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1. How to pay a premium? What are the modes of payment available? Shriram Life Insurance Company offers 6 modes of premium payment namely: Cash payment at the branch Payment at the Axis Bank Online Payment NEFT ECS Pay Via Mobile For the online payment mode, the policyholder can pay via; Credit Card, Debit Card Net banking 2. How can I check policy status for Shriram Life traditional plans? To check policy status you can log into the e-portal with your valid credentials. 3. What is the policy renewal process for Shriram Life traditional plans? The Shriram Life Insurance company provides facility to renew the policy online. Step 1: Sign into the e-Portal with policy details Step 2: Select payment option (Bank, Debit/credit Card) to pay Step 3: Save/print e-receipt You can renew your policy via Mobile, please visit e-portal 4. What is the companys process to settle claim for Shriram Life traditional plans? For the claim, the nominee must submit the valid documents along with the claims form at the nearest branch. Upon successful validation of documents the claim is fully settlled within a few days. 5. What is the policy cancellation process for Shriram Life traditional plans? Walk into the nearest branch of the Shriram Life insurance company with the policy documents. Surrender them and within a couple of days the refund will be directly credited into your bank. DHFL Pramerica Roz Sanchay

The company offers specific plans which are available online only. The customer only needs to log into the companys website, choose the required plan, choose the coverage and provide the details. The premium will be determined using the filled details. The customer then needs to pay the premium online through credit card, debit card or net banking facilities and the policy will be issued Intermediaries Plans which are not available online can be purchased from agents, brokers, banks, etc. where the intermediaries help with the application process. Applying For Traditional Insurance through PolicyBazaar On the PolicyBazaar homepage, click on Traditional Insurance under the Personal tab. Click New Quotes to compare and choose from top insurance providers. Fill your date of birth (DOB), whether you are a smoker/non-smoker, and the payout amount. On the basis of your payout amount, you will get an estimate of your premium. Next click Continue. Fill in your name, email address, city, country code, and mobile number. Click Continue. You will be taken to the Life Insurance quotes page where you will see life insurance quotes of more than 10 insurers. Next, choose the plan as per payment schedule – One Time Payout and Monthly Payout Plans. After reviewing and comparing each life insurance quote, click the premium amount to buy the desired plan. You will see a pop-up on the screen which will give you an overview of the chosen plan like premium, plan features, exclusions, additional riders, etc. Click Proceed. This will take you to the insurers website. Fill in the necessary details to buy the plan. Can I use an endowment plan as a security to avail a loan? Yes, you can use your endowment plan to get a loan. Endowment plans are usually long term, high value plans. As a result, you get loans easily. What are the best available endowment plans in India? Since endowment plans are pretty popular in India, most of the leading insurance companies have endowment plans. The endowment plans from LIC, AEGON Religare, HDFC Life and Birla Sun Life Insurance are among the best. Who needs which Endowment Plan? Endowment insurance is the most common type of insurance where you invest in an insurance fund and receive the sum assured at the end of the policy period. If you die within the tenure of the policy, your nominee receives the death benefit. This makes an endowment plan a very good insurance tool with many people opting for it. There are however different kinds of endowment plans and you need to know which plan would work best for you. Read on to know more.

Shriram Life has a host of investment plans to meet the requirements of individuals who are looking to create a corpus through traditional saving products. Shriram New Shri Life Plan An Endowment plan with the given features: The plan earns bonuses through participation in profits The premiums under the plan can be paid either for the entire duration of the plan under the Regular Pay option or for a limited time through the Limited Premium Paying option On premature death of the insured Sum Assured on death and vested reversionary bonus along with any Terminal Bonus is given to the nominee. The Sum Assured on death is expressed as higher of 10 or 7 times the annualized premium depending on the age of the policyholder subject to a minimum of 105% of all premiums paid till the date of death At maturity date, the basic Sum Assured including vested reversionary bonuses and any Terminal Bonus is paid to the policyholder. Loan can be availed under the plan to a maximum of 90% of the Surrender Value You can customize the plan by availing additional riders like Accident Benefit Rider, Family Income Benefit Rider, Shriram Extra Insurance Cover and Shriram Critical Illness Cover Rider. Discounts to policyholders if the premiums are paid in advance Premium discounts are also allowed for opting for Sum Assured level of Rs.5 lakhs and above Eligibility Details Shriram New Shri Raksha Plan A combination of an Endowment and a Whole Life Plan, the plan offers exhaustive coverage till the age of 100 years. The plan has the following characteristics: It is issued as a participating plan which earns bonuses The premiums under the plan can be paid either for the entire