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Shriram Life Insurance Premium Calculator

One can very easily use the Shriram life insurance premium calculator in very few steps. Steps to be followed:

Step 1: Select the Plan - The first step to be followed is that the individual has to select the necessarily required plan from the given list of different plans in the dropdown.

Step 2: Fill in the required details - After the plan is selected, the individual is required to fill in all the necessary details to calculate the assured sum. One would be required to enter the DOB, age, policy term, premium paying term, and enter the sum assured. No mistake should be made when selecting all these details.

Step 3: Premium amount - After clicking on the submit button, a page will appear that will show the individual premium charges.

Advantages of using  Shriram Life Insurance Premium Calculator

Shriram life insurance premium calculator will help an individual easily calculate his premium plans. Some benefits offered by the same are:

1. Time-efficient

Premium calculator is fast, effective, and reliable. They help in calculating the estimated premium sum in no less than 1 min. All that one has to do is follow the right steps, select all the values, and Voila your estimated sum is calculated.

2.  Accurate Results

With the insurance market being so saturated, everyone needs a reliable and correct source of calculation. Using the premium calculator an individual can just have to enter the details and he would get an accurate estimated sum.

3. Cost- effective

This calculator is available for free on the website. With one click, you can get your estimated premium value for your plan. One can use the calculator to find how many premiums they need to pay towards a policy.

Information required while using the Premium Calculator

Any individual using the Shriram life insurance premium calculator should be aware of the following information:

  • Personal information i.e.an an individual must know his DOB.
  • Policy term- policy term is the period in which your term insurance policy will remain active. Hence a person filling in the details should be aware of this term.
  • Premium paying term- This is the total number of years where the policyholder can make the premium payments.
  • The pre-decided amount (sum assured) that the insurance company will pay to the policyholder.
  • Rider- A rider is an insurance policy provision that adds extra coverage options or amends the terms of a basic policy. If needed an individual can choose a rider for additional coverage options.

Benefits of using Shriram Life Insurance Policy:

Shriram life insurance policy offers a wide range of benefits ranging from protection plans, savings plans and more. Some of them are:

1. Life Goals:

Shriram Life Insurance Policy offers a double death benefit. In the case after death, one gets the sum assured with an additional death benefit. One can choose to receive the death benefit in a lump sum or the form of a family income benefit. Also, three riders can be chosen by the required beneficiary.

2. Protection:

If the sole breadwinner of a family dies prematurely, the policy offers different protection plans to cover all the financial crisis the family may face, if no other provision is made for them.

3. Flexible-Premium Payment:

An individual could create an entity for his/her financial goals while enjoying a life bonus added to insurance coverage. Also one can extend the coverage bonus after maturity.

4. Retirement becomes Easy:

Shriram Life Insurance Policy offers effective and reliable retirement plans. The plan lets one create a retirement corpus through regular investments when one is working or one can buy a plan which lets them avail a lifetime of income.

Shriram Life Insurance Premium Rates

Shriram insurance plans are available at competitive premium rates that don’t burn a hole in someone’s bag. There are many plans to go with the budget. Premium rates differ:

  • Longer protection; provides life cover up to the age of seventy-five years.
  • Lower premium rates for women: Female insure individuals can get attractive premium savings.
  • High sum assured savings: This allows for premium savings just in case you opt for a better sum assured.
  • Complete protection: enhance your protection with optional coverage for complete peace of mind.
  • The premium would differ based on the choice of the profit choices.

Why should one use Shriram Life Insurance Premium Calculator?

With a range of life insurance policies coming into the market, finding and choosing the right one becomes a tough game. One should always test and analyse original plans and find one suitable for them.

Shriram life insurance premium calculator is an online calculator that makes calculating your policy premium easy and convenient. Using this calculator makes it easy for its customers to sort all their financial needs. This calculator helps one choose from a range of different plans and so calculate the sum assured.

Here are the reasons an individual should consider using a life insurance premium calculator:

  • A life insurance premium calculator will always fetch you the most accurate results.
  • When using a life insurance premium calculator, you don’t have to remember complex formulas or manual computations.
  • Along with an accurate estimation of an assured sum, one can likewise choose different safe riders.

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C apply.

Written By: PolicyBazaar - Updated: 04 May 2021
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