ShriRam Life Insurance
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Shriram Life Insurance

Shriram Life Insurance commenced operations in 2006. Synonymous with its efficient use of capital and low operational costs, SLIC has been true to the Group's philosophy of financial inclusion. A JV between Sanlam and Shriram Group, SLIC's aim is to offer life insurance plans and solutions that cater to a wider demographic. ShriRam Life Insurance Company has a strong network of 4050 branches across India. Shriram Life Insurance company offers a diverse basket of financial products and solutions targeted mainly at the underbanked and unbanked segments of India’s population. The insurers are among the largest financial services conglomerates managing assets worth Rs 2.08 lakh crore (As of December 2021).

Why Do You Need Shriram Life Insurance Policy?

Shriram Life Insurance Company Limited is among the most respected and largest financial services providers in the country. The company aims at delivering top-notch products and services to ensure that the financial stability of a family won't be upset in case of the untimely and unfortunate demise of its customers. The number of insurance plans designed by the company will help you find one that best suits your requirements in little to no time. The company also has a lot of experience with regard to chit funds, commercial vehicle financing, and other kinds of financial services. The large number of insurance agents that work with Shriram Life Insurance Company Limited is certain to add to the ease with which you can find the best possible life insurance policy.

The life insurance company has seen a paradigm shift. Today, coverage isn't just a form of safety against the premature and unfortunate incidents of life, but also a form of funding in the equity market. The entire idea has modified with an increasing number of non-public corporations leaping headlong into this area. Gone are the times wherein people went in for government companies and played it safe.

Life Insurance Policies allow you to secure your life and achieve financial goals quickly. It will assist at each important stage of life when you need it most.

Shriram Life Insurance Plans

  1. Online plans

    Buy life insurance plans online to keep your family financially secure from unforeseen circumstances. It will help you in saving your time and money as well.

    Shriram Life - Online Term Plan

    This online term plan is designed to understand and address your future needs. It enhanced protection using the 3 options for comprehensive cover.

    Shriram Life - Comprehensive Cancer Care Plan

    Shriram Life Comprehensive Cancer Care Plan is a non-linked insurance plan. As one of the best cancer insurance plans in India, it provides benefits on diagnosis and during its treatment in both initial and critical stages.

  2. Microinsurance plans

    Microinsurance is the protection of low-income people against specific perils in exchange for regular premium payment proportionate to the likelihood and cost of the risks involved.

    Shriram Grameena Suraksha Plan

    Shriram Grameena Suraksha Plan is a non linked, non participating term insurance plan. The plan is a microinsurance term plan and provides life cover at a low cost to the socially weaker sections of the society.

  3. Investment plans

    It allows you to enjoy the benefits of a long-term savings and helps you to save money.

    Shriram Life Fortune Builder

    Shriram Life Fortune Builder Plan is a single premium unit linked insurance plan designed for individuals who do not have a regular cash flow to sustain premium payments each year on the due date.

    Shriram Life Growth Plus

    Shriram Life Growth Plus is a savings oriented Unit Linked Insurance Plan which offers both life cover and savings through market linked returns. The policy can also be taken on other lives, where other lives can be aspouse, child,and grandchild.

    ShriRam Life Wealth Plus

    Shriram Life Wealth Plus is a unit-linked insurance plan that protects your loved ones and ensures they are protected financially even when you are not around. It also helps grow your investments and maximizes returns on them thereby offering both savings and protection under a single plan.

  4. Retirement benefits

    Pension plans also known as retirement plans are investment plans that let you allocate a part of your savings to accumulate over a period of time and provide you with steady income after retirement.

    Shriram Life Pension Plus

    Shriram Life Pension Plus helps you meet your retirement goals by building a large corpus on vesting for investment thereby enabling the policyholder to have a steady regular income for life by purchasing an immediate annuity policy.

    Shriram Life Immediate Annuity Plus (Online Plan)

    Shriram Life Immediate Annuity Plus is a non- linked and non-participating single premium immediate annuity assurance for individuals. The plan aims to provide a lifetime income stream post-retirement.

    Shriram Life Saral Pension

    Shriram Life Saral Pension is a non-linked non-participating individual single premium immediate annuity plan for individuals. In exchange for the purchase price paid by the policyholder, the plan provides a stream of regular income in the form of an annuity for the whole life and a return of the purchase price on the death of the annuitant.

  5. Protection plans

    A term return of premium policy is a term insurance plan that refunds the premium paid for the cover in case the insured party survives the policy period. These plans are increasingly becoming popular as the policyholder gets the money they have invested in the term insuranceplan at the end of the policy period.

    Shriram Life Smart Protection Plan

    It a pure term plan available at an affordable premium. It provides life cover along with anoptional accidental cover or critical illness cover.

