What Coverages Are Offered in the Shriram Life Group Life Protector SP

Shriram Life Group Life Protector SP provides life cover whereby the death sum assured is paid to the nominees or the beneficiaries of the insured member in case of his/her unexpected demise during the policy term.

Shriram Life Group Life Protector SP also allows joint life cover whereby the person having an insurable interest in the insured member also gets covered under this plan. This further extends the insurance coverage protection and benefits.

In the case of the lender-borrower schemes, the borrowers can get covered under the Shriram Life Group Life Protector SP whereby the borrower can authorize us to make the payment of the outstanding loan balance amount to the lender by deducting such amount from the claim proceeds.