Coverages Under Shriram Life Protection Plans

In case of an emergency that is covered under the plan, an assured benefit is offered upon making a claim.

The death benefit is paid if the life insured passes away during the policy tenure. 

An assured maturity benefit is paid if the life insured survives the policy tenure. This benefit is only available under the relevant Shriram Life Protection Plans.

Depending on the protection plan, there are inbuilt riders that cover other contingencies besides premature demise. The claim payout might also be higher since an additional benefit is paid if the covered incident occurs.

Depending on the plan, optional riders can be added to the base policy for enhanced protection. 

Shriram Life Protection Plans provide health insurance coverage against specified diseases such as cancer and Covid-19. The plan pays a lump sum benefit if the life insured suffers from any of the covered diseases. 

Depending on the policy, Shriram Life Protection Plans waive the premiums payable if there is a partial claim made under the policy. The coverage continues until the chosen tenure is completed and premium payments do not need to be made during this period.