Eligibility and Required Documents for Shriram Life New Shri Vidya

Eligibility Criteria

Limit

Min – Max Age at entry

18 years - 50 years (age last birthday)

Min – Max Maturity age

28 years - 70 years (age last birthday)

Policy Term

10

15

20

25

Premium Paying Term

10

8, 10,15

20

25

Minimum Annualized Premium

 ₹8000

Mode of Premium Payment

Yearly, Half yearly, Quarterly, Monthly

Sum Assured

Minimum

Maximum

₹ 1,00,000

No limit (subject to board approved underwriting policy)

High Sum Assured Rebates (Premium rebates for high sum assured policies)

Range

Premium Discount

₹ 5,00,000 to ₹ 9,99,999

3% of the basic premium

₹ 10,00,000 and above

4% of the basic premium