SHRIRAM SMART SURAKSHA CARD - Suraksha apni jeb mein
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SHRIRAM SMART SURAKSHA CARD - Suraksha apni jeb mein
Shriram Life Insurance Company presents Shriram Life Assured Advantage Plus (UIN 128N084V03). An Endowment Plan where you have to pay premium only once and get dual benefits of Life Insurance and Guaranteed# Returns on Maturity.
This plan offers 2 options –
Option I : Life Cover is 10 times of Single Premium
Option II : Life Cover is 1.25 times of Single Premium
We all want our savings to grow over a period of time and help us in fulfilling our dreams. Be it your child’s education/wedding or buying your dream car or a long family vacation abroad- put your trust in Shriram Life Insurance as, through Assured Advantage Plus, we insure you for uncertainties of life and provide you with Guaranteed# Returns in Lump Sum or in installments depending on your needs at that time. This plan ensures that dreams which you see for your family are not compromised even in your absence.
The customer has 3 Payout Options to claim his Maturity Benefit –
Lump Sum on maturity date; Or
Annual Income for 10 years starting from maturity date; Or
Monthly Income for 120 months starting from maturity date
Under Option I and II:
In case of death of the life assured during the policy term, “Death Sum Assured” will be paid in lump sum to the nominee(s) or beneficiary (ies) and the policy is terminated.
Under Option II:
The nominee(s) or beneficiary (ies) also have an option to receive the death proceeds in annual or monthly instalments and can change the option before the first instalment of death proceeds is paid.
“Death Sum Assured” is defined as highest of –
Where
Basic Sum Assured is equal to 10 times the single premium for Option I and 1.25 times the single premium for Option II.
Guaranteed Maturity Sum Assured is discounted value of the amount which is equal to the Single Premium multiplied by Maturity Benefit Factor payable in instalments using interest rate of 6.7% p.a.
A customer aged 30 years who pays a single premium of ₹ 3,00,000 at the inception of the policy can choose any one of the following options:
| Total Premium Paid | Total Maturity Benefit | Death Benefit during policy term | |
|---|---|---|---|
| Option I | |||
| A) Lump Sum | 3,00,000 | 4,35,959 (On maturity) |
30,00,000 |
| B) Annual Income Option | 3,00,000 | 5,73,630 (In 10 Annual Instalments) |
30,00,000 |
| C) Monthly Income Option | 3,00,000 | 5,90,640 (In 120 Monthly Instalments) |
30,00,000 |
| Option II | |||
| A) Lump Sum | 3,00,000 | 4,86,552 (On maturity) |
4,86,552 |
| B) Annual Income Option | 3,00,000 | 6,40,200 (In 10 Annual Instalments) |
4,86,552 |
| C) Monthly Income Option | 3,00,000 | 6,59,160 (In 120 Monthly Instalments) |
4,86,552 |
Option I
Minimum
8 Years ^
Maximum
40 Years
Option II
Minimum
8 Years ^
Maximum
60 Years
55 Years
for POS Policies
(Age last birthday)
Option I
Minimum
18Years ^
Maximum
50 Years
Option II
Minimum
18Days ^
Maximum
70 Years
(Age last birthday)
Option I
Minimum
₹ 10 Lakhs
Maximum
No Limit*
₹ 10,00,000(POS)
Option II
Minimum
1.25Lakhs
Maximum
No Limit*
₹ 7,85,451 (POS)
Maximum Sum Assured for POS is subject to Board approved underwriting policy and maximum Death Sum Assured of Rs. 10,00,000
10Years
Single
Minimum
₹ 1 Lakh
Maximum
No Limit*
Subject to Board approved underwriting policy
₹ 1 Lakh(POS)
Option I : Rs.1,00,000(POS)
Option II : Rs.6,28,321(POS)
Subject to Board approved underwriting policy and maximum Death Sum Assured of Rs. 10,00,000
(excluding GST)
Click this link to calculate you premium.
1.Decide the Single Premium you wish to pay
2.Decide Plan Option (Option I / Option II)
3.Decide how you want the Maturity Benefit
You can opt any of the following Riders by paying additional premium. The riders can be opted at inception of the policy only.
In case of death or total and permanent disability due to accident during the rider term, we will pay 100% of the rider sum assured.
In the event of accidental death or if the life assured becomes totally and permanently disabled due to an accident within the rider term, 1% of rider sum assured is payable every month immediately from the end of month of accident for a guaranteed period of 10 years or till the end of the rider term whichever is higher.
In case of death of the life assured during the rider cover term, sum assured under rider will be paid to the nominee.
If you are diagnosed to be suffering from any of the 24 specified Critical Illnesses, we will pay 100% of the rider Sum Assured on survival of 30 days following the date of first confirmed diagnosis. This rider also gives you an upside of increments in your rider Sum Assured through Loyalty Additions.
Disclaimers:
#Provided all the premiums are paid and the policy is in force.
^Risk cover starts from date of commencement of policy for all lives including minors. In case of a minor life, the policy will vest in the Life Assured on attainment of age 18 years.
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.
IRDAI Regn No. 128
CIN: U66010TG2005PLC045616
BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRADULENT OFFERS
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
The Trade Logo displayed above belongs to Shriram Value Services Limited (“SVS”) and used by Shriram Life Insurance Company Limited under a License agreement.”
ARN – SLIC/Content/Jan 2021/54
