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Shriram Group Life Protector Plan(SP) (UIN: 128N044V03)

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.

KEY FEATURES

Cover can be structured according to the needs of the group – Monthly reducing cover, Annual reducing cover & level cover.

Single premium payment.

Moratorium Option.

Insurance coverage on single, Joint life and multiple borrowers.

ELIGIBILITY

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.

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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 FICTIOUS/FRADULENT OFFERS

  • IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.