Shri Suraksha | Eligibility | Benefits

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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Tags: Shri Suraksha, Shriram Life Insurance