Shriram Grameena Suraksha Plan

• Reduce taxable income by up to Rs. 1,50,000 deduction under section 80C**
• Convenient payment options - annual, half-yearly, quarterly or monthly premium payments
• Do more with plans that offer pure protection, retirement planning and investment options

Shriram Grameena Suraksha Plan is a micro-insurance term plan that is very affordable. It is a non-participating and a non-linked plan. You can go for a pure term assurance plan or a term assurance plan with a refund of premiums when your policy matures. This plan is designed specifically for the economically weaker sections of the society.

Eligibility – Who is the Shriram Grameena Suraksha Plan for?

This plan offered by Shriram Life Insurance caters to the insurance requirements of people living in rural areas. It provides great financial assurance for your family when something unfortunate happens to you. With this plan, you will be able to procure death benefit, tax benefits, and maturity benefit. Let us take a look at the eligibility criteria that needs to be met while applying for the Shriram Grameena Suraksha Plan:

Sum Assured and Premium Range – What you get and what it costs?

The Shriram Grameena Suraksha Plan offers death sum assured for Option 1 and Option 2. If you have taken Option 2, you will get maturity sum assured.

Premiums vary based on age, location, plan term and other factors.

Plan Coverage – What the Shriram Grameena Suraksha Plan covers?

The plan offers extensive coverage for both death and policy maturity under two options. Let us take a look at what this plan covers:

Exclusions – What the Shriram Grameena Suraksha Plan doesn’t cover?

Generally, insurance plans come with certain exclusions. Exclusions are certain aspects that are not covered by a particular insurance plan. When you are applying for the Shriram Grameena Suraksha Plan, you can contact your insurance advisor for full information about what the plan does not cover.

Other Key Features – Free-look Period, Surrender Values, Grace Period, etc.

The Shriram Grameena Suraksha Plan comes with a wide range of advantages that will keep you and your beloved family members financially safe. Let us take a look at the other important characteristics of this plan:

Tax Benefits – How you can save with the Shriram Grameena Suraksha Plan?

Generally, payment of insurance premiums will provide a policyholder with tax benefits and tax deductions. While applying for the Shriram Grameena Suraksha Plan, you can check with your insurance advisor if you will be receiving tax benefits.

Other Benefits – How you can save with the Shriram Grameena Suraksha Plan?

Let us take a look at the other salient advantages of this plan:

• You can contact the company by dialling the toll-free number at 1800-3000-6116 for instant support.
• You can fill the enquiry form that is available on the website of Shriram Life Insurance. After you submit this form, you will receive a call from a representative. You can get your queries clarified and you can take help to apply for a policy.
• You can renew your premiums online by visiting the company’s website. You can choose to login or you can utilise the Quick Pay option.
• The company accepts premium payments through net banking, credit cards, and debit cards.
• The risk factors for each plan is clearly mentioned in the official website of the company.
• The company has a help desk facility on its website with drop-down options including call support option, policy renewal option, meet an advisor option, branch locator option, and grievance redressal option.

Why should you buy the Grameena Suraksha Plan from Shriram Life Insurance?

Shriram Life Insurance is a remarkable private life insurance provider that has a brilliant track record of many years in serving millions of people. This organisation aims to extend its reach even to the commoners of the society. Shriram Life Insurance gives insurance plans without classifying individuals according to their strata or income levels. With the Grameena Suraksha Plan from the company, even the low-income groups of the country can have access to good insurance coverage. Shriram has user-friendly and simple processes for policy application and claim settlements. This characteristic of the company will encourage the underprivileged individuals to apply for an elementary insurance plan as insurance is extremely important for being financially independent when uncertain incidents occur.