Guaranteed Return Plan

Statutory Information
SECTION 41 of the Insurance Act, 1938:

No person shall allow, or offer to allow, either directly or indirectly as an
inducement to any person to take out or renew or continue an insurance
in respect of any kind of risk relating to lives or property in India, any
rebate of the whole or part of the commission payable or any rebate of
the premium shown on the policy, nor shall any person taking out or
renewing or continuing a policy accept any rebate, except such rebate as
may be allowed in accordance with the published prospectuses, or tables
of the insurer:
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/ FRAUDULENT

OFFERS
SHRIRAM
IRDA clarifies to public that

IRDA or its officials do not involve in activities like sale of any kind of
insurance or financial products nor invest premiums
IRDA does not announce any Bonus
Guaranteed Return Plan
Public receiving such phone calls are requested to lodge a police

complaint along with details of phone call, number.
UIN 128N049V01
Provided that acceptance by an insurance agent of commission in

connection with a policy of life insurance taken out by himself on his own
life shall not be deemed to be acceptance of a rebate of premium within
the meaning of this sub-section if at the time of such acceptance the
insurance agent satisfies the prescribed conditions establishing that he is
a bonafide insurance agent employed by the insurer.
Any person making default in complying with the provisions of this
section shall be punishable with fine, which may be extending to five
hundred rupees.
A non linked non participating life insurance plan
SECTION 45 OF THE INSURANCE ACT, 1938:
Provided that nothing in this section shall prevent the insurer from calling
for proof of age at any time if he is entitled to do so, and no policy shall be
deemed to be called in question merely because the terms of the Policy
are adjusted on subsequent proof that the age of the person insured was
incorrectly stated in the proposal.
About the Company
With a pan India presence with over 200 offices, Shriram Life is your
trusted partner for prosperity. At Shriram life we strive to provide our
customers with elegant solutions tailored to individual needs.
For further details, please contact our nearest office
ARN :SLIC/BROC/FEB 2014/2
No policy of life insurance effected before the commencement of this Act

shall, after the expiry of two years from the date of commencement of
this Act, and no policy of life insurance effected after the coming into force
of this Act shall, after the expiry of two years from the date on which it was
effected, be called in question by an insurer on the ground that a
statement made in the proposal for insurance or in any report of a medical
officer, or referee, or friend of the insured, or in any other document
leading to the issue of policy, was inaccurate or false, unless the insurer
shows that such statement was on a material matter or suppressed fact
which it was material to disclose and that it was fraudulently made by the
policyholder and that the policyholder knew at the time of making it that
the statement was false or that it suppressed facts which it was material
to disclose:
Shriram Life Insurance Co. Ltd.

Plot No. 31 & 32, 5th Floor, Ramky Selenium, Beside Andhra Bank Training Centre
Financial District, Gachibowli, Hyderabad - 500 032.
Phone: +91 40 23009400 (Board) Web: www.shriramlife.in
Toll Free No : 1800 3000 6116

Online Payments : Make your payments online at 'www.shriramlife.in'
Simple and Secure...
Insurance is the subject matter of solicitation

IRDA Regn No. 128
Shriram Guaranteed Return Plan(UIN 128N049V01) is a one-time

investment and insurance plan where you pay premium only once and get
the dual benefit of life cover and a guaranteed return on maturity. This is
an ideal plan to maximize the returns based on your lump sum cash
surplus.
Key features
The factors for sample ages as a % of single premium are as per

the table below:Premium band ( )
25000-49000
Age/
Term 5
10 ***
10
50000-99000
5
*** 168% ***
10
100000-149000
5
*** 190% ***
150000-599000 600000 & above
10
*** 196% ***
10
*** 201% ***
10
*** 205%
Guaranteed maturity benefit and life insurance cover.
20 125% 132% 167% 132% 141% 189% 135% 145% 196% 137% 147% 200% 138% 149% 204%
No commitment of paying premiums regularly.
30 125% 132% 167% 132% 141% 189% 135% 145% 195% 137% 147% 200% 138% 149% 203%
Tax benefits as per tax laws.
40 125% 132% 166% 132% 141% 188% 135% 145% 194% 137% 147% 198% 138% 149% 202%
50 125% 131% 163% 131% 140% 183% 134% 144% 189% 136% 146% 193% 137% 147% 197%
Plan at a Glance
60 124% 130% 157% 130% 138% 176% 133% 142% 181% 135% 144% 185% 136% 145% 188%
Eligibility Conditions
Limit
Age at entry
8 years to 65 years last birthday
Minimum Maturity age

Maximum maturity age
Policy Term
Premium paying term
Minimum Single Premium
Maximum Single Premium
18 years last birthday

71 years last birthday
5/6/10 years
Single
25,000/No Limit, Subject To Underwriting
Considerations As Per Board Approved
Underwriting Policy.
30750/- for 5 year term
Minimum sum assured
Premiums will be in multiples of 1000/-. Premiums are exclusive of

service tax and education cess
Benefits under the Plan
Death Benefit: In case of death of the life assured during the policy term,
Sum assured on death as defined below will be paid to the nominee or
beneficiary.
Accident benefit Rider SP( UIN-128B004V02)

