ShriRam Life Insurance

About 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).

Key Features of Shriram Life Insurance

Before buying a Shriram Life Insurance policy, it is important to have a thorough insight into the company’s performance. Not only will it help you to analyze the company’s performance, but will also protect your family against any further stress at the time of claim settlement. In the below section, we have discussed the Shriram Life Insurance features. Take a look.

Plans Offered by Shriram Life Insurance

1. Shriram Life 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 insurance plan at the end of the policy period.

   Plan	Entry Age	Maturity Age	Max. Sum Assured
   Smart Protection Plan	Minimum Age:- 18 years Maximum Age:- 65 years	75 years	14 Lakhs
   Smart Protection Plan SP	Minimum Age:- 18 years Maximum Age:- 65 years	75 years	3 Lakhs
   My Spouse Term Plan	Minimum Age:- 18 years Maximum Age:- 55 years	75 years	10 Crores
   Corona Raksha Policy	Minimum Age:- 18 years Maximum Age:- 65 years	NA	2.5 Lakhs
   Saral Jeevan Bima	Minimum Age:- 18 years Maximum Age:- 65 years	70 years	25 Lakhs
   Cash Back Term	Minimum Age:- 12 years Maximum Age:- 50 years	70 years	20 Lakhs
   Family Protection	Minimum Age:- 18 years Maximum Age:- 60 years	75 years	5 Crore

2. Shriram Life Savings Plan

   Plan	Entry Age	Maturity Age	Max Sum Assured
   Early Cash Plan	Minimum Age:- 3 years Maximum Age:- 55 years	70 years	No Limit, Subject to Board approved underwriting policy
   Assured Income Plan	Minimum Age:- 30 days Maximum Age:- 60 years	70 years	No Limit, Subject to Board approved underwriting policy
   New Akshay Nidhi	Minimum Age:- 30 Days Maximum Age:- 50 years	70 years	No Limit, Subject to Board approved underwriting policy
   Assured Income Plus	Minimum Age:- 8 years Maximum Age:- 65 years	75 years	No Limit, Subject to Board approved underwriting policy
   Super Income Plan	Minimum Age:- 25 years Maximum Age:- 50 years	75 years	10 times annualised premium
   New Shri Life	Minimum Age:- 30 days Maximum Age:- 60 years	75 years	No Limit, Subject to Board approved underwriting policy
   Golden Premier Saver Plan	Minimum Age:- 0 years Maximum Age:- 60 years	75 years	No Limit, Subject to Board approved underwriting policy
   POS Assured Savings Plan	Minimum Age:- 3 years Maximum Age:- 55 years	65 years	Death Sum Assured of ₹ 10 Lakhs
   Assured Advantage Plus	Minimum Age:- 8 years Maximum Age:- 60 years	70 years	No Limit
   New Shri Vidhya	Minimum Age:- 18 years Maximum Age:- 50 years	70 years	No Limit, Subject to Board approved underwriting policy
   Premiew Assured Benefit	Minimum Age:- 30 days Maximum Age:- 50 years	70 years	NA
   Genius Assured Benefit Plan	Minimum Age:- 18 years Maximum Age:- 45 years	63 years	No Limit, Subject to Board approved underwriting policy

3. Shriram Life Investment Plans

   Shriram Life Investment plans are a savings-oriented Unit Linked Insurance Plan which offers both life cover and savings through market-linked returns.

   Plan	Entry Age	Maturity Age	Max. Sum Assured
   Fortune Builder	Minimum Age:- 0 years Maximum Age:- 65 years	70 years	No Limit, Subject to Board approved underwriting policy
   Growth Plus	Minimum Age:- 30 days Maximum Age:- 60 years	70 years	NA
   Wealth Plus	Minimum Age:- 7 years Maximum Age:- 60 years	70 years	No Limit, Subject to Board approved underwriting policy

4. Shriram Retirement Plans

   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 a steady income after retirement.

   Plan	Entry Age	Max. Annuity	Policy Term
   Pension Plus	Minimum Age:- 20 years Maximum Age:- 65 years	No Limit, Subject to board approved underwriting Policy	Whole Life
   Immediate Annuity Plus (Online Plan)	Minimum Age:- 0 years Maximum Age:- 85 years	NA	10, 15 to 35 years
   Saral Pension	Minimum Age:- 40 years Maximum Age:- 80 years	No Limit, Subject to board approved underwriting Policy	Whole Life