Shriram Life Smart Protection Plan

• Long term life cover
• Affordable premiums
• 3 coverage options with enhanced protection
• Tax benefits as applicable under tax laws

Death Benefit

In the event of death of the life assured within the policy term,

Silver Option: Death Sum Assured is payable to the nominee and the policy then terminates.

Gold Option: Death Sum Assured is payable to the nominee and the policy then terminates.

Diamond Option:

• If death occurs first: Death Sum Assured is payable to the nominee and the policy then terminates.
• If Critical Illness occurs first: In the event of the first diagnosis of any of the covered critical illnesses, a critical illness benefit of 25% of Sum Assured is paid and the policy continues for life cover only till the end of the policy term. Upon the death of the life insured during the policy term, Death Sum Assured less the critical illness benefit already paid will be payable and the policy then terminates.

In the event of diagnosis of the covered critical illness, the outstanding future premiums are waived off.

There is no rider available with this plan.

Shriram Life Smart Protection Plan is eligible for Tax benefits as stated:

• Premiums paid, qualify for tax benefits as per Section 80C of the Income Tax Act.
• Death benefit(s) are entitled to avail tax benefits as per Section 10 (10D) of the Income Tax Act.

(Subject to the provision stated therein.)