Shriram Life Group Term Life Insurance Plan Eligibility and Documents Required

Eligibility Conditions

Limits

Minimum Age at Entry

14 years

Maximum Age at Entry

79 years (Last Birthday)

Cover Ceasing Age

80 years

Minimum Sum Assured

₹10,000 per member

Maximum Sum Assured

Depends on Company’s Board approved underwriting policy

Tenure

One year (Renewable Annually)

Nature of Scheme

Statutory

Premium Pay Mode

Yearly, Half-yearly, Quarterly or Monthly

Minimum Group Size

20 for employer employee groups and 50 for other groups