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Shriram Life Family Protection Plan
What is Shriram Life Family Protection Plan?
Shriram Life Family Protection Plan (UIN: 128N061V02) is a non-linked non-participating family insurance plan that caters to the needs of clients who want to protect their families in case of the untimely demise of the insured person.
- Buy Shriram Life Family Protection Plan online in just three simple steps
- Get assured savings with Shriram Life Family Protection Plan
- Most affordable premiums to protect your family
- Select the best of multiple coverage options
- Enjoy tax benefits for premiums paid
Product Type
Protection Plans
Policy Term
10-25 years
Minimum Premium
Starting from ₹2,000
Maturity Age
75 years in normal cases 65 years for POS policies
Claim Process
Hassle-free claims process
Features and Benefits of the Shriram Life Family Protection Plan
High Policy Term
The policy term extends up to 25 years.
Affordable Premiums
It provides family life insurance protection at affordable premiums.
Multiple Payout Options
It comes with three payout options to receive death benefit.
Multiple Premium Payment Modes
Pay premiums either monthly or yearly as per your convenience.
Quick Claims Settlement
This plan provides quick settlement of claims. The claims are usually settled within 15-30 days.
How to Apply for Shriram Life Family Protection Plan
You can apply for Shriram Life Family Protection Plan in three easy steps:
Step 01
Register using your Mobile Number
Step 02
Verify and Proceed using OTP
Step 03
Receive a Call from our representative
How to Claim for Shriram Life Family Protection Plan
You can submit death claims, disability claims, cancer care claims and critical Illness claims for your Shriram Life Family Protection 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 Family Protection Plan
| Eligibility Criteria | Limits |
|---|---|
| Age Criteria | Minimum: 18 years (age last birthday) Maximum: 60 years (age last birthday) |
| Maximum Maturity Age | 75 years (age last birthday) 65 years (age last birthday) For POS policies |
| Policy Term | 10-25 years |
| Premium Payment Mode | Yearly, Monthly |
| Sum Assured | Starting from ₹10 lakhs |
What does the Shriram Life Family Protection Plan cover?
Shriram Life Family Protection Plan provides financial protection to the entire family in case of the demise of the insured person. It comes with death benefits where the nominees or the beneficiaries receive the death sum assured in case of the demise of the insured person. This sum can be received either in lump sum or in instalments at the choice of the policyholder.
Download Documents for Shriram Life Family Protection Plan
All 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, brochure and presentation.
FAQ's
How easy is the claim process for Shriram Life Family Protection Plan?
The claim process for the Shriram Life Family Protection Plan is really simple and disbursements are quick. This makes it one of the preferred policies for policyholders.
What is the primary focus of the Shriram Life Family Protection Plan?
The primary focus of the Shriram Life Family Protection Plan is to provide death cover to prospective policyholders to ensure financial protection for their loved ones.
Will I receive any benefits under the Shriram Life Family Protection Plan if I decide to surrender the policy?
The Shriram Life Family Protection Plan does not acquire any surrender value and so no surrender benefits are payable under this family life insurance plan.
Can I take loans against a family insurance policy?
You cannot take a loan against a family insurance policy.
Testimonials
What our customers say about us
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