Earn assured income with Shriram Life Assured Income Plan
Shriram Life Assured Income Plan Premium Components
Shriram Life Assured Income Plan has three Premium Components. You gain three premium protection plans through a single annualised savings.
Your life-assured income plan offers death insurance protection. This is to help your family financially when anything unexpected happens to you. Your nominee will receive higher benefits if you start your policy in the early stages of your life.
Shriram Life Assured Income Plan also increases the value of your savings if you retain them after the policy matures. At the end of the policy, you can receive higher payouts than what you paid initially, either as a lump sum or as an annual assured payout. If you choose annual assured payouts, you will receive annual payouts for the upcoming term years.
If you want to extend the benefits beyond the term years, you can subscribe to our rider protection plans. This also gives you special protection against the coverage you added (severe illness, accidents, etc.). You will pay a basic cost to add this to your Assured Income Plan.
Accident Benefit Rider
Your family will receive financial protection through the rider sum assured if you have met with an accident that leads to death or permanent disability. You won’t be required to make future premium payments in case of an accident-led permanent disability of body parts.
Shriram Life Critical Illness Plus Rider
This rider benefit will give you financial protection against a list of 24 fatal diseases. 100% of the rider sum assured will be given if the insurer stays alive after 30 days from the date of diagnosis.
Family Income Benefit Rider
To ensure your family with a monthly income, this rider benefit offers 1% of rider sum assured as monthly payouts for up to 10 years. This is when the insurer faces an accident that leads to death or disables a body part
Shriram Extra Insurance Cover Rider
This is another rider add-on of Shriram Life Assured Income Plan. If the insurer meets with an accidental death during the rider period, the nominee will receive 100% of the rider sum assured.