Earn assured income with Shriram Life Assured Income Plan

Shriram Life Assured Income Plan

Shriram Life Assured Income Plan
A Non-Linked Non-Participating Life Insurance Individual Savings Plan (UIN: 128N053V06)

Why do we save? We save to fulfill our dreams. Dreams which mostly involve huge financial commitments. These huge financial commitments require us to save small regularly for long so that we can yield big in the years to come. Our dream can be anything like providing the best education for our children, throwing a grand reception on their wedding, buying own house, a family vacation abroad or it can be to accumulate a corpus for a comfortable retirement.

But what if something unfortunate happens before we have saved enough for our dreams??

Presenting Shriram Life Assured Income Plan, which assures your family of the Income you have planned for them even in your absence. This plan not only helps you secure your family financially but also provides you assured returns on maturity. With regular income option under this plan you will receive your maturity amount in periodical payments of assured amount to help you fulfill your financial responsibilities and dreams with ease.

Not only that, under this plan you can also opt for multiple riders by paying a nominal amount which will provide you and your family additional protection in case of Death, Accidental Death/Disability and Critical Illness.

Features and Benefits of Shriram Life Assured Income Plan

Choice of Policy Term – 8/10/12/15 years

Assured Income benefits after the policy term

Higher returns for higher premiums

Higher returns for higher terms

Additional protection through riders

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Eligibility and Documents Required for Shriram Life Assured Income Plan

You can apply online for Shriram Life Assured Income Plan. Follow the steps given below to submit your application

Plan Eligibility

Age at Entry	Minimum: 30 days Maximum: 50 years (age last birthday)
Maturity Age	Minimum: 8 years Maximum: 65 years (age last birthday)
Policy Term	8 / 10 / 12 / 15 years
Premium Paying Term	Same as Policy Term
Benefit Payout Period	Equal to Policy Term
Premium Mode	Yearly, Half-Yearly, Quarterly, Monthly
Annualised Premium	Minimum: Rs 10,000 Maximum: No limit, subject to Board approved underwriting Policy
Basic Sum Assured (Policy Term X Annualised Premium)	Minimum: Rs. 80,000 Maximum: No limit, subject to Board approved underwriting Policy

What are the coverages offered by Shriram Life Assured Income Plan

Shriram Life Assured Income Plan is preferable to other assured income plans mainly for its guaranteed benefits and flexibility in terms of terms and payments. Unlike an insurance plan that protects you only during the payment terms, Shriram Life Assured Income Plan offers longer life coverage. You receive higher guaranteed benefits than other plans which makes it rank better than its competitors.

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Additional protection through Riders

You can opt any of the following Riders by paying additional premium. The riders can be opted at the inception of the policy or subsequently on any policy anniversary.

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Accident Benefit Rider (UIN 128B001V03)

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.

Family Income Benefit Rider (UIN 128B002V03)

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.

Shriram Extra Insurance Cover Rider – (UIN 128B009V03)

In case of death of the life assured during the rider cover term, sum assured under rider will be paid to the nominee(s) or beneficiary (ies).

Shriram life Critical Illness Plus rider (UIN 128B016V02)

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. Please refer the Rider Prospectus for further details. Riders are not allowed for POS.

Shriram life Critical Illness Woman rider (UIN 128B032V01)

The critical illness woman rider ensures financial security tailored to women’s health needs. The Base cover provides protection against 29 critical illnesses covering major and minor female specific critical illnesses. The add on benefit i.e Maternity Wellness Coverage offers protection against pregnancy complications and birth of child & congenital disorders. The premium for this optional benefit has to be paid additionally over and above base cover rider premium. Policy term for PC & BCCD option can be less than or equal to the policy term chosen for the base option. It provides cover for one childbirth.

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Downloads

You can download the Shriram Life Assured Income Plan policy documents online. Shriram Life provides an online facility to its customers so that downloading documents becomes easy. You can visit www.shriramlife.com and open the Shriram Life Assured Income Plan. On the page, you can download the policy prospectus and document for your reference.

Prospectus

Presentation

Policy document

Shriram Life Assured Income Plan