Protection Plan for your Better Future!
Complete Financial Security Starting at ₹300 per month with Shriram Life Protection Plans
- Easy Claim Process
- Quick Disbursals
- Hassle-Free Purchase
Factors to Consider When Buying Shriram Life Protection Plans
Shriram Life Insurance provides a range of protection plans for individuals and groups. When comparing the different types of plans, here are some factors to consider:
Type of Policy
Shriram Life Insurance provides both life and health insurance plans. While life insurance plans cover the risk of premature demise, health plans provide coverage against specified diseases.
Policyholders must determine their coverage needs when selecting a protection plan. If coverage is required against the risk of premature demise, term insurance plans are a suitable option. On the other hand, for financial protection against illnesses, health insurance plans are the way to go.
Alternatively, policyholders can purchase both life and health insurance plans for complete coverage against emergencies.
Optimal Sum Assured
Shriram Life Protection Plans provide high sum assured based on the plan. This allows policyholders to choose an amount that provides adequate financial protection.
An adequate sum assured would give the family sufficient financial assistance, assess your expenses, financial goals, existing assets and liabilities before choosing a suitable sum assured.
In the case of health plans, policyholders have to choose a sum assured that is sufficient to cover the medical bills
Suitable Policy Tenure
Shriram Life Protection Plans provide tenure options starting as low as 3.5 months. Policyholders are requested to assess their coverage needs and choose a suitable tenure.
Affordable Premium Payment Tenure and Frequency
The premium paying tenure under Shriram Life Protection Plans starts from one year (under single premium plans) and goes up to 57 years (if you choose the regular premium payment option).
Shriram Life Protection Plans also provide different premium payment frequencies such as monthly, quarterly, half-yearly, and annual.
Customisation Through Riders
Three types of optional riders are available with individual Shriram Life Protection Plans. They are the Accident Benefit Rider, Family Income Benefit Rider, and the Shriram Life Critical Illness Plus Rider. The group insurance plan also provides the Shriram Life Accidental Death and Disability Rider. Select the relevant rider as per your coverage needs.