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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 Sahay (SP)
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Plan Nature
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TRADITIONAL
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Plan Category
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Term Plan
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UIN No.
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128N011V01
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About Plan
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Shri Sahay is a Micro Insurance plan that will give life cover for socially weaker section. Socially Weaker Section includes self employed workers such as agricultural laborers, bidi workers, carpenters etc. and persons who live below the poverty line.
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Minimum Entry Age
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18 years age last birthday
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Maximum Entry Age
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60 years age last birthday
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Maximum Maturity Age
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65 years age last birthday
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Minimum Policy Term
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5 years
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Minimum Sum Assured
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Rs.5000
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Maximum Sum Assured
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Rs.50000
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Benefits
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| Particulars | Description |
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Rider Benefits
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Accident Benefit Rider (SP): In the event of the death of the life assured due to an accident or in the event of the life assured becoming totally and permanently disabled due to an accident within the policy term, additional sum assured will be payable.
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Tax Benefits
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| Section | Description |
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SEC 80 C
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Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.
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SEC 10 (10)D
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Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.
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Accident Benefit Rider (SP) [128C004V01]
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On death during the policy term the benefit payable sum assured will be paid.
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The premium is payable only once but life cover will be available throughout the policy term.
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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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