Training Example: Shriram Life Insurance Company Limited – Review the Data, Give Your Score & Compare to the Real AI Evaluation

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Public Notice: IRDAI List of Blacklisted AgentsIRDAI Chairman's Congratulatory Message for AA Foundation DayShriram Life Insurance policy documents are now accessible on DigiLocker for policies issued from March 1, 2024, onwards. To access: log in to www.digilocker.gov.in or use the DigiLocker app, search for 'Shriram Life Insurance' under Issued Documents, and instantly download your policy document.Follow us now on WhatsApp!SLIC is an empanelled annuity service provider by the PFRDA - Explore Retirement Options .  Know moreSHRIRAM SMART SURAKSHA CARD - Suraksha apni jeb meinKnow More
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Happy Father's Day
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[H2] Secure Your Child's Tomorrow, Today
WITH SHRIRAM LIFE SUNISHCHIT LAABH ZAROORAT JAISI, POLICY VAISI
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Secure Your Retirement Income withShriram Life Sunishchit LaabhZaroorat jaisi, policy vaisi
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Steady monthly income
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Savings plus protection
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Long-term retirement support
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Smart savings plan for strong returnsShriram Life Sunishchit LaabhZaroorat jaisi, policy vaisi
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Guaranteed income for future needs
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Loyalty addition to enhance savings
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Flexible payout terms to suit your goals
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Support your child's big dreamsShriram Life Sunishchit LaabhZaroorat jaisi, policy vaisi
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Guaranteed payout for long term
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Flexible payout according to needs
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Loyalty bonuses to boost returnsSecure Your Child's Tomorrow, TodayI am A Young professional A Homemaker Single woman Married with kids Working woman Close to retirement / retired Self-employed / business owner Salaried I want to Find My Plan
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[H1] Explore Our Life Insurance Plans
Find the best life insurance plan for your family's needs and financial goals - compare life insurance policies onlineOur Top Plans
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Our Top PlansTerm Insurance PlansSavings PlansULIP PlansRetirement Plans0% GST
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Our Top Plans
[H3] Shriram Life Wealth Pro
A market-linked life insurance plan that grows your wealth while providing comprehensive life cover insurance for your family.Customized life coverMultiple FundsBuy Now0% GST
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Our Top Plans
[H3] Shriram Life Premier Assured Benefit
Get guaranteed returns with full life insurance coverage. with assured benefits.Guaranteed* Benefits with attractive returns2 Life Cover optionsBuy Now0% GST
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Our Top Plans
[H3] Shriram Life Assured Income Plan
A life insurance plan that pays guaranteed regular income. Ideal for those seeking the life insurance cover with steady income payouts.Assured benefits after policy termMultiple Policy Term ChoicesBuy Now0% GST
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Our Top Plans
[H3] Shriram Life Early Cash Plan
Life Insurance Policy with Early Payouts. Get guaranteed cash bonuses from the very first monthCash bonus of 2% p.a of Sum Assured2 Bonus OptionsBuy NowView All Plans
[H2] Plan Smarter with Our Calculator
Plan your life insurance, savings and investments with our free online calculators. Find the best life insurance premium for your needs.
[H3] HLV Calculator
Estimate the ideal life insurance cover you need based on income and expenses
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Know MoreKnow More
[H3] Retirement Planning Calculator
Calculate the corpus required to secure your post-retirement life
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[H3] Children Education Calculator
Plan savings for your child's future higher education goals
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Know MoreKnow MoreView All Calculators
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[H2] Why Choose Shriram Life
Shriram Life Insurance provides a legacy of trust and reliability, with innovative plans designed to meet diverse financial needs. With a focus on customer satisfaction, Shriram Life Insurance provides tailored insurance solutions designed to give financial security, growth, and peace of mind for you and your family.
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Benefit from a Trusted track record
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Insurance plans designed for your needs
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Protects your family with a safety netKnow More About Us
[H2] Our Awards & Recognition
Recognised as one of India's trusted life insurance companies for claim settlement excellence, innovation, and customer service.
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[H3] Awards and Accolades
[H3] Awards and Accolades
Shriram Life's Golden Premier Saver Plan has been awarded as one of India's TOP 5 BEST Endowment Policy.
