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Features & Benefits of Step Up Rider

Here are the features of the Shriram Life Step Up Rider :

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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.

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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.

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Flexible Payment Options

Choose from Regular Pay, Limited Pay, or Single Pay — aligned seamlessly with your base policy for added convenience.

Disclaimer

For more details on risk factors, terms, and conditions please read the sales prospectus carefully before concluding a sale.    

*Tax Benefits:    
Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.    
You are eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time.

IRDAI Regn No: 128    
CIN No : U66010TG2005PLC045616 of the Company  
ARN No:  SLIC/ELEC/Nov 2025/1518

The Trade Logo displayed above belongs to Shriram Value Services Limited (“SVS”) and used by Shriram Life Insurance Company Limited under a License agreement.”

BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRADULENT OFFERS

  • IRDAI or its officials do not engage in activities such as selling insurance policies or financial products, announcing bonuses, or investment of premiums. Members of the public who receive such calls are advised to lodge a police complaint.

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