FAQs on Shriram Life Special Plan

Yes, a savings bank account is mandatory for Shriram Life Special Plan enrolment.

The entry age that marks the eligibility for Shriram Life Special Plan is 18 years of age as per your last birthday. 

You have options to protect your whole family through Shriram Life Special Plan as this is a group term insurance plan. 

If your bank account doesn’t have enough balance for auto-debit of premiums for Shriram Life Special Plan, the premium won’t be taken from your account and the policy won’t be renewed.

After enrolment, if you are not satisfied with the ‘Terms & Conditions’ of the policy the policy can be returned to the company with reasons for cancellation within 15 days/ 30 days if the plan is sold through distance marketing, of receipt of the policy document.

Minimum 50 members are required to buy this group term insurance offered by Shriram Life Special Plan. 

You can give consent to auto-debit premium payment from your bank account for Shriram Life Special Plan by contacting your bank and filling out an auto-authorisation form. This might also include authorisation through SMS, phone calls or emails. 

The documents required for applying for a death claim for Shriram Life Special Plan include the death certificate of the policy holder, hospital documents, ID proof of the policy holder and nominee, and the policy bond document. Apart from these there is a complete list of documents required mentioned on the website www.shriramlife.com

You can only withdraw from the Shriram Life Special Plan after the completion of the existing tenure.

You should apply for Shriram Life Special Plan because this is one of the finest group term insurance policies at lower premium ranges.