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Shriram Smart Protection Term Insurance Eligibility

6 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

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.

Shriram Life Smart Protection Plan Eligibility Criteria

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
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Shriram Smart Protection Plan Brochure

  • 209.06 KB
  • PDF Document
  • Aug 24, 2021
Download PDF

Smart Protection Plan Reviews

4.5
Rating based on
6 User reviews
Write your review
What users are saying
  • All
  • Had a User-Friendly Online Exp...

    Buying the Shriram Term Insurance- Smart Protection Plan from InsuranceDekho was a breeze. Their website is easy to navigate, and I was able to compare different plans easily. The online application process was quick and hassle-free.

    Read More

    V
    By Vikrant Sodhi
    On: Sep 20, 2023
  • Renewed my policy in very litt...

    I bought the Shriram Term Insurance- Smart Protection Plan a year ago from the InsuranceDekho website. Last week, I wanted to get it renewed. I visited the InsuranceDekho website, and by following some simple steps and with the proper guidance of the team, I got it renewed in very little time.

    Read More

    V
    By Venkatesh Naidu
    On: Sep 04, 2023
  • Highly Recommended Term Insura...

    InsuranceDekho has a very customer-centric approach, competitive pricing, and comprehensive coverage which make them an outstanding choice. I've recommended InsuranceDekho to my friends and family. If you're looking for a top-notch plan then the  Shriram Term Insurance- Smart Protection Plan is the best for your needs. 

    Read More

    S
    By Shobha Kamath
    On: Jul 28, 2023
  • Effective claim settlement pro...

    I recently bought the Shriram Term Insurance- Smart Investment Plan from InsuranceDekho on my friend’s advice. When I had to raise a claim against Shriram Term Insurance- Smart Investment Plan on InsuranceDekho, the process was quite simple. All I had to do was raise a claim request, submit the relevant documents, and get my claim settled. 

    Read More

    S
    By Simran Jassal
    On: Jun 23, 2023
  • 24*7 customer service

    I got 24*7 customer support while I was buying the - from InsuranceDekho. The team assisted me in every possible way and made it extremely easy for me to buy the Shriram Term Insurance- Smart Protection Plan.

    Read More

    S
    By Sneha Narang
    On: Jun 20, 2023
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