Shriram Life Micro Insurance Plans Coverages

If the policy holder survives the policy tenure, the premiums paid are refunded on the maturity of the policy. This benefit is available only under the relevant individual Shriram Life Micro Insurance Plan.

It is easy to secure the repayment of loan liabilities through Shriram Life Micro Insurance Plans. The group credit life insurance plan allows coverage linked to an existing loan. The coverage also reduces with the reduced loan amount. If the policy holder passes away during the tenure, a death benefit is paid. The outstanding loan amount can then be paid using the death benefit.