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. It has a network of 630 offices and 75,000 agents across India.

The major goal of Shriram Life Insurance Company is to reach out to the "common man" with products and services that would be helpful to him as he set out on the path to "prosperity".The company deals in high quality and cost-effective products and services which are the core values that drive the organization. These values have been strongly adhered to over the decades and are now an integral part of the organization.

The company prides itself on its deep understanding of the customer. Each product or service is tailor-made to specifically suit the needs of the customer. It is this guiding philosophy of putting people first that has brought the group company closer to the grassroots and has made it the preferred choice for all truck financing requirements amongst the customers.

What is Life Insurance?

Life insurance is a sector that is highly in demand in India. We stay in exciting times - interesting yet volatile! In such instances, wherein there are not any surety of life, life coverage is the simplest warranty that you need to defend yourself and your loved ones against the unknown and the unexpected incidents. Insurance is basically a connection between the insured and the insurer. The insured pays the insurer a sure amount of money at constant intervals as a premium in lieu of the insurer, which can pay a positive sum assured when people need it and at the demise of the insured.

In the past, human beings might go in for traditional coverage policies which had been normally termed policy or endowment policies. The sum assured in these coverage plans is guaranteed and pre-decided. Those plans often gave the insured coverage for life, health and from time to time-related to the life-long pension paying scheme. However, despite the fact that these vintage plans provide a safety net, they're outdated because of the spiraling fee of residing. They do not yield excessive returns and the premium paying time period is alternatively long.

Again in the past, the more youthful era became not as privy to the want of insuring oneself. Nowadays, not only are we curious about coverage, we have learned that investing and insurance can happen at the same time and with anequal amount of cash.

Why Do You Need Shriram Life Insurance Policy?

When it comes to life insurance, Shriram life insurance is something that you can blindly trust. This company is into the same business from many years and offers a wide range of effective plans.

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. The risk urge has expanded and for this reason,Unit-Linked Insurance Plans or ULIPs are ruling the roost. These ULIPs invest the insurer's cash in the market and not simply in life coverage thereby making your financial savings develop drastically.

Life Insurance Policies allow you to secure your life and achieve financial goals easily. 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 Assured Income Plus

Shriram Life Assured Income Plus is a non-linked non-participating endowment assurance plan. This plan caters to customers who wish to invest only for a minimum fixed duration and reap predetermined annual benefits even after maturity.

Shriram Life - Genius Assured Benefit Plan

Shriram Life Genius Assured Benefit Plan is an endowment plan, designed to provide guaranteed financial assistance to your family and support your child's education in the unfortunate event of your death or on maturity. It can be broadly classified as a child plan.

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 Ujjwal Life (SP)

Shriram Life Ujjwal Life (SP) will help you accomplish all your financial goals. It is an affordable, easy-to-obtain financial security net for you and your loved ones.

Shriram Life Ujjwal Life

Shriram Life Ujjwal Life is a regular premium unit linked plan designed to help you with your financial goals for your child's education, child's marriage or a peaceful retirement. The plan also protects your living family against uncertain future events.

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 Wealth Plus

Shriram Life Wealth Plus is a unit linked insurance plan that protects your loved ones and helps grow your investments thereby offering both savings and protection under a single plan.

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.

4. 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 Easy Life Cover

Shriram Easy Life Cover is a non-participating non linked life insurance product. The plan aims to meet the short-term insurance needs of people.

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 Secure Plus Plan

Shriram Life Secure Plus Plan is a non-linked, non-participating life insurance plan designed to ensure your loved one's financial security to meet uncertainties and provide your family with full protection.

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.

5. 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 POS Guaranteed Endowment Plan

Shriram Life POS Guaranteed Endowment is a non-linked non-participating endowment plan which ensures your family is financially protected at all times in case of any unforeseen event.

Shriram Life Secure Investment

Shriram Secure Investment Plan is a one-time investment plan that provides dual benefit of a life insurance and investment. This an ideal plan to maximize the returns of your cash surplus.

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 New Shri Raksha

Shriram Life New Shri Raksha is a plan that offers dual insurance cover during the term and a whole life insurance cover after the policy term apart from sum assured on survival at maturity.

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 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.

Shriram Life New Shri Vivah

Shriram New Shri Vivah Plan aspires to make it easier and less stressful with its unique features and dependable benefits.

6. 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.

7. 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 Shri Sahay (SP)

Shriram Life Shri Sahay (SP) is a microinsuranceplan that provides life cover for socially weaker sections of the population. The premium is payable only once but life cover will be available throughout the policy term.

Shriram Life Shri Sahay (AP)

Shriram Life Shri Sahay (AP) is an Annual Premium Group Insurance Plan that provides life cover for socially weaker sections of the population. The premium is payable annually and life cover will be available throughout the policy term.

8. 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.

9. 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.

10. 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.

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