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This rider gives you additional life cover to provide for your financial commitments towards your family in your absence.
Extra Insurance Cover Offline
SHRIRAM EXTRA INSURANCE COVER RIDER
A Non-Linked Non-Participating Term Rider
This rider gives you additional life cover to provide for your financial commitments towards your family in your absence.
This Rider can be chosen by the policyholder along with the base plan for a nominal premium*, either at inception of the policy or at policy anniversary, provided that it meets the eligibility conditions.
*Subject to the condition that the premiums under all life insurance riders put together shall not exceed 30% of the base plan premium.
BENEFITS UNDER THE RIDER*
Maturity Benefits
No maturity payable
Death Benefits
In case of death of the life assured during the rider cover term, Sum Assured under the rider is payable to the nominee.
*Provided the base policy is in force. The rider benefit will cease immediately if the base plan is terminated or discontinued. The rider benefit will also cease when a claim is paid.
Covered
In case of death of the life assured during the rider cover term, Sum Assured under the rider is payable to the nominee.
Not Covered
No maturity payable.
