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Shriram Life Group Superannuation Plan
What is Shriram Life Group Superannuation Plan?
Shriram Life Group Superannuation Plan (UIN: 128N064V02) is a non-linked non-participating yearly renewable group superannuation plan that can be taken by employers to manage pension funds for their employees.
- Efficient management and administration of superannuation liabilities
- Assured benefits on pooled or individual superannuation fund
- The minimum guaranteed interest rate of 0.1% per annum during the entire term of the policy
- Buy Shriram Life Group Superannuation Plan online in just a few simple steps
- Can be purchased by new employers not having any scheme or by ones looking to switch over.
Policy Type
Employee Benefits Plans
Policy Term
Renewable annually
Minimum Cover
As per the scheme rules
Maturity Age
76 years
Features and Benefits of Shriram Life Group Superannuation Plan
Long Policy Cover
The cover under the Shriram Life Group Superannuation Plan expands up to 76 years of age.
Yearly Renewable
Shriram Life Group Superannuation Plan is a yearly renewable plan.
Group Insurance Plan
Shriram Life Group Superannuation Plan is primarily a non-linked non-participating group insurance plan.
Employer-Employee Groups
Shriram Life Group Superannuation Plan is an employee’s group superannuation scheme that is designed to cater to the needs of the employer-employee groups.
Yearly Premium Payment
Premiums under the Shriram Life Group Superannuation Plan should be paid annually.
Superannuation and Retirement Planning
Shriram Life Group Superannuation Plan is an ideal plan for the superannuation and retirement planning of employees.
How to Claim for Shriram Life Group Superannuation Plan?
You can submit death claims, disability claims, cancer care claims and critical Illness claims for your Shriram Life Group Superannuation Plan online on our website by following simple steps provided below
Step 01
Come to the claim center, select intimate claim Button
Step 02
Choose in the dropdown Request Type - death
Step 03
Fill the details of insurer, death event, details of doctor who declared death (Doctor -Non mandatory)
Step 04
Fill the personal and bank details of claimants and upload the documents
Documents to be uploaded
- Death certificate issued by Local Body/Municipal Body
- Nominee bank passbook
- Postmortem report
- Claim form B
- Claim form A
- Policy Document
- Hospital Summary/Hospital records
- Nominee ID proof (ID proof /address Proof)
- FIR/ Panchnama/ Inquest Report and final investigation report
- Upload Signature of claimant
- Copy of driving license if Life Assured was driving the vehicle at the time of accident (applicable if Rider is opted)
- NEFT mandate form
- Claims form C and E wherever applicable
Eligibility and Documents Required for Shriram Life Group Superannuation Plan
| Eligibility criteria | Limits |
|---|---|
| Age criteria |
Minimum entry: 14 years |
Maximum maturity |
76 years |
| Policy term | Annually Renewable |
| Minimum cover | As per the scheme rules |
| Minimum group size |
10 employees |
What Does Shriram Life Group Superannuation Plan Cover?
Shriram Life Group Superannuation Plan coverage expands to death benefits whereby in case of the demise of any member of the group, death benefits will be paid to the nominees or the beneficiaries of the insured member. Further, Shriram Life Group Superannuation Plan also covers the retirement benefits that will be paid to the member on their retirement. Further, interest will also be paid under the plan.
Download Documents for Shriram Life Group Superannuation Plan
All the policy-related documents are easily available online on the website for the comfort and ease of all our customers. You can simply visit our website www.shriramlife.com go to the download section on the policy page and download the policy document, group superannuation plans brochure and presentation.
Frequently Asked Questions
Is the online claim process for Shriram Life Group Superannuation Plan easy?
The claim process for the Shriram Life Group Superannuation Plan online is really simple and the disbursements are quick. This makes it one of the preferred policies of our policyholders.
Can I take a loan against the Shriram Life Group Superannuation Plan?
Loans are not granted under the Shriram Life Group Superannuation Plan
When will the cover under Shriram Life Group Superannuation Plan terminate?
The cover under Shriram Life Group Superannuation Plan will terminate on the earliest of the following dates:
- The date of cessation of the membership or employment
- The date on which the member attains the maximum maturity age
- The date on which the master policy is surrendered
- The date of demise of the member
- The policy account value is insufficient to recover the mortality charges
When is the policy deemed as surrendered?
The policy will be deemed terminated upon the occurrence of any of the following events:
- Upon payment of the surrender value
- Upon mutual agreement by both the Shriram Life Insurance Company and the Group Policy holder
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