Shriram Life Assured Advantage Plus

Shriram Life Assured Advantage Plus

SHRIRAM LIFE ASSURED ADVANTAGE PLUS
Shriram Life Assured Advantage Plus is an Endowment Plan where you have to pay premium only once and get dual benefits of Life Insurance and Guaranteed# Returns on Maturity.

This plan offers 2 options -
Option I : Life Cover is 10 times of Single Premium
Option II : Life Cover is 1.25 times of Single Premium

WHY BUY THIS PLAN?

We all want our savings to grow over a period of time and help us in fulfilling our dreams.

Be it your child's education/wedding or buying your dream car or a long family vacation abroad- put your trust in Shriram Life Insurance as, through Assured Advantage Plus, we insure you for uncertainties of life and provide you with Guaranteed# Returns in Lump Sum or in installments depending on your needs at that time. This plan ensures that dreams which you see for your family are not compromised even in your absence.

KEY FEATURES

1. Pay premium only once

2. Life Insurance for 10 years

3. Guaranteed #Returns after 10 years

4. 3 Maturity Benefit Options

5. Additional protection through Riders

6. Higher Maturity Benefit for Higher Premium Policies

KEY BENEFITS

Maturity Benefit#

The customer has 3 Payout Options to claim his Maturity Benefit -

1. Lump Sum on maturity date; Or

2. Annual Income for 10 years starting from maturity date; Or

3. Monthly Income for 120 months starting from maturity date

Death Benefit#

For Death during Policy Term: Death Sum Assured Will be paid in Lumpsum to the nominee(s) or beneficiaries and the policy will be terminated.

"Death Sum Assured" is defined as highest of -

a. Basic Sum Assured
b. Guaranteed Maturity Sum Assured

Where

Basic Sum Assured is equal to 10 times the single premium for Option I and 1.25 times the single premium for Option II.

Guaranteed Maturity Sum Assured is discounted value of the amount which is equal to the Single Premium multiplied by Maturity Benefit Factor payable in instalments using interest rate of 7.75% p.a.