in Shriram Life Assured Advantage, he pays a single premium of Rs 3,00,000 + applicable taxes . He opts for Option I where his Sum Assured is Rs 30 lakh.
Let us look at the benefit he receives
In case of an unfortunate event how his family will be financially secured?
Before you buy - You should know
You will get higher return (% of premium) depending upon your single premium amount.
|Premium band||Option I||Option II|
|Up to Rs.99,999|
|Rs. 1,00,000 to Rs. 2,99,999||+ 7.0%||+ 6.5%|
|Rs.3,00,000 to Rs.9,99,999||+ 11.5%||+ 10.5%|
|Rs. 10,00,000 and above||+ 13.0%||+ 12.0%|
If a 30 year old customer invests Rs. 10 lakh + taxes in Option II, his maturity amount will increase by 12% of Single Premium.
The total payout that he will receive is = 198.96% + 12% = 210.96% of 10 lakh. = Rs. 21,09,600
Refer to the brochure for age wise maturity amount.
You may chose to surrender the policy before the maturity date and get surrender value. We recommend you to not to use this option as you may lose benefits from the policy.
The value of this plan is realised when you remain committed to your goals.
✓ Please provide accurate personal and health details in the proposal form.
✓ Read the policy document carefully as and when you receive the document.
✓ Always get in touch with your nearest branch, Customer Care for any service request or query.
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