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Shriram Group Term Life Insurance (UIN-128N040V02) is a better alternative to provide more life insurance benefit to all employees irrespective of their PF balances, salary level and service. In particular, premiums may be lower than the contributions made by the employer towards EDLI when the employee's salary is high and the group is young. A single Master Policy Issued to the employer provides Life Insurance Benefit for all employees.
Shriram Group Term Life Insurance in lieu of EDLI is an affordable, easy-to-obtain financial security net for you and your loved ones. It pays a lump sum payment in case of unfortunate death helping your family to reduce their debts.
|Minimum Age At Entry||14 years last birthday|
|Maximum Age At Entry||74 years last Birthday|
|Maximum Exit age||75 years last birthday|
|Minimum Sum Assured||Rs.3,62,000/-|
|Maximum Sum Assured||Rs.15,00,000/-|
|Term||One Year(Renewable annually)|
|Nature of Scheme||Statutory|
|Premium pay mode||Yearly, Half Yearly, Quarterly or Monthly|
|Minimum Group Size||20 Members|
Revenue in Cr
Total Number Of Lives