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[H3] Best Claim Settlement
[H3] Best Claim Settlement
Wins ET BFSI Exceller Award for Excellence in "CLAIMS SERVICE" on Nov'23
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[H3] Indian's TOP 5 BEST Endowment Policy
[H3] Indian's TOP 5 BEST Endowment Policy
The "Best Life Insurance Company of the Year" at the National Feather Touch - Business Leadership Awards.
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[H3] Best Claim Settlement
[H3] Best Claim Settlement
Wins ET BFSI Exceller Award for Excellence in "CLAIMS SERVICE" on Nov'24
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[H3] Business Leadership Awards
[H3] Business Leadership Awards
The "Best Life Insurance Company of the Year" at the National Feather TouchView All Awards
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Building Prosperity for
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20 yearsBranches
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651Assets Managed
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₹13,207 Cr
[H2] Claims Performance
₹171.85 Crssettled for FY 2025-264,805Families have received claim benefits98.52%Death Settlement Ratio in FY 2025-26
[H2] Customer Testimonials
Hear from real customers who chose Shriram Life Insurance - and how our life insurance plans protected their families when it mattered most.
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playVideoIconI purchased the Super Income Plan because it offers good coverage for my needs. The Shriram team explained every detail clearly before finalising the plan. And even after the purchase, the team has been supportive & responsive on calls.Mr Mahesh Auditor
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playVideoIconI heard about Shriram Life through an agent. I picked the Shriram Life Premium Assured Plan amongst all. This plan secures my regular income, helps with taxes, & covers risks. To me, this plan feels like a nest of financial protection.Ms Divya, Coimbatore Entrepreneur
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playVideoIconI've been an investor all my life, and in my old age, I didn't want to worry about returns. That's why I opted for Shriram Life's ULIP Plan. It offers reasonable returns, and I am satisfied with the company's performance and services.Mr M. Krishnan, Chennai InvestorView All TestimonialsClose
[H2] Know More About Life Insurance
A complete guide to life insurance in India - types of life insurance, coverage, benefits, and how to choose the best life insurance policy. What is Life Insurance?
[H3] What is Life Insurance?
[H3] How Does Life Insurance Work?
[H3] Types Of Life Insurance
[H3] Benefits of Life Insurance
[H3] What is Life Insurance?
Life Insurance is a financial product that provides a payout to beneficiaries in the event of the policyholder's unfortunate demise. It offers financial protection and security for your loved ones, helping to cover expenses such as debts, living costs, and other financial needs. It acts as a safety net, ensuring your family’s future goals stay on track even in your absence. Beyond protection, certain plans also help you build savings or wealth over time.
[H2] Life Insurance Articles & Guides
Expert guides on life insurance plans, policy comparisons, and financial planning tips for Indian families.Life Insurance
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6 min read Posted On: 25 Apr 2026
[H3] Difference Between Sum Assured and Maturity Amount: Key Differences Explained
When buying a life insurance policy, terms like sum assured and maturity amount often apKnow MoreLife Insurance
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5 min read Posted On: 20 Apr 2026
[H3] Difference Between Critical Illness and Terminal Illness
Medical insurance terms often feel confusing at first. As you start planning your finances, these terms become important.Know MoreLife Insurance
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5 min read Posted On: 17 Apr 2026
[H3] Life Insurance Underwriting: What Is It & How It Works?
