Shriram Life Step Up Rider
What is Shriram Life Step Up Rider ?
A Non-linked Non-participating pure term insurance rider
128B033V01
As your financial responsibilities grow—be it family needs, inflation, or future goals—a fixed life cover may not be enough. The Shriram Life Step Up Rider is designed to address this evolving need by automatically enhancing your life cover every year. This ensures your protection keeps pace with your life stage, offering greater financial security without requiring a new policy or manual upgrades. It's a smart way to future-proof your coverage while staying committed to your long-term goals.
- Grow Your Cover
- Comprehensive Death Benefit
- Flexible Payment Options
Features and Benefits of the Shriram Life Step Up Rider
Grow Your Cover
The rider cover starts at chosen rider sum assured and increases by additional one rider sum assured each year, up to a maximum of 10 times of rider sum assured or till the end of policy term whichever is early. Once the rider cover reaches 10 times of rider sum assured during policy term, the cover remains level for the rest of the policy term at 10 times of rider sum assured.
Comprehensive Death Benefit
In case of an unfortunate demise during the rider term, the enhanced rider sum assured is paid to your nominee, offering stronger financial support when it matters most.
Flexible Payment Options
Choose from Regular Pay, Limited Pay, or Single Pay — aligned seamlessly with your base policy for added convenience.
Eligibility and Documents Required for Shriram Life Step Up Rider
Eligibility Criteria | Limits |
|---|---|
Age at Entry | Minimum: 18 years (age last birthday) |
Maximum Age at Maturity | Age 70 years (age last birthday) |
Policy Term | Minimum:5 years |
Premium Paying Term | Regular Pay: Same as Policy Term |
Minimum Sum Assured | Rs 1,500 |
Maximum Sum Assured | No Limit. Subject to Board approved underwriting policy. |
Download Documents for Shriram Life Step Up Rider
The policy documents of the Shriram Life Step Up Rider are available online on the website of Shriram Life. You can visit www.shriramlife.com and go to the rider product page. On the page, you can download the prospectus or policy document of the rider for your use. The online process is fast and convenient and gets you the necessary documents.
