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Shriram Smart Protection Term Insurance Eligibility

6 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

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:



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

Shriram Smart Protection Plan Brochure

  • 209.06 KB
  • PDF Document
  • Aug 24, 2021

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