When you apply for a life insurance policy, the process involves more than just filling Know MoreLife Insurance
[IMG: Understand Life Insurance Nominee Rules]
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6 min read Posted On: 09 Nov 2025
[H3] Why a Nominee in Insurance Matters and How to Choose One
Buying life insurance is an important step in protecting your loved ones.Know MoreView All Blogs
[H2] Frequently Asked Questions
Find answers to the most common questions about life insurance, life insurance plans, policies, coverage, and more. Life Insurance Savings Plans Retirement Plans Child Plans ULIP Plans Term Insurance Plans Microinsurance Plans Employee Benefit Plans Riders + View More 1.What is the best life insurance policy in India?The best life insurance policy in India depends on your goals. For maximum life cover at the lowest cost, a term life insurance plan is the best choice. For savings with life cover, an endowment or savings life insurance plan is ideal. For investment with life cover, a ULIP life insurance plan works best. Shriram Life's range of life insurance policies is designed to offer the best life insurance cover for every need and budget.2.How to buy life insurance online?You can buy life insurance online with Shriram Life in 3 simple steps:Choose your life insurance plan on our websiteEnter your details and get an instant life insurance quotePay online and receive your life insurance policy document instantly by emailBuying an online life insurance policy with us is 100% paperless and takes less than 5 minutes — no branch visit or agent required.3.How much life insurance coverage do I need?Financial experts recommend life insurance coverage of at least 10–15 times your annual income. For example, if you earn ₹6 lakh per year, you should have at least ₹60–90 lakh in life insurance coverage. Your life insurance cover should also account for outstanding loans, your children's education costs, and your family's living expenses. Use our free Life Insurance Calculator on this page to find the right coverage amount.4.Which is the best life insurance company in India?The best life insurance company in India should have a high claim settlement ratio (95%+), IRDAI regulation, a strong financial track record, and a wide range of life insurance plans. Shriram Life Insurance has a 98.52% claim settlement ratio, over 20 years of experience, and serves millions of policyholders across India — making it one of the most trusted life insurance companies in India.
[H2] Popular Searches
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Life Insurance PlansShriram Life Assured Income PlanOverview
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Earn assured income with Shriram Life Assured Income PlanEarn assured income with Shriram Life Assured Income PlanCloseOTP Verification Please Enter OTP that has been sent to your registered Mobile Number +91 Sticky TabOverviewFeatures & BenefitsDownloads Calculators Coverages ComponentsEligibility
[H1] Shriram Life Assured Income Plan
Protect your family's financial future todayApply now
[H2] Shriram Life Assured Income Plan
[H6]              Shriram Life Assured Income Plan  A Non-Linked Non-Participating Life Insurance Individual Savings Plan  (UIN: 128N053V06)
Why do we save? We save to fulfill our dreams. Dreams which mostly involve huge financial commitments. These huge financial commitments require us to save small regularly for long so that we can yield big in the years to come. Our dream can be anything like providing the best education for our children, throwing a grand reception on their wedding, buying own house, a family vacation abroad or it can be to accumulate a corpus for a comfortable retirement.But what if something unfortunate happens before we have saved enough for our dreams??Presenting Shriram Life Assured Income Plan, which assures your family of the Income you have planned for them even in your absence. This plan not only helps you secure your family financially but also provides you assured returns on maturity. With regular income option under this plan you will receive your maturity amount in periodical payments of assured amount to help you fulfill your financial responsibilities and dreams with ease. Not only that, under this plan you can also opt for multiple riders by paying a nominal amount which will provide you and your family additional protection in case of Death, Accidental Death/Disability and Critical Illness.
[H2] Features and Benefits of Shriram Life Assured Income Plan
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[H3] Choice of Policy Term – 8/10/12/15 years
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[H3] Assured Income benefits after the policy term
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[H3] Higher returns for higher premiums
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[H3] Higher returns for higher terms
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[H3] Additional protection through riders
Know More
[H2] Calculator for shriram life insurance assured income plan
Shriram Life Assured Income Plan Calculator, is a one-stop destination to calculate your policy premiums, benefits and other advantages. The plan offers the opportunity to provide financial security for loved ones, even in the absence of the policyholder. This plan ensures benefits upon maturity, with the option of receiving regular income. Close
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[H2] Eligibility and Documents Required for Shriram Life Assured Income Plan
You can apply online for Shriram Life Assured Income Plan. Follow the steps given below to submit your application
[H6] Plan Eligibility
Age at EntryMinimum: 30 daysMaximum:  50  years (age last birthday)Maturity AgeMinimum: 8 yearsMaximum:  65 years (age last birthday)Policy Term8 / 10 / 12 / 15 yearsPremium Paying TermSame as Policy TermBenefit Payout PeriodEqual to Policy TermPremium ModeYearly, Half-Yearly, Quarterly, MonthlyAnnualised PremiumMinimum: Rs 10,000 Maximum: No limit, subject to Board approved underwriting PolicyBasic Sum Assured (Policy Term X Annualised Premium)Minimum: Rs. 80,000Maximum: No limit, subject to Board approved underwriting PolicyView more
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[H3] What are the coverages offered by Shriram Life Assured Income Plan
Shriram Life Assured Income Plan is preferable to other assured income plans mainly for its guaranteed benefits and flexibility in terms of terms and payments. Unlike an insurance plan that protects you only during the payment terms, Shriram Life Assured Income Plan offers longer life coverage. You receive higher guaranteed benefits than other plans which makes it rank better than its competitors.Know more
[H2] Additional protection through Riders
You can opt any of the following Riders by paying additional premium. The riders can be opted at the inception of the policy or subsequently on any policy anniversary.Know more
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[H3] Accident Benefit Rider (UIN 128B001V03)
In case of death or total and permanent disability due to accident during the rider term, we will pay 100% of the rider sum assured. Also, if the life assured becomes totally and permanently disabled in an accident, we will waive off all the future premiums under the policy.
