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20 years
Shriram Group Term Life Insurance Plan

Shriram Group Term Life Insurance Plan

Shriram Group Term Life Insurance Plan (Discontinued / Withdrawn Plan)

Shriram Group Term Life Insurance (UIN-128N042V01)is a One Year Renewable Group Term Assurance plan that offers the options of lump sum death benefits or monthly income benefits in the event of death of a member. Shriram Group Term Life Insurance is an affordable, easy-to-obtain financial security net for you and your loved ones. It pays a lump sum payment in case of unfortunate death helping your family to reduce their debts.

Key Features

protection-plan

Life Coverage

income-tax

Life Coverage

child-plan

Life Coverage

Benefits to the Members of The Group

protection-plan

Cash bonuses accumulated until the date of maturity of the policy

protection-plan

80% of the total premiums paid until the date of demise, or

Shriram Life Savings Plan Eligibility

Age Criteria Entry Minimum: 30 days Maximum: 55 years (age last birthday)
Cover Ceasing Age Maximum 76 years (age last birthday)
Policy Term 1 year
Minimum Group Size 20 Members
Nature of Scheme Statutory
Sum Assured Minimum: Rs 15,000 Maximum: 5 Lakhs

Riders

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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 FICTITIOUS / FRAUDULENT OFFERS

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

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