Group Life Protector SP

Get Affordable, Extensive
Coverage with the
Shriram Life Group Life
Protector Plan SP

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

Life Cover

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.

Joint Cover

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.

Borrower’s Cover

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.


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

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