What Coverages Are Offered in Shriram Life Extra Insurance Cover Rider?

The rider covers the premature demise of the life insured. If the insured passes away during the policy tenure, the rider pays the rider sum assured, and the coverage is terminated.

If you pay a single or limited premium, your policy acquires a paid-up value if the premiums are not fully paid. In such cases, the rider coverage is allowed at a reduced paid-up value even though the premiums are not fully paid.

If, after discontinuing premium payments, you want to terminate the base policy, you will get a surrender value under the rider. The surrender value is available under single and limited premium options.