SHRIRAM SMART SURAKSHA CARD - Suraksha apni jeb mein
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SHRIRAM SMART SURAKSHA CARD - Suraksha apni jeb mein
Shriram Life presents Shriram Life Golden Premier Saver Plan (128N088V02), specially designed to combine protection with savings while giving you the options to customise.
* Provided the policy is in force and all due premiums have been paid
* If any | # on payment of additional premium
In case of survival of the life assured till the end of the policy term (provided the policy is in force), “Guaranteed Maturity Sum Assured” along with the accrued bonus (if any) and terminal bonus (if any) will be paid, provided all due premiums have been paid.
Income benefit equal to 10% of the sum assured shall be paid annually at the end of each of the last five policy years provided the policy is in force.
In case of survival of the life assured till the end of the policy term, the lump sum benefit equal to 50% of the “Guaranteed Maturity Sum Assured” along with the accrued bonus (if any) and terminal bonus (if any) shall be paid.
Apart from the benefits mentioned above, this plan offers an additional benefit –
By choosing this option and paying the additional premiums, in addition to the benefits mentioned above, the policyholder will get life insurance cover for an extended term (i.e. the period from the date of maturity to the date on which the life assured attains the age of 80 years). In case of death of the life assured during the extended cover term or on survival up to end of extended cover term, one sum assured will be paid and the policy will be terminated.
The extended cover benefit cannot be surrendered individually.
In case of death of the life assured during the policy term provided the policy is in-force, “Death Sum Assured” along with the accrued bonus, (if any) and terminal bonus, if any, will be paid in lump sum to the nominee (s) or beneficiary (ies).
“Death Sum Assured” is defined as highest of the following –
where
“Absolute amount assured to be paid on death” is the ‘Sum Assured’ which is chosen by the policy holder excluding underwriting extra premiums, rider premiums and loadings for modal premiums, if any.
“All Premiums Paid” is the total of all premiums paid till the date of death excluding any extra premiums, any rider premiums, and taxes.
“Guaranteed Maturity Sum Assured” is the ‘Sum Assured’ which is chosen by the policyholder at the time of proposal.
For Income plus Lump-sum Option, Income benefits that have already been paid shall not be deducted from the death proceeds.
Minimum
0 Years*^
Maximum
60 Years**
(* 20 years in case of extended Cover Option)
(** 50 years of age for 5 years of Premium Paying Term)
Minimum
18 Years (fixed)
Maximum
75 Years
(Age On last birthday)
Minimum(₹)
₹ 2 Lakhs
Maximum(₹)
No Limit *
*Subject to Underwriting Guidelines as per Board Approved Underwriting Policy
Minimum (₹)
Premium Paying Term
5 Years
8Years
10 - 20 Years
Premium Amount
₹ 44,232*
₹ 27,564*
₹ 10,296*
Maximum (₹)
No Limit**
*Annualised Premium
(**Subject to Underwriting Guidelines as per Board Approved Underwriting Policy)
10 / 13 / 15 to
25 Years
(Premium Paying Term + 5 years)
Premium Paying Term
5 Years
8/10 To
20 Years
Age Eligibility
0-50 Years of age
0-60 Years of age
You can opt any of the following Riders by paying additional premium. The riders can be opted at the inception of the policy.
In case of death or total and permanent disability due to accident during the rider term, 100% of the rider sum assured will be paid. Also, if the life assured becomes totally and permanently disabled in an accident, all the future premiums under the base plan shall be waived off. The benefit under this rider is applicable only once during the rider term.
In the event of accidental death or the life assured becomes totally and permanently disabled due to an accident within the rider term, 1% of sum assured is payable every month immediately from the end of the month of accident for a guaranteed period of 10 years or till the end of the rider term whichever is higher.
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.
In case of unfortunate event of the death of the life assured during the rider cover term, sum assured under the rider is payable to the nominee.
Benefits will be paid 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.
& Annualised premium shall be the premium payable in a year chosen by the policyholder, excluding the underwriting extra premiums, rider premiums, loadings for modal premiums, taxes and other statutory levies, if any.
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.
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ARN: SLIC/Elec/July 2021/99
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