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[H3] Family Income Benefit Rider (UIN 128B002V03)
In the event of accidental death or if the life assured becomes totally and permanently disabled due to an accident within the rider term, 1% of rider sum assured is payable every month immediately from the end of month of accident for a guaranteed period of 10 years or till the end of the rider term whichever is higher.
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[H3] Shriram Extra Insurance Cover Rider – (UIN 128B009V03)
In case of death of the life assured during the rider cover term, sum assured under rider will be paid to the nominee(s) or beneficiary (ies).
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[H3] Shriram life Critical Illness Plus rider (UIN 128B016V02)
If you are diagnosed to be suffering from any of the 24 specified Critical Illnesses, we will pay 100% of the rider Sum Assured on survival of 30 days following the date of first confirmed diagnosis. This rider also gives you an upside of increments in your rider Sum Assured through Loyalty Additions. Please refer the Rider Prospectus for further details. Riders are not allowed for POS.
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[H3] Shriram life Critical Illness Woman rider (UIN 128B032V01)
The critical illness woman rider ensures financial security tailored to women’s health needs. The Base cover provides protection against 29 critical illnesses covering major and minor female specific critical illnesses. The add on benefit i.e Maternity Wellness Coverage offers protection against pregnancy complications and birth of child & congenital disorders. The premium for this optional benefit has to be paid additionally over and above base cover rider premium. Policy term for PC & BCCD option can be less than or equal to the policy term chosen for the base option. It provides cover for one childbirth.Know more
[H2] Downloads
You can download the Shriram Life Assured Income Plan policy documents online. Shriram Life provides an online facility to its customers so that downloading documents becomes easy. You can visit www.shriramlife.com and open the Shriram Life Assured Income Plan. On the page, you can download the policy prospectus and document for your reference.ProspectusPresentationPolicy document
[H2] Testimonials
What our customers say about usQuotationI was recently involved in a payout request. They helped me with the smooth process to get the amount.
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[H3] Abha
QuotationI have been associated with Shriram for a period of time. They have prompt and friendly service.
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[H3] Rasiya
QuotationShriram life insurance products are worth every penny. I am happy with their service.
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[H3] Nagamani
QuotationI am associated with Shriram life insurance for more than a decade. They have a wide-range of policy that will suit everyone's needs.
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[H3] Manjunath
QuotationI was recently involved in a payout request. They helped me with the smooth process to get the amount.
[IMG: Profile]
[H3] Abha
QuotationI have been associated with Shriram for a period of time. They have prompt and friendly service.
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[H3] Rasiya
View more

Life Insurance PlansShriram Life Early Cash PlanOverview
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Earn from Your Savings with Shriram Life Early Cash PlanEarn from Your Savings with Shriram Life Early Cash PlanCloseOTP Verification Please Enter OTP that has been sent to your registered Mobile Number +91 Sticky TabOverviewFeatures & BenefitsDownloadsCalculatorsCoveragesHow to Apply ComponentsClaim Process Eligibility FAQ's
[H1] Shriram Life Early Cash Plan
Protect your family's financial future todayApply now
[H2] What is Shriram Life Early Cash Plan?
Presenting Shriram Life Early Cash Plan (UIN: 128N093V04) is a non-linked participating individual Savings life Insurance Plan, a plan that combines the much-needed life insurance protection with cash bonus assured at minimum 2% p.a.of Sum Assured for non whole life policies and 1% p.a. of sum assured for whole life policies, payable throughout the policy term, starting from end of 1st policy month, minimum assured benefits on maturity, option to accumulate cash bonuses, if declared at compounding rates and many more. Buy Shriram Life Early Cash Plan online in just four simple steps Enjoy advanced protection via riders Pay affordable premiums online with a high sum insured Earn cash bonuses as per your preferred mode Claim tax benefits under income tax Choose from multiple policy term options to suit your needs Read More...
