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Smart Protection Plan

Coverage Against Uncertainties with Shriram Life Smart Protection Plan

Coverage Against Uncertainties with Shriram Life Smart Protection Plan

  • Self
  • Spouse
  • Child
  • Grand Child
Sticky Tab

Shriram Life Smart Protection Plan Eligibility and Required Documents

Entry Age

Minimum: 18 years (age last birthday)
RP - Maximum: 65 years (age last birthday)
LP - Maximum: 60 years (age last birthday) for PT 5 & 55 years (age last birthday)for PT 10 
POS - Maximum 55 years (age last birthday) for both RP and LP

Maximum Maturity Age

RP: 75 years(age last birthday)
LP: 65 years(age last birthday)
POS: 65 years(age last birthday) for both LP & RP

Policy Term

RP: 1 to 5 years (multiples of 1 year) & 10 to 30 years (multiples of 5 years)
LP: 5,10 years

Premium Paying Term

RP: Same as policy term
LP: 3 years

Modal Factors

Yearly

Half yearly

Quarterly

Monthly

1

0.05076

0.2557

0.0857

Minimum Premium

RP - Yearly - Rs 400 (for PT <=5 years) & Rs 2000 (for PT>10)
         Monthly - Rs.100 (for PT <=5 years) & Rs 400 (for PT>10)
LP - Subject to Minimum sum assured

Sum Assured

Minimum:
RP - ₹1,00,000
LP -  ₹30,000
Maximum: Rs.14,00,000, subject to Board approved underwriting policy.For both RP and LP(for POS in multiple of 50,000 only)

Disclaimer

For more details on risk factors, terms, and conditions please read the sales brochure carefully before concluding a sale.  

*Tax Benefits:  
Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.  
You are eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time.

IRDAI Regn No: 128  
CIN No : U66010TG2005PLC045616 of the Company

The Trade Logo displayed above belongs to Shriram Value Services Limited (“SVS”) and used by Shriram Life Insurance Company Limited under a License agreement.”

BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRADULENT OFFERS

  • IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.