Bimadeals » Shriram Life Insurance

Shri Sahay (SP) | Eligibility

bhavana — Mon, 13 Dec 2010 09:20:49 +0000

Shri Sahay (SP) is a micro insurance plan that will give life cover for socially weaker section.

Socially weaker section includes self employed workers such as agricultural laborers, bidi workers carpenters etc, and persons who live below the poverty line.

Eligibility –

Condition	Limit
Minimum age at entry	18 years age last birthday
Maximum age at entry	60 years age last birthday
Maximum age at maturity	65 years age last birthday
Minimum Policy Term	5 years
Minimum Sum assured	5000/-
Maximum Sum Assured	50,000/-

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Shri Sahay (AP) | Eligibility

bhavana — Mon, 13 Dec 2010 08:57:45 +0000

Shri sahay-AP is an annual premium group insurance plan that will give life cover for socially weaker sections of population.

Socially weaker section includes self employed workers such as agricultural laborers, bidi workers carpenters etc, and persons who live below the poverty line.

Eligibility –

Condition	Limit
Minimum age at entry	18 years age last birthday
Maximum age at entry	60 years age last birthday
Maximum age at maturity	65 years age last birthday
Minimum Policy Term	5 years
Maximum Policy Term	15 years
Minimum Sum Assured	5000/-
Maximum Sum Assured	50,000/-

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Shriram Credit Shield | Key Features | Eligibility

bhavana — Mon, 13 Dec 2010 08:29:59 +0000

Shriram credit shield group insurance product is basically for loan providers who will be the master policyholder, to protect against default of payment of loan by their customer in case of their untimely death.

Key Features –

- It is decreasing term assurance group product. The sum assured is the outstanding loan amount at the beginning of every month as per the loan schedule provided at the time of taking the loan.

- The death benefits would be equal to the loan outstanding at the beginning of the month of death as per the loan schedule and is paid immediately to the loan provider.

- The premium benefit is paid only once i.e at the time of taking the loan by the loan provider on behalf of its members.

- There is no survival benefit under this product.

- In case of foreclosure or transfer of the loan to other company/financial institution life cover will cease and the proportion of the premium which equal would be refunded to the member.

- Declaration of good health required for all members as per the proposal form.

- Free cover limit : To the extent of the loan amount, subject to the maximum of Rs- 10,00,000 provided the members declaration of good health, does not reveal any adverse medical factors if any adverse medical factor is observed, medical report together with special reports as per the company’s rule have to be submitted.

Eligibility –

Condition	Limit
Minimum age at entry for the member	20 years
Maximum age at entry for the member	55 years
Maximum age at maturity for the member	65 years
Minimum Policy Term	3 years
Maximum Policy Term	10 years
Minimum sum assured/loan amount cover	50,000
Maximum sum assured/loan amount cover	Subject to underwriting conditions
Minimum group size	1000 members
Frequency of payment	Single premium
Entry to the scheme	From the 1^st of the month following the date of taking loan
Exit from the scheme	Only after the loan period is over or early repayment of the loan, whichever is earlier.

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Shriram JanaSuraksha | Eligibility | Benefits

bhavana — Mon, 13 Dec 2010 07:37:06 +0000

It is a one year Renewable Group Term Assurance plan that assures payment of sum assured upon death.

Eligibility –

Group Size	Free Cover Limit
Up to 200 members	1.1 times the average sum assured
201 to 500 members	1.15 times the average sum assured
501 to 1000 members	1.20 times the average sum assured
1001 and above members	1.25 times the average sum assured

Benefits –

Condition	Limit
Minimum age at entry	14 years age last birthday
Maximum age at entry	65 years age last birthday
Maximum age at maturity	66 years age last birthday
Policy Term	1 years
Mode of premium payment	Annual renewable premiums
Minimum Sum assured	Rs.10,000 or 20 times the salary whichever is higher for employee- employers group Rs-10,000 for members of associations if they are non salaried. Rs-5000 for members of social sector groups. Depends on underwriting considerations. Minimum group size 100 member

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Shriram Akshay Nidhi |Key Features | Eligibility

bhavana — Mon, 13 Dec 2010 06:15:54 +0000

It is a regular premium money back policy with participation in profits. Premiums are payable at regular intervals during term of the policy. This plan comes with full insurance protection throughout the term of the policy, irrespective of survival benefits paid.

Key Features –

- Flexible premium payment in 3 different modes yearly, half yearly and quarterly.

- Periodic survival benefits.

- Option to choose a term that suits your needs.

- Death benefits are full sum assured at any point of time during the term of the policy.

- Participation in the profits of the company by receiving bonus.

- Option to choose accident benefits rider along with base plan.

Eligibility –

Condition	Limit
Minimum age at entry	7 years last birthday
Maximum age at entry	60 years last birthday
Maximum age at maturity	75 years
Minimum Policy Term	15 years or 20years (fixed)
Basic Sum assured	Rs- 1,00,000

Payment –

Payment Mode

Rebate

Yearly

Half- Yearly

1.5% of the tabular premium as rebate

0.75% of the tabular premium as rebate

Rebates –

Sum Assured	Rebate
Rs.100,000 to Rs.1,99,000	NIL
Rs.2,00,000 to Rs.2,99,000	Rs.2per thousand
Rs.3,00,000 & above	Rs.3per thousand

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Shriram Immediate Annuity Plan | Eligibility

bhavana — Mon, 13 Dec 2010 05:57:35 +0000

It is a single premium without profits annuity plan that provides a series of payment at regular intervals as long as the policyholder survives and returns the purchase price upon death of the nominee.

