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Shriram Life Insurance Co. Ltd. is a joint venture of the Shriram Group with SANLAM of South Africa.The Shriram Group has over three decades of experience in Chit Funds, Truck Financing and other financial services businesses in India. SANLAM is one of the largest Life Insurance and Asset Management firms in South Africa with assets of over $ 55.6 billion (Rs. 2,50,000 crores) under management and 87 years of experience in these businesses.
Products of Shriram Life Insurance
Shri life
THE PLAN
SHRILIFE is a life insurance plan that combines security and savings. The premium is payable at regular intervals during the term of the policy. Life cover will be available throughout the policy term.
AGE
Age is determined by the last birthday i.e., the completed number of years. A standard age proof will have to be submitted along with the proposal.
PAYMENT OF PREMIUM
Premiums can be paid yearly, half-yearly or quarterly. Rebates for different modes of payment of premiums are as under:
| Payment mode |
Rebate |
| Yearly |
1.5% of the tabular premium as rebate |
| Half-yearly |
0.75% of the tabular premium as rebate |
SUM ASSURED REBATES
| Sum Assured |
Rebate |
| Below Rs. 1,00,000 |
Nil |
| Rs. 1,00,000 to Rs. 1,99,000 |
Re. 1 per thousand |
| Rs. 2,00,000 to Rs. 2,99,000 |
Rs. 2 per thousand |
| Rs. 3,00,000 and above |
Rs. 3 per thousand |
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