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Shriram Life Term Insurance

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Shriram Life Term Insurance
Highlights
Claim Settlement Ratio95.12%
Customer Care10:00 AM to 7:00 PM
Death Benefit Paid For2,816 Policies
Inception2005
Presence529 Branches
Total Death Benefit PaidRs.77.88 Crore

Term Life Insurance Premium Calculator

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Choose required coverage to secure your family’s future

50L
1Cr
1.5Cr
2Cr
Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

Best Shriram Life Term Insurance Plans

1 Crore
1.5 Crore
2 Crore
2.5 Crore
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 99.51%
Starting From 707/Month
24hr Claim Settlement
Key Features:
  • Zero Cost Benefit
  • Terminal Illness
  • Nominee's Choice payout
  • Voluntary Top Up
  • Tax Benefits
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 97.84%
Starting From 812/Month
24hr Claim Settlement
Key Features:
  • Waiver of Premium on Disability
  • Terminal Illness
  • Life Stage Benefit
  • Tax Benefits
  • Special Exit Benefit
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 99.4%
Starting From 771/Month
24hr Claim Settlement
Key Features:
  • Tax Benefits
  • Terminal illness
See More Plans

About Shriram Term Insurance

Incorporated in 2005, Shriram Life Insurance is a part of the Rs.80,000 crore Chennai-based Shriram Group. A joint venture between Shriram Capital and Sanlam, a South African company, Shriram Life Insurance is a private company. Backed by 529 offices across the country, Shriram Life Insurance Company is aimed towards offering 100% customer satisfaction through its exceptional life insurance products as well as customer services. The private insurer offers a vast range of services through its mobile application “ShriMithra”. “ShriMithra” was launched in September 2019. At present, policyholders can make use of “ShriMithra” to pay renewal premium, request policy status, request changes to policy, update contact details and do much more.

Shriram Life Insurance has been awarded with Recognition for Active Customer Engagement Award 2019, Businesswoman of the Year 2018, Indian Insurance Award for Non-Urban Coverage, and Best Life Insurance Policy Awards. Shriram Life Insurance offers a vast array of affordable life insurance plans including term, savings, retirement, microinsurance and many more. Moreover, to enhance the level of protection, Shriram Life offers a wide range of riders that can be purchased at a minimal premium cost.

Shriram Life Term Insurance Plans

The list of term insurance plans at Shriram Life Insurance includes:

  • Shriram Life Cash Back Term Plan
  • Shriram Life My Spouse Term Plan
  • Shriram Life Online Term Plan
  • Shriram Life Smart Protection Plan
  • Shriram Life Smart Protection Plan SP
  • Shriram Life Family Protection
  • Corona Rakshak Policy
  • Shriram Life Saral Jeevan Bima

Popularly Opted Term Insurance Sum Assured

Shriram Term Insurance User Reviews

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What users are saying
  • All
  • I bought the Shriram term Life Insurance plan from InsuranceDekho. And when the time came for its renewal, I j...

    Read More
    R
    Shriram
    By Rahul Tanwar
    On: Dec 26, 2023
  • I could easily buy the Shriram Term Insurance Policy. InsuranceDekho caters to various budgets, making it easy...

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    S
    Shriram
    By Shubham Jain
    On: Nov 15, 2023
  • I had some questions about the different term insurance options available, and the customer support at Insuran...

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    A
    Shriram
    By Amrita Roy
    On: Oct 30, 2023
  • I got the opportunity to purchase the Shriram Term Insurance from InsuranceDekho. I must say that it offers fl...

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    V
    Shriram
    By Vishnu Kumar
    On: Sep 29, 2023
  • What I appreciated most was the transparency of information on InsuranceDekho's website. It made it easier for...

    Read More
    V
    Shriram
    By Vikram Pathak
    On: Sep 25, 2023

Claim Process at Shriram Life Term Insurance

  • 1

    Claim Intimation

    In the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
  • 2

    Submission of Documents

    Claim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
  • 3

    Claim Evaluation

    Once the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
  • 4

    Claim Settlement

    If claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.
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FAQ About Shriram Life Term Insurance

  • What is the CSR for Shriram Life Insurance Company?

    Shriram Life Insurance has a high CSR of 91.61% for the financial year 2019-20.

  • Which term insurance plans does Shriram Life provide?

    Shriram Life Insurance provides Shriram Life Cash Back Term Plan, Shriram Life My Spouse Term Plan, Shriram Life Online Term Plan, Shriram Life Smart Protection Plan, Shriram Life Smart Protection Plan SP, Shriram Life Family Protection, Corona Rakshak Policy and Shriram Life Saral Jeevan Bima. As the name suggests, Shriram Life Online Term Plan is an online plan.

  • What is the free look period for term insurance at Shriram Life Insurance?

    The free look period is 15 days. However, the free look period is 30 days if the policy has been purchased through distance marketing mode. 

  • What is the grace period for term insurance plans at Shriram Life Insurance?

    The grace period is 30 days for yearly, half yearly and quarterly mode. In case of monthly mode, the grace period is 15 days.

  • Does Shriram Life Insurance provide any protection plan against Covid-19?

    Yes! You can easily buy Corona Rakshak Policy to gain protection against Covid-19. The policy provides 100%  lump sum benefit in case of COVID-19 diagnosis and hospitalization.

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