Shriram Group Term Life Insurance Plan(Discontinued / Withdrawn Plan)

What is Shriram Group Term Life Insurance?

Shriram Group Term Life Insurance (UIN-128N042V01)is a One Year Renewable Group Term Assurance plan that offers the options of lump sum death benefits or monthly income benefits in the event of death of a member.

Who should buy this plan?

Shriram Group Term Life Insurance is an affordable, easy-to-obtain financial security net for you and your loved ones. It pays a lump sum payment in case of unfortunate death helping your family to reduce their debts.

Plan Key Features:

  • Easy to set up and administer the schemes at alow cost.
  • Insurance cover for all members of the scheme with one policy docuument issued to the policy holder.
  • Minimal underwriting based on simple insurability conditions.
  • Profit sharing, if any, to the group members in the form of reduction in subsequent years' renewal premium, if the claim experience is good.
  • Additional protection through Shriram Group Critical Illness Rider and Accident Benefit rider on payment of additional premium.

We Call You Back

Submit the Enquiry Form or call us on our Toll Free:

CALL US :1800-3000-6116

Criteria Eligibility
Minimum age at entry 14 years age last birthday subject to applicable laws
Maximum age at entry 79 years age last birthday
Maximum age at maturity 80 years age last birthday
Minimum Policy Term 1 Year annually renewable
Minimum Sum Assured Rs.5,000 per member for lump sum benefit
Rs.500 per member per month for monthly income
benefit till the end of benefit payment period/retirement age whichever is applicable
Maximum Sum Assured Depends on Company's Board approved underwriting policy
Minimum Group Size 20 for employer employee groups and 50 for other groups

Renew Online

Now, Pay your Policy Premium Online through Credit / Debit Card or Netbanking.

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