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The plan is a micro insurance term plan and provides life cover at a low cost to the socially weaker sections of the society.
Shriram Grameena Suraksha Plan
SHRIRAM GRAMEENA SURAKSHA PLAN
Shriram Grameena Suraksha is a non linked non participating term insurance plan. The plan is a micro insurance term plan and provides life cover at a low cost to the socially weaker sections of the society.
The plan offers life cover in two options:
Option I: Pure term assurance.
Option II: Term assurance with return of premiums on maturity.
KEY BENEFITS
Maturity Benefits#
Option I: In case of survival of the life assured up till the end of the policy term, no benefit is paid.
Option II: In case of survival of the life assured up till the end of the policy term, "Total Premiums paid" will be paid to the policy holder.
Death Benefits#
In case of death of the life assured during the policy term, "Death Sum Assured" will be paid to the nominee or beneficiary.
Tax Benefits:
Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.
Covered
Tax benefits are as per Income Tax Laws & are subject to change from time to time.
Covered
In case of death of the life assured during the policy term, Death Sum Assured will be paid to the nominee or beneficiary.
Option1:Not Paid, Option 2: Paid
Option I: In case of survival of the life assured up till the end of the policy term, no benefit is paid. Option II: In case of survival of the life assured up till the end of the policy term, Total Premiums paid will be paid to the policy holder.
