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Shriram Life Term Insurance Plans

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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

Term Life Insurance Premium Calculator

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Choose required coverage to secure your family’s future

50L
1Cr
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2Cr
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

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.

Shriram Term Insurance User Reviews

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What users are saying
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  • My purchase of the Shriram term insurance policy was smooth and easy. My thanks to the customer support execut...

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    H
    Shriram
    By Harshit Joshi
    On: Feb 27, 2024
  • 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
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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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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.