Shriram Life Insurance, as a part of its golden jubilee 12 months, has unveiled a brand new unit linked coverage with life purpose and legacy choices providing policyholders monetary management with a number of fund choices and funding methods.
As a part of the plan, the insured will get the choices of limitless free switches, premium re-direction, top-ups, partial withdrawals and settlement choices, and adaptability to change coverage time period, premium cost time period, sum assured and premium, the insurer mentioned in a press release.
The new coverage promotes longer-term investments by means of wealth boosters, return of allocation expenses and mortality expenses and a complete life choice. The minimal entry age is 30 days.
The Life Goal plan is supposed to fulfill particular monetary aims resembling training bills, shopping for a house or beginning a enterprise.
The Legacy plan presents three premium paying time period choices: single pay, restricted pay and common pay. It additionally offers clients two loss of life profit choices to select from. Depending on the choice chosen, the household of the deceased will both get the sum assured together with fund worth, or the next sum assured and fund worth.
“The plan gives various flexibilities and options to choose from, provides financial protection and encourages long-term participation in the market,” mentioned MD & CEO Casparus Kromhout.
Source: www.thehindu.com