Shriram Life Sunishchit Laabh Eligibility and Documents Required

Eligibility Criteria

Limits

Age at Entry 

Minimum: 30 days

Maximum: 60 years (age last birthday) 

Maturity Age

(age last birthday)

Minimum: 18 years 

Maximum: 76 years 

Premium Paying Term (PPT)

7 to 10 years (in multiple of 1 year) 

15 to 25 years (in multiple of 5 years)

Policy Term

For PPT 7 to 10 years – 11 years

For PPT 15 to 25 years – PPT+1 years

Maturity Benefit Payout Term

10 to 40 years 

(Choice to receive maturity benefit in multiples of 5 years up to a maximum age of 101 years)

Premium Payment Mode (with modal factors)

Yearly

Half-Yearly

Quarterly

Monthly

1

0.5087

0.2566

0.0860

The instalment premium will be divided by the modal factor as shown in the table above

Premium Range

Minimum:  

Yearly

Half-Yearly

Quarterly

Monthly

₹30,000

₹15,500

₹8,000

₹3,000

Maximum:        
No limit, subject to board-approved underwriting policy

Sum Assured

Minimum: 2,10,000^$ 

Maximum: No limit, subject to Board approved underwriting policy.