SHRIRAM LIFE INSURANCE, A SMART WAY TO ENHANCE YOUR PROTECTION LEVEL

Shriram Life Insurance is fast becoming one of the most popular insurers of India. The company has some very good insurance products that help you to ensure as well as invest. With many products, an excellent customer support team and a high claim settlement ratio, Shriram Life Insurance is indeed a great insurance company to get associated with.

Available insurance options from Shriram Life

Let us take a look at some of the best products from Shriram Life Insurance:

1. Life insurance plans:

Shriram Life has some of the best life insurance plans on offer. These plans have some unique features that help you stay protected and also secure the futures of your loved ones. Some of the most popular life insurance plans from Shriram Life are:

• Genius Assured Benefit Plan
• New Shri Life Plan
• New Shri Raksha Plan

2. Term insurance plans:

If you are indeed looking for a smart way to enhance your protection level, the Shriram Life Secure Plus Plan is a very good option for you. This is a wonderful term insurance plan that secures your life at a low cost. Your kin will get a sum assured if you die prematurely within the policy period. If you outlive the policy term, you won’t get anything in return. It is a straightforward term plan and is considered to be one of the best term plans available in India these days.

3. ULIPs:

If you like taking a little risk with your money, the ULIPs or the unit linked insurance plans from Shriram Life Insurance are good for you. There are two plans to consider here – the Shriram Wealth Plus Plan and the Shriram Fortune Builder Plan.

4. Pension plans:

Shriram Life Insurance’s Immediate Annuity Plus plan is specially designed for those who are looking for a regular source of income after their retirement. The immediate annuity plan allows you to invest your money in a systematic and disciplined manner. You get your life insured and also set up a fund to provide you with a monthly income to take care of your financial requirements once your regular salary stops.

5. Child plans:

Every parent wants to secure the future of their child and ensure that even in their absence the child doesn’t have to suffer even for one day. The child plans like the New Shri Vidya Plan from Shriram Life Insurance help you in doing just that. This is one of the most popular child plans in India and has some wonderful features that help you in investing for your child’s future while ensuring your own life too.

Conclusion 

As you can see, Shriram Life Insurance has some of the best life insurance plans on offer. So if you are looking for some really smart ways to enhance your protection level, consider getting a suitable plan from Shriram. There are many options available and depending on your life situation and requirements, you can choose a plan that suits you the best.

Source: Source: Shriram Life Insurance, A Smart Way to Enhance Your Protection Level

OPTIMAL INSURANCE COVERAGE EXPLAINED BY INDIAFIRST LIFE INSURANCE

Optimal insurance coverage refers to the best possible insurance coverage that a person can get. The optimal insurance coverage, quite obviously, therefore, defers from person to person. This is mainly because the insurance needs of one person are different from those of another person. To understand what your optimal insurance coverage should be, and what kind of plan you should buy from a leading insurer like IndiaFirst Life Insurance, you have to analyze a few factors. In this article, we discuss the factors and help you understand the concept of optimal insurance coverage. Take a look.

What are the factors that determine the optimal insurance coverage?

The factors to consider when deciding your optimal insurance coverage include:

Dependents:

Life insurance is bought with one main objective – to secure the futures of your loved ones after your death. So you have to see how many dependent family members you have. Your insurance coverage should be large enough to provide for all of them in your absence. Thus, you will have a higher optimal insurance coverage if you have dependent parents, a spouse and two kids as compared to your friend who is single and lives with his mother.

Financial liabilities:

Next, you have to calculate what your financial liabilities are. If you have a few loans to repay, you will have to take that under your optimal insurance umbrella. This is because if you die suddenly, your kin should not have to dip into their savings to pay off your liabilities. Your insurance coverage should be able to take care of that. In addition to this, you also have to take your monthly bills, the costs of your children’s education, your parent’s healthcare expenses, etc into consideration.

Other incomes:

The sum assured from your life insurance policy should work to replace your income after your demise. If you are the sole breadwinner of your family, your optimal insurance coverage will be higher. If however there are other sources of income in the family, like your parents’ pension, spouse’s salary, rent from a property, etc, the coverage can be lower.

Health condition:

An accident can happen at any time and you can lose your life unexpectedly. However, under normal circumstances, a healthy person is likely to live longer than a person who is battling an illness. Your optimal insurance cover will be higher if you are unwell. It, therefore, is always a good idea to get a health test done before buying a life insurance policy from a big insurance provider life IndiaFirst Life Insurance. The test provides a realistic picture and helps you in calculating your optimal health insurance coverage.

The bottom line

So as you can clearly see from the points mentioned above, the optimal insurance coverage is different for everybody. Keep the above-mentioned factors in mind when you calculate your optimal insurance coverage. It is very important for you to know what your ideal coverage should be before you buy a life insurance plan from IndiaFirst Life Insurance or any other insurance provider of your choice. If your insurance coverage is insufficient, your loved ones will not get the maximum benefits out of it in your absence.

Source: OPTIMAL INSURANCE COVERAGE EXPLAINED BY INDIAFIRST LIFE INSURANCE

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