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Employee Benefits Plan For Your Better Future!

Shriram Life Employee Benefit Plans - The Perfect Solution for Your Employees' Financial Needs 

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Premium Components of Shriram Life Employee Benefit Plans

The Premium Components under Shriram Life Employee Benefit Plans consists of different components as discussed below:

Coverage Premium

Coverage Premium

This is the premium payable for the risk coverage available under Shriram Life Employee Benefit Plans which starts from ₹1,000. These plans provide a benefit on the employee's premature demise, and the risk premium is a major component of all plan premiums.

Savings

Savings

Certain plans provide pension and gratuity payments. These payments are savings elements for which a premium is paid. Thus, another component is the premium paid for creating savings.

Earnings

Earnings

Assured and regular interest earning on the contribution is available under certain Shriram Life Employee Benefit Plans. A part of the premium is directed towards these earnings.

Rider

Rider

Optional riders are available under some Shriram Life Employee Benefit Plans. Each rider requires an additional premium for the extra coverage.

Loading

Loading

An extra premium might be needed depending on the group's risk profile. Similarly, an additional premium is charged for selecting the instalment premium payment mode. These additional premiums fall under the loading category. 

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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