SHRI LIFE is a participating life insurance plan that combines security and savings. 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 | 12 Years |
| Maximum age at entry | 65 Years |
| Maximum age at maturity | 75 Years |
| Minimum Policy Term
|
7 Years
|
| Maximum Policy Term | 25 Years |
| Minimum Sum assured | Rs- 50,000 |
Note – The policy can be taken for a sum assured based on a fixed premium subject to a minimum sum assured of Rs-50,000 for the appropriate age and term.
Benefits –
On death during the policy term –
Sum assured along with vested bonuses will be paid and the policy comes to an end.
On Survival up to the end of policy term –
Sum assured along with vested bonuses will be paid.
Bonus –
Simple reversionary bonus will accrue 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 |
Possibly Related Posts:
- Shri Sahay (SP) | Eligibility
- Shri Sahay (AP) | Eligibility
- Shriram Credit Shield | Key Features | Eligibility
- Shriram JanaSuraksha | Eligibility | Benefits
- Shriram Akshay Nidhi |Key Features | Eligibility
- Shriram Immediate Annuity Plan | Eligibility
- Shri Suraksha | Eligibility | Benefits
- Shri Vivah | Eligibility | Benefits
- Shri Laabh | Eligibility | Benefits
- Shri Vidya | Eligibility | Benefits