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Better Coverage, Flexible Payouts and Easy Purchase with Shriram Life Online Term Plan

Better Coverage, Flexible Payouts and Easy Purchase with Shriram Life Online Term Plan

  • Self
  • Spouse
  • Child
  • Grand Child
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What Coverages Are Offered in Shriram Life Online Term Plan?

Coverage under the Shriram Life Online Term Plan is available for the following contingencies -

Premature Demise

The Shriram Life Online Term Plan is a pure term insurance policy that covers the risk of a premature demise. If the life insured passes away during the policy tenure, the sum assured is paid.

Terminal Illness

The coverage for terminal illness is inbuilt under the plan. If the life insured is diagnosed with a terminal illness during the policy tenure, the sum assured is paid.

Total and Permanent Disability

If the life insured suffers a total and permanent disability in an accident, the plan would waive the future premiums. The coverage would, however, continue for the chosen tenure or till premature demise.

Optional Cover

The Shriram Life Online Term Plan provides two optional coverage benefits that you can add to the base plan for enhancing coverage. These optional covers are as follows -

  • Accident Death Benefit

This benefit covers accidental death and pays the accident benefit sum assured in a lump sum in addition to the benefit received under the base plan.

  • Critical Illness 

Under this benefit, 23 specified illnesses are covered. If the life insured is diagnosed with any of the covered illnesses within the policy tenure, a lump sum benefit would be paid.

Disclaimer

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

The Trade Logo displayed above belongs to Novac Technology Solutions (“Novac”) and used by Shriram Life Insurance Company Limited under a License agreement.”

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