Protection Life
Insurance Plans

Living every fraction of your life without worrying about the future and the responsibilities at hand, is the dream life of every person. With protection life Insurance plans, one can achieve this and celebrate his/her life in the most hassle free way. Protection plans are low cost insurance plans which have been specifically designed to provide economical stability and protection to the insurer's family, in case of any unfortunate and unpredictable event.


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Cash Back Term

Shriram Life Cash Back Term Plan (UIN-128N045V01) 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 and protecting their financial security.
Plan Details



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Shriram Life Family Protection Plan

Shriram Life Family Protection Plan is a non-linked non-participating insurance plan. This plan caters the needs of the clients who want to protect their families in case of untimely death.

Plan Details



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Group Term Life Insurance

Shriram Group Term Life Insurance (UIN-128N042V02) is a One Year Renewable Group Term Assurance plan that offers the options of lump sum death benefit in the event of death of a member.
Plan Details



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Group Term Life Insurance in lieu of EDLI

Shriram Group Term Life Insurance (UIN-128N040V02)is a better alternative to provide more life insurance benefit to all employees irrespective of their PF balances, salary level and service. In particular, premiums may be lower than the contributions made by the employer towards EDLI when the employee's salary is high and the group is young.
Plan Details




Protection Life Insurance Plans:

Living every fraction of your life without worrying about the future and the responsibilities at hand, is the dream life of every person. With protection life Insurance plans, one can achieve this and celebrate his/her life in the most hassle free way. Protection plans are low cost insurance plans which have been specifically designed to provide economical stability and protection to the insurer's family, in case of any unfortunate and unpredictable event.

Most of the insurance companies evaluate varying aspects of the insurer's life, which are considered to be influencing his/her life. Depending on the evaluation, they decide on the amount of protection, which is usually eight to ten times the annual income of the insured. The amount decided is ensured to be sufficient enough for maintaining the same standard of living and fulfilling other responsibilities, in case of insurer demise.


Why Protection life insurance plan?

  • To secure a comfortable future for your family and the loved ones
  • To lead a contented life even if there is no source of regular income
  • To get a protection from critical illnesses such as diabetes, hypertension, heart ailments, cancer, etc., which are on the rise in today's world.
  • To get complete protection against death and disability of the insurer and to avoid any kind of financial pressure on the family because of the same.
  • To ensure that you have enough corpus to fulfill your dreams

How choose a protection insurance plan?

  • Find out your long term goals and then choose a plan which suits your needs
  • Decide an approximate amount of premium which you would be comfortable in paying
  • Access every influencing factor before deciding on the protection you require. It is important to get an adequate protection which can be decided based on factors such as your income, standard of living, expenditure, etc

Few things to remember:

Premium Amount: The amount of premium for the protection plan is usually quite low, when compared to other insurance plans. However, it is advisable to check all the features so as to make an informed selection. For instance, check whether are there are varying premium rates for non-smoker and females.

Discounts on Large Corpus: Some of the plans offer discounts if the corpus assured is large. Here, one can get better protection for his/her family without spending more for the plan. Riders: Many plans offer various riders which can provide an extra protection for other unforeseen events such as illnesses and accidents.

Best time to choose: The best time to opt for a protection plan is as soon as you start your family. It is suggested to start as early as you can as it is understood that the amount of premiums increases if one enters insurance later in life. The benefits and the cover you get are also higher if you choose a plan early.

Things to be careful of:

It is advisable to compare various insurance companies as well as their claim settlement record for the last 4 to 5 years at least. These records, which can be found on the regulator's website, will give you a better idea on which company to trust and take buy your plan from.

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1800-3000-6116


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