Genius Assured Benefit Plan

Shriram Life Genius Assured Benefit Plan is a traditional plan where all the benefits are guaranteed. This plan offers a unique blend of life insurance and maturity benefit by paying premium for 10 years. This plan is ideal for you if you are looking for complete protection of your family and providing financial support to your child's dream.

Key Features

  • 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 (available only once during premium paying term) Enhanced protection with Riders

Benefits

  • Tax Benefit
Tax benefits are subject to conditions specified under section 10(10D) and section 80C of the Income-tax Act, 1961. Tax laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant. Service Tax & Cess, as applicable shall be levied over and above premium amount shown here as per applicable tax laws.
  • Death Benefit
On death of annuitant the annuity payments will cease and a death benefit of 100% of the purchase price will be paid to the nominee. The policy will be terminated on payment of death benefit

Am I eligible?

PARAMETER MINIMUM MAXIMUM
ENTRY AGE 18 years 45 years
MATURITY AGE - 63 years
SUM ASSURED Rs.200,000 No limit
PREMIUM PAYMENT TERM 10 years
POLICY TERM 10 years 18 years
PAYMENT MODES Annual or Monthly

What if?

I am unable to pay the premium

  • Grace period of 30 days will be provided and you should pay the premium with in the specified time period.

I want to take a loan

  • No Such option is available under this policy