duration of the plan under the Regular Pay option or for a limited time as given by the Limited Pay option The coverage runs till the insured reaches 100 years of age even after the maturity benefit is already paid out. If a death claim arises, the Sum Assured on death and the vested reversionary bonus along with any Terminal Bonus is paid to the nominee. The Sum Assured on death is expressed as higher of 10 or 7 times of the annualized premium depending on the age of the policyholder or two times the basic Sum Assured subject to a minimum of 105% of total premiums paid till the date of death If the plan matures, the basic Sum Assured and vested bonuses including any Terminal Bonus is paid to the policyholder and the plan continues Post maturity, if the insured dies at any age before he reaches 100 years of age, an additional benefit equal to the basic Sum Assured is payable to the nominee. Loan can be availed under the plan up to a maximum of 90% of the Surrender Value The plan can be customized by availing additional riders like Accident Benefit Rider, Family Income Benefit Rider, Shriram Extra Insurance Cover and Shriram Critical Illness Cover Rider. Discounts are allowed to policyholders if the premiums are paid in advance Premium rebate is also allowed for opting for Sum Assured levels of Rs.5 lakhs and above Eligibility Details Shriram Life New Akshay Nidhi Plan It is a traditional money-back insurance plan which provides periodic benefits to take care of the cash flow. Other characteristics of the plan are: It is a with profits plan where bonus is declared The premiums for the planare required to be paid for the entire duration of the plan under the Regular Pay option Money back benefits called the Survival Benefits start from the end of the 5th year and thereafter paid every 5 years. The Survival Benefits are expressed as a percentage of Sum Assured and depend on the plan tenure chosen by the policyholder. On maturity of the policy, the vested reversionary bonus and any Terminal Bonus is paid to the policyholder As the death benefit the Sum Assured on death and the vested reversionary bonus along with any Terminal Bonus is paid to the nominee. The Sum Assured on death is expressed as higher of 10 or 7 times the annualized premium depending on the age of the policyholder or the basic Sum Assured subject to a minimum of 105% of all premiums paid until death Loan can be availed under the plan up to a maximum of 90% of the Surrender Value Customization of the plan is possible by availing additional riders like Accident Benefit Rider, Family Income Benefit Rider, Shriram Extra Insurance Cover and Shriram Critical Illness Cover Rider. Discounts are allowed to policyholders if the premiums are paid in advance There is a rebate in the premium rate for opting for Sum Assured levels of Rs.5 lakhs and above Eligibility Details Shriram Secure Investment Plan The plans is a traditional Endowment Plan with a one-time investment option. The plan has the following benefits: Premium under the plan is payable once at the inception of the policy. On maturity, a Guaranteed Maturity Benefit is paid expressed as the Single Premium multiplied by the Guaranteed Maturity Factor where the factor depends on the age of the policyholder, amount of premium and the plan tenure chosen. On death higher of 125% or 110% of the Single Premium paid depending on the age of the policyholder or the Guaranteed Maturity Benefit is paid Loan can be availed under the plan up to a maximum of 90% of the Surrender Value Eligibility Details Shriram Life Assured Income Plan Another traditional insurance plan with the following characteristics: Premiums payable for the plan are supposed to be paid for the entire duration The maturity and the death benefit can be taken wither in lump sum or in instalments. The maturity benefit will be regular annual payouts post the completion of the term expressed as a percentage of the annual premium or the Sum Assured. The payouts can be taken in lump sum also. In case of death, the benefit can be taken either in lump sum, or in instalments under the Regular Annual Payout option or 50% in lump sum and 50% in instalments as per the policyholders choice. The death benefit payable will be higher of 5, 7 or 10 times of the annual premium depending on the age and the tenure or 105% of aggregate premiums paid until death or the Death Sum Assured or the Maturity Sum Assured. Accident Benefit Rider, Family Income Benefit Rider, Shriram Critical Illness Cover Rider and Shriram Extra Insurance Cover Rider are riders under the plan for a more comprehensive coverage option. Loans can be taken up to a maximum of 90% of the Surrender Value. Eligibility Details Other Plans Child Plans Shriram New Shri Vidya Plan – it is a traditional child insurance plan to take care of the childs future even in the absence of the parent. It is a money-back plan where money-backs are provided @25% of Sum Assured in the last 5 years before the plan matures and on maturity the bonuses are paid. If the insured dies, the death benefit is paid which also includes the additional death benefit of the money back benefits and a family income benefit of 1% of Sum Assured every month following the insureds death till the end of the policy term? Shriram New Shri Vivah Plan -another traditional participating child insurance plan designed especially for meeting the marriage expenses of the child. On maturity, the Sum Assured and the vested bonuses are paid. On death, the death benefit including an additional death benefit of the family income benefit is paid. The family income benefit is 1.5% of the Sum Assured payable every month following death till the end of the term.