Policy Term in Shriram Wealth Plus
Policy Term in Shriram Wealth Plus is a period of time during which the policy is valid. When policy term is completed, you get some fixed returns and extra benefits mentioned in your policy. Policy term details for this plan are given below.
Shriram Wealth Plus Returns
In a life insurance policy, sum assured comes under Shriram Wealth Plus returns. Sum assured is the minimum amount of money that you get from the insurance company upon completion of the policy term. In event of your death, this money is paid to your family. For this policy, ##For age<45 yrs, SA=Higher of 10 X AP or 0.5 X PT X AP,
For age=>45 yrs, SA=Higher of 7 X AP or 0.25 X PT X AP#Not Applicable# #value for minimum sum assured is For age<45 yrs, SA=Higher of 10 X AP or 0.5 X PT X AP,
For age=>45 yrs, SA=Higher of 7 X AP or 0.25 X PT X AP.$$ Maximum sum assured by this insurance plan: No Limit.