This Plan is Closed for Sale (Serviced by Customer Service)

Shriram Group Term Life Insurance (UIN-128N042V02) is a One Year Renewable Group Term Assurance plan that offers the options of lump sum death benefit in the event of death of a member.

KEY BENEFITS

Benefits to the members of the group:

Death benefit:

  • If the member dies, the sum assured will be paid to the nominee /legal heir as applicable.
  • Sense of security to their families and increase in productivity at work.
  • Tax benefits on benefit proceeds may be available as per prevailing Income Tax laws.

Eligibility

ENTRY AGE

Minimum

14 Yrs

Maximum

79 Yrs

(As on last birthday)

MAX AGE AT MATURITY

80 Yrs

(As on last birthday)

Policy Term

1 Yr

(Annually renewable)

MINIMUM SUM ASSURED

Rs. 5,000

Per member

MAXIMUM SUM ASSURED

No Limit

Depends on Company’s Board approved underwriting policy

Minimum Group Size

20 for employer employee groups and 50 for other groups

Calculator

Click this link to calculate you premium.

RIDERS (Add Ons)

Accident Benefit Rider

Provides assistance to Life Assured, in the event of permanent / total disability due to an accident.

More


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Disclaimer

  • For more details on the risk factors, terms and conditions please read the sales brochure and/or sample policy document on our website carefully and/or consult our advisor.

  • Tax benefits are subject to change as per tax laws. Please consult your tax consultant on tax benefits.

Read the policy document here

Read the brochure here