Shriram New Shri Vivah Plan

Shriram New Shri Vivah Plan is an affordable, easy-to-obtain financial security net for you and your loved ones. It pays a lump sum payment in case of unfortunate death helping your family to reduce their debts.

Key Features

  • Double life insurance cover plus stream of monthly income on death to offset monetary losses.
  • Sum assured at maturity along with bonuses.

Benefits

  • Maturity Benefit:
In case of survival of the life assured up to the end of the policy term and provided all the due premiums have been paid, basic 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, the following benefits are paid to the nominee or beneficiary.
1) Sum assured on Death
2) Accrued Reversionary Bonuses plus Terminal Bonus, if any, immediately on death.
The accrued reversionary bonuses and the terminal bonus, if any, will be paid immediately on death. The policy will not accrue any future bonuses after death

Am I eligible?

PARAMETER MINIMUM MAXIMUM
ENTRY AGE 18 years 50 years
AGE OF MATURITY - 70 years
SUM ASSURED Rs.100,000 NO LIMIT
PREMIUM PAYMENT TERM 10/15/20 years
POLICY TERM 10/15/20 years
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