Shriram Life Term Insurance FAQs

Yes! If interested, you can buy the Shriram Life Online Term Plan.

You can choose from Shriram Life Critical Illness Plus Rider, Shriram Critical Illness Care Rider, Shriram Accidental Death & Disability Rider, Shriram Accidental Death & Disability Income Rider, Extra Insurance Cover Offline, Family Income Benefit Offline, Critical Illness Cover Offline, and Accident Benefit Rider Offline.

Yes! You can pick between yearly, half yearly, quarterly, or monthly premium payment modes as per your needs.

Yes! Policyholders having Shriram term insurance are eligible for tax benefits.

To raise a claim for the Total Permanent Disability in Shriram Life Insurance, keep the following documents handy with you: Disability intimation letter or certification issued by a competent medical officer, Complete medical records, Proof of ID, age, and address of the Life Assured, Photocopy of the bank’s passbook of the Life Assured (Authority – Concerned Bank Manager) and FIR copy (in case the disability is due to an accident) issued by the competent police authority.

es, you may download the claim forms by visiting Shriram Life Insurance official website.

If all the documents are in order, it will take around 30 days for Shriram Life Insurance Company to honour the claim.

As a rule, the original policy document is mandatory. However, if it is lost, Shriram Life Insurance Company deals with the matter on merits and arranges to accept photocopies of the documents along with an affidavit/indemnity bond.

Shriram Life Insurance provides Shriram Life Cash Back Term Plan, Shriram Life My Spouse Term Plan, Shriram Life Online Term Plan, Shriram Life Smart Protection Plan, Shriram Life Smart Protection Plan SP, Shriram Life Family Protection, Corona Rakshak Policy and Shriram Life Saral Jeevan Bima. As the name suggests, Shriram Life Online Term Plan is an online plan.

The free look period is 15 days. However, the free look period is 30 days if the policy has been purchased through distance marketing mode.

The grace period is 30 days for yearly, half yearly and quarterly mode. In case of monthly mode, the grace period is 15 days.

Yes! You can easily buy Corona Rakshak Policy to gain protection against Covid-19. The policy provides 100% lump sum benefit in case of COVID-19 diagnosis and hospitalization.

Shriram Life My Spouse Term Plan offers the following key benefits to all their customers – low premium rates because the premium rates for women have a setback of 3 years, a long policy term ranging from 10 years - 57 years, and the policy also provides critical illness cover, terminal illness cover along with death benefits.

The entry age for the Shriram Life Online Term Plan varies between 18 to 65 years. The maturity age for the same is 75 years.

To make changes in your submitted contact details in your Shriram Life Insurance Policy, you can either visit the nearby branch office or write to us at customercare@shriramlife.in.

A rider policy can only be added at the purchase of the parent policy but it can be deleted anytime when you deem fit. It can be officially cancelled on the policy anniversary.

Various factors affect the insurance premium calculation in Shriram Life Insurance company. They are, the sum assured, policy term, your age, gender, your smoking habits, the riders you choose, and the premium payment frequency.

Shriram Life Insurance Company's Life Assured Income Plus plan offers the minimum of 10 times the annualized premium for all their policyholders up to the age of 50 years. Beyond that, you receive your annualized premium seven times for a tenure of 5 years after the maturity of your selected policy.

The Shriram Life insurance premium for smokers is higher than that for non-smokers because of the higher risk involved.

No, each insurance plan has a separate calculator. The Shriram Life Insurance Term Insurance premium calculator will not be the same for an endowment insurance plan, and vice-versa.