Eligibility –

Condition	Limit
Eligibility	Persons age between 40 and 75 years at last birthday
Minimum purchase price	Rs.50000/-
Maximum purchase price	No Restrictions
Benefits	Annuity will be payable till the annuitant is alive and the purchase price will be returned upon death without interest.
Mode of annuity payment	At the end of a year, half year or quarter after the purchase of annuity.

Paid up Value –

The policy does not acquire any paid up value.

Surrender Value –

The policy does not acquire any surrender value.

Loans –

No Loans will be granted under the policy.

Free lock Period –

If you are not satisfied with the Terms & condition of the policy, the policy can be returned to the company within 15 days of receipt together with a request for cancellation. However, the company reserves the right to deduct stamp duty expense incurred by the company for issue of the policy.

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Shri Suraksha | Eligibility | Benefits

bhavana — Sat, 11 Dec 2010 05:19:31 +0000

Shri suraksha is an increasing and without profits term assurance plan that gives life cover for individuals. The premium is payable annually and life cover will be available after one year from the date of acceptance of the policy up to end of the term.

Eligibility –

Condition	Limit
Minimum age at entry	25 years
Maximum age at entry	45 years
Maximum age at maturity	60 years
Minimum Policy Term	60 Years age at entry
Basic Sum assured	Rs- 1,00,000
Sum assured payable on death	Rs- 1,00,000 increased by Rs.5000 completed policy year up to a maximum sum assured of Rs-2,00,000

Benefits –

If life assured dies after one year from the date of acceptance of the policy, but before the end of the policy term –

Sum assured defined above will be payable in 12 equal monthly installments from end of the month of death.

If this assured dies due to accident or total permanent disability occurs due to accident at any time before end of the policy term –

If death of total permanent disability occurs due to accident at any time before end of the policy term, an additional benefits of 50% of sum assured will be payable in 12 monthly installments from the end of the month of death or total permanent disability.

The policy will continue till the end of the policy term after paying the disability benefit. The policyholder has to pay the premium as per the contract and the policyholder shall be entitled to death benefit in case if he dies before the end of the policy term.

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Shri Vivah | Eligibility | Benefits

bhavana — Fri, 10 Dec 2010 11:38:58 +0000

Shri vivah is a regular premium plan with participation in profits. This life insurance plan provides financial support at the time of marriage of the children. The premium is payable at regular intervals during the TERM of term of the policy. Life Cover will be available throughout the policy term.

Eligibility –

Condition	Limit
Minimum age at entry	18 years
Maximum age at entry	50 years
Maximum age at maturity	75 years
Minimum Policy Term	7 Years
Maximum Policy Term	25 Years
Minimum Sum assured	Rs- 50,000

Benefits –

On death of life assured during the policy term –

Sum assured and vested bonuses, will be paid and 1 % of the sum assured will be paid monthly till the end of the policy term. Further one sum assured will be payable at the end of the policy term.

Our survival of life assured up to the end of policy term –

Sum assured along with vested bonuses will be paid.

Bonus –

Simple reversionary bonus will accure during the policy term.

Payment –

Payment Mode

Rebate

Yearly

Half- Yearly

1.5% of the tabular premium as rebate

0.75% of the tabular premium as rebate

Rebates –

Sum Assured	Rebate
Below Rs-100,000	NIL
Rs.100,000 to Rs.1,99,000	Re.1 per thousand
Rs.2,00,000 to Rs.2,99,000	Rs.2per thousand
Rs.3,00,000 & above	Rs.3per thousand

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Shri Laabh | Eligibility | Benefits

bhavana — Fri, 10 Dec 2010 11:08:40 +0000

Shrilaabh is a participating life insurance plan that combines security and savings. The premium is payable only once but life cover will be available throughout the policy term.

Eligibility –

Condition	Limit
Minimum age at entry	12 years age last birthday
Maximum age at entry	65 years age last birthday
Maximum age at maturity	75 years age last birthday
Minimum Policy Term	5 Years
Maximum Policy Term	25 Years
Minimum Sum assured	Rs- 20,000

Benefits –

On death of life assured during the policy term –

Twice the sum assured along with vested bonuses will be paid and the policy comes to an end.

On survival of life assured up to the end policy term –

Sum assured along with vested bonuses will be paid.

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Shri Vidya | Eligibility | Benefits

admin — Fri, 10 Dec 2010 10:41:37 +0000

Shri vidya is a participating life insurance plan that provides security for the child’s education. The premium is payable at regular intervals during the term of the policy. Life cover will be available throughout the policy term.

Eligibility –

Condition	Limit
Minimum age at entry	18 Years
Maximum age at entry	50 Years
Maximum age at maturity	70 Years
Minimum Policy Term	10 Years
Maximum Policy Term	20 Years
Minimum Sum assured	Rs- 50,000

Benefits –

On death during the policy term –

Sum assured and vested bonuses will be paid and 1% of the sum assured will be payable monthly till the end of the policy term.

Guaranteed Benefits –

25% of the sum assured will be paid at the end of each year during the last four consecutive years of the policy term if the life assured dies or survives the term i.e at the end of n-3,n-2 and n years, where n is the policy term.

On survival up of the end of the policy term –

Vested bonus will be paid at the end of the policy term.

Bonus –

Simple reversionary bonus will accure during the policy term.

Payment –

Payment Mode

Rebate

Yearly

Half- Yearly

1.5% of the tabular premium as rebate

0.75% of the tabular premium as rebate

Rebates –

Sum Assured	Rebate
Below Rs-100,000	NIL
Rs.100,000 to Rs.1,99,000	Re.1 per thousand
Rs.2,00,000 to Rs.2,99,000	Rs.2per thousand
Rs.3,00,000 & above	Rs.3per thousand

Know about more plans – Shriram Life Insurance

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