Shriram Smart Protection Term Insurance Eligibility

Name: Shriram Smart Protection Term Insurance Eligibility
Brand: Shriram
Rating: 4.5 (6 reviews)

Highlights

Shriram Life Smart Protection Plan Features

Some of the key features of Shriram Life Smart Protection Plan are:

Long-Term Cover - The policy provides long term coverage. While the minimum policy term is 10 years, the maximum policy term is 30 years. It must be noted that the policy term should be in the multiples of 5 years.
Minimal Premium - Shriram Life Smart Protection provides superior coverage at highly affordable rates. While the minimum premium amount on monthly basis is Rs. 400, the amount on quarterly basis is Rs. 600. Half-yearly minimum premium is Rs. 1,200 whereas the yearly minimum premium is Rs. 2000.
Options for Enhanced Protection - The policy comes with options to enhance coverage through Silver Option that features life cover, Gold Option that features life cover along with in-built accidental death benefit and Diamond Option that features life cover along with in-built critical illness benefit.

The eligibility criteria for Shriram Life Smart Protection Plan is as follows:

PARAMETER	LIMITS
Minimum age at entry	18 years (Last Birthday)
Maximum age at entry	65 years (Last Birthday)
Maximum age at maturity	75 years (Last Birthday)
Policy Term	10 years to 30 years (in multiple of 5 years)
Minimum Basic Sum Assured	Rs. 1 Lakh
Maximum Basic Sum Assured	Rs. 14 Lakh (subject to board approved underwriting; in multiples of Rs. 1 Lakh only)
Premium Paying Term	Same as policy term
Modal Factors	Yearly - 1; Half Yearly - 0.5076; Quarterly - 0.2557; Monthly - 0.0857

4.5

What users are saying

Reach us for help anytime

Insurance Dekho
755 1196 989Mon to Sun 10:00 AM to 7:00 PM
support@insurancedekho.com
Shriram Life Term Insurance
1800-3000-6116Mon to Sat 10:00 AM to 7:00 PM
customercare@shriramlife.in