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 |
Possibly Related Posts:
- Shri Sahay (SP) | Eligibility
- Shri Sahay (AP) | Eligibility
- Shriram Credit Shield | Key Features | Eligibility
- Shriram JanaSuraksha | Eligibility | Benefits
- Shriram Immediate Annuity Plan | Eligibility
- Shri Suraksha | Eligibility | Benefits
- Shri Vivah | Eligibility | Benefits
- Shri Laabh | Eligibility | Benefits
- Shri Vidya | Eligibility | Benefits
- Shri Raksha | Eligibility | Benefits
Tags: Insurance, Shriram Life Insurance