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Shriram Life Early Cash Plan
What is Shriram Life Early Cash Plan?
Presenting Shriram Life Early Cash Plan (UIN: 128N093V04) is a non-linked participating individual Savings life Insurance Plan, a plan that combines the much-needed life insurance protection with cash bonus assured at minimum 2% p.a.of Sum Assured for non whole life policies and 1% p.a. of sum assured for whole life policies, payable throughout the policy term, starting from end of 1st policy month, minimum assured benefits on maturity, option to accumulate cash bonuses, if declared at compounding rates and many more.
- Buy Shriram Life Early Cash Plan online in just four simple steps
- Enjoy advanced protection via riders
- Pay affordable premiums online with a high sum insured
- Earn cash bonuses as per your preferred mode
- Claim tax benefits under income tax
- Choose from multiple policy term options to suit your needs
Policy Type
Savings, Retirement, and Child Plans
Policy Term
10 / 12 / 15 / 20/Whole Life
Minimum Sum Assured
Minimum: ₹ 1,50,000 for other than whole life
₹ 2,50,000 for Whole life
Maturity Age
70 Years for other than whole life(Age last birthday)
100 years for whole life(Age last birthday)
Features and Benefits of the Shriram Life Early Cash Plan
Life Cover
Protect your family against financial uncertainties that they might face, should something unfortunate happen to you. For additional protection, choose from the 7 rider options available with this plan.
2 Bonus Options – Early Cash and Super Growth
You can choose any of the above two bonus options under this plan.
With the Early Cash Option, you can receive cash bonus as annual income throughout the policy term as well as a lump sum at maturity, With Super Growth Option you can accumulate cash bonuses till maturity to receive a larger lump sum at maturity. Choose the option that suits your needs the best.
Cash Bonus guarantee
For both the options, the cash bonus is guaranteed to be minimum of 2% p.a of the Sum Assured for non whole life policies and 1% p.a. of sum assured for whole life policies, payable throughout the term of the plan.
Cash Bonus as Income from 1st policy month&
Cash bonus will be declared from 1st policy month till the end of the policy term. This helps you in managing your regular expenses.
Power of Compounding*
Bonuses are declared on Sum Assured and accumulated Early Cash Bonuses. Terminal Bonus (if declared) too is paid on accrued cash bonuses. This helps you save more towards your major financial goals and counteract the effects of inflation.
How to Apply for Shriram Life Early Cash Plan?
You can apply online for the Shriram Life Early Cash Plan online in just four simple steps:
Step 01
Enter your Name, Mobile Number and Email Id
Step 02
Verify your Mobile Number and Basic details
Step 03
Select Premium Details
Step 04
Purchase Your Policy
How to Claim for Shriram Life Early Cash Plan?
You can submit Death Claims, Disability Claims, Cancer Care Claims and Critical Illness Claims for your Shriram Life Early Cash Plan online on our website by following the simple steps provided below:
Step 01
Visit the claim centre on our website and select the 'Intimate claim' button
Step 02
In the dropdown menu, choose 'death' under 'Request Type'
Step 03
Fill in the details of the insurer, death event, and details of the doctor who declared the demise (doctor is non-mandatory)
Step 04
Fill the personal and bank details of claimants and upload the documents
Document Info Uploading
- Death certificate issued by local body/municipal body
- Nominee bank passbook
- Postmortem report
- Claim form B
- Claim form A
- Policy document
- Hospital summary/hospital records
- Nominee ID proof (ID proof/address proof)
- FIR/Panchnama/inquest report and final investigation report
- Signature of the claimant
- Copy of driving licence if life assured was driving the vehicle at the time of the accident (applicable if rider is opted)
- NEFT mandate form
- Claims form C and E wherever applicable
Eligibility and Documents Required for Shriram Life Early Cash Plan
If you want to become protected under the Shriram Life Early Cash Plan, you need to fulfil the following eligibility criteria:
| Eligibility Criteria | Limits |
| Age at Entry | 3 to 55 years |
| Policy Term | 10/12/15/20/Whole Life |
| Premium Paying Term | 6-15 years (depending upon the policy term) |
| Premium Mode | Monthly, quarterly, half-yearly, yearly |
| Sum Assured | Minimum: ₹ 1,50,000 for other than whole life ₹ 2,50,000 for Whole life Maximum: No Limit Subject to Board approved underwriting policy. |
What does the Shriram Life Early Cash Plan cover?
The Shriram Life Early Cash Plan is a comprehensive plan for those looking to enjoy the twin benefits of insurance and savings in a single policy. The policy comes with varying tenures, allowing you to select the one that best suits your needs. You get a life insurance cover to financially protect your loved ones from future uncertain events. Furthermore, the cash bonuses act as a great passive income for your income portfolio. Also, if you are looking to further grow your portfolio, then you can go for the Super Growth Option to claim a higher cash bonus at the end.
Download Documents for Shriram Life Early Cash Plan
All policy-related documents are easily available online on the Shriram Life website for the comfort and ease of our customers. You can simply visit our website www.shriramlife.com, go to the download section on the policy page and download the policy document, prospectus and presentation.
Disclaimer
For more details on risk factors, terms, and conditions please read the sales prospectus carefully before concluding a sale.
*Tax Benefits:
Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.
You are eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time.
IRDAI Regn No: 128
CIN No : U66010TG2005PLC045616 of the Company
The Trade Logo displayed above belongs to Shriram Value Services Limited (“SVS”) and used by Shriram Life Insurance Company Limited under a License agreement.”
BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRADULENT OFFERS
- IRDAI is not involved in activities like selling insurance policies or financial products, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
