Download Shriram Life PLans PDF

shriram-assured-advantage-plan

shriram life assured advantage plus

Download PDF
shriram-assured-income-plan

Shriram Life Assured Income Plan

Download pdf
shriram-life-assured-Income-plus

Shriram assured income plus

download pdf
shriram-genius-plan

shriram genius plan

Download pdf
shriram-golden-premier-plan

shriram golden premier plan

Download pdf
shriram-life-super-income-plan

Shriram Life Super Income Plan

Download pdf
shriram-life-new-akshay-nidhi-plan

Shriram Life New Akshay Nidhi

Download pdf

Shriram Life New Shri Life Plan

Download pdf

Shriram Life New Shri Vidya

Download pdf
Shriram Life Assured Advantage Plus

Shriram Life Assured Advantage Plus   is an Endowment Plan that provide you guaranteed returns along with a life insurance cover. This is a single premium plan where you only have to pay the premium one time and remain covered for 10 years.
Savings are essential for a stress free future, and if invested correctly in guaranteed plans, you and your loved ones are protected from the uncertainties of life.


Shriram Life Assured Income Plan

Presenting Shriram Life Assured Income Plan , which assures your family of the Income you have planned for them even in your absence. This plan not only helps you secure your family financially but also provides you assured returns on maturity. With regular income option under this plan you will receive your maturity amount in periodical payments of assured amount to help you fulfill your financial responsibilities and dreams with ease.


Shriram assured income plus

Shriram Life Assured Income Plus is a non-linked non-participating endowment assurance plan. This plan caters to customers who wish to invest only for a minimum fixed duration and reap predetermined annual benefits even after maturity. The plan offers life cover of minimum 10 times the annualized premium for age up to 50 years and 7 times the annualized premium for ages 51 years and above.


shriram genius plan

We know that our decisions today will help in shaping future of our children. We earn and save money for difficult times and for future milestones, but have you ever imagined what will happen to your family and to your child in your absence. Have you planned for such uncertainties?

We understand your need of security and savings for your loved ones and we now present a customized solution, Shriram Life Genius Assured Benefit Plan . This plan ensures peace of mind by providing guaranteed financial assistance to your child and your family.


Shriram Life Golden Premier Saver Plan

Shriram Life Golden Premier Saver Plan, specially designed to combine protection with savings while giving you the options to customize.

Option to choose the way you receive the maturity benefit– Lump sum or Income plus Lump sum


Shriram Life Super Income Plan

Shriram Life Super Income Plan specially designed to cater to long term financial needs of an Individual & his family. This plan gives you protection and guaranteed income till age 75. The Life Insurance cover till Age 75 assures that your family is financially protected even in your absence.


Shriram Life New Akshay Nidhi Plan
As a responsible and caring family member you have big dreams for your family which involves financial goals and commitments. To fulfill those dreams you need a tool which gives income at regular intervals. Shriram New Akshay Nidhi  is one such plan which offers periodical survival benefits apart from the maturity and death benefits.
Reversionary Bonuses to enhance your savings and life cover.

Periodical survival benefits to suit your financial needs.


Shriram Life New Shri Life Plan

Shriram Life New Shri Life Plan  is a non linked participating endowment plan. Besides being a systematic savings option, the plan acts as a reliable protection tool to your family in the event of a mishap. Shriram Life New Shri Life Plan is ideal because of the potential upside of reversionary bonuses which may be added to your life cover year after year and also the maturity benefit.Reversionary Bonuses to enhance your savings and life cover. Attractive high sum assured rebates also Additional protection through Riders.


Shriram Life New Shri Vidya

Your child’s future is the most important concern for you. With the soaring educational expenses in today’s life, giving good education will be tough unless it is planned. We have Shriram New Shri Vidya plan designed for you to make your child’s aspirations come true. The plan offers survival benefits to adjust according to your child’s education requirements and also insurance cover in case of any unfortunate event happens to you.


Key Benefits of Shriram Life All Plans

Maturity Benefit: The policy holder has the option to choose from the following 3 maturity benefit options;

Annual Payout – in this case the annual installments equal to 10% of (Single Premium multiplied by the Maturity Benefit Factor) will be paid for next 10 years starting from the date of maturity.

Monthly Payout – in this case the monthly installments equal to 0.862% of (Single Premium Multiplied by the Maturity Benefit Factor) will be paid for next 120 months starting from the date of maturity.

