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Family Protection Plan

Keep your loved ones safe with Shriram Life Family Protection Plan

Keep your loved ones safe with Shriram Life Family Protection Plan

  • Self
  • Spouse
  • Child
  • Grand Child
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Premium Components for Shriram Life Family Protection Plan?

Shriram Life Family Protection Plan is a non-linked, non-participating insurance plan designed to protect families in case of untimely demise. The policy offers multiple premium components as explained below:

Corpus Payable Option

Corpus Payable Option

The death benefit can be paid as a lump sum or a combination of 50% lump sum and the remaining 50% in either five equal annual instalments or 60 equal monthly instalments. The policyholder can choose the preferred option.

Maturity Benefit Option

Maturity Benefit Option

No maturity benefits are payable if the life assured survives the policy tenure. This plan focuses on providing financial security to the family in case of the policyholder's demise.

Affordable Premium Rates

Affordable Premium Rates

The Shriram Life Family Protection Plan offers life insurance coverage at competitive premium rates, making it an attractive choice for individuals seeking protection for their families.

Flexible Payout Options

Flexible Payout Options

The policy provides three benefits payout options, allowing policyholders to choose the most suitable option for their needs.

Premium Rebates

Premium Rebates

For high sum assured policies, rebates are offered on tabular premium rates, making the policy even more attractive for those seeking enhanced coverage.

Tax Benefits

Tax Benefits

Tax benefits may be available under this plan as per the existing provisions of the Income Tax Act. Tax benefits are subject to change according to tax laws, so it is advisable to consult a tax advisor for details.

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

The Trade Logo displayed above belongs to Shriram Value Services Limited (“SVS”) and used by Shriram Life Insurance Company Limited under a License agreement.”

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