This Plan is Closed for Sale (Serviced by Customer Service)
Shriram Guaranteed Wealth Preserver (UIN: 128N055V01) 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
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Death Cover 10X Single Premium.
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Guaranteed Maturity Benefit and Life Insurance Cover.
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No commitment of paying premiums regularly.
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Policy term: 5 years / 10 years / 15 Years.
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Additional Protection through riders.
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Tax benefits as per tax laws.
KEY BENEFITS
Maturity Benefits
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.
Death Benefits
“Death sum assured” is defined as highest of:
- 125% of single premium for ages less than 45, 110% of single premiums for ages 45 and above.
- Sum assured.
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Maturity sum assured.
where Sum assured = absolute amount assured to be paid on death which is 10 times the single premium.
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 Yrs
Maximum
40 Yrs
MATURITY AGE
Minimum
18 Yrs
Maximum
55 Yrs
Policy Term
5 / 10 / 15 Yrs
Premium Paying Term
Single
Premium
Minimum
Rs. 25,000
Maximum
No Limit*
MINIMUM SUM ASSURED
Rs. 25,000
Calculator
Click this link to calculate you premium.
RIDERS (Add Ons)
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
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For more details on the risk factors, terms and conditions please read the sales brochure and/or sample policy document on our website carefully and/or consult our advisor.
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Tax benefits are subject to change as per tax laws. Please consult your tax consultant on tax benefits.
Read the policy document here