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Shriram Group Term Life Insurance
Shriram Group Term Life Insurance




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Shriram Group Term Life Insurance Premium

1 Premium
1.1 Minimum Premium
1.1.1 Min Premium
Kotak Preferred..
Not Available
Rank: N/A (Overall)
HDFC Life Group Credit Protect Insurance Plan Premium
1.1.2 Min Premium (Variable)
Depends on sum assured, group type and the size of the group
1.2 Maximum Premium
1.2.1 Max Premium
Metlife Traditi..
Not Available
Rank: N/A (Overall)
HDFC Life Pradhan Mantri Jeevan Jyoti Bima Yojana Premium
1.2.2 Max Premium (Variable)
No Limit
1.3 Payment Options
Regular Pay, Single Pay
1.4 Regular Modes
Annual, Monthly, Quarterly, Semi-Annual
1.5 Top Up
Not Allowed
1.5.1 Top Up Value
Kotak Invest Ma..
Not Available
Rank: N/A (Overall)
Pension Plus Premium

Shriram Group Term Life Insurance Premium Payment

Shriram Group Term Life Insurance premium payment mode/s includes Regular Pay and Single Pay. Shriram Group Term Life Insurance Benefits can be availed only after payment of all the premiums is done. Regular payment includes payment of premium at specific intervals. Limited payment includes payment of premium for a specific amount of time say 3 to 5 years whereas Single payment refers to payment of a lump sum amount of money in one go.

Shriram Group Term Life Insurance Premium Amount

Shriram Group Term Life Insurance premium amount indicates the minimum premium or maximum premium one can pay towards their insurance plan. Premium is the amount of money you have to pay to the life insurance company against your life cover. Some companies impose a limit on minimum and maximum premiums one can pay towards a single policy drawn. Sometimes this limit is fixed irrespective of the amount of sum assured whereas for some plans these values vary according to the type of plan, minimum sum assured, age of the life insured, etc. Details of premium limits for Shriram Group Term Life Insurance are as follows:

  • Fixed Minimum Premium: Not Mentioned
  • Variable Minimum Premium: Depends on sum assured, group type and the size of the group
  • Fixed Maximum Premium: Not Mentioned
  • Variable Maximum Premium: No Limit

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.

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