Shriram Life Assured Income Plus
Shriram Life Assured Income Plus (UIN: 128N060V02) is a non-linked non-participating endowment assurance plan. This plan caters to the of customers who wish to invest only for a minimum fixed duration and reap annual benefits even after maturity.The plan offers life cover of minimum 10 times the annualized premium for age up to 50 years and 7 times the annualized premium for ages 51 years and above.
Guaranteed income in installments from maturity.
Payment of premiums for limited period only.
The plan offers life cover of minimum 10 times the annualized premium for age up to 50 years and 7 times the annualized premium for ages 51 years and above.
On survival of the life assured up to the end of the policy term and provided all the premiums have been paid, sum assured will be paid in five equal annual installments i.e. 20% of sum assured will be paid at the end of every year after maturity.
In case of death of the life assured during the premium paying term, provided the policy is in force, “death sum assured” as defined in the brochure will be paid in lump sum to the nominee(s) / legal heir(s) of the Life assured and the policy will be terminated.
If the life assured dies any time after completion of policy term but before the commencement of installments, only the installments will be paid to the nominee(s) or beneficiary(ies). There is no lump sum option.
Rs. 1.5 / 3 Lakhs
Rs. 5 Crores
Rs. 65.10 Lakhs
POLICY TERM (Yrs)
PREMIUM PAYMENT TERM (Yrs)
PREMIUM PAYMENT MODE
- Monthly (ECS only)
Click this link to calculate you premium.
RIDERS (Add Ons)
No riders available
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