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FAQ's related to Shriram Life Smart Protection Plan
Can I get a loan against the Smart Protection Plan?
You cannot take out a loan against the Smart Protection Plan.
How will I be taxed for the death benefit?
The death benefit is always tax-free under the protection plan.
How do I restore a lapsed policy?
You will get a period of five years to revive a lapsed policy. You can pay the outstanding premium with interest (if applicable) and revive the policy to restore the coverage.
What does the Shriram Protection Plan offer?
The Shriram Protection Plan offers coverage against premature demise, accidental demise and critical illnesses. Moreover, you can buy this coverage at affordable premiums.
Can I add riders to the smart plan policy?
Optional riders are not available with the smart plan. However, the Gold and Diamond options do allow inbuilt riders that you can choose to claim extended coverage.
Can I buy more than one policy?
You can buy more than one policy to add to your coverage.
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
