Micro insurance Plan

Microinsurance Plan for your Better Future!

Buy Shriram Life Micro Insurance Plans starting at just ₹750 only

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Features and Benefits of Shriram Life Micro Insurance Plans

Some of the key features of Shriram Life Micro Insurance Plans are:


Affordable Premium

Shriram Life Micro Insurance Plans are very affordable, with premiums starting as low as ₹750 onwards per member per year. The maximum premium is not too high either and goes up to ₹17,800 for the individual plan, which is the Shriram Life Grameena Suraksha Plan.


Choice of Coverage

There are different coverage options under Shriram Life Micro Insurance Plans. The individual plan provides term insurance protection during the policy tenure. 

With group insurance plans, insurance protection is allowed during the policy tenure. These plans also offer a reducing cover option wherein a loan can be linked to the policy for assured repayments. 


Choice of Policy Tenure

Shriram Life Micro Insurance Plans offers a minimum policy tenure of 6 months to maximum 15 years depending upon the plan you have selected. 


Premium Paying Mode

Shriram Life Micro Insurance Plans provide flexibility in premium payments based on the plan type and offerings. Premiums can be paid annually, half-yearly, quarterly or monthly so that it is affordable. 


Grace Period

For the group plans, a grace period of 30 days is allowed for payment of premiums in the case of half-yearly and quarterly modes, and 15 days for payment of premiums in the case of monthly mode. However, under Shriram Life Sujana this feature is not applicable for single premium policy.

Under the individual plan, a grace period of 15 days for monthly mode and 30 days for all other modes is allowed from the due date for premium payments.


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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