LIC Premium and Maturity Calculator

Shriram Life Cash Back Term Plan, Policy, Premium and Maturity Calculator

Shriram Life Cash Back Term Plan, Policy, Premium and Maturity Calculator - Shriram Life Cash Back Term Plan is a simple term insurance plan with a few added advantages. Being a traditional non-linked, non-participating policy, this plan is meant for providing a strong financial buffer for one’s family. It can be purchased offline at the branches of Shriram Life, but most of the required forms can be sorted out from the online portal.

Eligibility - Shriram Life Cash Back Term Plan and Policy

The eligibility criteria of this traditional Shriram Life term plan can be mentioned as follows -

  1. Age at Entry –
    1. Minimum – 12 years
    2. Maximum – 50 years
  2. Age at Maturity – 70 years

All ages mentioned are as per the last birthday.

Features - Shriram Life Cash Back Term Plan and Policy

The basic features of this policy are mentioned in the following points.

Policy Conditions –

  1. Term of Policy – The policy can be of 10 years, 15 years, 20 years or 25 years
  2. Premium payment term – Premium payment can be limited or regular for each of the policy term. Considering the policy term as the maximum premium payment term for each variant, one could pay premiums for 5 years, 7 years, 10 years, 15 years and 25 years
  3. Premium payment frequency – Premiums can be paid yearly, half-yearly, quarterly or monthly
  1. Sum assured –
    1. Minimum – INR 200000
    2. Maximum – INR 2000000

General Features - Shriram Life Cash Back Term Plan and Policy

  1. Return of premium achieved along with life cover
  2. No intense paperwork required for the policy
  3. Low premium rates
  4. Flexible premium payment terms
  5. Riders available for more comprehensive protection

Benefits - Shriram Life Cash Back Term Plan and Policy

The benefits of this simple term insurance plan are listed as below –

  1. Death Benefit – Sum Assured on Death will be 10 times the annual premium in case age of insured is less than 45 years and will be 7 times the annual premium in case age of insured is more than 45 years. The Death benefit will at least be equal to 105% of all the premiums paid
  2. Maturity Benefit – Upon the survival of the insured till the policy maturity, one can get a return of all the premiums paid
  3. Tax Benefit – Premiums paid can avail tax benefit under Section 80C and the maturity benefits as well as the death benefits can avail tax exemptions and/or rebates under Section 10(10D)

Shriram Life Term Insurance Plans and Policy

Shriram Life Women Insurance Plans
Shriram Life New Shri Vivah
Shriram Life Pension Plans
Shriram Life Pension Plus
Shriram Life Immediate Annuity Plus
Shriram Life Pension Plans
Shriram Life Term Insurance Plans and Policy
Shriram Life Family Protection Plan
Shriram Life Cash Back Term
Shriram Life Group Term Life Insurance
Shriram Life Group Term Life Insurance in lieu of EDLI
Shriram Life Secure Plus Plan

Shriram Life Savings Plans
Shriram Life Genius Assured Benefit Plan
Shriram New Shri Life Plan
Shriram Life New Shri Vidya
Shriram Life New Shri Vivah
Shriram New Shri Raksha Plan
Shriram Life Assured Income Plus
Shriram New Akshay Nidhi Plan
Shriram Secure Investment Plan
Shriram Ujjwal life
Shriram Ujjwal Life - SP
Shriram Fortune Builder Insurance Plan
Shriram Life Wealth Plus
Shriram Life Assured Income Plan
Shriram Life ULIP Plans
Shriram Life Growth Plus
Shriram Life Ujjwal Life
Shriram Life Ujjwal Life (SP)
Shriram Life Ujjwal Life (SP)
Shriram Life Fortune Builder
Shriram Life Wealth Plus