Shriram Critical Illness Cover Rider (UIN-128B010V02)
Family Income Benefit Rider SP (UIN-128B005V02)
Guaranteed Surrender Value: The Guaranteed surrender value as a
percentage of single premium(SP) (excluding any extra premium and
taxes) will be paid under this policy as per the table below regardless of
the size of the single premium (SP) paid :Years of
Surrender
5 year term
6 year term
10 year term
(as a % of SP) (as a % of SP) (as a % of SP)
70%
70%
70%
70%
70%
70%
70%
70%
70%
90%
80%
73%
90%
90%
76%
90%
79%
Nomination: The life assured, where he is the policy holder, can at any
time during the policy term make a nomination as per Section 39 of
Insurance Act, 1938 to receive benefits in the event of his death. Where
the nominee is a minor, the policy holder shall also appoint a person to
receive the policy monies during the minority of the nominee.
Assignment of the policy may be made as per Section 38 of Insurance Act,
1938 by an endorsement upon the policy itself or by a separate
instrument
Suicide: If the Life Assured commits suicide for any reason, while sane or
insane, within one year from the date of inception of the policy, 80% of
the single premium paid excluding any extra premium and taxes shall be
paid to the nominee or beneficiary.
Free Look Period
If you are not satisfied with the 'Terms and Conditions' of the policy, the
policy can be returned to the Company for cancellation with reasons
thereof within 15 days (30days in case of business sourced through
distance marketing), from the date of receipt of the policy bond. However,
the Company will refund the single premium after deducting
proportionate risk premium for the period the Company has provided life
cover, medical examination fees, if any, and stamp duty charges. Distance
Marketing entails any sale through e-mails, telephonic calls and any other
mode except through personal interaction.
Tax Benefits
83%
(a) 125% of single premium if age is less than 45 years
86%
Tax benefits under this plan are available as per the provisions of the
Income tax Act. Tax benefits are subject to changes according to the tax
laws from time to time; please consult your tax advisor for details.
(b) 110% of single premium if age is 45 years and above
89%
Service Tax:
10
--
90%
As per the Service tax laws, service tax is applicable on the insurance
premiums. Any other indirect tax or statutory levy becoming applicable in
future may become payable by you by any method we deem appropriate
including by levy of an additional monetary amount to the premium.
Sum assured on death is defined as Maximum of:
Riders: The plan offers additional protections through the following riders
on payment of additional premium.
Minor Lives: For policies issued on minor lives, the commencement of risk
starts from the first policy anniversary. In case of death of the minor life
assured during the first policy year, the premiums paid excluding extra
premium and taxes will be refunded. The policy vests on the minor life
assured any time after attaining majority on receipt of a written request
from the policy holder to that extent
Guaranteed Maturity Benefit payable on Muturity.
Maturity Benefit: In case of survival of the life assured up to the end of the
policy term, guaranteed maturity benefit as defined below will be paid.
Guaranteed maturity benefit = maturity
single premium.
benefit factor multiplied by
The maturity benefit factors expressed as a percentage of single premium

(excluding extra, rider premium and taxes) depend on the size of the initial
single premium and policy term.
Special surrender values(SSV) higher than the guaranteed surrender

value may be paid depending on the experience of the Company. The
surrender value payable will be higher of GSV and SSV.
Loans: Facility of loan is available under this plan. A policy loan up to 90%
of the Surrender Value under the policy may be available. Interest will
accrue on the outstanding loan balance at a rate as approved by IRDA. Any
outstanding loan with accrued interest will be recovered from the policy
proceeds before any benefit is paid on the policy.
Fraud or misrepresentation
In case of fraud or misrepresentation, the policy shall be cancelled
immediately by paying surrender value, subject to fraud or
misrepresentation being established by the Company in accordance with
Section 45 of the Insurance Act, 1938.

Guaranteed Return Plan

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Statutory Information

SECTION 41 of the Insurance Act, 1938:

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/ FRAUDULENT

IRDA clarifies to public that

insurance or financial products nor invest premiums

IRDA does not announce any Bonus

Guaranteed Return Plan

Public receiving such phone calls are requested to lodge a police

Provided that acceptance by an insurance agent of commission in

A non linked non participating life insurance plan

SECTION 45 OF THE INSURANCE ACT, 1938:

For further details, please contact our nearest office

ARN :SLIC/BROC/FEB 2014/2

No policy of life insurance effected before the commencement of this Act

Shriram Life Insurance Co. Ltd.

Toll Free No : 1800 3000 6116

Insurance is the subject matter of solicitation

Shriram Guaranteed Return Plan(UIN 128N049V01) is a one-time

The factors for sample ages as a % of single premium are as per

*** 168% ***

*** 190% ***

150000-599000 600000 & above

*** 196% ***

*** 201% ***

Guaranteed maturity benefit and life insurance cover.

No commitment of paying premiums regularly.

Tax benefits as per tax laws.

8 years to 65 years last birthday

Minimum Maturity age

18 years last birthday

Minimum sum assured

Premiums will be in multiples of 1000/-. Premiums are exclusive of

Accident benefit Rider SP( UIN-128B004V02)

(a) 125% of single premium if age is less than 45 years

(b) 110% of single premium if age is 45 years and above

Sum assured on death is defined as Maximum of:

Guaranteed Maturity Benefit payable on Muturity.

benefit factor multiplied by

The maturity benefit factors expressed as a percentage of single premium

Special surrender values(SSV) higher than the guaranteed surrender

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* 168% *

* 190% *

* 196% *

* 201% *