A non-linked non-participating group Pure Risk Premium life insurance plan Give your customers’ family Peace and Happiness, not Debts and Worries
Your institution has been helping customers financially by providing services to meet their needs like dream home, children education, owning a car etc. However, you may have concerns like what if something happens to any customer who has borrowed from you. You can now move a step forward in building your bonds with your loyal customers and help your customers ensure that their assets are passed to their family without burden of debts. Shriram Life presents Shriram Life Group Life Protector Plan (SP) (UIN128N044V04), a non-linked non-participating group Pure Risk Premium life insurance plan that provides protection in case of unfortunate death of the insured member of the group.
Shriram Group Life Protector Plan is an affordable, easy-to-obtain financial security net for you and your loved ones. It pays a lump sum payment in case of unfortunate death helping your family to reduce their debts.
Cover can be structured according to the needs of the group:
Institutions, societies and associations exposed to the risk of default on loan repayment as a result of death. This includes: Non -Government Organisations (NGOs), Self-Help Groups (SHG),Micro Finance Institution (MFI),RBI regulated NBFC-MFIs, District Cooperative Banks licensed by Reserve bank of India, Regional Rural Banks, Urban Co-operative Banks, RBI regulated Scheduled Banks- PSU and Private Banks, Small Finance Banks, Housing Finance Companies regulated by NHB, State Co-operative Banks, Primary agricultural Co-operative Societies, Other Co-operative Societies registered under Co-operative Societies Acts, Any other Credit Societies offering loans to unorganised groups, Any other Lender borrower groups offering loans to unorganised groups
(As on last birthday)
(As on last birthday)
Rs.5,000 Per member
Rs.100crores Per member
* subject to the board approved underwriting policy.
No riders available.
For more details on the risk factors, terms and conditions please read the sales brochure and/or sample policy document on our website carefully and/or consult our advisor.
Tax benefits are subject to change as per tax laws. Please consult your tax consultant on tax benefits.