
Shriram Life Grameena Suraksha Plan (DISCONTINUED / WITHDRAWN PLAN)
Are you looking for plan that provide great benefits?
What is Shriram Grameena Suraksha Plan?
Shriram Life Grameena Suraksha Plan (UIN: 128N057V02) is a non-linked, non-participating term insurance plan. It is one of the purest forms of insurance plans as it comes with insurance benefits only.
- Specially designed for the economically weaker sections of society
- Buy one of the most affordable term insurance plans available at Shriram Life Insurance
- Claim tax benefits along with insurance benefits
- Receive death benefits in case of unexpected demise
- Multiple premium payment options
Policy Type
Microinsurance Plans
Policy Term
Starting from ₹750
Minimum Premium
Option I: ₹750 Option II: ₹1,400
Maturity Age
28-65 years
Features and Benefits of Shriram Grameena Suraksha Plan
Suitable for Low Budgets
The policy is specially designed to meet the needs of those with a lower budget for insurance.
Pure Insurance
It is a term insurance plan and does not involve a savings element.
Two Variants
It comes with two variants, i.e., one without the return of premium and the other with the return of premium.
High Cover for Low Premium
Being a term insurance plan, the Shriram Life Grameena Suraksha Plan provides a high amount of cover for low premium.
Tax Benefits
This policy also provides tax benefits as per the provisions of income tax law.
Death and Maturity Benefits
You receive both death benefits as well as maturity benefits.
How to Claim for Shriram Grameena Suraksha Plan?
You can submit Death Claims, Disability Claims, Cancer Care Claims and Critical Illness Claims for your Shriram Life Grameena Suraksha Plan online on our website by following simple steps provided below.

Step 01
Come to the claim center, select intimate claim Button
Step 02
Choose in the dropdown Request Type - death
Step 03
Fill the details of insurer, death event, details of doctor who declared death (Doctor -Non mandatory)
Step 04
Fill the personal and bank details of claimants and upload the documents
Document to be uploaded
- Death certificate issued by Local Body/Municipal Body
- Nominee bank passbook
- Postmortem report
- Claim form B
- Claim form A
- Policy Document
- Hospital Summary/Hospital records
- Nominee ID proof (ID proof /address Proof)
- FIR/ Panchnama/ Inquest Report and final investigation report
- Upload Signature of claimant
- Copy of driving license if Life Assured was driving the vehicle at the time of accident (applicable if Rider is opted)
- NEFT mandate form
- Claims form C and E wherever applicable
Eligibility and Documents Required for Shriram Grameena Suraksha Plan
You can apply online for Shriram Grameena Suraksha Plan. Follow the steps given below to submit your application
Age Criteria | 18-50 years last birthday |
---|---|
Maximum Maturity | 28-65 years |
Policy Term | 10 / 15 years (Fixed) |
Premium Paying Term | Same as Policy Term |
Annual Premium | Minimum |
Basic Sum Assured | Minimum |
What does the Shriram Life Grameena Suraksha Plan cover??
The Shriram Life Grameena Suraksha Plan is a term life insurance plan that comes with two variants – one with the return of premium and one without the return of premium. Under the return of premium option, the plan pays back the premium as maturity benefits. It also provides death benefits in case of the demise of the insured person.
Downloads
All policy-related documents are easily available online on the Shriram Life website for the comfort and ease of all our customers. You can simply visit our website www.shriramlife.com, go to the download section on the policy page and download the policy document, brochure and presentation.
FAQ's
What is the purpose of the Shriram Life Grameena Suraksha Plan?
The Shriram Life Grameena Suraksha Plan scheme is designed to meet the insurance needs of those who cannot afford to pay large premium amounts. It allows you to avail of insurance protection by paying affordable and nominal premium amounts.
Can I make alterations to the Suraksha Insurance Policy once I buy it?
You can make alterations to the Suraksha Insurance Policy after buying it if you're looking to make the following changes:
- Reduction of the sum assured
- Change of the premium payment frequency
The above changes will be subject to the terms and conditions of the policy. An alteration fee of ₹100 will be charged for any alterations made during the term of the policy.
How are premiums calculated in case of payment modes other than the yearly option?
If you are paying a premium under the Suraksha Insurance Policy in any mode other than yearly, then the premium amount can be calculated using the following table
Payment Frequency | Half-Yearly | Quarterly | Monthly |
Frequency Factor | 0.52 | 0.265 | 0.09 |
How do I make monthly Suraksha Insurance premium payments?
Monthly Suraksha Insurance premium payments can be made on the eNACH portal only.
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