images
Assured Advantage Plus

Guaranteed Benefits and Protection with Shriram Life Assured Advantage Plus

Guaranteed Benefits and Protection with Shriram Life Assured Advantage Plus

  • Self
  • Spouse
  • Child
  • Grand Child
Sticky Tab
Prev
Next

Premium Components of Shriram Life Assured Advantage Plus

The Shriram Life Assured Advantage Plus is a savings-oriented life insurance plan that provides insurance coverage and also creates a secured corpus. Moreover, there are four optional riders for wider coverage. Thus, the Shriram Life Assured Advantage Plus premium consists of three main components discussed below -

Risk Coverage

Risk Coverage

The Shriram Life Assured Advantage Plus covers the risk of premature demise for 10 years. This coverage requires the risk premium which covers the cost of mortality risk that the insurance company undertakes.

Savings Element

Savings Element

If the insured survives the policy tenure and the plan matures, the Maturity Sum Assured is paid which is a corpus. To create this corpus, an additional premium is paid which forms a part of the overall premium payable for the Shriram Life Assured Advantage Plus. 

Rider Component

Rider Component

The Shriram Life Assured Advantage Plus gives four optional riders for enhanced coverage. Each rider has a corresponding additional premium. If you choose any rider, the additional premium is added to the overall premium for the policy and the premium cost goes up. 

Disclaimer

For more details on risk factors, terms, and conditions please read the sales brochure 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, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.