Online Life Insurance Plans

An insurance plan is essential to secure one's life. There are innumerable reasons for why one needs to buy insurance for oneself. Offering financial protection to one's family, creating enough corpuses to fulfill various responsibilities and dreams, ensuring timely and accurate medical assistance to oneself and to dependents, etc. are a few of such reasons.


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.
Plan Details

Online Plan

With the introduction of Online Life insurance Plans, it has become all the more easy of a buyer to get a life insurance plan. Now you can sit at home and buy a suitable insurance, suiting your needs and preferences. With just a few clicks of the button, you can ensure financial security and a comfortable life for yourself and your family.

Why Online Life Insurance Plans:

  • Lesser purchase cost: As, here the consumers buy the life insurance plan directly from the company, without the involvement of any intermediaries, the purchase rates is comparatively lower. With the absence of intermediaries, there are no commission charges as well as reduced operational charges resulting in lesser cost and more benefits to the policyholder.

  • Larger Cover: Because of the lesser add-on costs on the company, it provides more insurance coverage to the online policy buyer in comparison to the one who buys plans via traditional methods.

  • More Transparency: Policyholder can access all the information regarding the insurance plan such as its terms and conditions, features, etc., on the company's website. They can also compare between various plans and features with the help of information available, making the evaluation more accurate and easier.

  • Easier to do background check: The buyer can check on the past records of the insurance company and the collective experience of the people with the certain insurance plan through online forums, websites and social media. This assists the policyholder in making an informed decision.

  • More Convenient: It is comparatively much easier to buy an insurance plans online. Once you have evaluated every feature, you can buy your chosen plan in in just a few clicks.

  • Tax benefits: Policyholder gets tax benefits based on the relevant tax laws.

  • Less time consuming: The policyholder can revise or make required changes to his/her policy with accuracy and in lesser time, either by contacting the call center or via given online methods.

Key Features:

  • In case of an unfortunate event such as death of the policyholder, the beneficiary needs to contact the help center and coordinate accordingly for the claim settlement.

  • In online insurance, policyholder does not get any rider benefits or extended individual support.

  • In most of the online insurance plans, the premiums are fixed based on various influencing factors such as cost of medical tests, mortality rates, marketing costs, etc. However, the amount of premium differs with every insurance company.

  • Primarily only a few steps are required for buying an insurance plan which are selecting a suitable insurance plan based on your requirements, risk appetite, etc., calculating your premium and benefits, filling up the application form and then making the payment.

Things to be careful of :

Although there are many benefits of buying an online insurance plans, one needs to be aware of the fact that unlike in case of traditional insurance buying, there is no support from advisories for evaluating the plans. Hence, the complete responsibility falls on the buyer himself. It becomes inevitable for the buyer to learn everything about the insurance that he/she is planning to buy.

It is essential to fill the insurance application without any errors. For instance, discrepancies in disclosure of material information or missing any information can affect the process of claim settlement later.

Renew Online

Now, Pay your Policy Premium Online through Credit / Debit Card or Netbanking.

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