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Special Plans

Special Plan for your Better Future!

Shriram Life Special Plan - Group Term Insurance starting from ₹330 onwards per member annually

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FAQs on Shriram Life Special Plan

Is any sort of bank account mandatory for Shriram Life Special Plan enrolment?

Yes, a savings bank account is mandatory for Shriram Life Special Plan enrolment.

What is the entry age that marks the eligibility for Shriram Life Special Plan?

The entry age that marks the eligibility for Shriram Life Special Plan is 18 years of age as per your last birthday. 

What are the options to protect my whole family through Shriram Life Special Plan?

You have options to protect your whole family through Shriram Life Special Plan as this is a group term insurance plan. 

What happens if my bank account doesn’t have enough balance for auto-debit of premiums for Shriram Life Special Plan?

If your bank account doesn’t have enough balance for auto-debit of premiums for Shriram Life Special Plan, the premium won’t be taken from your account and the policy won’t be renewed.

What are the free-look options available with Shriram Life Special Plan?

After enrolment, if you are not satisfied with the ‘Terms & Conditions’ of the policy the policy can be returned to the company with reasons for cancellation within 15 days/ 30 days if the plan is sold through distance marketing, of receipt of the policy document.

How many members can be part of the group term insurance of the Shriram Life Special Plan at max?

Minimum 50 members are required to buy this group term insurance offered by Shriram Life Special Plan. 

How to give consent to auto-debit premium payment from my bank account for Shriram Life Special Plan?

You can give consent to auto-debit premium payment from your bank account for Shriram Life Special Plan by contacting your bank and filling out an auto-authorisation form. This might also include authorisation through SMS, phone calls or emails. 

What are the documents required for applying for a death claim for Shriram Life Special Plan?

The documents required for applying for a death claim for Shriram Life Special Plan include the death certificate of the policy holder, hospital documents, ID proof of the policy holder and nominee, and the policy bond document. Apart from these there is a complete list of documents required mentioned on the website www.shriramlife.com

Can I withdraw from the Shriram Life Special Plan anytime?

You can only withdraw from the Shriram Life Special Plan after the completion of the existing tenure.

Why should I apply for Shriram Life Special Plan?

You should apply for Shriram Life Special Plan because this is one of the finest group term insurance policies at lower premium ranges. 

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.