Shriram Life New Shri Life - One plan to get higher returns, rebates, and death coverage at lower premium payments.
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
Coverage is available for premature demise during the policy tenure. A premium is charged for this insurance coverage which is called the risk premium.
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.
There is a premium rebate for high sum assured levels. If you are eligible for the rebate, you can get lower premiums.
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.