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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.
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.
|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|
Revenue in Cr
Total Number Of Lives