Shriram Group Term Life Insurance (UIN-128N042V02)
THIS PLAN IS CLOSED FOR SALE (SERVICED BY CUSTOMER SERVICE)
Shriram Group Term Life Insurance (UIN-128N042V02) is a One Year Renewable Group Term Assurance plan that offers the options of lump sum death benefit in the event of death of a member.
Monthly income benefit option:
- If the member dies, the sum assured will be paid to the nominee /legal heir as applicable.
- Sense of security to their families and increase in productivity at work.
- Tax benefits on benefit proceeds may be available as per prevailing Income Tax laws.
|ENTRY AGE||Minimum 14years Maximum 79Years (Age last birthday)|
|MATURITY AGE||80 Years (Age last birthday)|
|POLICY TERM (YRS)||Minimum 1 Yrs (Fixed) (Annually renewable)|
|MINIMUM SUM ASSURED||Rs.5,000 per member|
|MAXIMUM SUM ASSURED||No Limit Depends on Company’s Board approved underwriting policy|
|PREMIUM PAYMENT MODE||20 for employer employee groups and 50 for other groups|
RIDERS (ADD ONS)
|Accident Benefit Rider|
Provides assistance to Life Assured, in the event of permanent / total disability due to an accident.