Compare & Buy Car, Bike and Health Insurance Online - InsuranceDekho
Claim, renew, manage & moreLogin
  Hurry Up!
Save tax in 80C by purchasing a Life Insurance Today View Plan

Shriram Life Term Insurance Plans

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

Since its inception in 2005, Shriram Life Insurance Company has remained one of India's leading insurance service providers. In recognition of their customer-centric dedication, Shriram Life Insurance has successfully bagged three awards – Businesswoman of the Year 2018, Indian Insurance Award for Non-Urban Coverage, and Best Life Insurance Policy Award (Private Sector).

Shriram Life Term Insurance Plans

Shriram Life Insurance Company offers a range of term insurance plans to cater to every section of society. The term insurance plans provided by Shriram Life Insurance Company are as follows:

  • Shriram Life Cash Back Term Plan: Shriram Life Cash Back Term Plan promises you the liberty to select your choice's policy term – 10/15/20/25 years. This term insurance plan is known for returning all premiums paid during the term on maturity. Additionally, you receive a lump sum benefit in case of an unfortunate death.

  • Shriram Life My Spouse Term Plan: Shriram Life My Spouse Term Plan is a pure term plan designed to cover your spouse against unfortunate incidents in life. The policy term ranges between 10 years - 57 years. The policy provides the death benefit along with terminal illness cover and critical illness cover.

  • Shriram Life Online Term Plan: The plan offers coverage up till the age of 75 years. The policy has a minimum term of 10 years and a maximum term of 57 years. Women have a benefit as the premium rates are low (a setback of three years in rates for women).
  • Shriram Life Smart Protection Plan: Shriram Life Smart Protection Plan is a term plan with annual premium as low as Rs. 2,000. Offering a long-term cover of up to 30 years, the plan comes with death benefit as the main feature. Enhanced protection can also be availed through optional covers.

  • Shriram Life Smart Protection Plan SP: Shriram Life Smart Protection Plan SP is a single premium term plan. Ending all the worries regarding regular payments, the plan provides lifelong cover with optional accidental cover or critical illness cover. The key features of the plan are death benefit and maturity benefit.

  • Shriram Life Family Protection: Shriram Life Family Protection Plan is a non-linked, non-participating term insurance plan. Beneficial for people who wish to protect their families in case of their untimely death, Shriram Life Family Protection Plan offers life insurance cover at affordable rates.

  • Corona Rakshak Policy: Corona Rakshak Policy by Shriram Life Insurance is an exclusive fixed benefit COVID – 19 plan. Under this plan, the policyholder gets a lump sum benefit in case of diagnosis with COVID-19 and hospitalization due to it. The plan pays 100% of the sum insured. The plan, however, does not offer death and maturity benefits.

  • Shriram Life Saral Jeevan Bima: Shriram Life Saral Jeevan Bima helps policyholders secure their family’s financial stability even in their absence. The plan allows one to choose policy terms, premium payments terms and modes as per their requirements. This plan also provides the option to opt for the accident benefit rider.

Term Life Insurance Premium Calculator


  • Male
  • Female

Date of Birth


Do you smoke or chew tobacco?

  • Yes
  • No

Choose required coverage to secure your family’s future

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

Shriram Life Term Insurance Plan List

    Name of PlanSum Assured
    Smart Protection Plan 20 lac - 10 cr Get Quotes Now

    Shriram Term Insurance User Reviews

    Write your review
    What users are saying
    • All
    Must BuyMust Buy

    Why to Buy Term Insurance Policy Online from InsuranceDekho

    • Tax benefit upto 1,50,000*
    • Claim support everyday 10AM-7PM
    • 45 Lacs+ happy customers

    Shriram Life Term Insurance Contact Details

    Reach us for help anytime

    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.

    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.