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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 Investment Guarantee Plan
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Plan Nature
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ULIP
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Plan Category
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Protection Plan
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UIN No.
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128L021V01
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About Plan
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NA
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Minimum Entry Age
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0 Years age last birthday
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Maximum Entry Age
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50 Years age last birthdayIf life assured is a minor on commencement of policy, risk cover starts after age 7 last birthday or 2 years from the date of the commencement whichever is later.
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Minimum Annualized Premium
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Rs. 12,000
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Premium Paying Term
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15 Years
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Duration of the Plan
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15 Years
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Minimum Sum Assured
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5 times the Annualized Premium
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Maximum Sum Assured
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5 times the Annualized Premium
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Minimum Premium
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Yearly mode: Rs. 12,000.Half Yearly mode: Rs. 6,000Quarterly mode: Rs. 3,000Monthly under ECS mode only: Rs.1,000.
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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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This is a regular premium unit linked Insurance product with guarantee. This plan can be used by the policyholders to enjoy the benefits of investment market with a guarantee of 110% of premiums on maturity. In addition, it provides adequate insurance protection.
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On surviving up to the end of the term, when all the due premiums are paid on due dates or within the grace period, Higher of fund value or 110% of the premiums paid less the value on maturity of number of units on partial withdrawal made if any, will be paid to the Policy holder. When a policy lapses and is revised during the term of the policy, maturity benefit will be value of units on maturity date. No cover is extended after the policy term.
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Sum Assured plus the value of the units (as on date of intimation) in the Life AssuredÆs account, is payable to the nominee. In case of death before the risk cover starts, death benefit is the value of units.
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- Guarantee Maturity value- Unique and Safe Investment Fund- Adequate Insurance Coverage
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The first partial withdrawal is allowed only after the third policy anniversary. The minimum value of the units withdrawn should be at least Rs.10000/ and this facility is available twice in a year. For further withdrawals charge 0f Rs.100/ will be levied.After any partial withdrawal, at least an amount equal to annual premium should be available in the policyholderÆs account. When partial withdrawals have been granted, in case of death during the term of the policy, the sum assured may be reduced to the extent of the amount of the partial withdrawals made during the two year period immediately preceding the death of the life assured. However after attainment of 60 years of age of the life assured, all the partial withdrawals may be set off against the sum assured payable on death.
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ACCIDENT SHEILD RIDER
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Particulars
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Range
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Guardian Shield
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Equity
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0% to 20%
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Debt
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80% to 100%
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Short term Liquid Assets
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0% to 5%
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Guardian Shield Fund
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18-Jun-13
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11.53
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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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