Shriram Life Cash Back Term

Shriram Life Cash Back Term

SHRIRAM LIFE CASH BACK TERM PLAN
Shriram Life Cash Back Term Plan is an affordable, easy-to-obtain financial security net for you and your loved ones. It has a lump sum payout in case of unfortunate death helping your family reduce their debts thereby protecting their financial security. At the same time the premiums paid towards this policy will be returned on maturity.

KEY FEATURES

1. Insurance cover at affordable rates.

2. Return of premiums at maturity.

3. Additional protection through RIDERS.

KEY BENEFITS

Maturity Benefits #

In case of survival of the Life Assured till the end of the policy term, all the premiums paid during the term of the policy excluding any extras, rider premiums and taxes will be returned.

Death Benefits #

In case of death of the life assured during the policy term, provided all the due premiums have been paid, till the date of death "Death Sum Assured" will be paid

"Death Sum Assured" is defined as highest of

1. 10 times the Annualised Premium
2. 105% of All Premiums Paid till the date of death
3. Sum Assured
Where
Sum Assured is the amount chosen by the policyholder at the time of proposal.

Annualised Premium means the premium payable in a year chosen by the policyholder excluding the taxes underwriting extra premiums, rider premiums and loadings for modal premiums, if any.

All Premiums Paid is the total of all premiums paid till the date of death excluding any extra premiums, any rider premiums, and taxes.