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Shriram Life Insurance Benefits

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Highlights
Claim Settlement Ratio95.12%
Customer Care24x7
Death Benefit Paid For2,816 Policies
Inception2005
Presence529 Branches
Total Death Benefit PaidRs. 77.88 Crore

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Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

Benefits of Shriram Life Insurance

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.

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Shriram Life Insurance User Reviews

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What users are saying
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  • The team of InsuranceDekho was so helpful when I was searching for a life insurance plan. When I finally decid...

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    A
    Shriram
    By Anurag Dogra
    On: Dec 26, 2023
  • While buying the Shriram Life Insurance Policy from InsuranceDekho, I experienced great customer service and s...

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    V
    Shriram
    By Vinay Devgun
    On: Nov 21, 2023
  • The customer support team at InsuranceDekho was quick to respond to my queries regarding my Shriram Life Insur...

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    G
    Shriram
    By Gautam Singh
    On: Nov 16, 2023
  • InsuranceDekho offers the flexibility that I need in my life insurance. The Shriram Life Insurance Policy acco...

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    S
    Shriram
    By Sunil Savokar
    On: Oct 26, 2023
  • InsuranceDekho treats your future as their top priority. The  executives helped me select the Shriram Lif...

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    J
    Shriram
    By Jatin Kholiya
    On: Oct 18, 2023

Claim Process at Shriram Life Insurance

  • 1

    Claim Intimation

    In the event of the death of the life assured, the insurance company should be intimated as early as possible.
  • 2

    Submission of Documents

    For easy claim settlement, claim form, original policy document, death certificate and others documents should be submitted on time.
  • 3

    Claim Evaluation

    After successful submission of documents, the insurance company will thoroughly evaluate the claim filed.
  • 4

    Claim Settlement

    If claim request is approved, claim is settled within 30 days. In case of additional investigation, claim process may take 120 days.

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FAQ About Shriram Life Insurance

  • What is Survival Benefit in Shriram Life Insurance?

    Survival Benefit in Shriram Life Insurance is the sum assured in the policy which is paid in the predefined number of installments.

  • What is a rider in Shriram Life insurance plans?

    Riders are the additional insurance benefits that add to your Shriram LIfe insurance  policies. It is a condition or a clause which adds across your basic plan in the form of extra premiums or add-on benefits.

  • Is nomination required for availing of Shriram Life Insurance Policy?

    The nomination is quite essential as the nominated person is entitled to claim the assured amount from Shriram Life Insurance Company in the event of the claimant's death.

  • How can you check the fund value of your Shriram Life Insurance Policy?

    The value of Policy is the “Fund Value”. To check your insurance policy's fund values, you first need to log in to your Policy Account. As soon as you log in, click on the tab highlighting fund details, and enter your policy number.

  • What do you mean by policy assignment in Shriram Life Insurance?

    Policy assignment in Shriram Life Insurance is defined as the transfer of the life cover and benefits of a particular policy to some other person or an institution.

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