Shriram Group Life Protector Plan(SP) (UIN: 128N044V03)
SHRIRAM LIFE GROUP LIFE PROTECTOR (SP)
Shriram Group Life Protector Plan (UIN: 128N044V03) is a non-linked, non-participating group life insurance plan that provides protection in case of unfortunate death of the insured member of the group.
Cover can be structured according to the needs of the group – Monthly reducing cover, Annual reducing cover & level cover.
Single premium payment.
Insurance coverage on single, Joint life and multiple borrowers.
|ENTRY AGE||Minimum 18 Yrs Maximum 69 Yrs (As on last birthday)|
|MATURITY AGE||Maximum 70 Yrs (As on last birthday)|
|COVER TERM||Minimum 1Years Maximum 30Years|
|MINIMUM GROUP SIZE||50Members|
|MINIMUM COVER||Minimum Rs.5,000Per member Maximum Rs.100croresPer member * subject to the board approved underwriting policy.|