Shriram Life Assured Income Plus Plan (UIN: 128N060V04)
Shriram Life Assured Income Plus Plan (UIN: 128N060V04)
Shriram Life Assured Income Plus (UIN:128N060V04) is a non-linked, non-participating plan that offers life insurance protection over the long-term and savings benefits.
Key Features of Shriram Life Assured Income Plus
Pay premium for only 5 years
Life cover for 10 years
Assured Income for 5 years from Maturity
Additional protection through Riders
Key Benefits of Shriram Life Assured Income Plus
Maturity Benefit
In case of survival of the life assured up to the end of the policy term, provided the policy is in force, sum assured will be paid in five equal annual instalments i.e. 20% of sum assured will be paid at the end of every year after maturity.
Death Benefit
Death Benefit within PPT: In case of death of the life assured during the premium paying term, provided the policy is in force, “Death Sum Assured” will be paid.
Death Benefit after PPT: In case of death of the life assured after premium paying term but before the end of the policy term, provided the policy is in force, “Death Sum Assured” will be paid.
The death benefit shall be paid in lump sum to the nominee(s) or beneficiary(ies) and the policy will be terminated after paying the death benefit. If the life assured dies any time after completion of policy term but before the commencement of installments, only the installments will continue to be paid to the nominee(s) or beneficiary(ies). There is no lump sum option.
Eligibility
Age Limit | Entry Minimum: 8 years (age last birthday) |
|---|---|
Maximum Maturity | Minimum: 18 years (age last |
Policy Term | 10 years |
Premium Paying Term | 5 years |
Sum Assured | Minimum: ₹ 1,50,000 for ages up to 50 years (age last birthday) ₹ 3,00,000 for ages 51 years and above (age last birthday) |
Premium Mode | Yearly, Half-Yearly, Quarterly, Monthly |
Annualized Premium | Minimum: ₹ 18,290 |
