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Childs Plan

Child Plan for your Better Future!

Protect Your Child's Future with Shriram Life Child Plans, Annualised Premium Starting Just at ₹8,000 only

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FAQs on Shriram Life Child Plans

What is the procedure to get the death claim for Shriram Life Child Plans?

The standard procedure to get the death claim for Shriram Life Child Plans is to inform Shriram Life Insurance Company in case of the demise of the policyholder along with the necessary documents.

What are the documents required to claim the Shriram Life Child Plans?

The documents required for raising a claim for Shriram Life Child Plans include the following:

i) Original policy document 

ii) Proof of demise/ Death certificate 

iii) Identity proof of Nominee(s) 

iv) Any other document depending on the cause of demise and nature of the claim.

Who should buy Shriram Life Child Plans?

Anyone who wants to secure the financial future of their child or children can buy Shriram Life Child Plans. It is one of the wisest ways to protect your children's interests through insurance. 

What is the rate of GST applicable to the Shriram Life Child Plans?

The applicable rate of GST is 18% for Shriram Life Child Plans. 

What happens when there is any fraud or misstatement on the part of the policyholder under Shriram Life Child Plans?

If there is any fraud or misstatement under Shriram Life Child Plans on the part of the policyholder, then the fine shall be paid as per section 45 of the rules of the Insurance Act,1938.

What is the tax benefit applicable to Shriram Life Child Plans?

The premium paid for Shriram Life Child Plans shall be deductible under section 80C of the Income Tax Act up to a maximum limit of ₹1.5 lakh.

How do I calculate the premium for Shriram Life Child Plans?

To calculate the premium for Shriram Life Child Plans, please visit the calculator page of Shriram Life Insurance Company. You can use the detailed calculator and select the type of plan and fill in the necessary details. 

How is the correct age important for buying Shriram Life Child Plans?

Age plays a very crucial role in the case of any insurance plan including Shriram Life Child Plans. The benefits will be revised if the age entered is found incorrect as per the rules. Various provisions of the Insurance Act of 1938 shall be applicable in such situations.

Are the maturity benefits taxable in the Shriram Life Child Plans?

Death benefits are always tax-free but maturity benefits in the Shriram Life Child Plans could be taxable based on the premium paid. 

What is a terminal bonus in Shriram Life Child Plans?

A terminal bonus is paid on demise or maturity. It may be declared depending on the underlying experience of the participating fund and asset shares of the policies.

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

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