• AMPHAN CYCLONE CLAIMS HELPLINE (Toll Free No). “1800 3000 6116” (9 a.m to 8 p.m), Email: claimsupport@shriramlife.in.Please call us or email us to help you in faster processing of your claims. For more information,

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https://app.shriramlife.com/shriramgetaquote/summary

SHRIRAM GROUP TERM LIFE INSURANCE PLAN(DISCONTINUED / WITHDRAWN PLAN)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

  • Insurance coverage under EDLI from EPFO is linked to an employee’s Average Provident Fund balance & total service prior to death.
  • Maximum insurance benefit is capped at Rs.1,30,000 only.
  • Employer has to contribute @ 0.51% of the salary towards EDLI coverage.

KEY BENEFITS

 

Member Benefits

Benefits to the Members of The Group

 
  • Sum assured will be paid to the nominee in the event of untimely death of the member.
  • Premium paid by the employer is not treated as a prequisite to the employee./span>
  • Claim payments are tax free.
 

Employer Benefits

Benefits to the Employer

  • Premium paid by the employer can be treatedas a business expense.
  • Easy to set up and administer.
  • Able to offer Higher insurance cover than that offered by EDLI irrespective of Employees’ salary and service.

Eligibility

ENTRY AGE

Minimum

14 Years ^

Maximum

75 Years

(Age last birthday)

Cover Ceasing Age

Maximum

76 Years

(Age last birthday)

Term

1Years

Minimum Group Size

20 Members

Nature of Scheme

Statutory

SUM ASSURED

Minimum

Rs. ^1.32 Lakhs

Maximum

Rs. ^5 Lakhs

CALCULATOR

Click this link to calculate you premium.

RIDERS (Add Ons)

No riders available.

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Disclaimers:

  • For more details on the risk factors, terms and conditions please read the sales brochure and/or sample policy document on our website carefully and/or consult our advisor.
  • Tax benefits are subject to change as per tax laws. Please consult your tax consultant on tax benefits.