Shriram Life Protection Plans Calculator

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

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 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.

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.

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.

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.

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.