Life Insurance
We work very hard for our family, putting relentless efforts to fulfill our dreams. But what happens to them if destiny has some other plans? What if we are not around for them? Would we let that uncertainty just cloud our thoughts or protect our family against that uncertainty? Here comes the need for Life Insurance. That higher education of child, the medical expenses of parents and the grandness of child’s wedding should not be left to uncertainty and speculations. Life Insurance works to ensure that the family has adequate financial support with or without us. It also acts as a savings plan for the future for constant source of income after retirement and all the milestones of life.
The key to an effective insurance is to plan and start early. This not only ensures a lower planning amount (premium) but also gives benefit of a longer coverage period.
Why Life Insurance?
- HELPS ACHIEVE LONG TERM GOALS AND MILESTONES OF LIFE
- IT TAKES CARE OF YOUR FAMILY WHEN YOU ARE NOT AROUND
- HEDGING AGAINST DEBT
- LIFE INSURANCE SUPPLEMENTS YOUR RETIREMENT GOALS
- TAX SAVING PURPOSE
- PEACE OF MIND
Shriram Life Insurance
Shriram Life Insurance was incorporated in 2005 and it commenced business in 2006. Since the first year of operations, the company made profits in the first three consecutive years- becoming the only private life insurer to have achieved the distinction. Compared to industry peers after 7 years of operation, Shriram Life insurance was the most profitable life insurance company in the country. The company's performance stands out in efficient use of capital and low cost of operations.
Life insurance arm of Shriram Group has carried forward the group philosophy of financial inclusion by penetrating the unexplored segments. Shriram Life has significantly focused on Inclusive growth by taking life insurance to the section where it is needed the most -The 'AAM AADMI' (Common Man)
Sanlam, the second largest insurer in South Africa and Shriram's Insurance partner, is working closely with the group to take the Insurance Businesses to the next level in the coming years.
|
Head
|
Year
|
|
2008
|
2009
|
2010
|
2011
|
2012
|
| Income (INR cr)
|
392
|
488
|
625
|
834
|
662
|
| PAT (INR cr)
|
6
|
8
|
(18)
|
17
|
56
|
| Net Worth (INR cr)
|
142
|
150
|
133
|
200
|
256
|
To read more please visit www.shriramlife.com
Shriram Life Assured Income Plan
At Shriram Life, We understand your need for regular assured cash flows to meet your multiple financial needs like children's education, retirement, elderly parent's care and many more. Shriram Life Assured Income Plan, a guaranteed income plan, is a solution to take care of all these cash flow requirements,thus ensuring the desired quality of life for you and your family.
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Shriram Life Assured Income Plus
Shriram Life Assured Income Plus (UIN-128N060V02) is a non linked non participating endowment assurance plan. This plan caters the needs of the clients who want to pay premiums only for five years and to receive the benefits in five equal annual installments after maturity. The plan offers life cover of minimum 10 times the annualized premium for age up to 50 years and minimum 7 times the annualized premium for ages 51 years and above.
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Shriram Life Genius Assured Benefit Plan
Shriram Life Genius Assured Benefit Plan is a traditional plan where all the benefits are guaranteed. This plan offers a unique blend of life insurance and maturity benefit by paying premium for 10 years. This plan is ideal for you if you are looking for complete protection of your family and providing financial support to your child's dream.
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Shriram New Shri Life Plan
Shriram New Shri Life Plan (UIN-128N047V01)is a non linked participating endowment plan. Besides being a systematic savings option, the plan acts as a reliable protection tool to your family in case of any adverse mishap to you. Shriram New Shri Life Plan is ideal because of the potential upside of reversionary bonuses which may be added to your life cover year by year and also the meturity benefit.
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New Shri Vidya
Shriram New Shri Vidya Plan (UIN-128N051V01) is 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.
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Shriram New Shri Raksha Plan
Shriram Life New Shri Raksha Plan (UIN-128N052V01) is a non linked participating plan which offers double insurance cover during the term. The Plan also provides for whole life insurance cover after the policy term apart from sum assured on survival at maturity. At the same time the premiums paid twards this policy will be returned on maturity.
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New Shri Vivah
Wedding is an auspicious and lifetime event which brings joy and hapiness in one's life. To make it more memorable and happiest event, it has to be well planned and properly financed. We understand this responsibility of yours and stand beside you with our Shriram New Shri Vivah Plan.
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Shriram Ujjwal life-Regular
Shriram Ujjwal Life (UIN-128L034V02)is a regular premium unit linked plan designed to make you as a champion to reach your financial target. Be it your child's education, Daughter's Marriage or just a Peaceful Post Retirement Life. Beyond that the plan also protects your living family against uncertain future events.
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Shriram Life Wealth Plus
Shriram Life Wealth Plus (UIN-128L036V02)is offering you a Unit Linked Insurance Plan that protects your loved ones and also helps your investments grow and ensures they were protected financially even when you are not around, and at the same time maximize your investments and hence ask "Why not both Savings and Financial protection under a single Plan???!".
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Shriram Fortune Builder Insurance Plan
Shriram Fortune Builder Plan (UIN-128L038V02)is a single premium unit linked insurance plan designed for the individuals who do not have a regular cash flow to sustain a premium payment each year on due date, who travels a lot and won't remember premium due dates in mind & who have a lump sum amount available to complete their insurance requirement in one time.
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Shriram Ujjwal Life - SP
Shriram Ujjwal Life - SP (UIN-128L035V02)will make you to accomplish all your financial goals.
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Shriram Secure Investment Plan
Shriram Secure Investment Plan (UIN-128N048V01)is a one-time investment and insurance plan where you pay premium only once and get the dual benefit of alife insurance and investment return. This is an ideal plan to maximize the returns of your lump sum cash surplus.
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Immediate Annuity Plus
Shriram Life Immediate Annuity Plus is a non- linked and non-participating single premium immediate annuity assurance for individuals. The plan aims to provide a lifetime income stream post retirement. In exchange to the single purchase price paid, the plan provides with a stream of regular income in the form of an annuity for the whole life.
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