Earn assured income with Shriram Life Flexi Shield Plan

Shriram Life Flexi Shield Plan

A Non-Linked Non-Participating Term Insurance Plan (UIN – 128N098V01)
A Promise of Security for You and Your Loved Ones

Life is unpredictable, but your family’s financial security doesn’t have to be. Shriram Life Flexi Shield is a comprehensive term plan that is designed to adapt to your unique needs at every stage of life. With a range of flexible coverage options, customizable features, and multiple rider benefits, it empowers you to build a plan that fits your lifestyle and financial goals. Whether you are securing your family’s future, planning for unforeseen events, or seeking long-term financial security, it gives you the freedom to choose how you protect what matters most and ensures that your loved ones remain protected no matter what the future holds.

Features and Benefits of Shriram Life Flexi Shield Plan

Comprehensive Protection - Coverage against Death, Accidental Death and Terminal Illness

Flexibility to choose from 4 plan variants based on your needs

Option to get cover for Whole of life.

Acceleration of 50% of base sum assured on diagnosis of terminal illness

Inbuilt waiver of premium on terminal Illness

Option to receive death benefit as lumpsum and/or instalments

Option to defer premium payment by up to 12 months with Auto Shield Option

Special exit option to receive 100% of your premiums paid under specific conditions.

Option to get your Total Premiums Paid back as Maturity benefit

Lower premium for Female lives

Instant claim pay out on claim intimation.

Enhance your protection through our comprehensive riders

Option to increase cover at chosen rates

Option to decrease cover at chosen rates, from chosen age

Option to increase cover at various Life stages with Life Goal option

Flexible policy term and premium payment options

Tax benefits as per prevailing tax laws

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Eligibility and Documents Required for Shriram Life Flexi Shield Plan

Parameters	Minimum	Maximum
Plan Options	1. Shield 2. Cash Back Shield 3. Life Stage Shield 4. Smart Shield
Age at entry*	18 years	Life Stage Shield : 45 years Other options:65 years
Age at maturity*	SP & RP - 23 years LP - 28 years	85 years & Whole Life: 100 years
Premium Payment Type	Single Pay, Regular Pay and Limited Pay
Basic Sum Assured	Rs. 10,00,000	No Limit subject to Board approved underwriting policy (BAUP)
Premium Payment Mode	Single Pay/ Yearly/ Half- Yearly/ Quarterly/ Monthly

Policy Term (in Years)	Plan Options	Single Pay		Regular Pay		Limited Pay
		Minimum	Maximum	Minimum	Maximum	Minimum	Maximum
	All Options	5	67 Whole Life: 82	5	67 Whole Life: 82	10	67 Whole Life: 82
Premium Payment Term (in Years)	Plan Options	Single Pay		Regular Pay		Limited Pay
		Minimum	Maximum	Minimum	Maximum	Minimum	Maximum
	All Options	1	67 Whole Life: 82	5	67 Whole Life: 82	5	20 (multiples of 5)

*Any reference to age is as on last birthday | The plan option can be selected only at inception of the policy | For PoS, the Basic Sum Assured shall be in multiples of INR 50,000

Additional protection through Riders

You can opt any of the following Riders by paying additional premium. The riders can be opted at the inception of the policy or subsequently on any policy anniversary.

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Accident Benefit Rider (UIN 128B001V03)

In case of death or total and permanent disability due to an accident during the rider term, we will pay 100% of the rider sum assured. Also, if the life assured becomes totally and permanently disabled in an accident, we will waive off all the future premiums under the policy.

Family Income Benefit Rider (UIN 128B002V03)

In the event of accidental death or if the life assured becomes totally and permanently disabled due to an accident within the rider term, 1% of the rider sum assured is payable every month immediately from the end of the month of accident for a guaranteed period of 10 years or till the end of the rider term whichever is higher.

Shriram Extra Insurance Cover Rider – (UIN 128B009V03)

In case of death of the life assured during the rider cover term, the sum assured under the rider will be paid to the nominee(s) or beneficiary (ies).

Shriram Critical Illness Plus Rider (UIN 128B016V02)

If you are diagnosed to be suffering from any of the 24 specified Critical Illnesses, we will pay 100% of the rider Sum Assured on survival to 30 days following the date of the first instance of confirmed diagnosis.

Shriram Life Critical Illness Woman Rider (UIN 128B032V01)

The critical illness woman rider ensures financial security tailored to women’s health needs.
The Base cover provides protection against 29 critical illnesses covering major and minor female specific critical illnesses.
The add on benefit i.e Maternity Wellness Coverage offers protection against pregnancy complications and birth of child & congenital disorders. The premium for this optional benefit has to be paid additionally over and above base cover rider premium. Policy term for PC & BCCD option can be less than or equal to the policy term chosen for the base option. It provides cover for one
childbirth.

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Shriram Life Flexi Shield Plan