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Insurance Company
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Shriram Life Insurance Company Ltd
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Plan Name
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Shriram Credit Guard Plan
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Plan Nature
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TRADITIONAL
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Plan Category
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Protection Plan
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UIN No.
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128N033V01
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About Plan
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Shriram Credit Guard group insurance product is basically to protect the Financial Institutions/Banks etc, against default of repayment of loan, by their customers who have taken Loans and agree to repay the same in Equated Monthly Installments over a period of time, ranging from one year to ten years, in case of their untimely death during this repayment period.
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Minimum Entry Age
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20 Years
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Maximum Entry Age
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64 Years
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Minimum Policy Term
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1 Years
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Maximum Policy Term
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10 Years
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Benefits
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| No data for Benefits |
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Tax Benefits
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| No data for Tax Benefits |
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The Risk Cover amount is the outstanding loan amount at the begining of every month as per the outstanding loan amount Schedule after payment of the Equated Monthly Installment provided at the time of taking the loan by the Member.
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The death benefit will be equal to the loan outstanding at the beginning of the month of death of the Member, as per the loan schedule, which is paid immediately to the loan provider by the Insurer.
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The Premium is paid only once i.e. at the time of sanction of loan to the member, by the loan provider after colecting the same from the Member.
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There is no survival benefit under this product.
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The product is offered as a Contributory Scheme and the Scheme is compulsory for all members taking Loans from the Loan provider.
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10-Jun-09
14:26
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Increasing stake in Shriram Life Insurance : Sanlam
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29-Jan-09
16:51
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Insurers to inform consumer on bouncing of cheque
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29-Oct-08
12:05
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IRDA asks ULIP performance report
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