shriram life - Assured Income Plan

Shriram life - Assured Income Plan

..........Non linked - Non participating

This plan helps in multiple ways....children's education, retirement, elderly parents care, etc., the plan is a guaranteed income plan and is a solution to take care of all the cash flow requirements.

key benefits:

* Life cover for the full policy term

* longer the term -  higher the income

* get assured regular income after the policy term

* fixed policy term - 8 or 10 years

* additional protection through riders




ELIGIBILITY:


Minimum age at entry: 30 days

Maximum age at entry: 50 years

Maximum maturity age: 58 years age/60 years

Policy term: 8 or 10 years

Benefit & premium paying term: same as policy term

Minimum annual premium: Rs.15,000/-

Maximum annual premium: Rs.5,00,000/-

Basic sum assured: 8 * annualised premium  10 * annualised premium





MATURITY BENEFIT:

After paying complete premiums, the assured income payouts will be paid as scheduled a the start of each policy year after the end of the policy term during benefit payout period or the life assured will also have an option to take the assured benefit payout in lump sum.

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shriram life - GENIUS

SHRIRAM LIFE GENIUS - ASSURED BENEFIT PLAN

GENIUS insurance plan is assured benefit plan and a non linked non participating life insurance plan.

Key benefits:

* Guaranteed benefits

* Maturity benefit that suits your child's higher education dream

* Comprehensive life insurance cover

* Flexibility in receiving education support benefit on maturity

* Auto cover 

* Tax Benefit


Eligibility:

Age at entry: 18 to 45 years

Maximum maturity age: 63 years

Policy term : 10 to 18 years

Premium paying term: 10 years

Sum assured range: Minium Rs. 2,00,000

Premium: Minimum Annual premium Rs. 21,732

Premium paying mode: Annual or monthly

Maturity benefit:

In case of survival of the life assured up to the end of the policy term and all the premiums have been paid, then

1. Guaranteed maturity sum assured plus

2. Education support benefit

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shriram life - ASSURED INCOME PLUS

SHRIRAM LIFE ASSURED INCOME PLUS

..............A non linked non participating life insurance plan

It is a wonderful insurance policy who wants to pay for limited period and interested in non linked non participating plan.  This plan is an endowment assurance plan.  In this plan one has to pay only for FIVE YEARS and can receive the benefits in five equal annual instalments after maturity.  A person gets life cover of 10 times the annualized premium for ages 50 and 7 times the annualized premium for ages 51+.

plan at a glance:

Minimum age at entry: 8 years age last birthday

Maximum age at entry: 60 years age last birthday

Maximum maturity age: 70 years age last birthday

Policy term: 10 years

Premium paying term: 5 years

Minimum annual premium: Rs.20,000

Maturity benefit:

In case of survival of the life assured upto the end of policy term and all the premiums have been paid, sum assured will be paid in five equal annual instalments i.e. 20% of sum assured will be paid at the end of every year after maturity.

Guaranteed income in Instalments from maturity  * payment of premiu for limited period * Tax Benefit 

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WHY INSURANCE?

Insurance and its importance:

Insurance gives the financial stability and financial security to each and every one of us.  Insurance is required though we have large regular savings and big earning capacity. Always we should remember that there will be a situation where insurance policy can save us from difficult situations.  Because of having an insurance policy one can avoid financial crisis.  As we all know that because of the natural disasters, one can lose home, car and even life also, but if we possess an insurance policy, we can avoid financial troubles.  Insurance releases the uncertainty.  We can understand that insurance is nothing but transfers of the maximum loss risk from one person to another.

we can summarise some of the benefits of insurance...

- business losses can be reduced

- gets financial stability

- free from tension

- security to children

- moral support to family members

- can maintain normal life style. 

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