Shriram Life Pension Plus

Shriram Life Pension Plus (UIN: 128L065V01) helps you meet your retirement goals by building a large corpus on vesting for investment thereby enabling the policyholder to have a steady regular income for life by purchasing an immediate annuity policy. The plan offers four types of funds to choose for investing premiums under this plan.

KEY FEATURES

  • No maximum limit on top up premium.

  • Four types of investment funds.

  • Loyalty additions

KEY BENEFITS

Vesting Benefits

On survival of the policyholder up to the end of the policy term, higher of:

  • Total Fund Value
  • Assured vesting benefit will be paid.

Death Benefits

In case of death of policyholder during the policy term, higher of:

  • Total Fund Value
  • Assured death benefit
    will be paid to nominee and policy will be terminated.

Eligibility

ENTRY AGE

Minimum

20 Yrs

Maximum

65 Yrs

(As on last birthday)

VESTING AGE

Minimum

40 Yrs

Maximum

80 Yrs

(As on last birthday)

POLICY AND CORRESPONDING PREMIUM PAYMENT TERM (Yrs)

Term

10

15 to 19

20 to 35

PPT

6

6/10

6/10/15

MINIMUM PREMIUM

Rs. 1 Lakh / Rs. 48,000* / Rs. 25,000*

Single / Limited / Regular

*Limited & Regular Premiums are yearly as stated and Rs.4000 monthly for both

MAXIMUM PREMIUM

No limit, subject to Board approved underwriting policy

PREMIUM PAYMENT MODE

  • Yearly
  • Monthly(ECS mode only)

POLICY TERMS

10, 15 to 35 years

Calculator

Click this link to calculate you premium.

RIDERS (Add Ons)

No riders available.

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Disclaimer

  • For more details on the risk factors, terms and conditions please read the sales brochure and/or sample policy document on our website carefully and/or consult our advisor.

  • Tax benefits are subject to change as per tax laws. Please consult your tax consultant on tax benefits.

Read the policy document here

Read the brochure here