Shriram Life Early Cash Plan (UIN: 128N093V03)

In case of death of the life assured during the policy term, provided the policy is in force, an amount equal to “Death Sum Assured” along with cash bonuses accumulated till the date of death if declared, and terminal bonus, if declared will be paid in lump sum to the nominee (s) or beneficiary (ies) and the policy will be terminated.

With the Early Cash Option, a regular income is paid at the end of every policy year, throughout the policy term, starting from the end of the 1st policy year by way of annual Cash Bonuses if declared. The minimum Cash Bonus payable is guaranteed at 3.5% of the Sum Assured p.a. This benefit is not available if the policyholder chooses the Super Growth option

On survival of the life assured to the end of the policy term, provided the policy is in force, Sum Assured along with cash bonuses, accumulated till the date of maturity, if declared, and terminal bonus, if declared will be paid and the policy will be terminated. With the Super Growth Option, the annual Cash Bonuses if declared from the 1st policy anniversary will accumulate at annually compounding rates and paid on maturity. Cash Bonuses are declared on Sum Assured and accumulated Cash Bonuses if declared. Terminal Bonus too is paid on accumulated cash bonuses.