Shriram Life Super Income Plan

Shriram Life Super Income Plan

ABOUT THE PLAN
Shriram Life presents Shriram Life Super Income Plan specially designed to cater to long term financial needs of an individual & his family. These needs are fulfilled under the plan in the following ways -

1. Financial Security - Through Life Insurance cover till Age 75

2. Financial Stability - Through Guaranteed Monthly Income till Age 75 & the Lump Sum paid at Maturity

3. Financial Control - Through Flexibility to change Premium Payment Term

KEY FEATURES
1. Life insurance Cover till 75

2. Guaranteed #Monthly Income till 75

3. Guaranteed # Maturity Sum Assured

4. Wide range of Premium Payment Term

5. Flexibility to change Premium payment term

6. Additional protection through Riders

KEY BENEFITS
Super Income Benefit#

In case of survival of the life assured till the end of the premium paying term, provided the policy is in force, a Super Income Benefit of fixed monthly amount will be paid from the end of the premium paying term till the end of the policy term or until death, whichever is earlier.

Maturity Benefit #

In case of the survival of the life assured till the end of the policy term provided the policy is in force, "Guaranteed Maturity Sum Assured" will be paid and the policy is terminated.

Where
"Guaranteed Maturity Sum Assured" is equal to 5 times the Annualized Premium &.

Death Benefit #

In case of death of the life assured during the Policy Term, provided the policy is in force, an amount equal to higher of "Death Sum Assured" or Surrender Benefit as applicable on the date of death will be paid in lump sum to the nominee(s) or beneficiary (ies) and the policy is terminated. Any Super Income Benefit paid will not be recovered from the death benefit.

Tax Benefits

Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.

ELIGIBILITY