Shriram New Shri Raksha Plan

Shriram Life New Shri Raksha Plan is a non-linked participating plan which offers double insurance cover during the term. The Plan also provides for whole life insurance cover after the policy term apart from sum assured on survival at maturity.

Key Features

  • Twice the basic sum assured on death to offset monetary losses.
  • Additional basic sum assured on death after the policy term.
  • Reversionary Bonus to enhance your savings and life cover

Benefits

  • Maturity Benefit:
In case of survival of life assured up to the end of the policy term, Sum Assured plus Accrued Reversionary Bonuses and Terminal Bonus, if any, will be paid
  • 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
In case of death of the life assured during the policy term, provided all the due premiums have been paid till the date of death, Sum assured on death plus Accrued Reversionary Bonuses plus Terminal Bonus, if any are paid to the nominee or beneficiary.

Am I eligible?

PARAMETER MINIMUM MAXIMUM
ENTRY AGE 18 55
AGE OF MATURITY - 75
SUM ASSURED Rs.150,000 NO LIMIT
PREMIUM PAYMENT TERM 10/15/20/25
PAYMENT MODES Yearly, Half Yearly, Quarterly, Monthly

What if?

I am unable to pay the premium

  • Grace period of 30 days will be provided

I want to take a loan

  • Such option is available under this policy