Shriram Life cash Back Term Plan is a pure term plan providing affordable coverage and also returning the premiums paid in case the policyholder survives till maturity.
It is a pure term insurance plan with limited and regular pay premium paying option
|
Minimum |
Maximum |
Entry Age (Last Birthday) |
12 years |
50 years |
Maturity Age (Last Birthday) |
- |
75 years |
Policy Term (PT) in years |
10 |
25 |
Premium Paying Term (PPT) in years |
5, 7, 10, 15, 20, 25 |
|
Premium Paying Frequency |
Annual, half-yearly, quarterly, monthly |
|
Yearly Premium |
3000 |
No limit |
Sum Assured |
2,00,000 |
20,00,000 |
Annual premium in Rupees for a policy term and PPT of 15 years
Age |
30 years |
40 years |
50 years |
Sum Assured |
10 lakhs |
10 lakhs |
10 lakhs |
Premium |
16,700 |
23,850 |
41,850 |
Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.
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