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
