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Family Income Benefit Rider Eligibility and Documents Required

Eligibility Criteria

Limits

Entry Age Limit

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

Maximum Maturity Age

70 years

Policy Term

Minimum: Regular & Limited Pay: 2 Years, Single Pay: 3 Years
Maximum: 52 years

Premium Paying Term

Single Premium - Once
Regular Premium - Equal to the chosen policy term
Limited Premium - 1 years to 51 years

Premium Payment Frequency

Yearly, half-yearly, quarterly, monthly or once (Equal to the base plan's premium payment frequency)

Annual Premium

Depends on the risk and coverage details selected

Sum Assured

Minimum: ₹50,000
Maximum: ₹50,00,000

Note: The sum assured under the rider shall not exceed the sum assured under the base policy.

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

The Trade Logo displayed above belongs to Shriram Value Services Limited (“SVS”) and used by Shriram Life Insurance Company Limited under a License agreement.”

BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRADULENT OFFERS

  • IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.