Shriram Life Secure Plus Plan

• Avail life insurance cover at reasonable premium rates
• Get your premiums at the maturity of the policy
• Choose an appropriate rider/s to enhance protection
• Opt for the flexible premium payment mode
• Rebate on choosing higher Sum Assured

Death Benefit

In case of the untimely demise of the life insured within the policy term, the Death Sum Assured will be payable to the nominee. Death Sum Assured amount is higher of basic sum assured, maturity sum assured, 105% of all the premiums paid (till the date of death), or 10 times the annualized premium if the life insured is less than 45 years of age (7 times when 45 years & above).

Maturity Benefit

In case of survival of the life insured till maturity of the policy term, he/she is entitled to receive maturity sum assured which equals to return of all the premiums paid excluding taxes, rider premiums, and additional premiums, if any.

Surrender Benefit

The policy acquires surrender value, provided at least three policy years’ premiums are paid in full. The surrender benefit is higher of Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV).

You can additional cover through Accident Benefit Rider, Family Income Benefit & Critical Illness Cover.

Shriram Life Secure Plus Plan is eligible for Tax benefits as stated:

• Premiums paid, qualify for tax benefits as per Section 80C of the Income Tax Act.
• Death benefit(s) are entitled to avail tax benefits as per Section 10 (10D) of the Income Tax Act.

(Subject to the provision stated therein.)