Shriram Life Smart Protection Plan

Shriram Life Smart Protection Plan

SHRIRAM LIFE SMART PROTECTION PLAN
We share memorable Events with our family and our loved ones. We work hard to ensure that we provide prosperity to our family members. While we enjoy and cherish those moments we also need to ensure that we have secured our family towards unfortunate events of life. To meet such needs Shriram Life presents Smart Protection Plan, a pure term plan available at an affordable premium. It provides life cover along with optional Accidental Cover or Critical Illness Cover.

KEY FEATURES

1. Annual premium as low as Rs.2,000.

2. Option to avail enhanced protection.

a. Silver Option: Life Cover.

b. Gold Option: Life Cover with in-built Accidental Death Benefit.

c. Diamond Option: Life Cover with in-built Critical Illness Benefit.

3. Long term cover of up to 30 years.

This options shall be chosen at the time of proposal only and cannot be changed during the policy term. The premium rates under the three options will vary based on the type of option chosen.

T & C apply

*KEY BENEFITS

Death Benefit#

In case of death of the life assured within the policy term, provided the policy is in force,

1. Silver Option :"Death Sum Assured" is paid to the nominee and the policy terminates
2. Gold Option :"Death Sum Assured" is paid to the nominee and the policy terminates.
In case of Accidental death1, an additional benefit equal to death sum assured is paid to the nominee & the policy terminates.
3. *Diamond Option :
i. If death occurs first :"Death Sum Assured" is paid to the nominee and the policy terminates.
ii. If Critical Illness occurs first : On first diagnosis of any of the covered critical illnesses2, a critical illness benefit of 25% of Sum Assured is paid and the policy continues for life cover only till the end of the policy term. On death of the life assured during the rest of the policy term "Death Sum Assured" less the critical illness benefit already paid will be paid and the policy terminates.
The future premiums after the incidence of the covered critical illness shall be waived.

*Diamond option is not applicable for POS

*provided all the premiums are paid and the policy is in force.