Shriram Life Group Term Life Insurance Plan

Shriram Life Group Term Life Insurance Plan

SHRIRAM LIFE GROUP TERM LIFE INSURANCE PLAN
Shriram Group Term Life Insurance is a one-year renewable group term assurance plan that offers the options of lump sum death benefit in the event of death of a member.

KEY FEATURES

1. Easy to set up and administer the scheme at low cost.

2. Minimal underwriting based on simple insurability conditions.

3. Insurance cover for all members of the scheme with one policy document issued to the master policy holder.

4. Additional protection through Accidental Death and Disability Rider on payment of additional premium.

KEY BENEFITS

Maturity Benefits

Not Applicable

Death Benefits

1. If the member dies, the sum assured will be paid to the nominee / legal heir as applicable
2. Sense of security to their families and increase in productivity at work
3. Tax benefits on benefit proceeds may be available as per prevailing Income Tax laws