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[H2] Policy Type
Savings, Retirement, and Child Plans
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[H2] Policy Term
10 / 12 / 15 / 20/Whole Life
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[H2] Minimum Sum Assured
Minimum: ₹ 1,50,000 for other than whole life₹ 2,50,000 for Whole life
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[H2] Maturity Age
70 Years for other than whole life(Age last birthday)100 years for whole life(Age last birthday)
[H2] Features and Benefits of the Shriram Life Early Cash Plan
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[H3] Life Cover
Protect your family against financial uncertainties that they might face, should something unfortunate happen to you. For additional protection, choose from the 7 rider options available with this plan.
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[H3] 2 Bonus Options – Early Cash and Super Growth
You can choose any of the above two bonus options under this plan. With the Early Cash Option, you can receive cash bonus as annual income throughout the policy term as well as a lump sum at maturity, With Super Growth Option you can accumulate cash bonuses till maturity to receive a larger lump sum at maturity. Choose the option that suits your needs the best.
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[H3] Cash Bonus guarantee
For both the options, the cash bonus is guaranteed to be minimum of 2% p.a of the Sum Assured for non whole life policies and 1% p.a. of sum assured for whole life policies, payable throughout the term of the plan.
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[H3] Cash Bonus as Income from 1st policy month&
Cash bonus will be declared from 1st policy month till the end of the policy term. This helps you in managing your regular expenses.
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[H3] Power of Compounding*
Bonuses are declared on Sum Assured and accumulated Early Cash Bonuses. Terminal Bonus (if declared) too is paid on accrued cash bonuses. This helps you save more towards your major financial goals and counteract the effects of inflation.Know more
[H2] Best Selling plans
Most of our products are popular. Among these, the best-selling products are listed below.
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[H3] Shriram Life Assured Income Plans
Shriram Life Assured Income Plan offers low premium payment plans, better benefits for higher premiums and life insurance coverage.Know more
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[H3] Shriram Life Early Cash Plan
The Shriram Life Early Cash Plan is a non-linked, participating, individual savings life Insurance plan that provides the twin benefits of insurance and savings.Know more
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[H3] Shriram Life Super Income Plan
Shriram Life Super Income Plan is a non-linked non-participating individual savings life insurance plan that allows policy holders to get insurance as well as generate money.Know more
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[H3] Shriram Life Premier Assured Benefit
Shriram Life Premier Assured Benefit is a non-linked, non-participating earning plan to fulfil your future financial goals. This flexible plan comes with two life covers and three flexible payout options.Know more
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[H3] Shriram Life Golden Premier Saver Plan
Shriram Life Golden Premier Saver Plan is a non-linked, participating savings plan with the dual benefits of insurance protection and savings creation.Know more
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[H2] How to Apply for Shriram Life Early Cash Plan?
You can apply online for the Shriram Life Early Cash Plan online in just four simple steps:
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[H3] Step 01
Enter your Name, Mobile Number and Email Id
[H3] Step 02
Verify your Mobile Number and Basic details
[H3] Step 03
Select Premium Details
[H3] Step 04
Purchase Your PolicyKnow more
[H2] How to Claim for Shriram Life Early Cash Plan?
