Shriram Life Saral Jeevan Bima

Shriram Life Saral Jeevan Bima

SHRIRAM LIFE SARAL JEEVAN BIMA
This Policy will cover death due to accident only during the waiting period of 45 days from the date of commencement of risk

Life is full of uncertainties and we must hedge ourselves against them. We have to look after our families and ensure they are taken care of even in our absence. Shriram Life Saral Jeevan Bima is just the plan you have been looking for! This life insurance plan is simple and straightforward and provides your family with financial stability in your absence. Choose from a wide range of policy terms, premium payments terms and modes to suit your needs. This plan also gives you the option to opt for our Accident Benefit Rider.

KEY FEATURES

1. Wide range of Policy Terms - 5 to 40 years.

2. Multiple Premium Payment options - Regular, Limited, Single.

3. Choice to enhance protection with optional rider.

KEY BENEFITS

Death Benefit#

Death during waiting period
On death of the Life Assured during the waiting Period and provided the Policy is in force, the Death Benefit amount payable to the nominee or beneficiary as a lump sum is equal to:

1. "Death Sum Assured" in case of death of the life assured due to accident
2. 100% of total Premiums paid excluding taxes, if any in case of death of the life assured due to other than an accident.

Death after waiting period
On death of the Life Assured after the expiry of waiting period but before the stipulated date of maturity and provided the Policy is in force, the Death Benefit amount equal to "Death Sum Assured" is payable to the nominee or beneficiary as a lump sum.

Waiting Period
Waiting period is a period of first 45 days from the date of acceptance of risk. The policy will cover deaths due to accidents only during the waiting period. For death due to other than accident during the waiting period, 100% of premiums received excluding taxes will be paid. In case of revival, the waiting period is not applicable.