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Shriram Life Term Insurance

75 reviews Rate This
Shriram Life Term Insurance
Highlights
Claim Settlement Ratio95.12%
Customer Care10:00 AM to 7:00 PM
Death Benefit Paid For2,816 Policies
Inception2005
Presence529 Branches
Total Death Benefit PaidRs.77.88 Crore

Incorporated in 2005, Shriram Life Insurance is a part of the Rs.80,000 crore Chennai-based Shriram Group. A joint venture between Shriram Capital and Sanlam, a South African company, Shriram Life Insurance is a private company. Backed by 529 offices across the country, Shriram Life Insurance Company is aimed towards offering 100% customer satisfaction through its exceptional life insurance products as well as customer services. The private insurer offers a vast range of services through its mobile application “ShriMithra”. “ShriMithra” was launched in September 2019. At present, policyholders can make use of “ShriMithra” to pay renewal premium, request policy status, request changes to policy, update contact details and do much more.

Shriram Life Insurance has been awarded with Recognition for Active Customer Engagement Award 2019, Businesswoman of the Year 2018, Indian Insurance Award for Non-Urban Coverage, and Best Life Insurance Policy Awards. Shriram Life Insurance offers a vast array of affordable life insurance plans including term, savings, retirement, microinsurance and many more. Moreover, to enhance the level of protection, Shriram Life offers a wide range of riders that can be purchased at a minimal premium cost.

Shriram Life Term Insurance Plans

The list of term insurance plans at Shriram Life Insurance includes:

  • Shriram Life Cash Back Term Plan
  • Shriram Life My Spouse Term Plan
  • Shriram Life Online Term Plan
  • Shriram Life Smart Protection Plan
  • Shriram Life Smart Protection Plan SP
  • Shriram Life Family Protection
  • Corona Rakshak Policy
  • Shriram Life Saral Jeevan Bima
Read More

Term Life Insurance Premium Calculator

Gender

  • Male
  • Female

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Choose required coverage to secure your family’s future

50L
1Cr
1.5Cr
2Cr
Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

Best Shriram Life Term Insurance Plans

1 Crore
1.5 Crore
2 Crore
2.5 Crore
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹99.51%
Starting From ₹ 682/Month
Claim Settlement
Key Features:
  • Right Green Tick Zero Cost Benefit
  • Right Green Tick Terminal Illness
  • Right Green Tick Nominee's Choice payout
  • Right Green Tick Voluntary Top Up
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹95.28%
Starting From ₹ 812/Month
Claim Settlement 24hr Claim Settlement
Key Features:
  • Right Green Tick Waiver of Premium on Disability
  • Right Green Tick Terminal Illness
  • Right Green Tick Life Stage Benefit
  • Right Green Tick Special Exit Benefit
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹99.39%
Starting From ₹ 771/Month
Claim Settlement 24hr Claim Settlement
Key Features:
  • Right Green Tick Terminal illness
  • Right Green Tick Special Exit - Option to get your premiums back
  • Right Green Tick Renewability Option
See More Plans

Best Term Insurance Plans In India

Disclaimer - Above Premium is for an individual of age 18 Years,No smoker, College Graduate & above having 15 Lacs above income (Salaried).
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Popularly Opted Term Insurance Sum Assured

User Reviews

4.9
Rating based on
75 User reviews
Write your review
What users are saying
  • All
  • Professional Customer Service

    My purchase of the Shriram term insurance policy was smooth and easy. My thanks to the customer support executives who solved my queries and problems. I loved the insurancedekho’s policy tracking feature the most. After my purchase, simply visiting Insurancedekho’s online portal helped me to know the status of my term insurance policy.

    Read More

    H
    Shriram
    By Harshit Joshi
    On: Feb 27, 2024
  • Easy Renewal Process

    I bought the Shriram term Life Insurance plan from InsuranceDekho. And when the time came for its renewal, I just had to pay the premium and provide my policy details. After this, my Shriram Term Life insurance policy was renewed easily.

    Read More

    R
    Shriram
    By Rahul Tanwar
    On: Dec 26, 2023
  • Term Insurance for Every Budge...

    I could easily buy the Shriram Term Insurance Policy. InsuranceDekho caters to various budgets, making it easy to find a term insurance policy that matches your financial situation.

    Read More

    S
    Shriram
    By Shubham Jain
    On: Nov 15, 2023
  • Great Customer Support

    I had some questions about the different term insurance options available, and the customer support at InsuranceDekho was fantastic. They helped me choose the Shriram Term Insurance- Smart Protection Plan, which is the right plan for my needs.

    Read More

    A
    Shriram
    By Amrita Roy
    On: Oct 30, 2023
  • Flexible Policy Terms

    I got the opportunity to purchase the Shriram Term Insurance from InsuranceDekho. I must say that it offers flexibility in policy terms, which is great for those who want coverage for a specific duration.

    Read More

    V
    Shriram
    By Vishnu Kumar
    On: Sep 29, 2023
View All Shriram Life Term Insurance Reviews

Claim Process at Shriram Life Term Insurance

  • 1

    Claim Intimation

    In the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
  • 2

    Submission of Documents

    Claim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
  • 3

    Claim Evaluation

    Once the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
  • 4

    Claim Settlement

    If claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.
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Why to Buy Term Insurance Policy Online from InsuranceDekho

  • Tax benefit upto 1,50,000*
  • Claim support everyday 10AM-7PM
  • 66 Lacs+ happy customers

Term Insurance News

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FAQs

  • What is the CSR for Shriram Life Insurance Company?

    Shriram Life Insurance has a high CSR of 91.61% for the financial year 2019-20.

  • Which term insurance plans does Shriram Life provide?

    Shriram Life Insurance provides Shriram Life Cash Back Term Plan, Shriram Life My Spouse Term Plan, Shriram Life Online Term Plan, Shriram Life Smart Protection Plan, Shriram Life Smart Protection Plan SP, Shriram Life Family Protection, Corona Rakshak Policy and Shriram Life Saral Jeevan Bima. As the name suggests, Shriram Life Online Term Plan is an online plan.

  • What is the free look period for term insurance at Shriram Life Insurance?

    The free look period is 15 days. However, the free look period is 30 days if the policy has been purchased through distance marketing mode. 

  • What is the grace period for term insurance plans at Shriram Life Insurance?

    The grace period is 30 days for yearly, half yearly and quarterly mode. In case of monthly mode, the grace period is 15 days.

  • Does Shriram Life Insurance provide any protection plan against Covid-19?

    Yes! You can easily buy Corona Rakshak Policy to gain protection against Covid-19. The policy provides 100%  lump sum benefit in case of COVID-19 diagnosis and hospitalization.

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