Lump Sum Payout – the Guaranteed Maturity Sum Assured equal to discounted value of installments using interest rate of 7.75% p.a. which is same as 73.12% of (Single Premium Multiplied by the Maturity Benefit Factor) will be paid on the date of maturity.

Death Benefit: For death during Policy Term, Death Sum Assured will be paid in lump sum to the nominee(s) or beneficiary (ies) and the policy will be terminated.

“Death Sum Assured” is defined as highest of

Basic Sum Assured
Guaranteed Maturity Sum Assured

Maturity Benefit – The maturity benefit will be paid as scheduled at the start of each policy year after the end of the policy term during benefit payout period. The life assured also has the option to take the assured benefit payout in lump sum. If the policyholder dies post commencement of the assured income, the outstanding assured income payouts will continue as scheduled to the nominee or beneficiary.

Death Benefit – In case of death of the policyholder, the death sum assured is payable in any of the following option exercised:

  • Lump sum OR
  • Regular payouts OR
  • 50% death benefit as lump sum and the remaining 50% as regular payouts.

The sum assured payable on death is defined as the higher of:

  • Policy term 8 years: 5x annualized premium
  • Policy term 10 years: 10x annualized premium for age < 45 years OR 7x annualized premium for age > 45 years and above.
  • 105% of all premiums paid till the date of death, excluding any rider premiums and taxes.
  • Death sum assured.
  • Maturity sum assured.

 

Maturity Benefits: On survival of the life assured up to the end of the policy term and provided the policy is in force, sum assured will be paid in five equal annual installments i.e. 20% of sum assured will be paid at the end of every year after maturity.

Death Benefits: In case of death of the life assured during the premium paying term, provided the policy is in force, “death sum assured” as defined in the brochure will be paid in lump sum to the nominee(s) / legal heir(s) of the Life assured and the policy will be terminated.

If the life assured dies any time after completion of policy term but before the commencement of installments, the installments will be paid to the nominee(s) or beneficiary(ies). There is no lump sum option.

Maturity Benefits: In case of survival of the life assured up to the end of the policy term, provided the policy is in force, the following benefits will be paid:

  • Sum Assured plus
  • Education Support Benefit

The Education Support Benefit shall be paid as per the option (Flat Payout/Increasing Payout) chosen by the policyholder at inception of the policy.This option cannot be changed during the policy term. There is no option to take the benefits under Education Support Benefit in lump sum.

Death Benefits: In case of death of the life assured within the policy term, provided the policy is in force, “Death Sum Assured” will be paid to nominee.

The policyholder can choose any of the following options for payment of death benefit.

  • Lump sum option
  • Installment option

This option shall be chosen at the time of proposal only and cannot be changed during the policy term.

Maturity Benefits:

  • Lump-sum Option: In case of survival of the life assured till the end of the policy term (provided the policy is in force), “Guaranteed Maturity Sum Assured” along with the accrued bonus (if any) and terminal bonus (if any) will be paid, provided all due premiums have been paid.
  • Income plus Lump sum Option: Income benefit equal to 10% of the sum assured shall be paid annually at the end of each of the last five policy years provided the policy is in force.
    In case of survival of the life assured till the end of the policy term, the lump sum benefit equal to 50% of the “Guaranteed Maturity Sum Assured” along with the accrued bonus (if any) and terminal bonus (if any) shall be paid.

Death Benefits:  In case of death of the life assured during the policy term provided the policy is in-force, “Death Sum Assured” along with the accrued bonus, (if any) and terminal bonus, if any, will be paid in lump sum to the nominee (s) or beneficiary (ies).

“Death Sum Assured” is defined as highest of the following : –

  • Absolute amount assured to be paid on death
  • 10 times the annualized premium
  • 105% of the Total Premiums Paid till the time of death
  • Guaranteed Maturity Sum Assured

“Absolute amount assured to be paid on death” is the ‘Sum Assured’ which is chosen by the policy holder excluding underwriting extra premiums, rider premiums and loading s for modal premiums, if any.

‘Total Premiums Paid’ is the sum of all premiums, paid till the date of death excluding any underwriting extra premiums, rider premiums, interest paid for revival and taxes.

Maturity Benefit : In case of the survival of the life assured till the end of the policy term provided the policy is in force, “Guaranteed Maturity Sum Assured” will be paid and the policy is terminated.

Where, “Guaranteed Maturity Sum Assured” is equal to 5 times the Annualized Premium.

