Shriram Secure Investment Plan

Shriram Secure Investment Plan is a one-time investment and insurance plan where you pay premium only once and get the dual benefit of a life insurance and investment return. This is an ideal plan to maximize the returns of your lump sum cash surplus.

Key Features

  • Invest once and get guaranteed maturity benefit and also life cover.
  • Reap the benefit of investments without the commitment of paying premiums regularly.
  • Tax benefits as per laws

Benefits

  • Maturity Benefit:
In case of survival of the life assured up to the end of the policy term, guaranteed maturity benefit as defined below will be paid. Maturity benefit = Guaranteed maturity benefit factor multiplied by single premium
  • 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 life assured during the policy term, Sum assured on death will be paid to the nominee or beneficiary

Am I eligible?

PARAMETER MINIMUM MAXIMUM
ENTRY AGE 30 days 60 years
AGE OF MATURITY - 65 years
SUM ASSURED Rs.49,600 NO LIMIT
PREMIUM PAYMENT TERM Single
POLICY TERM 5/10
PAYMENT MODES One time

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