Shriram Life Insurance Term Plan
Shriram Life Insurance Term Plan Details for all the Term Insurance Plans is available here. Shriram Term Insurance is one of the best Life Insurance Plan offered by Shriram Life Insurance, which can be purchased for a fixed duration. The level term insurance plan is the simplest and easiest of all insurance plans. The Term Insurance of Shriram Life provides insurance cover to the family of the Insured in the case of Policy Holder Death during the time period of Policy. The Plan stops if the Insured Live longer than the term Insurance. The Other Shriram Term Insurance Plans offered by Shriram Life Insurance is Child Plans, Savings Plans, Pension Plans, ULIP Plans, etc. The Different Shriram Life Insurance Term Plan are Cash Back Term Plan, Group Term Life Insurance, Group Term Life Insurance in lieu of EDLI, Shriram Life Secure Plus Plan.
The Insured can select the term plan on single life basis and joint life basis. Maturity or survival benefits are not offered in the Term Insurance Plan, and then the Insured can opt for Term Return of Premium (TROP). The Policy Holder have to select the Shriram Life Insurance Term Plan, which suits best to you. The Life Cover amount varies according to the requirement of the Insured and also on the age of the Policy Holder. The Shriram Term Insurance Policy Details, Key Features & Benefits, Coverages is available below. The Shriram Life Insurance Premium can be paid Online by visiting the Shriram Life Website. The Official Website of Shriram Life Insurance is www.shriramlife.com.
Shriram Term Insurance Policy Details
The Shriram Term Insurance Policy Details consists of Key Features & Benefits, Coverages, Riders. The Policy Details of Shriram Life Insurance Term Plan is available below.
Shriram Life Term Insurance Key Features & Benefits
The Shriram Life Term Insurance Key Features & Benefits of all the Plans is available below.
- Age Requirement: The Customer, who wants to buy the term plan should be at least 18 years of age and the maximum age limit is 65 years.
- Policy Term: The Shriram Term Insurance provides single premium payment for policy terms between 5 years to 15 years. The Monthly premium payment is also provided for a policy term of 5 years to 25 years.
- Plan Selection: The Policy Holder have the option to choose the Shriram Life Insurance Term plan on single life basis or joint life basis.
- TROP: The maturity or survival benefits is not provided in Term plans. Thus, if the Insured is interested in maturity benefits, then you can opt for Term Return of Premium (TROP).
- Tax Benefits: The Insured can avail Critical Illness Benefit under Section 80D of the Income Tax Act.
- Death Benefit: If the death of the policyholder happens within the policy period, the sum assured will be payable to the nominee as a death benefit.
- Maturity Benefit: Maturity Benefits are available in Term insurance plans, on the survival of Policyholder until the policy term expires.
Shriram Term Insurance Plans Riders / Add-ons
The Shriram Term Insurance Plans Riders varies for all the plans that are available below.
Shriram Life Cash Back Term Plan, Shriram Life Secure Plus Plan Riders / Add-ons
Shriram Accident Benefit Rider
- The Rider Sum amount is paid to the Insured due to an accident that leads to Death or Permanent Disability to the Life assured.
- Tax Benefits are provided to the Policy Holder under Section 80C as per Income Tax Act.
Shriram Family Income Benefit Rider
- If the Life Assured becomes totally and permanently disabled due to an accident within rider term, every month a sum assured of 1% will be paid for 10 years or till the end of Rider term.
- Tax Benefits are provided to the Insured under Section 80C as per Income Tax Act.
Shriram Critical Illness Cover Rider
For most of the Shriram Life Insurance Plans, this rider is made available.
- The medical and rehabilitation costs are covered in this rider.
- The Policy provides Cover against SIX major critical illnesses.
- The Policy Holder can avail Tax benefits as per existing tax laws.
Shriram Group Term Life Insurance Plan, Shriram Group Term Life Insurance in lieu of EDLI Riders / Add-ons
Shriram Accident Benefit Rider
- The Rider Sum amount is paid to the Insured due to an accident that leads to Death or Permanent Disability to the Life assured.
- Tax Benefits are provided to the Policy Holder under Section 80C as per Income Tax Act.
Shriram Life Insurance Term Plan Details
The Shriram Term Insurance is the best plan provided by Shriram Life Insurance. For the Benefits of the Policy Holder, the Shriram Life Insurance provides various Term Insurance plans that are available below. The Insured can opt any of the plans according to the requirement. Here we are providing an overview of Coverages, Benefits and Key features offered by Shriram Life Insurance Term Plan.
List of Shriram Term Insurance Plans offered by Shriram Life Insurance
- Shriram Life Cash Back Term Plan.
- Shriram Group Term Life Insurance Plan.
- Shriram Group Term Life Insurance in lieu of EDLI.
- Shriram Life Secure Plus Plan.
Overview of Shriram Life Term Insurance Plans
The Different Shriram Life Term Insurance Plans are available below. The description for each Term Plan is explained below. The Insured have to read all the features of Shriram Life Insurance Term Plan before taking the Policy and opt for the plan which best suits to you and your family.
Shriram Life Cash Back Term Plan is an affordable plan by the Insured. The plan provides an amount in case of death of the life insured during the term of the policy. On the time of Maturity, all the premiums paid towards this policy are returned. The Life Assured could avail discounts on payment of advance premiums. For Detailed information, please refer the below link.
Shriram Life Cash Back Term Plan
Shriram Group Term Life Insurance Plan is a Group Term Assurance plan that is renewable for One year. In the event of the death of a member of the Group, the sum assured will be paid to the nominee/legal heir as applicable. The Plan provides security to the death member family and increases in productivity at work. As per the Income Tax laws, Tax Benefit is provided. For More Information, please refer the below link. For more information regarding Tax Benefits, visit www.taxqueries.in.
Shriram Group Term Life Insurance Plan
Shriram Group Term Life Insurance in lieu of EDLI provides life insurance benefit to all the employees under a single Plan issued to the employer. In the case of unfortunate death of the employee, the family members are paid with the sum assured. Under EDLI Coverage, the employer has to contribute 0.51% of the salary. For Detailed information, please refer the below link.
Shriram Group Term Life Insurance in lieu of EDLI
Shriram Life Secure Plus Plan provides financial security to your family in case of unexpected events. The Insured Family is provided with lump sum amount in case of death of the Policy Holder. The Policy is a non-linked and non-participating life insurance plan. The premiums paid towards this policy will be returned at maturity. For More Information, please refer the below link.
Shriram Life Secure Plus Plan
Shriram Life Insurance Term Plan Related Posts
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