Simple plans to protect your family, build your savings, and bring you peace of mind, every step of the way.
Life Insurance
Life Insurance is a financial product that protects the financial security of families by offering a lump sum pay-out to the dependent beneficiaries who survive the loss or death of the policy holder. They also offer savings options to accumulate funds over a specified duration empowering wealth creation to meet future financial needs and goals such as savings, retirement, child education or marriage.
Shriram Life Insurance
Shriram Life Insurance provides a range of life insurance plans made to protect your family while helping you build savings as well as achieve your financial goals. These plans combine reliable life cover with flexible options for premium payments, so you can secure your loved ones' future without compromising your current needs. Whether you want long-term protection, savings for milestones, or a steady income after retirement, Shriram Life Insurance has options tailored to fit your life, all in clear, simple terms.
The Shriram Life Insurance Advantage
Shriram Life Insurance stands out for people looking for simple protection, flexible savings, and peace of mind, without any stress or hidden surprises. Each plan is designed to keep your family’s future secure, with options to customise coverage and premium payment so it fits your changing needs. You get reliable payouts, rider choices for extra cover as well as smooth online support that actually helps, whether you’re planning ahead or dealing with life’s sudden changes.
Shriram Life Insurance Products
ULIP Plan
ULIP Plans offer a unique combination of dual benefits in terms of Life cover and market linked investment growth through various fund options.
Term Insurance Plan
Term Insurance Plans provide high life cover at affordable premiums, offering pure protection to secure your family’s financial future in case of an unfortunate event.
Savings Plan
Savings Plans offer dual benefit of coverage of risk via term life insurance and option to accumulate corpus towards future needs.
Retirement Plan
Retirement Plans enable saving towards one’s sunset years, when one no longer has earnings from profession or career. They provide lumpsum or monthly payout benefits.
Child Plan
Child plans enable securing the future and corpus accumulation to meet education or marriage or other future goals of one’s child.
Protection Plan
Protection Plans help secure against unexpected financial shocks due to health ailments or premature death for premiums that start at low levels.
Features & Benefits
Dual Protection and Savings For You
With Shriram Life Insurance, you get life cover and a savings plan together, helping you prepare for future needs while looking after your family.
Flexible Premium Payments- Your Choice
Pick a payment schedule that works for you - monthly, quarterly, or yearly. No one likes extra stress when it comes to money.
Bonuses and Added Rewards
Shriram plans provide yearly bonuses and extra benefits, building your savings over time with every premium you pay.
Easy Claims and Support For You
Get help when it matters most. The claims team at Shriram Life Insurance aims to keep things simple and fast, no lengthy waiting or confusing paperwork.
Length of Cover and Withdrawal
Shriram Life Insurance plans usually come with flexible durations or timelines which ranges from short to long term which depends on your comfort as well as your choice. Whether you are planning for a short term or long term insurance, your policy stays active and you can access bonuses or maturity benefits as per your agreed terms. Some plans let you to make partial withdrawals or totally surrender the policy after a minimum period (check your plan for further detail).
How to Apply for Shriram Life Insurance
Step 01
Fill out the online application form or visit a Shriram Life branch.Step 02
Choose your coverage, payment term and any extra rider options.Step 03
Upload your required documents and pay the premium.Step 04
Receive confirmation and your new policy details.
How to Make a Claim
- Step 01Visit the Shriram Life claim portal or reach out to customer support.
- Step 02Submit the necessary documents like your (claim form, policy papers, ID proof, medical records, etc.).
- Step 03The claims team reviews all the details and then processes your request.
- Step 04Payout is made directly to the nominee’s account.
Who is eligible?
From 30 days up to 60 years (varies by plan)
Up to 75 years (depending on plan selected)
10 to 30 years (may vary by specific plan)
Annual, half-yearly, quarterly, or monthly
Coverage Details
What is Covered?
- Death benefit: A lump sum payout to your nominee in case of your untimely demise/death during the policy term
- Maturity benefit: The fund or sum assured paid to you on policy maturity which is based on the plan that you chose
- Partial withdrawals: Available after the minimum lock-in period, giving you flexibility to meet important needs
What is Not Covered?
- Death due to exclusions specified in the policy, such as suicide within the first 12 months
- Lapse of policy due to non-payment of premiums
Frequently Asked Questions (FAQs)
What types of insurance plans does Shriram Life provide?
Shriram Life provides term, savings, child, pension, and investment plans - each suited for different needs and goals.
How do I pay my Shriram Life premium?
You can pay your Premiums online, or at any branch, by UPI, NEFT, cards or auto-debit so you can choose the way that fits your routine and comfort.
What happens if I miss a premium payment?
There is a grace period which is usually 15 to 30 days, so that you can pay a little late and keep your policy active without losing any benefits.
Can I change my nominee after buying a plan?
Yes, you can easily change your nominee online or by visiting any branch after you choose to buy a plan. It is best to always align your policy with your current needs.
Does Shriram Life Insurance provide a maturity benefit?
Yes, many Shriram Life savings plans pay a lump sum maturity benefit at policy completion, including applicable bonuses.
How do I make a claim with Shriram Life?
Making a claim with Shriram Life Insurance is pretty simple. Just upload your form along with your documents online or through a branch and track the process while receiving updates.
Are tax benefits available on Shriram Life policies?
Yes, your policy from Shriram Life may qualify for tax deductions under Section 80C and payouts may be tax-free as well, as per Section 10(10D) of the Income Tax Act. Its best to always go through policies in detail before investing.
Can I withdraw part of my policy before it matures?
Most plans will let you withdraw partially after a fixed lock-in period, which is typically five years for ULIPs, subject to specific policy terms as per the policy you choose.
What riders can I add to my Shriram Life plan?
You can choose riders like accidental death, disability, or critical illness to increase your protection, based on your needs.
What is the minimum entry age for Shriram Life Insurance policies?
The entry age varies but can be as low as 30 days for some plans and usually goes up to 60 years, flexible for family stages.
Who gets the death benefit if the policyholder passes away?
The payout goes directly to the nominee listed on the policy, helping provide financial support for loved ones when it matters.
How do I check my policy status or get a statement?
You can visit the Shriram Life portal or contact customer care service for quick access to your policy details as well as statements, without any long waiting time or worries.
General Design & Layout Suggestions
- Interactive Tools: Include a premium calculator or goal selector for engagement.
- Trust Elements: Prominently display claim settlement ratios, testimonials, and any awards.
- Include numbers available if any (similar to competitors’ landing page as given below)
Disclaimer
For more details on risk factors, terms, and conditions please read the sales prospectus carefully before concluding a sale.
*Tax Benefits:
Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.
You are eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time.
IRDAI Regn No: 128
CIN No : U66010TG2005PLC045616 of the Company
The Trade Logo displayed above belongs to Shriram Value Services Limited (“SVS”) and used by Shriram Life Insurance Company Limited under a License agreement.”
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS
IRDAI or its officials do not engage in activities such as selling insurance policies or financial products, announcing bonuses, or investment of premiums. Members of the public who receive such calls are advised to lodge a police complaint
