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Mortality Charges
Accident Shield Rider
Shriram Critical Illness Cover Rider
All Causes Total and Permanent Disability Rider
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| Event |
Maturity / Death Benefits payable |
Death Benefit
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Sum assured plus the value of the units in the Life Assured's unit account plus top up sum assured along with top up fund value(if any) is payable to the nominee provided the policy is in force. If the policy is in discontinous state,the death benefit is the discontinued fund value under the policy with an addition of minimum interest @ 3.5 %pa compounded yearly from the date of discontinuance and will be paid to nominee immediately.
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Maturity Benefit
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On survival of the Life Assured up to the end of the policy term, unit fund value plus top up fund value (if any) will be paid on maturity.
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| Condition |
Limit |
| Minimum age at entry |
7 |
| Maximum age at entry |
65 |
| Maximum maturity age |
75 |
| Policy term |
10 years (fixed) |
| Premium payment term |
Same as policy term. |
| Minimum annual premium |
Rs. 30,000 |
| Mode of premium payment |
Yearly |
| Minimum Sum Assured |
| For age at entry below 45 years |
10 times of annualized premium |
| For age at 45 years & above |
7 times of annualized premium |
| Maximum Sum Assured |
Subject to underwriting considerations |
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