Shriram Life Immediate Annuity Plus

Shriram Life Immediate Annuity Plus (UIN: 128N063V01) 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 for a single purchase price paid, the plan provides with a stream of regular income in the form of an annuity for the whole life.

KEY FEATURES

  • Annuity for life.

  • Annuity for life with return of 100% purchase price on death.

  • Annuity for life increasing @ 3% P.A. compound rate.

  • Annuity for life increasing @ 3% P.A. simple rate.

  • Annuity certain for 5 / 10 / 15 / 20 years and thereafter for life.

  • Joint life last survivor annuity with 50% annuity to last survivor on the death of the annuitant.

  • Joint life last survivor annuity with 100% annuity to last survivor on the death of the annuitant.

  • Joint life last survivor annuity with 100% annuity to last survivor on the death of the annuitant with 100% purchase price on death of the last survivor.

KEY BENEFITS

Maturity Benefits

On survival of the life assured up to the end of the policy term, no benefit will be payable.

Tax Benefits

Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.

Eligibility

ENTRY AGE

Minimum

0 Yrs

Maximum

85 Yrs

(As on last birthday)

POLICY TERM

Whole Life

PREMIUM PAYMENT MODE

  • Yearly
  • Half yearly
  • Quarterly
  • Monthly


MINIMUM ANNUITY*

Yearly: Minimum annuity per annum ranges from ₹ 20340 to ₹ 20085 based on the option selected from 8 options available under the plan

Monthly: Under all the options the minimum monthly annuity shall be ₹ 1000 per month.

*Not applicable for policyholders/nominees of the company’s deferred pension products

PURCHASE PRICE*

Minimum

3 Lakhs

Maximum

No limit, Subject to board approved underwriting policy

*Not applicable for policyholders/ nominees of the company’s deferred pension products.

MAXIMUM EXIT AGE

No maximum exit age. Policy will terminate upon death of annuitant

PREMIUM PAYING TERM

Single

Calculator

Click this link to calculate you premium.

RIDERS (Add Ons)

No riders available for this plan.

MORE

Disclaimer:

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.

IRDAI Regn No. 128
CIN: U66010TG2005PLC045616

BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRADULENT OFFERS
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

The Trade Logo displayed above belongs to Shriram Value Services Limited (“SVS”) and used by Shriram Life Insurance Company Limited under a License agreement.”

ARN – SLIC/Elec/Jan 2021/63

Read the brochure here

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