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Shriram Life Assured Income Plus Premium Components
As the Shriram Life Assured Income Plus is an endowment assurance policy, it provides you with the double benefit of insurance and savings. Thus, the premium that you pay consists of up to three components:
Insurance
This portion of the premium goes towards life insurance coverage to financially protect your loved ones in case of an unexpected demise.
Savings
This portion of the premium goes towards savings that allow you to reap maturity benefits after the policy term
Accident Benefit Rider (Add-ons)
An additional benefit will be paid if the insured meets their demise or becomes permanently disabled in an accident. Moreover, future premiums will be waived in cases of permanent or total disability.
Family Income Benefit Rider (Add-ons)
In case of accidental demise or permanent or total disability, 1% of the rider sum assured will be paid monthly for 10 years or until the end of the rider term, whichever is higher.
Shriram Extra Insurance Cover Rider (Add-ons)
An additional benefit will be paid if the life insured passes away during the policy term.
Shriram Life Critical Illness Plus Rider (Add-ons)
An additional lump sum benefit will be paid if the insured suffers from any of the 24 critical illnesses covered under the rider.