You can submit Death Claims, Disability Claims, Cancer Care Claims and Critical Illness Claims for your Shriram Life Early Cash Plan online on our website by following the simple steps provided below:DeathCritical IllnessDisabilityHealth ClaimDeath
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[H3] Step 01
Visit the claim centre on our website and select the 'Intimate claim' button
[H3] Step 02
In the dropdown menu, choose 'death' under 'Request Type'
[H3] Step 03
Fill in the details of the insurer, death event, and details of the doctor who declared the demise (doctor is non-mandatory)
[H3] Step 04
Fill the personal and bank details of claimants and upload the documents
[H3] Document Info Uploading
Death certificate issued by local body/municipal bodyNominee bank passbookPostmortem reportClaim form BClaim form APolicy documentHospital summary/hospital recordsNominee ID proof (ID proof/address proof)FIR/Panchnama/inquest report and final investigation reportSignature of the claimantCopy of driving licence if life assured was driving the vehicle at the time of the accident (applicable if rider is opted)NEFT mandate form Claims form C and E wherever applicableCritical IllnessDisabilityHealth ClaimAfter submission, you will be receiving instant notifications and updates regarding the processing status of the claim. Please note that clear document records will ensure quick claim processes. For death claims, we would request you to please reach out to us as soon as possible and initiate the claim process. For processing death claims faster, we request you to please reach out to your nearest Shriram Life Insurance branch.Know more
[H2] Eligibility and Documents Required for Shriram Life Early Cash Plan
If you want to become protected under the Shriram Life Early Cash Plan, you need to fulfil the following eligibility criteria:Eligibility CriteriaLimitsAge at Entry3 to 55 yearsPolicy Term10/12/15/20/Whole LifePremium Paying Term6-15 years (depending upon the policy term)Premium ModeMonthly, quarterly, half-yearly, yearlySum AssuredMinimum: ₹ 1,50,000 for other than whole life₹ 2,50,000 for Whole lifeMaximum: No LimitSubject to Board approved underwriting policy.View more
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[H3] What does the Shriram Life Early Cash Plan cover?
The Shriram Life Early Cash Plan is a comprehensive plan for those looking to enjoy the twin benefits of insurance and savings in a single policy. The policy comes with varying tenures, allowing you to select the one that best suits your needs. You get a life insurance cover to financially protect your loved ones from future uncertain events. Furthermore, the cash bonuses act as a great passive income for your income portfolio. Also, if you are looking to further grow your portfolio, then you can go for the Super Growth Option to claim a higher cash bonus at the end.Know more
[H2] Premium Components of Shriram Life Early Cash Plan
As the Shriram Life Early Cash Plan is a non-linked participating individual savings life insurance plan, it provides the twin benefits of insurance and savings. Thus, the premium that you pay includes the following components:Know more
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[H3] Accident Benefit Rider (UIN 128B001V04)
In case of death or total and permanent disability due to accident during the rider term, we will pay 100% of the rider sum assured. Also, if the life assured becomes totally and permanently disabled in an accident, we will waive off all the future premiums under the policy. The benefit under this rider is applicable only once during the rider term.
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[H3] Family Income Benefit Rider (UIN 128B002V04)
In the event of accidental death or if the life assured becomes totally and permanently disabled due to an accident within the rider term, 1% of rider sum assured is payable every month immediately from the end of month of accident for a guaranteed period of 10 years or till the end of the rider term whichever is higher.
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[H3] Shriram Extra Insurance Cover Rider (UIN 128B009V03)
In case of unfortunate event of death of the life assured during the rider cover term, sum assured under rider will be paid to the nominee.
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[H3] Shriram life Critical Illness Plus rider (UIN 128B016V02)
If you are diagnosed to be suffering from any of the 24 specified Critical Illnesses, we will pay 100% of the rider Sum Assured on survival of 30 days following the date of first confirmed diagnosis. This rider also gives you an upside of increments in your rider Sum Assured through Loyalty Additions.Know more
[H2] Download Documents for Shriram Life Early Cash Plan
All policy-related documents are easily available online on the Shriram Life website for the comfort and ease of our customers. You can simply visit our website www.shriramlife.com, go to the download section on the policy page and download the policy document, prospectus and presentation.ProspectusPresentationPolicy Document
[H2] Testimonials
What our customers say about usQuotationI was recently involved in a payout request. They helped me with the smooth process to get the amount.
[IMG: Profile]
[H3] Abha
QuotationI have been associated with Shriram for a period of time. They have prompt and friendly service.
[IMG: Profile]
[H3] Rasiya
QuotationShriram life insurance products are worth every penny. I am happy with their service.
[IMG: Profile]
[H3] Nagamani
QuotationI am associated with Shriram life insurance for more than a decade. They have a wide-range of policy that will suit everyone's needs.
[IMG: Profile]
[H3] Manjunath
QuotationI was recently involved in a payout request. They helped me with the smooth process to get the amount.
[IMG: Profile]
[H3] Abha
QuotationI have been associated with Shriram for a period of time. They have prompt and friendly service.
