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Smart Protection Plan SP

Get Life protection with lower premiums and different coverage options Shriram Life Smart Protection Plan SP

Get Life protection with lower premiums and different coverage options Shriram Life Smart Protection Plan SP

  • Self
  • Spouse
  • Child
  • Grand Child
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Shriram Life Smart Protection Plan SP Eligibility and Documents Required

Eligibility Criteria

Limits

Age at Entry

Minimum: 18 years (age last birthday) 
Maximum: 65 years (age last birthday) 
                 :59 years (age last birthday) for POS policies

Maximum Maturity Age

75 years (age last birthday) 
65 years (age last birthday) For POS

Policy Term

Minimum:6 months - 5 years(multiple of 6 months frequency) 
Maximum: 6 years - 10 years (multiple of 1 year frequency)

Premium Paying Term

Single 

Minimum Premium 

Rs 200 (for policy term <6 years) 
Rs 6000 (for policy term 6 years and above )

Sum Assured Amount

Minimum: For PT <= 5 years, Rs.1,00,000 
                 For PT 6 and above  
                 Rs. 3,00,000 (for ages 40 years and below). 
                 Rs. 1,00,000 (for ages above 40 years). 
Maximum: Rs. 14,00,000 subject to Board approved underwriting policy. 
(Sum assured shall be in multiples of Rs. 1 lakh only and For POS policies the sum assured will be allowed in multiples of Rs. 50,000 only.) 

Disclaimer

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

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 FICTIOUS/FRADULENT 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.