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Shriram Life Insurance


Shriram Life Insurance Company is the joint venture between the Shriram Group and the Sanlam Group.Sanlam Life Insurance Limited, a part of the Sanlam Group, is one of the largest providers of life insurance in South Africa with 3.2 million individual policies under administration. It has a significant presence across South Africa, United Kingdom and Namibia and is a major provider of life insurance, retirement annuities, saving and investment products, personal loans, home loans and trust services to individuals. The shareholder's funds of Sanlam Life equates to USD 4.4 billion.

New Product

SHRILIFE Title-1

Shriram Future Wealth-II is a regular premium unit linked plan; this plan can be used for achieving policyholders long term objectives (Children education, Children marriage, Retirement planning) with an adequate income plus Bonus units. Each year, units in the chosen unit fund will be allotted, and defined charges will be deducted by cancellation of units each year till the policy becomes a claim.

The plan can also serve as a systematic savings plan with insurance.

Products
SHRILIFE Title-1

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.

SHRIRAKSHA Title-3

SHRIRAKSHA is a life Insurance plan that combines security and savings. The premium is payable during the premium paying term at regular intervals. The total benefit payable to any policyholder during the policy term will equal two times the sum assured along with accrued bonuses.

SHRIVIDYA Title-4

SHRIVIDYA is a life Insurance plan that provides security for the child's education. The premium is payable at regular intervals during the term of the policy. Life cover will be available throughout the policy term.

ShriVidya Title-14

ShriVidya Plus-II is a regular premium unit linked plan which makes large savings to meet specific needs of an individual to provide security for their child's education, besides getting adequate insurance cover, through investment in different types of unit funds. Each year, units in the chosen unit fund will be allotted, and defined charges will be deducted by cancellation of units each year till the policy becomes a claim.

ShriVishram Title-10

ShriVishram Plan-II offers a unique opportunity to make large tax free savings to meet specific needs of an individual for retirement, besides getting adequate insurance cover, through investment in different types of unit funds. Each year, units in the chosen unit fund will be allotted, after deducting defined charges out of the contribution paid each year.

SHRI PLUS (SP) Title-7

SHRI PLUS (SP)-II offers an unique opportunity to make large savings to meet specific needs of an individual such as Education/Marriage of children or saving for retirement etc, besides getting adequate insurance cover, through investment in different types of unit funds. Out of the single contribution made at the time of commencement of the policy, the units in the chosen unit fund will be allotted, after deducting the defined charges each year.

SHRI VIVAH Title-8

SHRI VIVAH is a life Insurance plan that provides financial support at the time of marriage of one's children. The premium is payable at regular intervals during the term of the policy. Life cover will be available throughout the policy term.

SHRIRAM IMMEDIATE ANNUITY PLAN Title-9

THE SHRIRAM IMMEDIATE ANNUITY PLAN It is an annuity plan that combines annuity and protection. The premium is payable only once but life cover will be available throughout the policy term.

SHRIPLUS Title-5

SHRIPLUS-II offers an unique opportunity to create large tax free savings to meet specific needs of an individual such as education/marriage of children or saving for retirement etc, through investment in different types of unit funds.

ShriVikash Title-11

ShriVikash-II is a limited payment unit linked plan which makes large savings to meet specific needs of an individual, besides getting adequate insurance cover, through investment in different types of unit funds. Each year, units in the chosen unit fund will be allotted, and defined charges will be deducted by cancellation of units till the policy becomes a claim.

ShriSuraksha Title-12

ShriSuraksha is an increasing Term Assurance plan that gives life cover for individuals.The premium is payable annually and life cover will be available after one year from the date of acceptance of the policy up to the end of the term.

SHRIPLUS Title-5

Shriram Pension Plan-II (UIN – 128L030V01) with intent to provide the policyholder with an adequate income on his retirement to buy an immediate annuity plan to lead financially secured life after his retirement.

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