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Online Shriram Guaranteed Return Plan (UIN – 128N049V01)

Online Shriram Guaranteed Return Plan (UIN – 128N049V01)

THIS PLAN IS CLOSED FOR SALE (SERVICED BY CUSTOMER SERVICE)

Online Shriram Guaranteed Return Plan (UIN: 128N049V01) is a one-time investment and insurance plan where you pay premium only once and get the dual benefit of life cover and a guaranteed return on maturity. This is an ideal plan to maximize the returns based on your lump sum cash surplus.

KEY FEATURES

Tax benefits as per tax laws.

Guaranteed maturity benefit and life insurance cover.

No commitment of paying premiums regularly.

Choice of Premium Paying Term – Single, Limited, Regular

KEY BENEFITS

child-plan

Maturity Benefit

In case of survival of the life assured up to the end of the policy term, guaranteed maturity benefit as defined below will be paid.

Guaranteed maturity benefit = maturity benefit factor multiplied by single premium.

retirement-plan

Death Benefit

In case of death of the life assured during the policy term, Sum assured on death as defined below will be paid to the nominee or beneficiary.

“Death sum assured” is defined as highest of:

where Sum assured = absolute amount assured to be paid on death which is 10 times the single premium.

  • 125% of single premium for ages less than 45, 110% of single premiums for ages 45 and above.
  • Sum assured.
  • Maturity sum assured.

Maturity sum assured = minimum guaranteed sum assured payable on maturity which is equal to Guaranteed maturity benefit factor multiplied by single premium.

In case of death of the life assured during the policy term. “Death sum assured” will be paid to the nominee or beneficiary.

ELIGIBILITY

ENTRY AGE Minimum:3 Years
Maximum:40 Years
(Age last birthday)
MATURITY AGE Minimum:18 Years
Maximum:55 Years
(Age last birthday)
POLICY TERM 5/10/15 Years
PREMIUM PAYING TERM Single
PREMIUM Minimum:Rs.25,000
Maximum:No Limit
subject to underwriting considerations as per Board approved underwriting policy
MINIMUM SUM ASSURED Rs.25,000
Premiums will be in multiples of Rs.1000/-. Premiums are exclusive of service tax and education cess.

RIDERS (ADD ONS)

NameDescription
Accident Benefit Rider

Provides assistance to Life Assured, in the event of permanent / total disability due to an accident.

Family Income Benefit

Provides additional protection to the family for a nominal premium.

Critical Illness Cover

Provides a benefit to help cover medical and rehabilitation costs associated with critical ailments.

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Disclaimer

For more details on risk factors, terms, and conditions please read the sales brochure carefully before concluding a sale.  

*Tax Benefits:  
Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.  
You are eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time.

IRDAI Regn No: 128  
CIN No : U66010TG2005PLC045616 of the Company

The Trade Logo displayed above belongs to Shriram Value Services Limited (“SVS”) and used by Shriram Life Insurance Company Limited under a License agreement.”

BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRADULENT OFFERS

  • IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.