Kick-start Your Journey to
Financial Security with
Shriram Life Jana Sahay
Premium Components of Shriram Life Jana Sahay
The Shriram Life Jana Sahay policy is a pure-term insurance plan that provides financial protection to you and your group. The premium consists of the following components
The purpose of the policy is to provide financial protection in the case of the demise of a group member during the policy tenure. The premium paid for this coverage is referred to as the risk premium.
If you opt for a high sum assured, you may qualify for premium rebates that will reduce your overall premium payment.
In the event of the policy holder's demise, the designated nominee(s) or beneficiary (ies) will receive the sum assured, providing financial security for their loved ones.
Joining and Leaving the Group
Individuals are protected by the policy coverage starting from the date of entry. Current members may choose to leave the group and receive a refund of 85% of the premium paid for the remaining coverage period.
Shriram Life Insurance offers a convenient solution for lender-borrower schemes by enabling the payment of outstanding loan balances directly from the death benefit proceeds.