Shriram Life Sujana

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Coverage Option with
Shriram Life Sujana

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FAQs for Shriram Life Sujana

 What is the free-look period?

 After you buy your policy, you get 15 days to go through the terms and conditions of this policy. If you disagree with any of the terms and conditions, then you can return the policy by stating your reasons. This period of 15 days is known as the free-look period.

What will happen if I return the policy within the free-look period under Shriram Life Sujana?

If you return your policy within the free-look period under Shriram Life Sujana, then the cancellation of your policy will be processed and your premium will be refunded within 15 days from the date of receipt of the cancellation request.

 What if I fail to pay the premium within the due date under Shriram Life Sujana?

Even if you fail to pay the premium within the due date due to any reason under Shriram Life Sujana, we allow you a grace period: this is 30 days in case you are paying a premium other than in monthly mode and 15 days if you are paying a monthly premium.

What are the reviews for Shriram Life Sujana?

Shriram Life Sujana has been reviewed as one of the best group insurance plans by the policy holders. The plan enables them to not only stay financially protected but be relieved from the stress of who will repay the debt in case the insured person dies.

What difference will it make if I select a premium payment mode other than yearly under Shriram Life Sujana?

 If you opt to pay a premium other than in yearly mode under Shriram Life Sujana, then you can calculate your periodic premium by multiplying your annual premium with the following modal factor:










How do I pay a monthly premium under Shriram Life Sujana?

Monthly premium payments under Shriram Life Sujana can be made using the NACH online portal.

How easy is the claim process for the Shriram Life Sujana Plan?

The claim process for the Shriram Life Sujana plan is really simple and disbursements are quick. This makes it one of the best-deferred annuity plans in India for policy holders.

What if there is a delay in the settlement in case of a free look period?

 If there is a delay in settlement during the free look period, then the company will pay penal interest at 2% above the current bank rate.

For what duration will the penal interest be paid by the company in case of free look cancellation?

 In case of the free look cancellation of the policy, the penal interest will be paid by the company from the date of request or date of receipt of the last necessary document, whichever is later. You can find more Shriram Life Sujana details in the policy brochure.


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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