OTP Verification
Please Enter OTP that has been sent to your registered
mobile number +91
Shriram Life Cash Back Term Plan
What is Shriram Life Cash Back Term Plan?
Shriram Life Cash Back Term Plan (UIN 128N045V04) is a non-linked, non-participating term insurance plan that provides protection with savings.
- Coverage against premature demise during the term
- Premium refund on maturity
- Buy additional protection through riders
- Availability of paid-up and surrender values
- Flexible premium payment terms and frequencies
- Get guaranteed benefits plus tax exemptions under Shriram Life0 Cash Back Term Plan
Policy Type
Protection Plans
Policy Term
Up to 25 years
Minimum Premium
₹2000
Maturity Age
70 years
Features and Benefits of Shriram Life Cash Back Term Plan
Term Insurance Protection
Shriram Life Cash Back Term Plan is a term insurance plan that provides coverage against the risk of premature demise during the tenure.
Premium Refund
Get the premiums refunded if the plan matures and the life insured is alive.
Optional Riders
Choose from three optional riders for wider protection.
Longer Duration
Get covered for up to 25 years against the risk of untimely demise.
Flexibility
Get limited or regular premium payment tenures and different frequencies for flexible payments.
Tax Benefits
Enjoy tax benefits on the premium paid and the benefits received from the plan.
How to Apply for Shriram Life Cash Back Term Plan?
You can apply online for Shriram Life Cash Back Term Plan in just four easy steps to submit your application:
Step 01
Please enter your Name and Mobile number and Email address
Step 02
Verify your Mobile Number and Basic details
Step 03
Select Premium Details
Step 04
Purchase Your Policy
How to Claim for Shriram Life Cash Back Term Plan?
You can submit Death Claims, Disability Claims, Cancer Care Claims and Critical Illness Claims for your Shriram Life Cash Back Term 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 Cash Back Term Plan
| Eligibility Criteria | Limits | |||||||
| Age Criteria |
Entry Minimum: 12 years (age last birthday) Maximum: 50 years (age last birthday) |
|||||||
| Maximum Maturity | Age 70 years (age last birthday) | |||||||
| Policy Term | 10 years | 15 years | 20 years | 25 years | ||||
| Premium Paying Term | 5,10 years | 5,7,10,15 years | 5,7,10,15,20 years | 5,7,10,15,25 years | ||||
| Minimum Annualised Premium | ₹ 3,000 | |||||||
| Premium Mode | Yearly, Half-yearly, Quarterly, Monthly | |||||||
What does the Shriram Life Cash Back Term Plan Cover?
Shriram Life Cash Back Term Plan is a term insurance plan. It covers the risk of premature demise for up to 25 years. The death sum assured is paid if the life insured passes away during the chosen tenure. Alternatively, if the life insured survives the policy tenure, the premiums paid are refunded on maturity. The Shriram Life Cash Back Term Plan also allows choosing three riders to enhance coverage.
Downloads
You can download the Shriram Life Cash Back Term Plan policy documents online. Shriram Life provides an online facility to its customers so that downloading documents becomes easy. You can visit www.shriramlife.com and open the Shriram Life Cash Back Term Plan product page. On the page, you can download the policy brochure and document for your reference.
FAQ's
How is Cashback Term Plan different from the basic pure-protection term insurance policy?
The Cashback Term Plan differs from the basic pure protection policy regarding the maturity benefit. The basic term insurance plan does not provide a maturity benefit. However, the Cashback Term Plan provides a maturity benefit in which the premiums paid towards the policy are returned if the insured survives the policy tenure.
Can I change the premium payment mode of my Shriram Life Cash Back Term Plan?
You can change the premium payment frequency under Shriram Life Cash Back Term Plan.
Are minor lives covered under Shriram Life Cash Back Term Plan?
Minor lives are covered under Shriram Life Cash Back Term Plan. However, coverage for such lives starts from the first policy anniversary. If the minor passes away during the first year, the premium is refunded.
Can I get my money back under the Shriram Life Insurance Cash Back Term Plan?
You can get your money back under the Shriram Life Insurance Cash Back Term Plan if you survive the policy tenure. The premium paid will be refunded on maturity.
Testimonials
What our customers say about us
Abha
Rasiya
Nagamani
Manjunath
Abha
Rasiya
Videos
Shriram Life Cash Back Term Video 3
Shriram Life Cash Back Term Video 1
Shriram Life Cash Back Term Video 2
Shriram Life Cash Back Term Video 3