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 |
know more about plans Shriram Life Insurance
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Tags: Life Insurance Plan, Shri Vivah, Shriram Life Insurance