OTP Verification
Please Enter OTP that has been sent to your registered
mobile number +91
Shriram Life Smart Protection Plan
What is Shriram Life Smart Protection Plan?
Shriram Life Smart Protection Plan (UIN: 128N069V05) is a non-linked, non-participating, pure term insurance plan that provides financial coverage along with optional Accidental Cover or Critical Illness Cover.
- Buy the Shriram Life Smart Protection Plan online in a few simple steps.Buy the Shriram Life Smart Protection Plan online in a few simple steps.
- Choose between three plan options for different coverage needs.
- Pay affordable premiums that are easy on your wallet.
- Claim long-term coverage for up to 30 years with this smart protection plan insurance.
- Claim inbuilt accidental cover with the Gold Plan option.
- Gain coverage against six critical illnesses with the Diamond Plan option.
Policy Type
Protection Plans
Policy Term
Up to 30 years
Minimum Annual Premium
Starting from ₹270
Maturity Age
75 years (Regular Pay)
Features and Benefits of the Shriram Life Smart Protection Plan
Annual premium as low as ₹ 270 p.a
Long term cover of up to 30 years.
Option to avail enhanced protection
- Silver Option: Life Cover.
- Gold Option: Life Cover with in-built Accidental Death Benefit.
- Diamond Option: Life Cover with in-built Critical Illness Benefit.
These options shall be chosen at the time of proposal only and cannot be changed during the policy term. The premium rates under the three options will vary based on the type of option chosen.
T&C apply
How to Apply for the Shriram Life Smart Protection Plan
You can apply for the Shriram Life Smart Protection Plan in four 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 under the Shriram Life Smart Protection Plan
You can submit death claims, disability claims, cancer care claims and critical Illness claims for your Shriram Life Shriram Life Smart 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 Smart Protection Plan
You can apply online for Shriram Life Smart Protection Plan. Follow the steps given below to submit your application
Entry Age | Minimum - 18 Yrs |
|---|---|
Maturity Age | Regular Pay: 75 Years |
Sum Assured | Minimum - RP - ₹ 1,00,000 and LP - ₹ 30,000 |
Policy Term | Regular Pay - 1-5 Yrs (multiples of 1 yr) |
Premium Payment Term | Regular Pay - Same as policy term |
Modal Factor | Yearly - 1 |
What does the Shriram Life Smart Protection Plan cover?
Shriram Life Smart Protection Plan covers the risk of premature demise. If the insured passes away during the policy term, a death benefit is paid. Moreover, there are two other plan variants that give you inbuilt rider coverage. These variants either cover accidental death or critical illness and pay an additional benefit in these contingencies. So, depending on the plan variant selected, the Shriram Life Smart Protection Plan will cover premature demise, accidental demise or critical illness.
Download Documents for Shriram Life Smart Protection Plan
All policy-related documents can be easily downloaded from the Shriram Life website. Just visit www.shriramlife.com and open the product page; go to the download section on the page and click on download to get the policy document, brochure or presentation of the Shriram Life Smart Protection Plan.
FAQ's
What is the meaning of a pure term plan?
A pure term plan is one that does not have a maturity benefit. The plan covers only the risk of premature demise and is, thus, primarily a protection plan.
Which insurance company offers the best protection plan?
Every insurance company offers attractive protection plans. Shriram Life offers a range of protection plans with comprehensive coverage options. You can take a look at our smart protection plan to claim the benefits of financial coverage against accidental demise.
Does Shriram Life's Smart Protection Plan allow me to earn a bonus?
Shriram Life's Smart Protection Plan is a term insurance plan that does not allow you to earn a bonus.
Can I create a savings corpus with the smart plan?
The smart plan is designed to provide coverage against premature demise and does not have any saving element. So, you will not be able to create a savings corpus with the smart plan.
How can I choose the best protection plan?
The best protection plan would be one that has an optimal sum assured with affordable premiums and provides an all-inclusive scope of coverage. The Shriram Life Smart Protection Plan is one such protection plan that offers affordable coverage with different coverage options for all-round protection.
Testimonials
What our customers say about us
Abha
Rasiya
Nagamani
Manjunath
Abha