FAQs for Shriram Life Sujana

 After you buy your policy, you get 15 days to go through the terms and conditions of this policy. If you disagree with any of the terms and conditions, then you can return the policy by stating your reasons. This period of 15 days is known as the free-look period.

If you return your policy within the free-look period under Shriram Life Sujana, then the cancellation of your policy will be processed and your premium will be refunded within 15 days from the date of receipt of the cancellation request.

Even if you fail to pay the premium within the due date due to any reason under Shriram Life Sujana, we allow you a grace period: this is 30 days in case you are paying a premium other than in monthly mode and 15 days if you are paying a monthly premium.

Shriram Life Sujana has been reviewed as one of the best group insurance plans by the policy holders. The plan enables them to not only stay financially protected but be relieved from the stress of who will repay the debt in case the insured person dies.

 If you opt to pay a premium other than in yearly mode under Shriram Life Sujana, then you can calculate your periodic premium by multiplying your annual premium with the following modal factor:

Monthly premium payments under Shriram Life Sujana can be made using the NACH online portal.

The claim process for the Shriram Life Sujana plan is really simple and disbursements are quick. This makes it one of the best-deferred annuity plans in India for policy holders.

 If there is a delay in settlement during the free look period, then the company will pay penal interest at 2% above the current bank rate.

 In case of the free look cancellation of the policy, the penal interest will be paid by the company from the date of request or date of receipt of the last necessary document, whichever is later. You can find more Shriram Life Sujana details in the policy brochure.