About Shriram Term Insurance
Incorporated in 2005, Shriram Life Insurance is a part of the Rs.80,000 crore Chennai-based Shriram Group. A joint venture between Shriram Capital and Sanlam, a South African company, Shriram Life Insurance is a private company. Backed by 529 offices across the country, Shriram Life Insurance Company is aimed towards offering 100% customer satisfaction through its exceptional life insurance products as well as customer services. The private insurer offers a vast range of services through its mobile application “ShriMithra”. “ShriMithra” was launched in September 2019. At present, policyholders can make use of “ShriMithra” to pay renewal premium, request policy status, request changes to policy, update contact details and do much more.
Shriram Life Insurance has been awarded with Recognition for Active Customer Engagement Award 2019, Businesswoman of the Year 2018, Indian Insurance Award for Non-Urban Coverage, and Best Life Insurance Policy Awards. Shriram Life Insurance offers a vast array of affordable life insurance plans including term, savings, retirement, microinsurance and many more. Moreover, to enhance the level of protection, Shriram Life offers a wide range of riders that can be purchased at a minimal premium cost.
Shriram Life Term Insurance Plans
The list of term insurance plans at Shriram Life Insurance includes:
- Shriram Life Cash Back Term Plan
- Shriram Life My Spouse Term Plan
- Shriram Life Online Term Plan
- Shriram Life Smart Protection Plan
- Shriram Life Smart Protection Plan SP
- Shriram Life Family Protection
- Corona Rakshak Policy
- Shriram Life Saral Jeevan Bima
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Claim Process at Shriram Life Term Insurance
Claim IntimationIn the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
Submission of DocumentsClaim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
Claim EvaluationOnce the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
Claim SettlementIf claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.
Why to Buy Term Insurance Policy Online from InsuranceDekho
- Tax benefit upto 1,50,000*
- Claim support everyday 10AM-7PM
- 45 Lacs+ happy customers
FAQ About Shriram Life Term Insurance
What is the CSR for Shriram Life Insurance Company?
Shriram Life Insurance has a high CSR of 91.61% for the financial year 2019-20.
Which term insurance plans does Shriram Life provide?
Shriram Life Insurance provides Shriram Life Cash Back Term Plan, Shriram Life My Spouse Term Plan, Shriram Life Online Term Plan, Shriram Life Smart Protection Plan, Shriram Life Smart Protection Plan SP, Shriram Life Family Protection, Corona Rakshak Policy and Shriram Life Saral Jeevan Bima. As the name suggests, Shriram Life Online Term Plan is an online plan.
What is the free look period for term insurance at Shriram Life Insurance?
The free look period is 15 days. However, the free look period is 30 days if the policy has been purchased through distance marketing mode.
What is the grace period for term insurance plans at Shriram Life Insurance?
The grace period is 30 days for yearly, half yearly and quarterly mode. In case of monthly mode, the grace period is 15 days.
Does Shriram Life Insurance provide any protection plan against Covid-19?
Yes! You can easily buy Corona Rakshak Policy to gain protection against Covid-19. The policy provides 100% lump sum benefit in case of COVID-19 diagnosis and hospitalization.