    ShriRam Life Smart Protection Plan SP

    It is a single premium term plan available at an affordable premium. It provides a life cover along with an optional accidental cover or critical illness cover.

    ShriRam Life My Spouse Term Plan

    It is an online joint life term plan, with comprehensive coverage and affordable premiums. With this one product, you can provide coverage for yourself and also your spouse against various unfortunate events of life.

    Corona Raksha Policy

    An exclusive fixed benefit COVID plan. This plan provides a lump sum benefit in case you are diagnosed with COVID-19 and hospitalized due to it. The plan pays 100% of the sum insured, no questions asked, as long as the specified conditions are met.

    ShriRam Life Saral Jeevan Bima

    This life insurance plan is simple and straightforward and provides your family with financial stability in your absence.

    Shriram Life Cash Back Term

    Shriram Life Cash Back Term Plan is an affordable, easy-to-obtain financial security net for you and your loved ones. It has a lump sum payout in case of unfortunate death helping your family reduce their debts thereby protecting their financial security.

    Shriram Life Family Protection

    Shriram Life Family Protection Plan is a non-linked non-participating insurance plan. This plan caters to the needs of people who want to protect their families in case of untimely death.

  6. Saving plans

    Saving plans offer to help individuals in disciplined and periodic investment into different funds overtime so as to achieve their future financial goals.

    ShriRam Life Early Cash Plan

    This plan is a non-linked participating individual savings life insurance plan, combining insurance protection with a cash bonus guarantee and guaranteed income from 1st Policy anniversary.

    Shriram Life Assured Income Plan

    Shriram Life Assured Income Plan, a guaranteed income plan, is a solution to take care of all your potential cash flow requirements, thus ensuring the desired quality of life for you and your family.

    Shriram Life New Akshay Nidhi

    Shriram Life New Akshay Nidhi Plan is a plan that offers periodical survival benefits apart from the maturity and death benefits to ensure you continue to have a better life, always.

    Shriram Life Assured Income Plus

    Shriram Life Assured Income Plus caters to the needs of customers who wish to invest only for a minimum fixed duration and reap annual benefits even after maturity. This is an insurance cum investment plan.

    ShriRam Life Super Income Plan

    This plan is specifically designed keeping in mind an individual and their family’s long term financial needs along with a life insurance cover.

    Shriram Life New Shri Life

    Shriram Life New Shri Life Plan is a systematic savings option that also acts as a reliable protection tool to your family in the unfortunate event of a mishap.

    ShriRam Life Golden Premier Saver Plan

    Shriram Life presents Shriram Life Golden Premier Saver Plan, specially designed to combine protection with savings while giving you the options to customize. Protect your family – Life cover for the chosen policy term, Grow your Savings – Assured Benefit on maturity along with bonus, and Additional benefits – Get another assured sum assured through extended cover benefits.

    ShriRam Life Genius Assured Benefit Plan

    Shriram Life Genius Assured Benefit Plan ensures peace of mind by providing guaranteed financial assistance to your child and your family. This plan comes with maturity and death benefit.

    Shriram Life POS Assured Savings Plan

    Shriram Life POS Assured Savings Plan, which helps build your savings while ensuring your family is taken care of financially, even in your absence – and all of that is available without any medical.

    Shriram Life Assured Advantage Plus

    A non-linked non-participating endowment assurance plan. This plan caters to the customers who wish to invest only for a minimum fixed duration and reap annual benefits even after maturity.

    Shriram Life New Shri Vidhya

    Shriram Life New Shri Vidhya is designed for you to make your child's aspirations come true. The Plan offers survival benefits that adjust according to your child's education requirements and also insurance cover.

  7. Group Insurance

    A group health insurance plan is an insurance plan that provides healthcare coverage to a select group of people. Group health insurance plans are one of the major benefits offered by many employers. These plans are generally uniform in nature, offering the same benefits to all employees or members of the group.

  8. Microinsurance Plans (Group)

    Shriram Life Jana Sahay

    Shriram Life Jana Sahay is a non- linked and non-participating yearly renewable group term microinsurance product. The product aims to provide financial security to families of anunorganized group or affinity group members in case of death.

    ShriRam Life Sujana

    It is a non-linked and non-participating group credit life microinsurance product. The product aims to provide financial security to the families of members of groups having a lender-borrower relationships, in case of death.

  9. Special Plans(Group)

    Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana

    Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana is a non-linked and non-participating one-year renewable group term insurance plan offering life insurance cover to individuals with saving bank accounts with any bank.

  10. Protection Plans (Group)

    Shriram Life Group Life Protector (SP)

    Shriram Group Life Protector Plan 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.

