Shriram Life Assured Savings Plan Eligibility and Documents Required

Eligibility Criteria

Limits

Plan Options

Option 1: Life Cover
Option 2:  Life Cover with in-built Accidental Death Benefit

Entry Age

Minimum:3 years (age last birthday)
Maximum: 55 years (age last birthday)

Maturity Age

Minimum: 18 years (age last birthday)
Maximum: 65 years (age last birthday)

Policy Term (PT)

7,10 & 15 years 
 

Premium Paying Term (PPT)

Regular –Equal to Policy Term
Limited – For Policy Term of 7 years : 5 years
                For Policy Term of 10 years : 5,8 years
                For Policy Term of 15 years : 8, 10 years

Premium Payment Mode

Yearly / Half Yearly / Quarterly / Monthly

Min Premium

Yearly - 8,000
Half Yearly – 4,500
Quarterly - 2,500  
Monthly – 1,000

Basic Sum Assured

Minimum: ₹ 40,000
Maximum: No Limit, Subject to Board approved underwriting policy
For POS – 20,70,390, Subject to Board approved underwriting policy and maximum Death Sum Assured of ₹ 25,00,000