Shriram Life Insurance is an insurance provider in rural market. The diverse insurance plans offered to cater the need of insurance for mass public & economically weaker section of society.
Shriram Group is a financial services corporation founded on April 5, 1974 by Ramamurthy Thyagarajan, AVS Raja and T. Jayaraman. Shriram life insurance has their headquarters in Chennai, Tamil Nadu, India. Shriram group did chit funds business before launching their group business and later on came into the lending business in a big way through Shriram Transport Finance (Commercial Vehicle Finance) and Shriram City Union Finance (Consumer and MSME Finance).R. Thyagarajan also won Padma Bhushan award in 2013.
Some of the group companies of Shriram are - Shriram Chits Tamil Nadu Pvt Ltd , Shriram City Union Finance Ltd., Shriram EPC, Shriram Properties Pvt. Ltd., Shriram Fortune Solutions Ltd., SHRIRAM chits, Shriram Financial Services Ltd., Shriram Housing Finance Ltd., Shriram Asset Management Company Limited., Shriram Foundation., Shriram Capital., Shriram Distribution services., Shriram Venture Ltd., Shriram Equipment Finance Co. Ltd., Shriram Insurance Broking Ltd., Shriram Automall India Ltd., Shriram Industrial Holdings Ltd., Shriram SEPL Composites Pvt. Ltd, Shriram Life Insurance, Shriram General Insurance, Shriram Transport Finance.
Child Life insurance plans are need based insurance cover primed for achieving the financial goals and ambitions of children post maturity. This could be for any financial objective such as higher education, marriage. Various type of child plans offered by Shriram finance are
An investment cum insurance based plan from Shriram Life Insurance with maturity benefit and regular surge of monthly income in the event of death of on death to compensate any monetary losses.
An reasonable premium based insurance plan from Shriram Life Insurance with double protection and regular monthly source of income in case of any misfortune event.
This is low cost insurance plan which has been exclusively premeditated to provide economical constancy and protection to the insurer’s family, in the event of any misfortune in future.
A simple and hassle free cover plan at affordable premium. In case of fateful event such as death, a lump sum payment is paid towards the financial assistance to insurer’s family. The death benefits are offered @ 10 times annual premium if age is less than 45 years and 7 times annual premium if age is 45 years and above
A One Year Renewable Group Term Assurance plan incorporated with the death benefit on lump sum payment or monthly regular payment to insurer’s family members. The plans come with a wonderful feature of setting up and monitor the schemes at a low cost.
A substitute to Group Term Life Insurance with enhanced life insurance benefit to all employees irrespective of their PF balances, salary level and service.
Shriram Life Secure plus Plan- a plan premeditated to cater the need of financial obligation or debt of the insured’s family in the event of any misfortune. The sum assured is paid in lump sum to the family of insured after his death. The other features include Maturity sum assured & 105% of the premiums paid till the date of death
Shriram Investment Life Insurance Plans are good for those who want to earn through systematic investment in capital market and avail the benefit of insurance protection at the same time.
A Unit Linked Insurance Plan that provide the insurance cover against any misfortune event in future along with the joy of rewarded earning through investment. The key highlights of this plan from Shriram life insurance are short premium payment term and auto transfer and switch options to alleviate the risk on investment capital.
A unit linked insurance plan with lump sum premium payment option. The plan ideal for those who cannot make premium payment on a fixed interval and hence can have complete peace of mind for insurance need by paying a single premium amount.
A unit linked regular premium insurance plan for those who wants to achieve a long term financial objective such child’s education, marriage in family or post retirement financial needs.
The plan is an extension of Ujjwal Life plan with the feature of single premium payment mode. Apart from the Dual benefit of market linked return and insurance protection under one umbrella, the plan offer six different fund option for investment as per risk appetite.
