Shriram Life Assured Income Plan

Shriram Life Assured Income Plan

SHRIRAM LIFE ASSURED INCOME PLAN
Presenting Shriram Life Assured Income Plan, which assures your family of the Income you have planned for them even in your absence. This plan not only helps you secure your family financially but also provides you assured returns on maturity. With regular income option under this plan you will receive your maturity amount in periodical payments of assured amount to help you fulfil your financial responsibilities and dreams with ease.

KEY FEATURES
1. Choice of Policy Term - 8/10/12/15 years

2. Assured Income benefits after the policy term

3. Higher benefits for higher premiums

4. Higher benefits for higher terms

5. Additional protection through riders

KEY BENEFITS
Maturity Benefits #

In case of survival of the life assured up to the end of the policy term and receipt of all the due premiums, the assured income payouts will be paid as scheduled at the start of each year after the end of the policy term during the Benefit Payout Period. However, the policyholder can also opt to receive the maturity benefit in lump sum at the time of proposal. The Lump sum Payout is same as Maturity Sum Assured.

The policyholder can change the option to receive the maturity benefit any time during the policy term, but preferably at least three months before the date of maturity.

If the life assured dies after commencement of the assured income, the outstanding assured income payouts will continue as scheduled to the nominee(s) or beneficiary(ies).

Death Benefits #

In case of death of the life assured during the policy term, provided all the due premiums till the date of death have been paid, death sum assured will be paid. The death benefit will be paid to the nominee or beneficiary in any of the following option exercised:

1. Assured Income Payouts

2. Lump sum Payout

3. 50% Death benefit as lump sum and remaining 50% as regular payouts i.e. the payouts will be 50% of the original payouts

ELIGIBILITY