Shriram Life Group Life Protector (SP)

Shriram Group Life Protector Plan (UIN: 128N044V01) is a non-linked, non-participating group life insurance plan that provides protection in case of unfortunate death of the insured member of the group.

Who should buy this plan?

Shriram Group Life Protector Plan 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.

KEY FEATURES

  • Cover can be structured according to the needs of the group – Monthly reducing cover, Annual reducing cover & level cover.

  • Single premium payment.

  • Tax benefits as per laws.


ELIGIBILITY

ENTRY AGE

Minimum

18 Yrs

Maximum

68 Yrs

(As on last birthday)

Maturity AGE

Maximum

70 Yrs

(As on last birthday)

Cover term

Minimum

2 Yrs

Maximum

30 Yrs

minimum group size

50 Members

Minimum Cover

Minimum

Rs. 5,000 Per member

Maximum

Rs. 100 crores Per member

* subject to the board approved underwriting policy.

RIDERS (Add Ons)

No riders available.

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Disclaimer

  • For more details on the risk factors, terms and conditions please read the sales brochure and/or sample policy document on our website carefully, and/or consult our advisor.

  • Tax benefits are subject to change as per tax laws. Please consult your tax consultant on tax benefits.

Read the policy document here

Read the brochure here