Shriram Life Assured Income Plus

Shriram Life Assured Income Plus

SHRIRAM LIFE ASSURED INCOME PLUS
Shriram Life Assured Income Plus is a non-linked non-participating endowment assurance plan. This plan caters to the of customers who wish to invest only for a minimum fixed duration and reap annual benefits even after maturity. The plan offers life cover of minimum 10 times the annualized premium& for age up to 50 years and 7 times the annualized premium& for ages 51 years and above.

KEY FEATURES

1. Pay premium for only 5 years

2. Life cover for 10 years

3. Assured Income for 5 years from Maturity

4. Lower Premium for High Sum Assured

5. Additional protection through Riders

KEY BENEFITS

Maturity Benefits#

On survival of the life assured up to the end of the policy term and provided the policy is in force, sum assured will be paid in five equal annual installments i.e. 20% of sum assured will be paid at the end of every year after maturity.

Death Benefits#

In case of death of the life assured during the premium paying term, provided the policy is in force, "death sum assured" as defined in the brochure will be paid in lump sum to the nominee(s) / legal heir(s) of the Life assured and the policy will be terminated.

If the life assured dies any time after completion of policy term but before the commencement of installments, the installments will be paid to the nominee(s) or beneficiary(ies). There is no lump sum option.

ELIGIBILITY