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Shriram Life Term Insurance Claim Settlement

74 reviews Rate This
Highlights
Claim Settlement Ratio95.12%
Customer Care10:00 AM to 7:00 PM
Death Benefit Paid For2,816 Policies
Inception2005
Presence529 Branches
Total Death Benefit PaidRs.77.88 Crore

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Choose required coverage to secure your family’s future

50L
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Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

Best Shriram Life Term Insurance Plans

1 Crore
1.5 Crore
2 Crore
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 99.51%
Starting From 707/Month
Key Features:
  • Zero Cost Benefit
  • Terminal Illness
  • Nominee's Choice payout
  • Voluntary Top Up
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 98.14%
Starting From 812/Month
24hr Claim Settlement
Key Features:
  • Waiver of Premium on Disability
  • Terminal Illness
  • Life Stage Benefit
  • Special Exit Benefit
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 99.4%
Starting From 771/Month
24hr Claim Settlement
Key Features:
  • Terminal illness
  • Special Exit - Option to get your premiums back
  • Renewability Option
See More Plans

Claim Settlement of Shriram Life Term Insurance

Shriram Life Insurance Company has been offering hassle-free claim settlement services to all its customers to date. Their exceptional online customer service assistance makes it easier for you to resolve all your doubts and queries instantly. The Claim Settlement Ratio of Shriram Life Insurance company was 91.61% in the financial year 2019-20.


  • How To Make Claim

    How to Make A Claim With Shriram Life Insurance - Online?

    For raising your Shriram Life Insurance  term insurance claim online, please follow the steps mentioned below –

    Step 1: Claim Registration and Document Submission

    Visit the official webpage of Shriram Life Insurance Company and fill the online claim form to raise a claim. Upload all the necessary documents to support the claim. You would be provided a Claim number. 

    Step 2: Claim Evaluation

    Shriram Insurance company would make the necessary investigations after studying your claim along with verification of your documents.

    Step 3: Decision and Settlement

    After the above process, Shriram Insurance company would reach a decision and for settlement of the claim, the amount would be paid into the bank account of the claimant. If a rejection is made, a communication is done with the claimant stating the reasons for rejection.

    How to Make A Claim With Shriram Life Insurance - Offline?

    To raise your term insurance claim offline, you may visit the nearest branch of Shriram Life Insurance Company along with your original policy documents and the supporting ones. Submit the duly filled claim form along with all the documents to one of our claim redressal team members and wait for the completed process. You will be informed by the branch office if process completion or any additional information (if required).

  • Documents Required

    Documents Required to Make Shriram Life Term Insurance Claims 

    In the event of raising your term insurance claim, kindly approach the nearest branch office of Shriram Life Insurance with an application form for the same along with copies of all the following documents:

    • Documents Required For Death Shriram Life Term Insurance Claims
    • Death intimation form/letter (Available at a nearby branch office)
    • Death certificate (Issuance – Competent Local Authority)
    • Policy document or proof of availing life insurance

    Additional Supporting Documents 

    Along with the above mandatory documents, you are requested to submit the following supporting documents too –

    • Proof of ID, age, and address of both the nominee/claimant and the life assured
    • Duly signed in Claim Forms (Available at your nearest branch office of Shriram Life Insurance Company)
    • Copy of the Claimant’s bank passbook entry (Attestation – Concerned Bank Manager)
    • FIR and Post Mortem copy (Attestation – Concerned Police Authority)
    • Any other relevant documents as and when demanded by the company

Shriram Term Insurance User Reviews

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What users are saying
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  • I bought the Shriram term Life Insurance plan from InsuranceDekho. And when the time came for its renewal, I j...

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    R
    Shriram
    By Rahul Tanwar
    On: Dec 26, 2023
  • I could easily buy the Shriram Term Insurance Policy. InsuranceDekho caters to various budgets, making it easy...

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    S
    Shriram
    By Shubham Jain
    On: Nov 15, 2023
  • I had some questions about the different term insurance options available, and the customer support at Insuran...

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    A
    Shriram
    By Amrita Roy
    On: Oct 30, 2023
  • I got the opportunity to purchase the Shriram Term Insurance from InsuranceDekho. I must say that it offers fl...

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    V
    Shriram
    By Vishnu Kumar
    On: Sep 29, 2023
  • What I appreciated most was the transparency of information on InsuranceDekho's website. It made it easier for...

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    V
    Shriram
    By Vikram Pathak
    On: Sep 25, 2023
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  • Tax benefit upto 1,50,000*
  • Claim support everyday 10AM-7PM
  • 66 Lacs+ happy customers

Shriram Life Term Insurance Contact Details

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Claim Process at Shriram Life Term Insurance

  • 1

    Claim Intimation

    In the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
  • 2

    Submission of Documents

    Claim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
  • 3

    Claim Evaluation

    Once the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
  • 4

    Claim Settlement

    If claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.

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