    Shriram Life Group Term Life Insurance Plan

    Shriram Group Term Life Insurance provides additional life insurance benefit to all employees irrespective of their PF balances, salary level,and service.

  11. Employee Benefits Plans

    Shriram Life Group Traditional Employee Benefit Plan

    Shriram Life Group Traditional Employee Benefit Plan provides additional life insurance benefit to all employees irrespective of their PF balances, salary level,and service.

    Shriram Life New Group Gratuity

    Shriram Life New Group Gratuity, a unit linked non-participating group insurance plan that offers a comprehensive solution to funding the gratuity liability in a cost-effective manner, and also avail applicable tax benefits.

    Shriram Life Group Superannuation Plan

    Shriram Life Group Superannuation Plan is a non-linked, non-participating variable fund based plan which can be taken by employers to manage the employee pension fund.

    Shriram Life Group Term Life Insurance in lieu of EDLI

    Shriram Life Group Term Life Insurance in lieu of EDLI provides additional life insurance benefit to all employees irrespective of their PF balances, salary level,and service.

Contact Address

Shriram Life Insurance Company Limited, Ramky Selenium, Plot No: 31 & 32, Beside Andhra Bank Traning Centre, Financial District, Gachibowli, Hyderabad, TG, India – 500032. <

Toll-free - 1800-3000-6116

Phone - +91-40-2300-9400

Shriram Life Insurance: FAQ's

1. How can I get a duplicate hard copy of my Shriram life insurance policy document?

You have to visit any nearest Shriram Insurance company Branch along with these below-mentioned documents:

  • Notarized copy of an indemnity bond printed on stamp paper of INR 100/-. Cheque/ Demand Draft of INR 100/- (towards reprint charges) in favour of Shriram Life Insurance Company Limited.

2. Can we add or delete the rider from the Shriram Life Insurance plan?

You can add rider only at the time of purchasing the policy and remove it during the policy term as per the choice coinciding with the policy anniversary.

3. In the case of more than one nominee, what are the documents we need to submit?

You need to submit the KYC documents of all the nominees along with the documents that are required for the death claim.

4. How can I pay the premium of the policy offered by Shriram Life Insurance Company Limited?

You can pay the policy premium of Shriram Insurance Compay through any of the below modes:

  • Cash/Cheque/DD at nearest Shriram Insurance Company Branch
  • Online (by Net Banking, Credit Card, Debit Card, UPI, Wallets, NEFT)
  • Online on Shrimithra Mobile App (by Net Banking, Credit Card, Debit Card, UPI, Wallets, NEFT)
  • Over the counter of ICICI Bank, Axis Bank, Common Service Centers (CSC)
  • Through UPI digital apps (Google Pay, PhonePe, BHIM, Amazon Pay, iMobile, Payzaap, MobiKwik, etc)

5. What are the documents required for making a claim?

Required documents for making a death claim are:

  • Filled-up claim forms
  • Death Certificate
  • Original Policy document
  • Deeds of assignments/ re-assignments (if any)
  • Form of discharge executed and witnessed (Since the inception of NEFT payments, Discharge form requirement has been stopped)
  • Complete Bank Details of the Beneficiary.
  • Other documents such as hospital certificate, First Investigation Report, post mortem report, etc can be required in case of accidental death.

6. Can I cancel my Life Insurance policy offered by Shriram Life Insurance Company?

You can cancel your Shriram Insurance company policy within 15 days from the date of receipt of the original policy document. If your policy is purchased through distance marketing then you have 30 days to cancel it.

Find Out What Customers Are Saying

(Showing latest 5 reviews only)

- 4.1/5 (566 Total Rating)

June 9, 2022

Vipul Bhardwaj

Coimbatore

Bharti AXA is a good life insurance company, and I am sure if something ha[opens to me, the company will look after my family s needs.

June 6, 2022

Karan Veer

Mumbai

Kotak Mahindra company has fast customer service and sells good life insurance policies. I suggest all my friends and family also buy a life cover policy from Kotak Mahindra company.

May 31, 2022

Urvashi R

Delhi

Hey everyone, just wanted to say that Kotak Mahindra Life Insurance is one of the best life insurance companies. You can even you should go for this company if you want to secure your family s future.

May 31, 2022

Barkha Goyal

Chennai

I brought a Life insurance plan from Exide Life Insurance for my son. The plan offers me many benefit and I am able to secure my son s future. I am satisfied with this product and the customer service given by the company.

May 31, 2022

Vidya Srivastav

Pune

I brought a life insurance policy from Sahara Life company for my family and I m happy with my decision. the policy gives good coverage and add-on benefits.

Last updated on March, 2022

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