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Shriram Life Insurance Introduces Sunishchit Laabh Savings Plan for Financial Security.

National | Dated: 21 Jan 2025

In January 2025, Shriram Life Insurance introduced the Shriram Life Sunishchit Laabh plan, a non-participating individual savings plan designed to provide guaranteed high returns of up to 668% of the total premium paid.

🎯 Key Highlights:

  • (i) The plan combines savings and life insurance benefits, catering to individuals seeking long-term financial security and payout options.
  • (ii) Eligible individuals include those aged between 30 days and 60 years, with the annual premium starting at Rs 30,000.

💡 Other Important Facts:

  • (i) The premium can also be paid in half-yearly installments of Rs 15,500, quarterly installments of Rs 8,000, or monthly installments of Rs 3,000. The plan offers tax-free maturity payouts for tenures ranging from 10 to 40 years, with a maximum maturity age of 101 years.
  • (ii) To enhance financial security for policyholders' families, the plan provides death benefits of up to 160 times the annualized premium.

📚 Test Your Knowledge:

Which insurance company recently launched the Sunishchit Laabh savings plan offering guaranteed returns and financial security?

Correct Answer: Shriram Life Insurance

🚀 Quick Recap: