Presenting Shriram Life Early Cash Plan (UIN: 128N093V01) 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 3.5% of Sum Assured, payable throughout the policy term, starting from 1st policy anniversary, minimum assured benefits on maturity, option to accumulate cash bonuses, if declared at compounding rates and many more.
On survival of the life assured to the end of the policy term, provided the policy is in force, Sum Assured along with cash bonuses, accumulated till the date of maturity, if declared, and terminal bonus, if declared will be paid and the policy will be terminated
With the Early Cash Option, a regular income is paid at the end of every policy year, throughout the policy term, starting from the end of the 1st policy year by way of annual Cash Bonuses if declared. The minimum Cash Bonus payable is guaranteed at 3.5% of the Sum Assured p.a. This benefit is not available if the policyholder chooses the Super Growth option.
In case of death of the life assured during the policy term, provided the policy is in force, an amount equal to “Death Sum Assured” along with cash bonuses accumulated till the date of death if declared, and terminal bonus, if declared will be paid in lump sum to the nominee (s) or beneficiary (ies) and the policy will be terminated.
“Death Sum Assured” is defined as highest of
(Age last birthday)
(Age last birthday)
No Limit Lakhs
Subject to Board approved underwriting policy
You can opt any of the following Riders by paying additional premium.
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. Also, if the life assured becomes totally and permanently disabled in an accident, we will waive off all the future premiums under the policy. The benefit under this rider is applicable only once during the rider term.
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 unfortunate event 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
#provided all the premiums are paid and the policy is in force.
&With Early Cash Option
*With Super Growth option, provided all due premiums are paid and policy is in force on maturity
Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details
In case of minor lives assured, the risk cover starts from the 1st policy anniversary or at the age of attaining 18 years last birthday whichever is earlier.
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.
SHRIRAM LIFE INSURANCE COMPANY LIMITED
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ARN: SLIC/Elec/May 2022/10