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Shriram Life New Shri Raksha (UIN: 128N052V01)

Shriram Life New Shri Raksha (UIN: 128N052V01)

SHRIRAM LIFE NEW SHRI RAKSHA

Shriram Life New Shri Raksha (UIN: 128N052V01) is a non linked participating plan that offers dual insurance cover during the term. The plan also provides for a whole life insurance cover after the policy term apart from sum assured on survival at maturity. The premiums paid towards this policy will be returned on maturity.

KEY FEATURES

Twice the basic sum assured on death to offset monetary losses.

Additional basic sum assured on death after the policy term.

Reversionary Bonus to enhance your savings and life cover.

KEY BENEFITS

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Maturity Benefits

In case of survival of the life assured up to the end of the policy term and all the due premiums have been paid, the sum assured plus accrued reversionary bonuses plus terminal bonus (if any) will be paid.

accident-benefit-rider.

Death Benefits

In case of death of the life assured during the policy term, provided all the due premiums have been paid until the date of death, Sum assured on death plus Accrued Reversionary Bonuses plus Terminal Bonus, if any are paid to the nominee or beneficiary.

However the death benefit will be at least 105% of all premiums paid till the date of death excluding any extra and rider premiums and taxes.

The policy will not accrue any future bonuses after death.

required for retirement

Extended Benefits

In case the life assured survives the policy term, the insurance cover will continue till the life assured attains age of 100 years. In case of death during this period or survival upto the age of 100, one basic sum assured will be paid. This is an extended benefit payable after the policy term and the policy will not participate in profits after the policy term.

ELIGIBILITY

ENTRY AGE Minimum 18 Years Maximum 55 Years (Age last birthday)
MATURITY AGE Maximum 75 Years (Age last birthday)
SUM ASSURED Minimum Rs. 1.5 Lakhs Maximum Subject to underwritten policy.
PREMIUM AND CORRESPONDING POLICY PAYMENT TERM (YRS)
10  10
15  10,15
20  10,20
25  110, 15, 25
PREMIUM PAYMENT MODE Yearly Half-yearly Monthly Quarterly

RIDERS (ADD ONS)

NameDescription
Accident Benefit Rider

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

Extra Insurance Cover

Provides additional life cover against the payment of extra premium.

Critical Illness Cover

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

Family Income Benefit

Provides additional protection to the family for a nominal premium.

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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.”

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