Shriram Life New Shri Life - One plan to get higher returns, rebates, and death coverage at lower premium payments.
What Coverages are offered in the Shriram Life New Shri Life?
If the insured is alive by the maturity of the Shriram Life New Shri Life policy, the nominee will be eligible for a higher sum assured along with reversionary bonuses. It allows you to build wealth over time by making small premium payments.
The nominee can financially support your family if the insured dies during the policy tenure. Shriram Life New Shri Life offers death coverage higher than 105% of the selected annualised premium.
Accident Benefit Rider
In case of an accident where the life assured faces demise or becomes permanently disabled, the nominee will receive 100% rider sum assured. If there is a permanent disability, the life assured is not required to make future premium payments.
Family Income Benefit Rider
If the life assured meets with an accident or faces demise during the rider term, their family will receive 1% of the sum assured for whatever period is higher over 10 years or until the end of the rider covers.
Shriram Extra Insurance Cover Rider
In case of accidental demise of the life assured the nominee will become eligible to receive the rider sum assured.
Shriram Life Critical Illness Plus Rider
If the life assured is diagnosed with any of the 24 specified critical illnesses, they will receive full rider sum assured. This is under the condition that they are alive after 30 days from the date of diagnosis. with loyalty additions, you will be able to increase the rider sum assured.