Shriram Life Group Term Life Insurance Plan
Shriram Group Term Life Insurance (UIN: 128N042V04) is a one-year renewable group term assurance plan that offers the options of lump sum death benefit in the event of death of a member.
KEY FEATURES
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Easy to set up and administer the scheme at low cost.
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Minimal underwriting based on simple insurability conditions.
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Insurance cover for all members of the scheme with one policy document issued to the master policy holder.
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Additional protection through Accidental Death and Disability Rider on payment of additional premium.
KEY BENEFITS
Maturity Benefits
Not Applicable
Death Benefits
- If the member dies, the sum assured will be paid to the nominee / legal heir as applicable
- Sense of security to their families and increase in productivity at work
- Tax benefits on benefit proceeds may be available as per prevailing Income Tax laws
ELIGIBILITY
ENTRY AGE
Minimum
14 Yrs
Maximum
79 Yrs
Maturity AGE
Maximum
80 Yrs
sum assured
Minimum
₹ 5,000
Maximum
As per policy
minimum group size
- 20 for employer employee groups
- 50 for other groups
Minimum policy term
1 Yr
RIDERS (Add Ons)
Shriram Group Accidental death and Disability Rider
Provides assistance to Life Assured, in the event of permanent / total disability due to an accident.
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Disclaimer
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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.
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Tax benefits are subject to change as per tax laws. Please consult your tax consultant on tax benefits.
Read the policy document here