Endowment Life Insurance Plans:

A traditional insurance plans, Endowment Life Insurance Plans offers policyholders triple profit in one single plan- saving, insurance and tax benefits. These plans are apt for those who want a guaranteed return. This policy provides insurance coverage to the investor during the policy term.


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Shriram New Shri Life Plan

Shriram New Shri Life Plan (UIN-128N047V01)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 case of any adverse mishap to you. Shriram New Shri Life Plan is ideal because of the potential upside of reversionary bonuses which may be added to your life cover year by year and also the maturity benefit.
Plan Details



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New Shri Vidya

Shriram New Shri Vidya Plan (UIN-128N051V01) is 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.
Plan Details



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New Shri Vivah

Wedding is an auspicious and lifetime event which brings joy and hapiness in one's life. To make it more memorable and happiest event, it has to be well planned and properly financed. We understand this responsibility of yours and stand beside you with our Shriram New Shri Vivah Plan.
Plan Details

Endowment Life Insurance Plans:

A traditional insurance plans, Endowment Life Insurance Plans offers policyholders triple profit in one single plan- saving, insurance and tax benefits. These plans are apt for those who want a guaranteed return. This policy provides insurance coverage to the investor during the policy term. At the completion of policy term, the insured receives back a sum of money. The maturity of the plan usually ranges between a period of 10 years to 15 or 20 years. It is suitable for those who are looking for a long-term investment and a large amount of corpus at the end of their policy.

Types of Endowment Plans: Endowment plans can be broadly divided into two types.

Endowment without profit: Under this plan, the beneficiary receives the assured corpus at the death of policyholder. This plan does not offer any bonus on the amount paid. It is suitable if you are looking for a life cover.

Endowment with profit: In this plan, the policyholder, if survives the policy term, receives the assured corpus along with bonuses at the time of maturity. In case of the death of the insured, the beneficiary gets the assured amount as well as bonus for the number of years the policy was in effect.


Why Endowment Insurance Plans?

  • These are low risk plans, offering guaranteed returns to the policyholder
  • In case of policyholder's demise the assured amount is paid to the nominee
  • Secures the future of loved ones, offers financial security
  • Offers tax benefits as per the prevailing tax laws. The assured sum received by the insured upon maturity is tax-free.
  • Offers slow yet steady returns, as they are not linked to market
  • Allows the policyholder to choose from a wide range of additional riders, as per his/her requirements. Some of these are Accidental Death Benefit, Accidental Permanent, Hospital cash Benefit, Total or Partial Disability Benefit, Family Income Benefit, Waiver of premium Benefit, Critical Illness Benefit, etc.

Guaranteed returns: These plans ensure that a stipulated amount is paid at the end of the term. If the policyholder lives until the maturity, he/she is given the assured amount. However, in case of the death of the insured, the amount is transferred to the nominee.

Additional Bonuses: The policyholders with with-profit plans are provided with some additional bonuses as well. Under this, additional amount is added to returns at the time of maturity of the policy or in case policyholder's death. Reversionary Bonus and Terminal Bonus are two types of bonuses.

Things to remember: It is advisable to take the endowment plan for a minimum period of 15-20 years. The amount policy holder receives at the time of maturity is directly related to the number of years of accumulation.

The endowment plans offers the surrender value after payment of 2 years of premiums. In case of any emergency, the policy holder can request for surrender amount after 2 years. It is also to be noted that the surrender amount is lower than the total premiums paid in the initial years.

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