Combi Life Insurance Plans are comprehensive insurance plans from Shriram life insurance premeditated to cater the needs of both life and health protection cover. Various type of Combi Life Insurance Plans offered by Shriram finance are
In today’s age we all are vulnerable towards life threatening diseases and the swelling medical expenses. Star Shri Family Care offers complete coverage for our life and take care of healthy expenses at the same time. The benefits include regular hospitalization benefits on floater basis and provides lump sum assured payment in the event of death
In partnership with Star Health and Allied Insurance Co. Ltd., this plan assures all medical expenses such as Hospitalization Cover, nursing, surgeon expenses all are taken care of while a sum assured in integrated in the event of death of person insured.
Shriram Endowment Life Insurance Plan is a unique combination of triple benefit of saving, insurance and tax benefits with assured return. Various type of endowment plans offered are
A participating endowment plan from Shriram life insurance offering systematic savings option and unswerving protection cover against any misfortune event in future. Apart from enhanced return on investment due to compounding reversionary bonuses, the plan proffer return on maturity as well.
A non-linked participating plan from Shriram life insurance with integrated double insurance protection during the term and traditional life coverage after the maturity of plan term. Sum assured on survival is another luminous benefit of the plan.
An Endowment plan from Shriram life insurance designed to accomplish the dream of children. Adjustable survival benefit as per the financial requirement of child’s education and insurance cover for continuity of education in event of any misfortune event of any calamity are the key advantage of the plan.
An Investment based plan from Shriram life insurance to make the marriage of our loved one most memorable of their life. With expert guidance from Shriram insurance the financial requirement for marriage is taken care of.
To strengthen the relationship of Employer and employee and other groups with members under same set of contract, Shriram Group Life Insurance Plans are good. The group insurance is most cases are a part of employee benefit package, wherein the major chunk of premium is paid by the employer or company.
Eligibility of Group plans
Micro Life Insurance Plans are designed to meet the insurance requirement of those who cannot afford the regular premium plans due to their financial limitations.
Various type of plans under this category are
A Micro Insurance plan from Shriram life insurance offered in two premium variants as single premium or special premium (one time ). The premium is paid either one time or for particular term , however offers insurance cover for life time to the weaker section of society.
A non linked non participating term insurance plan from Shriram life insurance which provides insurance cover to the rural segment of economy at an affordable premium.
The convention & comfort Savings is an integral part of financial planning for most of the Indian Consumers. At Shriram Life insurance, the products for saving cum insurance plans are tailor-made to encourage the same.
A participating endowment plan offering systematic savings option and unswerving protection cover against any misfortune event in future. Apart from enhanced return on investment due to compounding reversionary bonuses, the plan proffer return on maturity as well.
A non-linked participating plan from Shriram life insurance with integrated double insurance protection during the term and traditional life coverage after the maturity of plan term. Sum assured on survival is another luminous benefit of the plan.
An Endowment plan from Shriram life insurance designed to accomplish the dream of children. Adjustable survival benefit as per the financial requirement of child’s education and insurance cover for continuity of education in event of any misfortune event of any calamity are the key advantage of the plan.
An Investment based plan from Shriram life insurance to make the marriage of our loved one most memorable of their life. With expert guidance from Shriram insurance the financial requirement for marriage is taken care of.
A savings cum investment plan from Shriram life insurance with triple benefit of savings, investment and insurance. The plan offers periodical survival benefits apart from the maturity and death benefits.
A onetime investment cum insurance plan from Shriram life insurance with double benefit of life protection and earning on capital investment. Customer can avail the tax benefit as per IT rules.
Shriram insurance salutes the spirit of womanhood by offering customized options in their bouquet of plan. The options are provided basis the category to which they belong i.e.
Shriram insurance offers online platform for the purchase of plans online. Enrolling plans online are not hassle free process, but it also brings transparency into the entire process. Some of the key benefits of online conscription of Shriram life insurance plans are
For the online payment mode, the policyholder can pay via;
Step 1: Sign into the e-Portal with policy details
Step 2: Select payment option (Bank, Debit/credit Card) to pay
Step 3: Save/print e-receipt
You can renew your policy via Mobile, please visit e-portal
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