Customers can also access their money easily during any emergency by availing a loan of up to 90% of the surrender value. Tax benefits on the premium invested can also be enjoyed under Section 80C and maturity benefits under Section 10(10D), as per the Income Tax Act, 1961.
Moneyback term plan by Shriram Life
Shriram Life Insurance Company has launched Shriram Life New Money Back Term Plan, which is a non-linked, non-participating assurance plan designed to provide an affordable life cover while returning all the premiums to the policyholder at the completion of the policy term. The plan offers to pay a lumpsum payment on the death of the life assured during the policy term. On survival, all basic premiums paid during the policy term will be returned. The minimum sum assured is R2 lakh and the maximum R20 lakh.
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