Shriram Secure Investment Plan is a traditional savings plan with a one- time investment which yields great benefits to provide for the policyholder’s secured future
|
|
Minimum |
Maximum |
|
Entry Age (Last Birthday) |
30 days |
60 years |
|
Maturity Age (Last Birthday) |
- |
65 years |
|
Policy Term (PT) in years |
5 or 10 |
|
|
Premium Paying Term (PPT) in years |
Single pay |
|
|
Premium Paying Frequency |
Annual, half-yearly, quarterly, monthly |
|
|
Yearly Premium |
40,000 |
No limit |
|
Sum Assured |
49,600 |
No limit |
Premium in Rupees and the corresponding Sum Assured
|
Age |
30 years |
40 years |
50 years |
|
Premium |
50,000 |
50,000 |
50,000 |
|
Sum Assured for 5 year term |
62,500 |
62,500 |
62,500 |
|
Sum Assured for 10 year term |
80,500 |
80,000 |
78,500 |
Grace Period: grace period is not applicable in single pay plans
Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy whereupon the Surrender Value will be paid which will be higher of the Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV).
GSV = GSV % of Single premium paid
Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.
Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and necessary KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.
