What is Shriram Life Insurance?
Life is full of uncertainty and no one knows what the future holds. However, we can protect ourselves and our loved ones by investing in life insurance. Shriram Life Insurance is a reliable partner to secure your financial future. In this article, we will explore the features and benefits of Shriram Life Insurance and why you should consider it as an option to protect your life journey.
Shriram Life Insurance It is a life insurance company in India that offers a range of life insurance products to its customers. The company was founded in 2005 and is a part of Shriram Group, a major Indian conglomerate with interests in various sectors such as infrastructure, finance and energy.
Shriram Life Insurance offers a variety of life insurance products, including term plans, endowment plans and ULIPs. These products are designed to provide financial security and protection to the policyholders and their families in unfortunate events like death, or disability, critical illness.
The company is known for its customer-centric approach and has won several awards for its customer service and innovative insurance products. With a strong presence across India, Shriram Life Insurance aims to provide affordable and accessible insurance solutions to customers across the country.
Importance of life insurance
- Life insurance provides financial protection to your loved ones in case of your untimely death.
- It helps cover your loan, mortgage and other expenses.
- It provides a source of income for your family.
- It helps with your children’s education and other future expenses.
- It can help cover your funeral expenses.
Why choose Shriram Life Insurance?
- Shriram Life Insurance is a trusted brand in the insurance industry with a strong track record of providing quality customer service.
- It has a wide network of branches and agents, which makes it easy for you to access their services.
- It offers a range of products that cater to various needs and requirements.
- It has a high claim settlement ratio which means that it is committed to fulfilling its promises to its policyholders.
Shriram Life Insurance Products
- Shriram Life Term Insurance: This is a pure protection plan that provides financial security to your family in case of your untimely death. It is an affordable option that offers a high coverage amount.
- Shriram Life Child Plan: This is a savings plan that helps you save for your child’s education and future expenses. It offers flexible premium payment options and guaranteed payout at the end of the policy term.
- Shriram Life Wealth Plus: It is a unit-linked insurance plan that provides market-linked returns and life insurance cover. It offers flexible premium payment options and an opportunity to choose from a variety of investment options.
- Shriram Life Retirement Plan: It is a retirement savings plan that helps you save for your retirement and provides a regular income stream after retirement. It offers tax benefits and flexible premium payment options.
Benefits of Shriram Jeevan Insurance
Shriram Life Insurance offers several benefits to its policyholders, which may vary depending on the type of policy. Here are some common benefits of Shriram Life Insurance Policy:
- Financial Protection: Life insurance provides financial protection to your loved ones in case of an unfortunate event like death, disability or critical illness.
- Tax Benefits: Shriram Life Insurance policies offer tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961.
- Flexible Premium Payment: Shriram Life Insurance policies allow flexible premium payment options with monthly, quarterly, half yearly and annual premium payment methods.
- Savings and Investments: Some Shriram Life Insurance policies offer savings and investment options that can help you achieve your financial goals.
- Additional Riders: You can increase your coverage by adding riders like accidental death and disability benefits, critical illness and waiver of premium.
- Guaranteed Payout: Some Shriram Life Insurance policies offer a guaranteed payout, ensuring financial security to your family.
- Loyalty Benefits: Shriram Life Insurance policies offer loyalty benefits like bonuses and rewards to policyholders who invest for a long period of time.
How to buy Shriram Life Insurance
Buying Shriram Life Insurance is easy and convenient. You can visit any of its branches or contact its agents to know more about its products and services. You can also buy its products online through its website or mobile app. Here’s how to buy Shriram Life Insurance:
- Visit Shriram Life Insurance website or mobile app.
- Choose a product that meets your needs and requirements.
- Fill the application form with your personal and financial details.
- Choose the premium payment option that is right for you.
- Submit the required documents, such as identity proof and address proof.
- Make payment through available payment options.
Shriram Jeevan Bima Customer Care Number
Frequently Asked Questions
Q: What is the minimum and maximum age to buy Shriram Life Insurance?
Answer: The minimum age to purchase Shriram Life Insurance is 18 years and the maximum age is 65 years.
Q: How can I check the status of my Shriram Life Insurance policy?
Answer: You can check the status of your Shriram Life Insurance policy by logging into your account on the website or mobile app.
Q: Can I cancel my Shriram Life Insurance policy?
Answer: Yes, you can cancel your Shriram Life Insurance policy by submitting a written request to its branch or customer care.