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Online Term Plan

Better Coverage, Flexible Payouts and Easy Purchase with Shriram Life Online Term Plan

Better Coverage, Flexible Payouts and Easy Purchase with Shriram Life Online Term Plan

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Shriram Life Online Term Plan Eligibility

To buy the Shriram Life Online Term Plan, you have to fulfil the below-mentioned eligibility parameters: 

Criteria / Base Option Lump Sum Option Monthly income/ Lump Sum + Monthly income Option
Entry Age Limits 18 years to 55 years (age last birthday) 18 years to 45 years (age last birthday)
Maturity Age Limits Minimum – 28 years Maximum – 75 years Minimum – 38 years Maximum – 75 years
Policy Tenure 10 years to 57 years 20 years to 47 years
Premium Payment Tenure Equal to the chosen policy tenure
Minimum Premium Amount ₹1,695 per annum
Sum Assured ₹25 lakhs to ₹10 crores (in multiples of ₹1 lakh)
Terminal Illness Cover Equal to Sum Assured
Critical Illness Cover Minimum ₹5 lakhs Maximum 20% of Sum Assured subject to a limit of ₹20 lakhs
Accidental Death Benefit Cover Minimum ₹10 lakhs Maximum 100% of Sum Assured subject to a limit of ₹1 Crore
Maturity Benefit There is no maturity benefit under this plan
Loan Facility Not available under this plan

Disclaimer

For more details on risk factors, terms, and conditions please read the sales brochure carefully before concluding a sale.  

*Tax Benefits:  
Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.  
You are eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time.

IRDAI Regn No: 128  
CIN No : U66010TG2005PLC045616 of the Company

The Trade Logo displayed above belongs to Shriram Value Services Limited (“SVS”) and used by Shriram Life Insurance Company Limited under a License agreement.”

BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRADULENT OFFERS

  • IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.