Premium Payment Options for Shriram Group Term Life Insurance
Premium payment options for Shriram Group Term Life Insurance are the ways in which premium can be paid by the life insured to Shriram Life Insurance Company. For this plan, options to pay the premium include Regular Pay and Single Pay. Some Shriram Group Term Life Insurance Provisions include riders in which premium payment can be waived off. Within regular pay mode, there five options through which premium can be paid. These options are: Annual payment, Semi-annual payment, quarterly payment, monthly payment and payroll savings program. Not all will be applicable for all the insurance plans.
Shriram Group Term Life Insurance Premium Top-up
Top up is a facility which is generally provided in Unit Linked Life Insurance Policies. Shriram Group Term Life Insurance premium top-up is an additional amount of money that can be paid along with the premium to get returns. Top up premium is not allowed for this plan. Top up premium can be used to acquire additional gains in a life insurance policy. It can be paid any time during the policy term at irregular intervals excluding the basic regular premium payment.