Shriram Life Smart Choice Plan Eligibility and Documents Required

Eligibility Criteria

Limits

Age at Entry (age last birthday)

Minimum: 18 years
Maximum: 60 years

Maturity Age (age last birthday)

Minimum: 19 years
Maximum: 80 years

Premium Payment Term/ Policy Term

Single Pay: 3 / 4 / 5 years

Limited Pay:

Premium Payment Term

Policy Term

1

2

2

4

3

6

4

8

5

10

Sum Assured

Minimum: Rs 50,000
Maximum: Rs 25,00,000

Subject to Board approved underwriting policy

Premium Payment Frequency

Yearly / Half-Yearly / Quarterly / Monthly

Premium Payment Mode

Modal Factors

Yearly

Half-Yearly

Quarterly

Monthly

1

0.5085

0.2564

0.0859

Annual Premium

Subject to minimum Sum Assured and applicable premium rates.
& Subject to Board approved underwriting policy