On death, the Sum Assured on death and vested reversionary bonuses including terminal bonus if any is payable subject to a minimum of 105% of all premiums paid The Sum Assured on death will be higher of 10 or 7 times the annual premium paid or basic SA + additional death benefit The additional death benefit is the discounted value of the basic SA payable on maturity and Family Income Benefit which is the monthly income @ 1.5% of SA from date of death till end of term The benefit can be taken either in lump sum or the monthly incomes can be taken as and when they accrue On maturity, the basic Sum Assured and the vested reversionary bonus and Terminal Bonus, if any, is paid Income tax benefit on the premium paid as per Section 80C and on claims received as per Section 10(10D) of the Income Tax Act.
New Shri Vivah Plans is a traditional participating savings plan which is designed keeping in mind the huge expenses occurred in marriages. The plan provides enhanced benefits to tackle such expenses.
In case of suicide within 12 months of policy inception 80% of premiums paid will be paid and in case of suicide within 12 months of revival, higher of 80% of premiums paid or acquired Surrender Value will be paid
Loan is available under the plan @ 90% of Surrender Value
Policyholder has to fill up an `Application form/ proposal form with accurate medical history along with the address proof and necessary KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.
The following riders are available: a) Accident Benefit Rider b) Shriram Extra Insurance Cover c) Shriram Critical Illness cover Rider Rebates are allowed for high SA ranges of 5 lakhs and above Discounts in premium for advance premium payments
Details About Premium Benefit Illustration for a policy term and PPT of 10 years Policy Details Grace Period: 30 days grace period is allowed for payment of premium. If policyholder fails to make payment within the grace period, the policy lapses Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 3 or 2 full years premium has been paid. The Surrender Value will be higher of the Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV). GSV = GSV % of premiums paid and GSV of vested bonuses Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.
It is a participating plan with regular and limited premium payment options The plan promises lump sum benefits and monthly incomes thus enhancing the benefit structure
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Policyholder has to fill up an `Application form/ proposal form with accurate medical history along with the address proof and necessary KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.
The following riders are available: a) Accident Benefit Rider b) Shriram Extra Insurance Cover c) Shriram Critical Illness cover Rider Rebates are allowed for high SA ranges of 5 lakhs and above Discounts in premium for advance premium payments
It is a participating plan with regular and limited premium payment options The plan promises lump sum benefits and monthly incomes thus enhancing the benefit structure
urllinkcontent: The best preventive healthcare insurance policy for a healthy India nextrowlinkcontent https://insuremile.in/new-shri-raksha-plan/ urllinkcontent: Life insurance – Compare Shriram Life New Shri Raksha Term Insurance Plans – Insuremile nextrowlinkcontent https://insuremile.in/raksha-kavach/ urllinkcontent: General insurance – Compare Edelweiss Tokio Life Raksha Kavach- Insuremile nextrowlinkcontent https://insuremile.in/to-leverage-the-wealth-of-future-through-best-life-insurance-investment-plans/ urllinkcontent: To leverage the wealth of future through best life insurance Investment Plans nextrowlinkcontent https://insuremile.in/protect-your-motorcycle-and-moped-with-a-two-wheeler-insurance-policy/ urllinkcontent: Protect your motorcycle and moped with a two wheeler insurance policy nextrowlinkcontent https://insuremile.in/new-shri-vidya-plan/ urllinkcontent: Life insurance – Compare Shriram New Shri Vidya Term Insurance Plans – Insuremile nextrowlinkcontent https://insuremile.in/new-shri-life-plan/ urllinkcontent: Life insurance – Compare Shriram New Shri Life Plan- Insuremile nextrowlinkcontent https://insuremile.in/assured-income-accelerator-plan/ urllinkcontent: Kotak Assured Income Accelerator nextrowlinkcontent https://insuremile.in/sanchit-jeevan-bima-plan/ urllinkcontent: Sahara Sanchit Jeevan Bima Plan nextrowlinkcontent https://insuremile.in/childsurance-savings-protection-insurance-plan/ urllinkcontent: IDBI Child Insurance Savings Protection Plan nextrowlinkcontent https://insuremile.in/term-plan/ urllinkcontent: Life Insurance – Compare Term Plans quotes policy – InsureMile nextrowlinkcontent https://insuremile.in/dynamic-coverage-associated-with-asset-insurance-plans-and-policies/ urllinkcontent: Dynamic coverage associated with Asset insurance Plans and policies nextrowlinkcontent https://insuremile.in/get-benefits-at-the-affordable-premium-with-short-term-insurance-plans/ urllinkcontent: Get benefits at the affordable premium with short term insurance plans nextrowlinkcontent https://insuremile.in/money-back-life-insurance-policies-that-guarantees-insurance-along-with-investments-for-future/ urllinkcontent: Money back life insurance policies that guarantees insurance along with investments for future nextrowlinkcontent https://insuremile.in/term-insurance-return-of-premium/ urllinkcontent: Life Insurance – Compare Term Insurance Return of Premium Plans – Insuremile nextrowlinkcontent https://insuremile.in/idbi-federal-life-term-insurance-plans/ urllinkcontent: Life Insurance – Compare IDBI Federal Term Insurance Plans – Insuremile nextrowlinkcontent https://insuremile.in/go-for-the-monthly-income-policy-to-get-lots-of-benefits-in-your-life/ urllinkcontent: Go for the monthly income policy to get lots of benefits in your life nextrowlinkcontent https://insuremile.in/buy-online-general-insurance-travelling-insurance-plan-to-travel-safe/ urllinkcontent: Buy online general insurance travelling insurance plan to travel safe nextrowlinkcontent
In case of suicide within 12 months of policy inception 80% of premiums paid will be paid and in case of suicide within 12 months of revival, higher of 80% of premiums paid or acquired Surrender Value will be paid
Loan is available under the plan @ 90% of Surrender Value
On death, the Sum Assured on death and vested reversionary bonuses including terminal bonus if any is payable subject to a minimum of 105% of all premiums paid The Sum Assured on death will be higher of 10 or 7 times the annual premium paid or basic SA + additional death benefit The additional death benefit is the discounted value of the basic SA payable on maturity and Family Income Benefit which is the monthly income @ 1.5% of SA from date of death till end of term The benefit can be taken either in lump sum or the monthly incomes can be taken as and when they accrue On maturity, the basic Sum Assured and the vested reversionary bonus and Terminal Bonus, if any, is paid Income tax benefit on the premium paid as per Section 80C and on claims received as per Section 10(10D) of the Income Tax Act.
New Shri Vivah Plans is a traditional participating savings plan which is designed keeping in mind the huge expenses occurred in marriages. The plan provides enhanced benefits to tackle such expenses.
Details About Premium Benefit Illustration for a policy term and PPT of 10 years Policy Details Grace Period: 30 days grace period is allowed for payment of premium. If policyholder fails to make payment within the grace period, the policy lapses Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 3 or 2 full years premium has been paid. The Surrender Value will be higher of the Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV). GSV = GSV % of premiums paid and GSV of vested bonuses Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.
