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Shriram Life New Shri Life - One plan to get higher returns, rebates, and death coverage at lower premium payments.

Shriram Life New Shri Life - One plan to get higher returns, rebates, and death coverage at lower premium payments.

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Premium Components of Shriram Life New Shri Life Plan

Different elements go into the calculation of Shriram Life New Shri Life Plan premium. These determine the overall premium payable for the policy. Here are the main premium components 

Insurance Cover

Insurance Cover

Coverage is available for premature demise during the policy tenure. A premium is charged for this insurance coverage which is called the risk premium.

Savings Element

Savings Element

The Shriram Life New Shri Life Plan allows you to create a savings corpus over the tenure. It pays the money-back benefits in the last four years and also gives bonus additions.

Premium Rebate

Premium Rebate

There is a premium rebate for high sum assured levels. If you are eligible for the rebate, you can get lower premiums. 

Rider Premium

Rider Premium

There are four optional riders under the policy and each rider involves an additional premium. So, depending on the riders that you choose, you have to pay an additional premium for the same.

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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