Shriram Life Term Insurance Plans
|Claim Settlement Ratio||95.12%|
|Customer Care||10:00 AM to 7:00 PM|
|Death Benefit Paid For||2,816 Policies|
|Total Death Benefit Paid||Rs.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.
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Shriram Life Term Insurance Plan List
|Name of Plan||Sum Assured|
|Smart Protection Plan||20 lac - 10 cr||Get Quotes Now|
Shriram Term Insurance User Reviews
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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
Insurance Dekho755 1196 989Mon to Sun 10:00 AM to 7:00 PM
Shriram Life Term Insurance1800-3000-6116Mon to Sat 10:00 AM to 7:00 PM
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.
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.