Protection Plan

Protection Plan for your Better Future!

Complete Financial Security Starting at ₹300 per month with Shriram Life Protection Plans

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Shriram Life Protection Plans Calculator

Shriram Life Insurance provides an online calculator to help you determine the premium payable. You may select the policy of your choice and assess the premium payable for all types of payment frequencies – annual, quarterly, half-yearly and monthly. However, to calculate the premium, the following details are needed -

Shriram Life Protection Plans Calculator

Type of Plan

Each plan has a different premium and the right premium will be calculated depending on the plan you have selected.

Date of Birth

The date of birth determines two things – whether an individual is eligible to buy the plan and the amount of premium payable. Age directly impacts the premium and the older the policy holder is, the more they shall be requested to pay in premiums. 

Policy Tenure

Policy tenure determines the coverage duration and is inversely related to the premium. The longer the tenure, the lower would be the annual premium amount and vice versa.

Coverage Options

Shriram Life Protection Plans provide different coverage variants and the premium payable is different for each. Hence, the premium shall be calculated depending on the plan and the coverage variant chosen.

Premium Payment Tenure

The premium payment tenure also affects the premium amount. Single premiums cost the highest, while regular premiums have the greatest affordability when it comes to annual premium payments.

Moreover, the premium payment frequency also affects the premium amount. Monthly premiums cost the highest, followed by quarterly and then half-yearly premiums.

Optional Riders

If any optional rider is selected, an additional premium is needed for the same. Thus, the choice of riders also determines the size of the premium payable.

Sum Assured

Lastly, the sum assured that is selected would also affect the premium amount. Hence, premium payments are higher for plans with higher sum assured levels and vice versa. 


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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