[IMG: Profile]
[H3] Rasiya
View more

Life Insurance PlansShriram Life New Shri Vidya PlanOverview
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Secure your child's future today with the Shriram Life New Shri VidyaSecure your child's future today with the Shriram Life New Shri VidyaCloseOTP Verification Please Enter OTP that has been sent to your registered Mobile Number +91 Sticky TabOverviewFeatures & BenefitsDownloadsCalculatorsCoveragesHow to ApplyComponentsClaim ProcessEligibilityFAQ's
[H1] Shriram Life New Shri Vidya Plan
Protect your family's financial future todayApply now
[H2] What is Shriram Life New Shri Vidya Plan?
our child’s future is the most important concern for you. With the soaring educational expenses in today’s life, giving good education will be tough unless it is planned. We have Shriram New Shri Vidya (UIN: 128N051V03) plan designed for you to make your child’s aspirations come true. The plan offers survival benefits to adjust according to your child’s education requirements and also insurance cover in case of any unfortunate event happens to you Shriram Life New Shri Vidya is a non-linked participating plan that earns a bonus to enhance the corpus. Get an additional benefit in the case of death during the policy tenure. Shriram Life New Shri Vidya pays guaranteed money-back benefits in the last four policy years. Additionally, you can opt for three riders when you buy the plan online to enhance the scope of coverage. Choose a high sum assured to enjoy premium rebates that make the premium affordable. Read More...
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[H2] Product Type
Savings and Child Plans
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[H2] Premium
Starting from ₹8,000 annually
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[H2] Policy type
Non-linked, participating, individual savings plan
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[H2] Sum assured
Starting from ₹1 lakh
[H2] Features and Benefits for Shriram Life New Shri Vidya
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[H3] Savings Creation
Shriram Life New Shri Vidya is a savings-oriented life insurance policy that helps you create a corpus for your child's future needs.
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[H3] Regular Money-backs
The money-back benefits give liquidity in the last four years of the policy.
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[H3] Death Benefit
The death benefit helps in providing additional financial assistance for your child's future.
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[H3] Additional Bonus
Simple reversionary bonuses and terminal bonus help in enhancing the corpus.
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[H3] Add-on Riders
The optional riders allow you to enjoy an inclusive scope of coverage. Choose from the three riders available as per your needs.
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[H3] Premium Rebates for Higher Coverage
Select high sum assured and enjoy premium rebates that bring down the premium outgo.Know more
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[H2] How to Apply for Shriram Life New Shri Vidya?
You can apply online for Shriram Life New Shri Vidya in just four easy steps to submit your application:
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[H3] Step 01
Please enter your Name and Mobile number and Email address
[H3] Step 02
Verify your Mobile Number and Basic details
[H3] Step 03
Select Premium Details
[H3] Step 04
Purchase Your PolicyKnow more
[H2] How to Claim for Shriram Life New Shri Vidya?
You can submit Death Claims, Disability Claims, Cancer Care Claims and Critical Illness Claims for your Shriram Life New Shri Vidya online on our website by following simple steps provided below:DeathCritical IllnessDisabilityHealth ClaimDeath
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[H3] Step 01
Come to the claim center, select intimate claim Button
[H3] Step 02
Choose in the dropdown Request Type - death
[H3] Step 03
Fill the details of insurer, death event, details of doctor who declared death (Doctor -Non mandatory)
[H3] Step 04
Fill the personal and bank details of claimants and upload the documents
[H3] Documents to be uploaded
Death certificate issued by Local Body/Municipal BodyNominee bank passbookPostmortem reportClaim form BClaim form APolicy DocumentHospital Summary/Hospital recordsNominee ID proof (ID proof /address Proof)FIR/ Panchnama / Inquest Report and final investigation reportUpload Signature of claimantCopy of driving license if Life Assured was driving the vehicle at the time of accident (applicable if Rider is opted)NEFT mandate form Claims form C and E wherever applicableCritical IllnessDisabilityHealth ClaimAfter submission, you will be receiving instant notifications and updates regarding the processing status of the claim. Please note that clear document records will ensure quick claim processes. For death claims, we would request you to please reach out to us as soon as possible and initiate the claim process. For processing death claims faster, we request you to please reach out to your nearest Shriram Life Insurance branch.Know more
[H2] Eligibility and Documents Required for Shriram Life New Shri Vidya
Entry Age
18 to 50 Years
Available Policy Terms
10/15/20/25 Years
Choice of Premium Paying Term
8 / 10 / 15 / 20 / 25 years
Premium Mode
Yearly, Half-Yearly, Quarterly, Monthly
Minimum Annual Premium
Starting from ₹8,000
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[H3] What is Covered under Shriram Life New Shri Vidya?
