Shriram Life Term Insurance Benefits

Term insurance plans at Shriram Life Insurance Company are exceptional in providing the desired financial security. A policyholder can easily buy one of the term plans to secure their family from unexpected financial instability in case of their demise. One of the key benefits of term insurance plans is that they come at affordable premium rates and do not require one to compromise on their financial goals in any form. Specifically designed to provide life cover, term plans or protection plans are advised to buy as per one’s needs to reap the maximum benefits.

Why to Buy Shriram Life Term Insurance?

Benefits associated with Shriram Life term insurance include:

• Cash Back on Maturity: Shriram Life Insurance Company's Cash Back Term Insurance Policy promises you higher financial security even if you survive the policy term with 105% of the premium amount returned on maturity.
• Death Benefits: The nominee of the policyholder is eligible for availing the death benefits in case of the policyholder's unexpected demise during the premium due date. Death benefits can be availed by the nominee either as assured income or a lump sum payout.
• Add-on Benefits of Riders: Shriram Life Insurance Company wants its customers to avail the maximum benefit out of their investments. You can opt for either of their four-rider benefits – Accident benefit rider or Shriram Critical Illness Cover Rider or Shriram Extra Insurance Cover Rider or Family Income Benefit Rider.
• Tax Benefits: One of the prime benefits of term insurance plans at Shriram Life is that the premium payable and sum assured of term insurance plans is exempted from tax.