Shriram Life Secure Plus Plan (UIN: 128N059V01)
SHRIRAM LIFE SECURE PLUS PLAN
Shriram Life Secure Plus Plan (UIN: 128N059V01) is a non linked, non participating life insurance plan designed to ensure your loved one’s financial security to meet uncertainties and make your family feel fully protected. It has a lump sum payout in case of unfortunate death helping your family reduce their debts and protecting their financial security. At the same time the premiums paid towards this policy will be returned on maturity.
KEY FEATURES
Insurance cover at affordable rates.
Return of premiums at maturity.
KEY BENEFITS
Maturity Benefits
On survival of the Life Assured up to the end of the policy term, Maturity Sum Assured equal to “return of total premiums paid”, excluding underwriting extra premium and loadings for modal premiums if any, will be payable.
Death Benefits
In case of death of the life assured during the policy term, “death sum assured” will be paid to the nominee(s) / legal heir(s) of the Life assured.
Sum assured on death shall be higher of:
- 10 times Annualised Premium if age is less than 45 years and 7 times Annualised Premium if age is 45 years and above
- Basic Sum assured
- Maturity sum assured
- 105% of the premiums paid till the date of death
ELIGIBILITY
| ENTRY AGE | Minimum 18 Years ^ Maximum 50 Years (Age last birthday) |
|---|---|
| MATURITY AGE | Maximum 70 Years (Age last birthday) |
| SUM ASSURED | Minimum Rs. 5 Lakhs Maximum Rs. 20 Lakhs * Subject to underwritten policy. |
| POLICY TERM | 10 / 15 / 20 Yrs |
| PREMIUM POLICY TERM | 10 / 15 / 20 Yrs |
| PREMIUM PAYMENT MODE | Yearly Half-yearly Monthly Quarterly |
| MINIMUM ANNUALISED PREMIUM | Rs.5000 |
RIDERS (ADD ONS)
| Name | Description |
|---|---|
| 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. |