The Shriram Life New Shri Vidya covers the risk of a premature demise. If the life insured passes away during the policy tenure, the sum assured on demise and accrued reversionary bonuses are paid. In addition to this, an additional death benefit is also paid, which includes the discounted value of the payback benefits paid in the last four years of the plan and a family income benefit of 1% of the sum assured for a minimum of 36 months.If the life insured survives the policy tenure, survival benefits of 25% of the sum assured are paid in each of the last four years of the policy tenure. On maturity, the accrued reversionary bonus and any terminal bonus are paid.Know more
[H2] Premium Components of Shriram Life New Shri Vidya
The premium components of Shriram Life New Shri Vidya is calculated considering the risk premium, the rider premium and any loadings thereof. You can also claim rebates for high sum assured that bring down the premium payable. The premium components for Shriram Life new Shri Vidya are as follows -Know more
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[H3] Insurance
Shriram Life New Shri Vidya covers the risk of premature demise and pays an enhanced death benefit. The premium paid for the coverage falls under this category.
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[H3] Savings
The plan also helps you create a secured corpus for your child's needs. A part of the premium is used for this corpus creation.
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[H3] Accident Benefit Rider
You get additional coverage against accidental death and disablement. If the insured dies in an accident or becomes permanently disabled, the rider benefit is paid. The future premiums are also waived off in case of a disability.
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[H3] Shriram Extra Insurance Cover Rider
You get additional coverage in the case of demise during the policy tenure.
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[H3] Shriram Life Critical Illness Plus Rider
The rider covers 24 critical illnesses. If the insured suffers any covered illness, 100% of the rider benefit is paid in a lump sum.
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[H3] Rebates
You can get premium rebates if you choose a sum assured of ₹5 lakhs and above.Know more
[H2] Downloads
All the policy related documents are easily available online on the website for the comfort and ease of all our customers. You can simply visit our website www.shriramlife.com. go to the download section in the policy page and download the policy document, prospectus and presentation.ProspectusPresentationPolicy document
[H2] FAQ's
What type of policy is Shriram Life New Shri Vidya?Shriram Life New Shri Vidya is a savings-oriented money-back policy which also earns bonus declarations. The policy doubles up as a child insurance plan for education and helps you save for the higher education of your children.What are bonus declarations?When the insurance company earns a profit, a part of the profit is distributed among policyholders through bonuses. So, bonus declarations are added benefits that you can get on the policy.Does the Shriram Life New Shri Vidya plan offer an assured bonus? Bonus is not assured for the Shriram New Shri Vidya plan, as it depends on the profit earned by Shriram Life each year. The bonus is declared based on the company’s profit, and the value varies yearly.How is the bonus calculated for the Shriram New Shri Vidya plan?The bonus for the Shriram New Shri Vidya plan is calculated based on the sum assured. For instance, if the bonus is declared at 5% and the sum assured is ₹10 lakhs, you will get a bonus of ₹50,000.What is the meaning of a money-back plan?A money-back plan pays a part of the sum assured at specified intervals during the policy term. Shriram Life New Shri Vidya is a type of money-back policy that pays the sum assured in instalments over the last four years of the policy.
[H2] Testimonials
What our customers say about usQuotationI was recently involved in a payout request. They helped me with the smooth process to get the amount.
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[H3] Abha
QuotationI have been associated with Shriram for a period of time. They have prompt and friendly service.
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[H3] Rasiya
QuotationShriram life insurance products are worth every penny. I am happy with their service.
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[H3] Nagamani
QuotationI am associated with Shriram life insurance for more than a decade. They have a wide-range of policy that will suit everyone's needs.
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[H3] Manjunath
QuotationI was recently involved in a payout request. They helped me with the smooth process to get the amount.
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[H3] Abha
QuotationI have been associated with Shriram for a period of time. They have prompt and friendly service.
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[H3] Rasiya
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