images
20 years
whatsappChat with us
Contact Us
Searchbar
  • Search
spp-mob-banner

Coverage Against Uncertainties with Shriram Life Smart Protection Plan

Coverage Against Uncertainties with Shriram Life Smart Protection Plan

  • Self
Date Icon
  • 15 Lakhs & Above
  • 10-15 Lakhs
  • 7-10 Lakhs
  • 5-7 Lakhs
  • Below 5 Lakhs
  • Male
  • Female
  • Tamil
  • English
  • Malayalam
  • Telugu
  • Kannada
  • Hindi
  • Marathi
  • Gujarati
  • Bengali
  • Oriya
Sticky Tab
Prev
Next

Shriram Life Smart Protection Plan Eligibility and Required Documents

Entry Age

Minimum - 18 Yrs   
Maximum & Regular Pay - 65 Years  
Limited Pay - For PT 5 & 10 years: 60 Years  
                       For PT 15 years: 55 Years 
POS - 55 years 
(As on last birthday)

Maturity Age

Regular Pay: 75 Years  
Limited Pay: 70 Years  
PoS Policies: 65 Years  
(As on last birthday)

Sum Assured

Minimum - RP - ₹ 1,00,000 and LP - ₹ 30,000 
Maximum - ₹ 14 Lakhs for both RP and LP  
(Subject to Board approved underwriting policy. For POS policies the sum assured will be allowed in multiples of Rs. 50,000 only.)

Policy Term

Regular Pay - 1-5 Yrs (multiples of 1 yr)  
                        10 – 30 Yrs (multiples of 5 Yrs)  
Limited Pay - 2, 3, 4, 5, 10, 15 Yrs

Premium Payment Term

Regular Pay - Same as policy term  
Limited Pay -  For PT 2, 3, 4 years: 1 Years  
                        For PT 5 years: 1, 3 Years  
                        For PT 10 years: 3, 5 Years  
                        For PT 15 years: 5 Years

Modal Factor

Yearly - 1 
Half Yearly - 0.5076 
Quarterly - 0.2557 
Monthly - 0.0857

Disclaimers

  • Diamond option is not applicable for POS
  • provided all the premiums are paid and the policy is in force.

# Risk cover starts from the date of commencement of policy for all lives including minors. In case of a minor life, the policy will vest on the Life Assured on the attainment of age 18 years.

All ages mentioned above are age last birthday.

The minimum premium amounts are exclusive of taxes and levies as applicable.

For more details on risk factors, terms and conditions, please read the Product Prospectus carefully and/or consult Financial Consultant before taking a decision.

Please refer to the Product Prospectus for complete details of the product

IRDAI Regn No. 128

CIN: U66010TG2005PLC045616

For more details on risk factors, terms and conditions, please read the sales prospectus carefully before concluding a sale.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

•IRDAI is not involved in activities like selling insurance policies, announcing bonus, or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

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

ARN - SLIC/Elec/July 2024/84

Disclaimer

For more details on risk factors, terms, and conditions please read the sales prospectus 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 Shriram Value Services Limited (“SVS”) and used by Shriram Life Insurance Company Limited under a License agreement.”

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS

  • IRDAI or its officials do not engage in activities such as selling insurance policies or financial products, announcing bonuses, or investment of premiums. Members of the public who receive such calls are advised to lodge a police complaint.

Get a call back to plan your Life Insurance.

  • Tamil
  • English
  • Hindi
  • Telugu