Get Affordable, Extensive
Coverage with the
Shriram Life Group Life
Protector Plan SP
Sticky Tab
Shriram Life Group Life Protector SP Eligibility and Documents Required
To buy Shriram Life Group Life Protector SP, you will need to fulfil the following life protector plan eligibility criteria:
| Eligible groups | Institutions, societies and associations exposed to the risk of default on loan repayment as a result of death. This includes: Non -Government Organisations (NGOs), Self-Help Groups (SHG),Micro Finance Institution (MFI),RBI regulated NBFC-MFIs, District Cooperative Banks licensed by Reserve bank of India, Regional Rural Banks, Urban Co-operative Banks, RBI regulated Scheduled Banks- PSU and Private Banks, Small Finance Banks, Housing Finance Companies regulated by NHB, State Co-operative Banks, Primary agricultural Cooperative Societies, Other Co-operative Societies registered under Co-operative Societies Acts, Any other Credit Societies offering loans to unorganised groups, Any other Lender borrower groups offering loans to unorganised groups. |
|---|---|
| Age criteria |
Entry Minimum: 18 years Entry Maximum: 69 years |
| Maximum maturity | 70 years |
| Policy term | 1 year to 30 years |
| Premium paying term | Single premium |
| Premium mode | Single premium |
| Minimum cover | ₹5,000 per member |
| Minimum group size | 50 members |
| Maximum Cover | ₹100 crores per member subject to the Board approved underwriting policy |