Shriram Life POS Assured Savings Plan
When you explore the details within the POS Assured Savings Plan Brochure (UIN: 128N089V03), you will realise that Shriram Life POS Assured Savings Plan is your dedicated financial strategy for cultivating a cheerful and stress-free future.
Benefits of Shriram Life POS Assured Savings Plan
Shriram Life POS Assured Savings Plan ensures a death benefit for nominees if the policyholder passes away during policy term. If the policyholder survives until the term ends, the Maturity Sum Assured is paid in a lump sum.
Surrender Value
Upon policy surrender before maturity, the policyholder receives the higher of Special Surrender Value (SSV) and Guaranteed Surrender Value (GSV).
Loans
Policyholders can avail loans up to 80% of the surrender value, with a fixed annual interest rate of 8%, compounded semi-annually. The interest rate undergoes an annual review.
Alterations
Shriram Life POS Assured Savings Plan permits limitless adjustments to policy terms, premium payment terms and payment mode, effective from the next policy anniversary
Disclaimer
*T&C Apply - Shriram Finance Limited (‘SFL’) is a registered corporate agent of third party insurance products of GO DIGIT GENERAL INSURANCE LTD, IFFCO TOKIO GENERAL INSURANCE CO. LTD, BAJAJ ALLIANZ GENERAL INSURANCE CO. LTD, CARE HEALTH INSURANCE LTD, MANIPAL CIGNA HEALTH INSURANCE CO. LTD, HDFC ERGO GENERAL INSURANCE CO. LTD, TATA AIG GENERAL INSURANCE CO. LTD, BANDHAN LIFE INSURANCE LTD, SHRIRAM GENERAL INSURANCE CO. LTD, SHRIRAM LIFE INSURANCE CO. LTD under the IRDAI composite registration number CA0197. Please note that, SFL does not underwrite the risk or act as an insurer. Your purchase of an insurance product is purely on a voluntary basis after your exercise of an independent due diligence on the suitability, viability of any insurance product. Any decision to purchase insurance product is solely at your own risk and responsibility and SFL shall not be liable for any loss or damage that any person may suffer, whether directly or indirectly. For more details on risk factors, terms and conditions and exclusions please read the product sales brochure & policy wordings carefully before concluding a sale. Tax benefits applicable if any, will be as per the prevailing tax laws. Tax laws are subject to change. SFL does NOT provide Tax/Investment advisory services. Please consult your advisors before proceeding to purchase an insurance product. Visitors are hereby informed that their information submitted on the website may also be shared with insurers. All product information such as premium, benefits, exclusions, value added services etc. are authentic and solely based on the information received from the respective Insurance company or the respective Assistance provider company.
Note- While we have made all the efforts and taken utmost care in gathering precise information about the products, features, benefits etc. However, SFL cannot be held liable for any direct or indirect damage/loss. We request our customers to conduct their research about these products and refer to the respective products sales brochure and policy/membership wordings before concluding sales.
