POS Assured Savings Plan(UIN - 128N089V01)
SHRIRAM LIFE POS ASSURED SAVINGS PLAN
As we get older, our responsibilities increase; responsibilities towards our elderly parents, spouse and children. We go from being dependents to having dependents of our own, and it is our responsibility to take care of them. But what would happen to them in our absence?
Life Insurance is the tool that will make sure your family is taken care of in your absence. Presenting Shriram Life Assured Savings Plan, which helps build your savings while ensuring your family is taken care of financially, even in your absence – and all of that available without any medicals.
KEY FEATURES
Life cover without medicals$
Higher maturity benefit for higher premiums (as high as 183%*)
Life cover and Returns, fully assured upfront
Flexibility to change Policy Term and Premium Payment Term
Double cover on Accidental Death with Option 2
KEY BENEFITS
Maturity Benefit
In case of survival of the life assured up to the end of the policy term, provided the policy is in force, the Guaranteed# Maturity Sum Assured will be payable immediately in lump sum and the policy will be terminated.
Guaranteed# Maturity Sum Assured = Maturity Benefit Factor X Basic Sum Assured
Where, Basic Sum Assured = Premium Paying Term X Annualized premium&
Death Benefit
The death benefit depends on the plan option chosen and is paid to the nominee(s) or beneficiary(ies), provided the policy is in force.
| Death due to& | Option 1 | Option 2 |
| Accident | Death Sum Assured | 2X Death Sum Assured |
| Other than accident | Death Sum Assured | Death Sum Assured |
ELIGIBILITY
| ENTRY AGE | Minimum 3^ Years Maximum 55 Years (Age last birthday) |
|---|---|
| MATURITY AGE | Minimum 18 Years Maximum 65 Years (Age last birthday) |
| BASIC SUM ASSURED | Minimum ₹ 40,000 Maximum Subject to maximum Death Sum Assured of ₹ 25 Lakhs |
| POLICY TERM | 10 / 15 Years |
| PREMIUM PAYING TERM | Regular Equal to Policy Term Limited PT 10: 8 Years PT 15: 8 / 10 Years |
| PREMIUM PAYMENT MODE | Yearly Half Yearly Quarterly Monthly |
| MINIUM PREMIUM | Yearly :₹ 5,000 Half Yearly :₹ 3,000 Quarterly :₹ 1,500 Monthly :₹ 500 |