Shriram Life Early Cash Plan (UIN: 128N093V03)
What is Shriram Life Early Cash Plan?
Shriram Life Early Cash Plan (UIN: 128N093V03) is a non-linked participating individual Savings life Insurance Plan, a plan that combines the much-needed life insurance protection with cash bonus assured at minimum 2% of Sum Assured, payable throughout the policy term, starting from Ist policy month, minimum assured benefits on maturity, option to accumulate cash bonuses, if declared at compounding rates and many more
Features and Benefits of the Shriram Life Early Cash Plan
Life Cover
2 Bonus Options – Early Cash and Super Growth
Cash Bonus Guarantee
Guaranteed Income from 1st Policy Month&
Power of Compounding*
Capital Guarantee*
Benefits
Death Benefit
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.
Survival Benefit
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
Maturity Benefit
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.
Eligibility and Documents Required for Shriram Life Early Cash Plan
| Eligibility Criteria | Limits | ||||||
| Entry Age | 3 to 55 years | ||||||
| Policy Term | 10 / 12 / 15 / 20 years | ||||||
| Premium Paying Term | 6-15 years (depending upon the policy term) | ||||||
| Premium Mode | Monthly, quarterly, half-yearly, yearly | ||||||
| Sum Assured | Starting from Rs 1,50,000 | ||||||
