Shriram Life Sujana

Enjoy a Joint Life
Coverage Option with
Shriram Life Sujana

Sticky Tab

What are the Coverages Offered Under the Shriram Life Sujana?

The Shriram Life Sujana covers the following situations:

Single Life Cover

It financially protects the loved ones of the insured person in case of their demise. This cover is provided only on a single-life basis.

Joint Life Cover

Here, the insurance protection is provided on a joint life basis. Each of the joint lives is covered equal to the loan amount. In case of the demise of any of the joint-insured members, the sum assured under the plan will be paid and the cover will cease to exist for the other joint-insured members as well. However, it is important that the second life insured under this plan is a person having an insurable interest.

Multiple Borrowers

This insurance protection cover is provided on a proportionate basis to the extent of the share of the loan undertaken by the respective borrowers. In the case of the demise of any of the borrowers, the sum assured equal to that borrower’s share will be paid. The cover will continue for the remaining borrowers for the remaining cover term.


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

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