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Shriram Life Assured Income Plus Plan (UIN: 128N060V04)

Shriram Life Assured Income Plus Plan (UIN: 128N060V04)

Shriram Life Assured Income Plus Plan (UIN: 128N060V04)

Shriram Life Assured Income Plus (UIN:128N060V04) is a non-linked, non-participating plan that offers life insurance protection over the long-term and savings benefits.

Key Features of Shriram Life Assured Income Plus

Pay premium for only 5 years

Life cover for 10 years

Assured Income for 5 years from Maturity

Additional protection through Riders

Key Benefits of Shriram Life Assured Income Plus

3

Maturity Benefit

In case of survival of the life assured up to the end of the policy term, provided the policy is in force, sum assured will be paid in five equal annual instalments i.e. 20% of sum assured will be paid at the end of every year after maturity.

2

Death Benefit

Death Benefit within PPT: In case of death of the life assured during the premium paying term, provided the policy is in force, “Death Sum Assured” will be paid. 

Death Benefit after PPT: In case of death of the life assured after premium paying term but before the end of the policy term, provided the policy is in force, “Death Sum Assured” will be paid.

The death benefit shall be paid in lump sum to the nominee(s) or beneficiary(ies) and the policy will be terminated after paying the death benefit. If the life assured dies any time after completion of policy term but before the commencement of installments, only the installments will continue to be paid to the nominee(s) or beneficiary(ies). There is no lump sum option.

Eligibility

Age Limit

Entry Minimum: 8 years (age last birthday) 
Maximum: 65 years (age last birthday)

Maximum Maturity

Minimum: 18 years (age last  
Maximum: Age 75 years (age last birthday)

Policy Term

10 years

Premium Paying Term

5 years

Sum Assured

Minimum: ₹ 1,50,000 for ages up to 50 years (age last birthday) ₹ 3,00,000 for ages 51 years and above (age last birthday) 
Maximum: No limit, subject to Board approved underwriting policy

Premium Mode

Yearly, Half-Yearly, Quarterly, Monthly

Annualized Premium

Minimum: ₹ 18,290 
Maximum: No limit, subject to Board approved underwriting Policy

Downloads

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

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