Shriram Life Assured Income Plan
Shriram Life Assured Income Plan (UIN: 128N053V01) a guaranteed income plan, is a solution to take care of all your potential cash flow requirements, thus ensuring the desired quality of life for you and your family.
Life cover for the full policy term.
Get assured regular income after the policy term.
Fixed policy term: 8 years or 10 years.
Additional protection through riders.
Longer the term higher the income.
More the premium more the returns.
Choice of multiple payment options.
Tax benefits for premiums paid and benefits received.
In case of survival of the life assured up to the end of the policy term and receipt of all the due premiums, the assured income payouts will be paid as scheduled at the start of each policy year after the end of the policy term during benefit payout period. However, the life assured will also have an option to take the assured benefit payouts in lump sum. The lump sum benefit will be the maturity sum assured. If the life assured dies after commencement of the assured income, the outstanding assured income payouts will continue as scheduled to the nominee or beneficiary.
In case of death of the life assured during the policy term, provided all the due premiums till the date of death have been paid, death sum assured will be paid. The death benefit will be paid to the nominee or beneficiary in any of the following option exercised:
- Lump sum
- Regular payouts
- 50% death benefit as lump sum and remaining 50% as regular payouts
58 / 60 Yrs
Rs. 1.2 / 1.5 Lakhs
Rs. 40 / 50 Lakhs
POLICY TERM (Yrs)
8 / 10 Yrs
PREMIUM PAYMENT TERM (Yrs)
8 / 10 Yrs
PREMIUM PAYMENT MODE
Rs. 5 Lakhs
RIDERS (Add Ons)
Accident Benefit Rider
Provides assistance to life assured, in the event of permanent / total disability due to an accident.
Extra Insurance Cover
Provides additional life cover against the payment of extra premium.
Critical Illness Cover
Provides a benefit to help cover medical and rehabilitation costs associated with critical ailments.
Family Income Benefit
Provides additional protection to the family for a nominal premium.
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