Shriram Life Group Term Life
Insurance in Lieu of EDLI with
Low Cost and Easy Set-up
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Key Features of Shriram Life Group Term Life Insurance in Lieu of EDLI
Here are the features of the Shriram Life Group Term Life Insurance in Lieu Of EDLI
Short Premium Payment Tenure
With the Shriram Life Group Term Life Insurance in Lieu Of EDLI, you only need to pay a premium for one year and pick a payment mode at your convenience.
Short-term Renewable Cover
The plan can be renewed annually.
Tax-Free Claims
There are no taxes associated with the claim payments that are to be made.
Cover for Minors
As the entry age is just 14 years, this policy also financially protects minors.
Flexibility
You can opt for annual, half-yearly, quarterly and monthly premium payments.
Comprehensive Cover
It provides comprehensive coverage to the insured members, which can be further extended using riders.