Shriram Life Insurance Benefits

Shriram Life Insurance Co Ltd has been dedicatedly catering to supplement the financial needs of all its customers from the beginning. Serving trustworthily for more than a decade now, the Shriram Group has created a strong network of around 550 offices present across the nation. The Group’s financial inclusion philosophy has been a win-win situation both for the firm and its clients as well. The Shriram Life Insurance Company aims to offer life insurance products and solutions that cater to a broader demography.

Shriram Life Insurance Benefits

The benefits of Shriram Life Insurance Company are as follows:

1. Broad Catalogue: Shriram Life Insurance Company features a diversified catalogue to provide you with all forms of insurance services under one roof. There are term plans, cancer care plans, child education plans, savings plans, investment plans, retirement plans, and protection plans to choose from.

2. Dual Benefit of Maturity and Death Claims: Every plan offered at Shriram Life Insurance Company comes with a dual assured benefit for the claimant – maturity benefit and death claim benefits. Under maturity benefits, the policyholder is eligible to receive maturity sum assured as a lump sum amount. On the contrary, in the event of the death of the life assured, his beneficiary or nominee receives the death sum assured.

3. Availability of Riders: Emergency events can knock on your doors at any time. In the event of such emergency medical conditions, Shriram Life Insurance Company promises their customers four kinds of benefit riders – Shriram Extra Insurance Cover Rider, Accidental Benefit Rider, Shriram Critical Illness Cover Rider, and Family Income Benefit Rider.

4. Flexible Payment Modes: Shriram Life Insurance Policy offers flexible premium payment modes wherein you can accomplish your premium payments either monthly/quarterly/half-yearly/annually. The terms may vary from 8 to 10 to 12 to 15 years of the policy tenure.

5. Award-Winning Customer-Oriented Services: Shriram Life Insurance Company is known for its customer-oriented services. For their dedication and determination, the company has bagged in several recognitions – the Indian Insurance Award for Non-Urban Coverage, Businesswomen of the Year 2018, and Best Life Insurance Policy Award for the Private Sector. Apart from these recognitions, the Shriram Group also received a CII award for Customer Obsession in 2019.