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Grameena Suraksha Plan
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Shriram Life Grameena Suraksha Plan (DISCONTINUED / WITHDRAWN PLAN)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

Features and Benefits of Shriram Grameena Suraksha Plan

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Suitable for Low Budgets

The policy is specially designed to meet the needs of those with a lower budget for insurance.

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Pure Insurance

It is a term insurance plan and does not involve a savings element.

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Two Variants

It comes with two variants, i.e., one without the return of premium and the other with the return of premium.

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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.

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Tax Benefits

This policy also provides tax benefits as per the provisions of income tax law.

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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.

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  • 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
After submission, you will be receiving instant notifications and updates regarding the processing status of the claim. Please note that clear document records will ensure quick claim processes. For death claims, we would request you to please reach out to us as soon as possible and initiate the claim process. For processing death claims faster, we request you to please reach out to your nearest Shriram Life Insurance branch.
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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
Option I:₹750
Option II:₹1,400
Maximum
Option I: ₹6,720
Option II:₹17,800

Basic Sum Assured

Minimum
Option I:₹25,000
Option II:₹17,000
Maximum
₹2,00,000

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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.

Testimonials

What our customers say about us

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I was recently involved in a payout request. They helped me with the smooth process to get the amount.

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Abha

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I have been associated with Shriram for a period of time. They have prompt and friendly service.

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Rasiya

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Shriram life insurance products are worth every penny. I am happy with their service.

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Nagamani

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I am associated with Shriram life insurance for more than a decade. They have a wide-range of policy that will suit everyone's needs.

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Manjunath

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I was recently involved in a payout request. They helped me with the smooth process to get the amount.

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Abha

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I have been associated with Shriram for a period of time. They have prompt and friendly service.

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Rasiya

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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.”

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.