SHRIRAM SMART SURAKSHA CARD - Suraksha apni jeb mein

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THIS PLAN IS CLOSED FOR SALE (SERVICED BY CUSTOMER SERVICE)

Shriram Online Guaranteed Wealth Preserver (UIN: 128N055V01) is a one-time investment and insurance plan where you pay premium only once and get the dual benefit of life cover and a guaranteed return on maturity. This is an ideal plan to maximize the returns based on your lump sum cash surplus.

KEY FEATURES

  • Death Cover 10X Single Premium.
  • Guaranteed Maturity Benefit and Life Insurance Cover.
  • No commitment of paying premiums regularly.
  • Policy term: 5 years / 10 years / 15 Years.
  • Additional Protection through riders.
  • Tax benefits as per tax laws.

KEY BENEFITS

 

Maturity Benefit#

In case of survival of the life assured up to the end of the policy term, guaranteed maturity benefit as defined below will be paid.

 

The maturity benefit factors expressed as a percentage of single premium (excluding extra premium, rider premium and taxes) depend on the age, premium policy term. Taxes include service tax and education cess.

 

Death Benefit#

In case of death of the life assured during the policy term, Sum assured on death as defined below will be paid to the nominee or beneficiary.

“Death sum assured” is defined as highest of:

where Sum assured = absolute amount assured to be paid on death which is 10 times the single premium.

  • 125% of single premium for ages less than 45, 110% of single premiums for ages 45 and above.
  • Sum assured.
  • Maturity sum assured.

Maturity sum assured = minimum guaranteed sum assured payable on maturity which is equal to Guaranteed maturity benefit factor multiplied by single premium.

In case of death of the life assured during the policy term. “Death sum assured” will be paid to the nominee or beneficiary.

Eligibility

ENTRY AGE

Minimum

3 Years ^

Maximum

40 Years

(Age last birthday)

MATURITY AGE

Minimum

18 Years

Maximum

55 Years

(Age last birthday)

POLICY TERM

5/10/15Years

Premium Paying Term

Single

Premium

Minimum

Rs.2.5 Lakhs

Maximum

No Limit*

*subject to underwriting considerations as per Board approved underwriting policy

MINIMUM SUM ASSURED

Rs.25,000

Premiums will be in multiples of Rs.1000/-. Premiums are exclusive of service tax and education cess.

CALCULATOR

Click this link to calculate you premium.

RIDERS (Add Ons)

Accident Benefit Rider

Provides assistance to Life Assured, in the event of permanent / total disability due to an accident.

Family Income Benefit

Provides additional protection to the family for a nominal premium.

Critical Illness Cover

Provides a benefit to help cover medical and rehabilitation costs associated with critical ailments.

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Disclaimers:

  • For more details on the risk factors, terms and conditions please read the sales brochure and/or sample policy document on our website carefully and/or consult our advisor.
  • Tax benefits are subject to change as per tax laws. Please consult your tax consultant on tax benefits.