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Shriram Life Term Insurance Benefits

72 reviews Rate This
Claim Settlement Ratio95.12%
Customer Care10:00 AM to 7:00 PM
Death Benefit Paid For2,816 Policies
Presence529 Branches
Total Death Benefit PaidRs.77.88 Crore

Term Life Insurance Premium Calculator


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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
2 Crore
    Tax Free
    1 Cr
Starting From 707/Month
24hr Claim Settlement
Key Features:
  • Zero Cost Benefit
  • Terminal Illness
  • Nominee's Choice payout
  • Voluntary Top Up
  • Tax Benefits
    Tax Free
    1 Cr
Starting From 857/Month
24hr Claim Settlement
Key Features:
  • Waiver of Premium on Disability
  • Terminal Illness
  • Life Stage Benefit
  • Tax Benefits
    Tax Free
    1 Cr
Starting From 771/Month
24hr Claim Settlement
Key Features:
  • Tax Benefits
  • Terminal illness
See More Plans

Benefits of Shriram Life Term Insurance

Term insurance plans at Shriram Life Insurance Company are exceptional in providing the desired financial security. A policyholder can easily buy one of the term plans to secure their family from unexpected financial instability in case of their demise. One of the key benefits of term insurance plans is that they come at affordable premium rates and do not require one to compromise on their financial goals in any form. Specifically designed to provide life cover, term plans or protection plans are advised to buy as per one’s needs to reap the maximum benefits.

Why to Buy Shriram Life Term Insurance?

Benefits associated with Shriram Life term insurance include:

  • Cash Back on Maturity: Shriram Life Insurance Company's Cash Back Term Insurance Policy promises you higher financial security even if you survive the policy term with 105% of the premium amount returned on maturity.
  • Death Benefits: The nominee of the policyholder is eligible for availing the death benefits in case of the policyholder's unexpected demise during the premium due date. Death benefits can be availed by the nominee either as assured income or a lump sum payout.
  • Add-on Benefits of Riders: Shriram Life Insurance Company wants its customers to avail the maximum benefit out of their investments. You can opt for either of their four-rider benefits – Accident benefit rider or Shriram Critical Illness Cover Rider or Shriram Extra Insurance Cover Rider or Family Income Benefit Rider.
  • Tax Benefits: One of the prime benefits of term insurance plans at Shriram Life is that the premium payable and sum assured of term insurance plans is exempted from tax.

Shriram Term Insurance User Reviews

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What users are saying
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  • I had some questions about the different term insurance options available, and the customer support at Insuran...

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    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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    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...

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    By Vikram Pathak
    On: Sep 25, 2023
  • I got the grace period for premium payments of my Shriram Term Insurance Plan which turned out to be a helpful...

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    By Sarla Kapadia
    On: Sep 14, 2023
  • InsuranceDekho's customer support team is highly responsive and knowledgeable. Whenever I had questions or nee...

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    By Deepak Verma
    On: Sep 11, 2023
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Why to Buy Term Insurance Policy Online from InsuranceDekho

  • Tax benefit upto 1,50,000*
  • Claim support everyday 10AM-7PM
  • 50 Lacs+ happy customers

Shriram Life Term Insurance Contact Details

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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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