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Shriram Life Group Life Protector SP
What is Shriram Life Group Life Protector SP?
Shriram Life Group Life Protector SP (UIN: 128N044V04) is a non-linked non-participating group pure risk premium life protection plan that provides death benefits in case of the demise of the insured person.
- Buy Shriram Life Group Life Protector SP in just a few simple steps
- Affordable premiums
- Claim long life cover till 70 years of age
- Low minimum cover
- Get guaranteed benefits plus tax exemptions with Shriram Life Group Life Protector Plan SP
Policy Type
Protection Plans
Policy Term
1 year to 30 years
Minimum Cover
₹5,000 per member
Maturity Age
70 years
Features and Benefits of Shriram Life Group Life Protector SP
Long Policy Cover
Shriram Life Group Life Protector SP protects you for a long time till the time you reach 70 years of age.
Low Minimum Cover
The minimum Group Life Protector SP coverage starts at just ₹5,000 per member.
Affordable Premiums
Being a pure risk insurance cover plan, premiums for Shriram Life Group Life Protector SP are affordable.
High Maximum Cover
The maximum group life protector plan coverage extends up to ₹100 crores per member.
Group Insurance Plan
Shriram Life Group Life Protector SP is a group insurance plan.
Low Minimum Group Size
The minimum group size under Shriram Life Group Life Protector SP is just 50 members.
How to Claim for Shriram Life Group Life Protector SP?
You can submit death claims, disability claims, cancer care claims and critical Illness claims for your Shriram Life Group Life Protector Plan online on our website by following simple steps provided below.
Step 01
Come to the claim center, select intimate claim Button
Step 02
Choose in the dropdown Request Type - death
Step 03
Fill the details of insurer, death event, details of doctor who declared death (Doctor -Non mandatory)
Step 04
Fill the personal and bank details of claimants and upload the documents
Documents to be uploaded
- Death certificate issued by Local Body/Municipal Body
- Nominee bank passbook
- Postmortem report
- Claim form B
- Claim form A
- Policy Document
- Hospital Summary/Hospital records
- Nominee ID proof (ID proof /address Proof)
- FIR/ Panchnama/ Inquest Report and final investigation report
- Upload Signature of claimant
- Copy of driving license if Life Assured was driving the vehicle at the time of accident (applicable if Rider is opted)
- NEFT mandate form
- Claims form C and E wherever applicable
Eligibility and Documents Required for Shriram Life Group Life Protector SP
| Age criteria |
Entry Minimum: 18 years Entry Maximum: 69 years |
|---|---|
| Maximum maturity | 70 years |
| Policy term | 1 year to 30 years |
| Premium paying term | Single premium |
| Premium mode | Single premium |
| Minimum cover | ₹5,000 per member |
| Minimum group size | 50 members |
What Does Shriram Life Group Life Protector SP Cover?
Shriram Life Group Life Protector SP is a pure life risk cover group insurance plan. It provides death benefits to the nominees or the beneficiaries of the members covered under this plan in case of demise of the any of the members of the group. Further, it also comes with joint life cover options. This extends insurance protection whereby a person having insurable interest also gets insurance protection under the Shriram Life Group Life Protector Plan SP. Further, it also provides borrower cover whereby the benefit under Shriram Life Group Life Protector Plan SP extends up to the loan amount.
Download Documents for Shriram Life Group Life Protector SP
All the policy-related documents are easily available online on the website for the comfort and ease of all our customers. You can simply visit our website www.shriramlife.com. go to the download section on the policy page and download the group life protector plan brochure, document and presentation.
FAQs
How easy is the claim process for Shriram Life Group Life Protector Plan SP?
The claim process for the Shriram Life Group Life Protector Plan SP is really simple and disbursements are quick.
Can I take a loan against the Shriram Life Group Life Protector Plan SP?
You cannot take a loan against the Shriram Life Group Life Protector Plan SP.
Can the new members be added on dates other than the effective date under Shriram Life Group Life Protector Plan SP?
In case new members are added on dates other than the effective dates under Shriram Life Group Life Protector Plan SP, the group policy holder needs to submit the data along with the applicable premium. The cover for new members will commence from the date the assurances have been accepted by us.
When will the cover under Shriram Life Group Life Protector Plan SP terminate?
The cover under Shriram Life Group Life Protector Plan SP will terminate once the member ceases to be in the membership of the group.
Testimonials
What our customers say about us
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