Get Financial Security Through Life Plus Cover and Lump Sum Assured Payouts with Shriram Life Premier Assured Benefit
The key features of the Shriram Life Premier Assured Benefit are as follows:
Two Life Covers
Shriram Life Premier Assured Benefit has two life covers. The first life cover gives protection where the life assured can either receive maturity/survival benefits or death benefits, based on whichever comes first. Life Plus cover provides these benefits and also provides maturity benefits even after the Death Sum Assured is claimed by the nominee of the life assured.
Flexible Premium Payment Terms
You can choose any policy tenure in the Shriram Life Premier Assured Benefit from 10 to 20 years. Depending on your payment capabilities, you can also set the payment frequency to monthly, quarterly, half-yearly, annual and single pay mode (only for selected tenure).
Life Protection with Benefits
This plan provides life protection for the chosen term with attractive returns when the policy matures. Unlike normal savings or insurance plans, you get both demise protection and ways to generate higher wealth. For higher premiums, you will receive higher benefits.
Pay-Outs through Assured Income
You can go for survival benefits where you will be paid in annual payouts right from the end of your premium payment term till the policy's maturity. This annual payment will be paid in the percent of the annualised premiums you pay every year.
Settlements in Lump-Sum or Instalments
There are two options available under settlements provided during the policy maturity. You can either select the option where you will be paid in 4 annual instalments split equally from the year of policy maturity. Or, you can select lump-sum payouts where you can receive the total maturity amount in one go after the policy maturity.
You can choose one of the four-rider options for additional and enhanced protection against many cases. These rider options will provide life protection against illnesses and accidental demise or permanent disabilities. You can activate them anytime when your policy is active and not have the rider benefits overlap with the actual policy.