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Shriram Life · 128N072V01

Shriram Life Online Term Plan

Shriram Life Online Term Plan (IRDAI UIN 128N072V01) is a term life insurance plan for people aged 18 to 55 at entry, with cover up to age 75.

Premiums depend on age, cover, city, health and the options you choose. Where the insurer published a premium, the figure shown is for the exact profile stated next to it; your premium will differ. Comparezi does not sell insurance or give advice: check the insurer's prospectus and policy wording, which prevail.

In short

Shriram Life Online Term Plan is a term life insurance plan from Shriram Life. Key specifications: maximum entry age 55 years, maximum maturity age 75 years, death claims settled (insurer) 98.31%.

Sample premium ₹7,343 a year*

*For: 30 year old Male, 30 year term, Rs 1 Crore cover, Lump Sum Option, No Optional Cover, preferred non-smoker category, per annum ('premiums which start as low as'). Tax treatment not stated.. Your premium will differ.

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Maximum entry age
55 years
Maximum maturity age
75 years
Death claims settled (insurer)
98.31%

Cons

  • Cover ends earlier than 85% of the 27 term life insurance plans on Comparezi that state it (age 75)
  • Lower maximum entry age than 86% of the 29 term life insurance plans on Comparezi that state it (age 55)

Who should avoid it

  • Not ideal for Cover to an older age · What matters most? (pick any) #24 of 29
  • Not ideal for Insurer's claim payout record · What matters most? (pick any) #22 of 29

Full specifications

Eligibility

Minimum entry age 18 years
Maximum entry age 55 years
Maximum maturity age 75 years
Policy term 10 to 57 years (Lump Sum option); 20 to 47 years (Monthly Income / Lump Sum + Monthly Income)
Minimum sum assured ₹25,00,000
Maximum sum assured Rs 10 crores

Plan

Plan options Lump Sum, Monthly Income, Lump Sum + Monthly Income
Premium payment Regular: premium payment term equal to policy term; Yearly, Half Yearly, Quarterly, Monthly
Return of premium option No
Death benefit payout Lump Sum; Monthly Income of 1% of Sum Assured (till end of policy term or at least 10 years, whichever is later); Lump Sum + Monthly Income (50% of SA lump sum and 0.5% of SA monthly)
Terminal illness benefit Yes
Waiver of premium Inbuilt: all future premiums (including optional benefits) waived on Total and Permanent Disability due to Accident

Premium

Sample annual premium ₹7,343
Sample premium is for 30 year old Male, 30 year term, Rs 1 Crore cover, Lump Sum Option, No Optional Cover, preferred non-smoker category, per annum ('premiums which start as low as'). Tax treatment not stated.

Insurer

Death claims settled (insurer) 98.31%
Claims figures for FY 2024-25: individual death claims paid out of claims decided and pending, by number, computed from IRDAI Handbook on Indian Insurance Statistics (Table 15)
IRDAI UIN 128N072V01

About the Online Term Plan

Shriram Life Online Term Plan (IRDAI UIN 128N072V01) is a term life insurance plan for people aged 18 to 55 at entry, with cover up to age 75. It is one of 29 term life insurance plans on Comparezi, from Shriram Life.

Information only. Comparezi does not sell insurance, does not give advice and is not paid by insurers. The policy wording issued by the insurer prevails over this summary.

Eligibility and cover

  • Entry age: 18 to 55 years
  • Maximum maturity age: 75 years
  • Policy term: 10 to 57 years (Lump Sum option); 20 to 47 years (Monthly Income / Lump Sum + Monthly Income)
  • Minimum sum assured: ₹25,00,000
  • Maximum sum assured: Rs 10 crores

Plan options

  • Options: Lump Sum, Monthly Income, Lump Sum + Monthly Income
  • Premium payment: Regular: premium payment term equal to policy term; Yearly, Half Yearly, Quarterly, Monthly
  • Return of premium: Not covered
  • Death benefit payout: Lump Sum; Monthly Income of 1% of Sum Assured (till end of policy term or at least 10 years, whichever is later); Lump Sum + Monthly Income (50% of SA lump sum and 0.5% of SA monthly)
  • Terminal illness benefit: Covered
  • Waiver of premium: Inbuilt: all future premiums (including optional benefits) waived on Total and Permanent Disability due to Accident

How it compares on Comparezi

Of the 27 term life insurance plans on Comparezi with a stated maximum maturity age, 23 have a longer one and 3 have the same.

Premium

It depends on your age, cover, city and options. Shriram Life's own published premium table gives ₹7,343 a year for this profile: 30 year old Male, 30 year term, Rs 1 Crore cover, Lump Sum Option, No Optional Cover, preferred non-smoker category, per annum ('premiums which start as low as'). Tax treatment not stated. Your premium will differ; get a quote from the insurer.

About the insurer

Shriram Life paid 98.31% of individual death claims in FY 2024-25 (by number of claims, computed from IRDAI's published claim counts).

Similar plans from other insurers

Sources

Checked 6 November 2026. Values the documents do not state are left out rather than estimated. See how Comparezi checks data.

Alternatives

Alternatives to the Online Term Plan

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Head to head

Compare the Online Term Plan

Questions

Online Term Plan FAQs

It depends on your age, cover, city and options. Shriram Life's own published premium table gives ₹7,343 a year for this profile: 30 year old Male, 30 year term, Rs 1 Crore cover, Lump Sum Option, No Optional Cover, preferred non-smoker category, per annum ('premiums which start as low as'). Tax treatment not stated. Your premium will differ; get a quote from the insurer.

128N072V01. The UIN identifies the exact product version filed with IRDAI; check it on your policy documents.

From 18 years to 55 years; limits can differ by plan option.

Up to age 75 at most; the limit can differ by plan option.

No. It is a pure term plan without a return-of-premium option.

98.31% of individual death claims were paid in FY 2024-25, by number of claims, computed from IRDAI's published claim counts. It is an insurer-wide figure, not one for this plan.

Data sources

  • Manufacturer official pages

Last updated

Product details

Disclosure

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