Premium Components of Shriram Life Jana Sahay

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.

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.