Death Benefit: In case of death of the life assured during the Policy Term, provided the policy is in force, an amount equal to higher of “Death Sum Assured” or Surrender Benefit as applicable on the date of death will be paid in lump sum to the nominee(s) or beneficiary (ies) and the policy is terminated. Any Super Income Benefit paid will not be recovered from the death benefit.

Super Income Benefit: In case of survival of the life assured till the end of the premium paying term, provided the policy is in force, a Super Income Benefit of fixed monthly amount will be paid from the end of the premium paying term till the end of the policy term or until death, whichever is earlier.

Tax Benefits:  Tax benefits as per prevailing tax laws.Tax benefits are subject to changes according to the tax laws from time to time; please consult your tax advisor for details.

Maturity Benefits: In case of survival of the life assured up to the end of the policy term, provided the policy is in force, accrued Reversionary Bonuses plus Terminal Bonus (if any) will be paid.

Death Benefits:In case of death of the life assured during the policy term, provided the policy is in force, Sum assured on death plus accrued Reversionary Bonuses (if any) plus Terminal Bonus (if any) shall be paid to the nominee(s) / beneficiary(ies).

Maturity Benefits: In case of survival of the life assured up to the end of the policy term, provided the policy is in force, the Basic Sum Assured plus accrued Reversionary Bonuses plus Terminal Bonus (if any) will be paid.

Death Benefits: In case of death of the life assured during the policy term, provided the policy is in force, Sum Assured on Death + Accrued Reversionary Bonus (if any) + Terminal Bonus (if any) will be paid to the nominee(s)/ beneficiary(ies).

Where Sum Assured on Death is higher of –

10 times the Annualised premium
Basic Sum Assured

However, the death benefit will be at least 105% of All Premiums Paid till the date of death

Survival Benefits: In case of survival of the life assured up to the end of each of the last four years of the policy, provided the policy is in force, 25% of basic sum assured at the end of each of the last four years will be paid.

Maturity Benefit: In case of survival of the life assured up to the end of the policy term, provided the policy is in force, Accrued Reversionary Bonuses and Terminal Bonus (if any) will be paid.

Death Benefits: In case of death of the life assured anytime during the policy term, provided the policy is in force, the death benefit will be paid as mentioned below –

Sum Assured along with the accrued reversionary bonuses (if any) and terminal bonus (if any) Immediately on Death plus
Additional Benefit :
Family Income Benefit of 1% of the sum assured at the end of each month following the date of death till the end of the policy term but not less than 36 monthly payments
25% of the sum assured at the end of each of the last policy years

The option to receive entire death benefit in lump sum can be exercised by the policyholder anytime during the policy term or by nominee(s) at the time of death.
The Lump sum benefit payable at the time of death is equal to “Sum Assured on Death” along with Accrued Reversionary Bonuses (if any) and terminal bonus (if any).

Sum Assured on Death is higher of :–

10 times the Annualised Premium
Sum Assured plus discounted value of Additional Benefit at the end of month of the death

However the death benefit will be at least 105% of All Premiums Paid till the date of death.

The policy will not accrue any future bonuses after death.

how can we help you?

At The Singhania groups, it is our pleasure to provide you great customer experience. In case you require assistance, we have created multiple ways to reach out to us and We commit to resolving your queries to your satisfaction.

The Singhania Groups really helped us achieve our goals. Our fast and efficient services meets our customers needs at single platform.

placeholder
Vidhi Agarwal
Co-founder , The Singhania Groups

The Singhania Groups Provides various customer’s services at a single platform.

Finance & Accounting Services
  • Finance & Accounts, Tax (Direct & indirect), Fixed Assets Management
  • Reconciliation – parties, banks and inter countries
Systematic Investment Plan

Systematic Investment Plan is an investment strategy wherein an investor needs to invest the same amount of money in a particular mutual fund at every stipulated time period.

Insecure Loans

The Singhania Groups provides an unsecured loan taken by individuals from a bank or a NBFC to meet their personal needs. It is provided on the basis of key criteria such as income level, credit and employment history, repayment capacity, etc.

Goverment Bonds

A government bond is a type of debt-based investment, where you loan money to a government in return for an agreed rate of interest. Governments use them to raise funds that can be spent on new projects or infrastructure

Business Loans

A business loan is an unsecured form of credit designed to cover various expenditures in a business. Borrowers need not mortgage any asset to avail funds.

All Products of Shriram Life