images
Early Cash Plan
Sticky Tab

FAQ's related to Shriram Life Early Cash Plan

What is the free-look period?

After you buy your policy, you get 15 days to go through the terms and conditions of this policy. If you disagree with any of the terms and conditions, then you can return the policy by stating your reasons. This period of 15 days is known as the free-look period.

What will happen if I return the policy within the free-look period?

If you return your policy within the free-look period, then the cancellation of your policy will be processed and your premium will be refunded within 15 days from the date of receipt of the cancellation request.

What if I fail to pay the premium within the due date?

Even if you fail to pay the premium within the due date due to any reason, we allow you a grace period of 30 days in case you are paying a premium in yearly, half-yearly or quarterly mode and 15 days if you are paying in monthly mode.

What are the Shriram Life Early Cash Plan reviews?

Shriram Life Early Cash Plan has been reviewed as one of the best savings plans online by the policyholders. The plan enables them to not only stay financially protected but also enjoy passive income in terms of cash bonuses.

How is the savings option beneficial for me?

The savings component of a savings life insurance plan allows you to regularly save for your future dreams and financial commitments. This can include a child’s education, a wedding, buying a house, and more.

Is the rider premium higher than the insurance premium?

The rider premium for Shriram Life Early Cash Plan cannot exceed the basic plan premium.

When does the rider cover end?

The rider cover will terminate at the end of the policy term of the base plan.

What difference will it make if I select an annual premium payment rather than half-yearly, quarterly or monthly?

If you opt to pay a premium other than in yearly mode, then you can calculate your periodic premium by multiplying your annual premium with the following modal factor:

Mode Half-Yearly Quarterly Monthly
Factor 0.5089 0.2567 0.0861

How do I pay a monthly premium?

Monthly premium payments can be made using the NACH online portal.

Should I choose the Early Cash option or the Super Growth option for the Shriram Life Early Cash Plan?

This depends on your preferences. If you want a regular passive income, then you should go for the Early Cash option. However, if you want to grow your wealth and earn a higher assured income, then you should go for the Super Growth option. Both are beneficial for you.

How is the Shriram Life Early Cash Plan online calculator beneficial for me?

The Shriram Life Early Cash Plan online calculator enables you to calculate the premiums and returns on your Shriram Life Early Cash Plan. You can calculate and compare different sums assured to select the amount that best suits your needs.

Is the Shriram Life Early Cash Plan calculator accurate?

You can completely trust the Shriram Life Early Cash Plan calculator as it provides 100% accurate results. Many policyholders use this calculator to make their insurance decisions. 

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
ARN: SLIC/Elec/Sep 2024/250

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.