Shriram Life Family Protection Plan

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

Key Features

  • Life insurance cover at affordable premium rates
  • Premium rebates for large sum assured
  • Tax benefits

Benefits

  • Maturity Benefit:
In case of survival of the life assured up to a specified period or till the end of the policy term no benefits are payable
  • Tax Benefit
Tax benefits are subject to conditions specified under section 10(10D) and section 80C of the Income-tax Act, 1961. Tax laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant. Service Tax & Cess, as applicable shall be levied over and above premium amount shown here as per applicable tax laws.
  • Death Benefit
If the life assured dies during the policy term, "Death sum assured" as mentioned below will be- paid to the nominee or beneficiary as per the option chosen by the policy holder.

Am I eligible?

PARAMETER MINIMUM MAXIMUM
ENTRY AGE 18 years 60 years
AGE OF MATURITY - 75 years
SUM ASSURED Rs.15,00,000 5 crore
PREMIUM PAYMENT TERM Same as policy term
POLICY TERM 10 25 years
PAYMENT MODES Yearly and Monthly

What if?

I am unable to pay the premium

  • Grace period of 30 days will be provided

I want to take a loan

  • No Such option is available under this policy