Shriram Life Endowment Plans
Endowment Life Insurance policies offers the insured three kinds of benefits under a single plan. The offer the triple benefit of saving, protection and tax benefits. Each offered by the company has its own set of unique features and benefits. The maturity term of these plans usually range between 10 to 20 years.
Why opt for Shriram Life Endowment Plans?
Shriram Life Insurance offers four kinds of Endowment Insurance Plans. Each plan is different from the other but they all offer the same benefit of savings, protection and tax benefit. There is an endowment plan for every customer and each plan offers guaranteed returns. These plans also come with different maturity terms to suit the life insurance needs of different customers.
Shriram Life Assured Income Plus
This is a non-linked, non-participating, endowment plan that is designed specially for clients who wants to pay premium only for five years.
Benefits:
- Offers guaranteed income in installments from maturity.
- Offers life cover of minimum 10 times the annualised premium.
- Offers tax benefits under section 80C of the Indian Income Tax Act, 1961.
Shriram Life Assured Income Plan
It is a guaranteed income that ensures that get the best of both- protection and savings.
Benefits:
- Offers life cover for the entire policy term.
- Offers assured regular income after the policy term.
- Offers tax benefits.
- Longer the term of the insurance policy, higher the income.
New Shri Life
New Shri Life is a non-linked, participating endowment plan that offers a systematic savings option along with protection.
Benefits:
- The plan offers life cover along with reversionary bonuses.
- Offers the insured the option of paying premiums in advance at discount.
- Offers additional protection through riders.
- Offers tax benefits under section 80C of the Indian Income Tax Act, 1961.
New Shri Raksha
New Shri Raksha is a non-linked, participating endowment plan that offers double cover insurance during the term of the policy.
Benefits:
- The plan provides twice the basic sum assured on death to offset monetary losses suffered by the insured's family
- The plan offers reversionary bonuses that will help the insured enhance their plan cover.
- The plan also offers additional riders that will help enhance the life cover of the plan.
New Shri Vidya
New Shri Vidya is a endowment insurance plan that let's you avail protection and save for your child's future at the same time.
Benefits:
- Offers sum assured along with a stream of monthly income in order to compensate for monetary losses.
- Additional sum assured will be paid in equal instalments at the end of every year for the last four years of the policy.
- The plan offers three types of additional riders.
New Shri Vivah
It is an endowment life insurance policy that offers you protection and lets you save up for the biggest day of your life.
Benefits:
- Offers double life insurance cover.
- Offers stream of monthly income on death to offset monetary losses.
- Provides sum assured at maturity along with bonuses.
- Offers tax benefits.
GST of 18% is applicable on life insurance effective from the 1st of July, 2017
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