Shriram Secure Investment Plan – A person’s possession of comprehensive insurance with an investment option is crucial. The majority of people purchase life insurance to ensure their loved ones’ financial security in the event of their death. However, for many, a fundamental insurance policy does not provide sufficient protection. The Secure Investment Plan offered by Shriram Life Insurance is the best option for those who would like to leave a significant sum to their loved ones in the event of the insured person’s untimely death.
Shriram Secure Investment Plan 2024 is a comprehensive investment plan that provides long-term returns for investors. The objective of the plan is to provide fixed income products, equity products, and hybrid products to investors who want to participate in the Indian growth story. The plan offers a number of benefits, such as tax breaks and higher returns. In this article, we’ll discuss the details of the plan and how you can get involved.
Shriram Secure Investment Plan 2024
Shriram Life Secure Investment Plan, in contrast to numerous other life insurance policies, does not require policyholders to pay premiums on a regular basis. There is only one premium for this plan. Those who select this plan will receive investment return and insurance coverage. As referenced before, if you need to expand the single amount benefit your friends and family will get when you are no longer there, this is the ideal arrangement for you.
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Shriram Secure Investment Plan 2024 Overview
| Name Of Article | Shriram Secure Investment Plan 2024 |
| Shriram Secure Investment Plan 2024 | Click Here |
| Category | Insurance |
| Official Website | Click Also |
Who is eligible to participate in the Shriram Life Secure Investment Plan?
If you’re looking to make an investment in life insurance, then you’ll want to consider the Shriram Life Secure Investment Plan. This plan is designed for high-income individuals who want to secure their financial future in case of an unexpected death. Eligible participants include entrepreneurs, business owners, executives, professionals, and anyone who earns more than Rs. 1 crore per annum. So if you’re someone who ambitious and wants to protect your family, the Shriram Life Secure Investment Plan is the perfect option for you.
To purchase the Shriram Life Secure Investment Plan, you must meet the following eligibility requirements
| Parameter | Details |
| Plan Type | Non-linked, Non-participating Life Insurance Plan |
| Minimum Entry Age | 30 years |
| Maximum Entry Age | 60 years |
| Maximum Maturity Age | 65 years |
| Policy Term | 5 and 10 years |
Sum Assured and Premium Range: What do you get for your money?
Are you looking for a high-quality mattress that won’t break the bank? If so, you should check out the Sum Assured and Premium Range. These mattresses are some of the best on the market, and they come with a host of features that make them stand out from the rest. So what do you get for your money? Read on to find out!
Policyholders who purchase the Shriram Life Secure Investment Plan will have the opportunity to select the policy term. The amount insured under this plan is determined by the policyholder’s choice of term at policy inception.
| Parameter | Details |
| Sum Assured | For a five-year policy, the minimum amount insured is Rs. 49,600.The base total guaranteed for 10-year strategy period is Rs.77,000. |
| Premium Payment Term | Single |
| Minimum Single Premium | For a five-year policy, the single minimum premium is Rs. 40,000.The base single premium for 10-year strategy period is Rs.50,000. |
| Maximum Single Premium | No limit. Subjected to approval from the board |
Plan Coverage – What the Shriram Life Secure Investment Plan Covers?
At Shriram Life Secure Investment Plan, we believe that one’s life should be covered in case of an unexpected event. That’s why we offer a wide range of insurance products that cater to every need and budget. Our products include life insurance, health insurance, accident insurance, and pet insurance. In this post, we’ll discuss in detail what the Shriram Life Secure Investment Plan covers. So whether you’re looking for basic protection or something more comprehensive, you’ll be able to find the right product for you here.
| Death Benefit | The Shriram Life Secure Investment Plan will pay the insured person’s death benefit in the event of their death. The death benefit will be greater than 125% of the initial premium. | ||||||||||||||||||||||||||||||||||||||||||||||||
| Maturity Benefit | The policyholder is eligible to receive the guaranteed maturity benefit under this plan if they survive the policy term.
The maturity benefit factors for 10 years policy term are as follows:
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| Guaranteed Surrender Value | The policyholder will be able to surrender the policy at any time during the plan’s duration under this plan.
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| Loan Facility | The policyholder can get a loan through this plan. Loans can be obtained up to 90 percent of the policy’s guaranteed surrender value. |
If a policyholder wants more protection, they can add an add-on to their base policy. Please be aware that riders will not be available when the Shriram Life Secure Investment scheme is issued. However, subject to regulatory approval, the insurance company may permit riders under this plan in the future.
Other Key Features of Shriram Life Secure Investment scheme:
If you’re looking for an investment scheme that offers you stability and diversification, then Shriram Life Secure Investment scheme may be the right option for you. With an assured return of 8-9% per annum, this scheme is ideal for those who are looking for a long-term investment. Plus, there are no hidden fees or charges – everything is disclosed upfront so that you know exactly what you’re getting into. If you’re interested in exploring this scheme further, here are some other key features that you should know about.
The Shriram Life Secure Investment plan also has the following other important features:
| Nomination | Nomination facility is available as per Section 39 of the Insurance Act, 1938. |
| Assignment | Assignment facility is available as per Section 38 of the Insurance Act, 1938. |
| Free Look Period | The policyholder has a 15-day free look period to cancel the Shriram Life Secure Investment and receive a refund of any premiums paid. The free look period for policies purchased through distance marketing lasts for 30 days after the policy document is received. |
| Loan Facility | Loan facility is available under this scheme. |
Please be aware that the Shriram Life Secure Investment program excludes suicide as one of its exclusions.
Suicide exclusion: If the life insured takes their own life within a year of the date the insurance policy was issued, the nominee will be entitled to 80 percent of the premiums paid, minus service tax, as long as the policy is active. The insured will be responsible for paying either the surrender value that was available on the date of death or 80% of the premium paid, minus service tax, until the insured’s death, whichever is greater.
Tax Benefits: How the Shriram Life Secure Investment program can help you save money
Under Section 80C of the Income Tax Act of 1961, policyholders who have purchased the Shriram Life Secure Investment Plan will be eligible for tax benefits.
Why you should choose the Shriram Life Secure Investment Plan?
In India, Shriram Life Insurance is a well-known brand. They consistently introduce novel insurance products for a variety of social groups, making them one of the leading providers of life insurance. Shriram Life Insurance offers a variety of insurance plans, all of which come with excellent benefits and features at reasonable prices. In addition, they have offices in more than 500 cities and towns all over India. People who want to protect their lives or make plans for the future are very familiar with their individualized insurance plans. Shriram Life Insurance offers a variety of other types of plans in addition to investment plans, such as unit-linked plans, pension plans, endowment plans, insurance plans specifically designed for women and children, group insurance plans, and so on.
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