FAQ's related to Shriram Life Group Term Life Insurance Plan

The Shriram Life Group Term Life Insurance Plan will cover all of the members of the company under one master policy.

You can be a nominee of the insured under the Shriram Life Group Term Life Insurance Plan if you are any of the following parties:

a. parents or

b. spouse or

c. children or

d. spouse and children

Your Shriram Life Group Term Life Insurance Plan does not come with a specific tenure, instead, it is annually renewable. 

Under Shriram Life Group Term Life Insurance, your nominee will receive the death benefit in case of your unfortunate demise.

Your premium payment towards Shriram Life Group Term Life Insurance is tax deductible. It is allowed as a business expenditure to the employers.

You can purchase an accidental death cover under the Shriram Life Group Term Life Insurance Plan by opting for the accident rider.

The death benefit you receive as a nominee under the Shriram Life Group Term Life Insurance Plan is not taxable. 

Under the Shriram Life Group Term Life Insurance Plan, you can access flexible premium payment modes. You can pick among yearly, half-yearly, quarterly or monthly premium payment modes, as per your requirements.

Shriram Life Insurance provides the Shriram Life Group Term Life Insurance Plan. You can visit the official site to know more about it through its brochure and policy document.

You must communicate the death claim within 90 days under the Shriram Life Group Term Life Insurance Plan. If there is any delay in claim intimation due to reasons that are beyond your control, the claim would be considered.