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Shriram New Shri Life Plan
What is Shriram New Shri Life Plan?
Shriram New Shri Life Plan(UIN: 128N047V03) is a non-linked participating endowment plan. Besides being a systematic savings option, the plan acts as a reliable protection tool to your family in case of any adverse mishap to you. Shriram New Shri Life Plan is ideal because of the potential upside of Reversionary Bonuses which may be added to your life cover year by year and also the maturity benefit.
- Buy Shriram New Shri Life policy online in a few steps.
- Pay during the first half of the policy tenure and get extended life protection till policy maturity.
- Additional protection through riders.
- Lower premiums with higher sum assured and reversionary bonuses.
- Claim applicable tax benefits on premium payments.
- Receive basic sum assured with accrued reversionary bonus.
Policy Type
Savings Plans
Policy Term
10/15/20/25 years
Minimum Premium
₹5,000
Maturity Age
Maximum: 75 years
Features and Benefits of the Shriram New Shri Life
Premium Payments for Limited Duration
You will pay only during the first half of the policy tenure and not till the policy maturity with a Shriram New Shri Life policy.
Higher Savings with Reversionary Bonuses
An assured percentage of the sum assured gets added every year. You will receive this accrued bonus and the sum assured as the maturity or death cover.
High Sum Assured Rebates
For higher sum assured bands, you will receive discounts on premium payments. For a sum assured of ₹10,00,000 and above, a 5% discount is applicable.
Death Cover
With Shriram New Shri Life, your family will receive a higher sum assured along with accrued reversionary bonus and terminal bonus (if any) upon the demise of the life assured.
Extensive Cover Through Riders
Shriram New Shri Life benefits include four rider benefits to receive enhanced life cover against demise, accidents, and illnesses.
Flexible Premium Payment Options
Four premium payment modes are available for you in Shriram New Shri Life: Monthly, Quarterly, Half-yearly, and Annual.
How to Apply for Shriram New Shri Life
You can apply online for Shriram New Shri Life 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 New Shri Life
You can submit Death Claims, Disability Claims, Cancer Care Claims and Critical Illness Claims for your Shriram New Shri Life 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 Required Documents for Shriram New Shri Life
To be eligible for the Shriram New Shri Life policy, the life assured must meet the following eligibility criteria.
Age Limit | Entry Minimum: 30 days (age last birthday) | |||
|---|---|---|---|---|
Maximum Maturity | Minimum:18 years (age last birthday) | |||
Policy Terms | 10 | 15 | 20 | 25 |
Premium Mode | Yearly, Half-yearly, Quarterly, Monthly | |||
Premium Paying Term | 8,10 | 8,10,15 | 8,10,20 | 8,15,25 |
Maximum Premium Payment Age | For PPT 8 & 10: 70 years (age last birthday) | |||
Annual Premium | Minimum: ₹5000 | |||
Sum Assured | Minimum: ₹50,000 | |||
What does Shriram New Shri Life cover?
The Shriram New Shri Life offers life insurance for the chosen tenure. At the end of the tenure, the life assured will receive the maturity cover that includes the reversionary bonus and terminal bonus (if any). In case the life assured meets with demise, the nominee will receive the death cover along with the compounded reversionary bonus and terminal bonus (if any). There are four rider benefits too, to receive extended life cover and accident protection.
Document Download for Shriram New Shri Life
You can access and download policy-related documents of Shriram New Shri Life anytime from the https://www.shriramlife.com. Visit the website and go to the downloads section under your policy page to download the document.
On this page, enter your policy number, name, and other details. You can download the policy document of Shriram New Shri Life, and its brochures and presentation.
FAQs
Where can I download the policy documents of Shriram New Shri Life online?
You can download the policy documents of Shriram New Shri Life on the website https://www.shriramlife.com/ under the specific product.
Where can I submit the claim for Shriram New Shri Life?
You can download the claim forms online at the download centre of the Shriram website. These forms will be also available in Shriram branches.
When will the Shriram New Shri Life plan g lapse?
Your Shriram New Shri Life plan will lapse If you don’t make two full annualised premium payments.
What does a policy document of the Shriram New Shri Life plan contain?
The policy document contains an outline of the Shriram New Shri Life policy, the risk it covers, premium payments, tenure, and the sum assured.
Testimonials
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