Shriram Life Super Income Plan

Shriram Life presents Shriram Life Super Income Plan specially designed to cater to long term financial needs of an individual & his family. These needs are fulfilled under the plan in the following ways –

  • Financial Security – Through Life Insurance cover till Age 75
  • Financial Stability – Through Guaranteed Monthly Income till Age 75 & the Lump Sum paid at Maturity
  • Financial Control – Through Flexibility to change Premium Payment Term

KEY FEATURES

  • Life insurance Cover till 75

  • Guaranteed Monthly Income till 75

  • Guaranteed Maturity Sum Assured

    • Wide range of Premium Payment Term

    • Flexibility to change Premium payment term

KEY BENEFITS

Maturity Benefit

In case of the survival of the life assured till the end of the policy term provided the policy is in force, “Guaranteed Maturity Sum Assured” will be paid and the policy is terminated.

Death Benefit

In case of death an amount equal to the “Death Sum Assured” or Surrender Benefit, whichever is higher and as applicable on the date of death, will be paid in lump sum to the nominee(s) or beneficiary (ies) and the policy is terminated. Any Super Income Benefit already paid will not be recovered from the death benefit.

Super Income Benefit

In case of survival of the life assured till the end of the premium paying term, provided the policy is in force, a Super Income Benefit of fixed monthly amount will be paid from the end of the premium paying term till the end of the policy term or until death, whichever is earlier.

Tax Benefits

Tax benefits as per prevailing tax laws.

For more details, refer the product brochure.

Eligibility

ENTRY AGE

Minimum

25 Yrs

Maximum

50 Yrs

MATURITY AGE

Maximum

75 Yrs (Fixed)

POLICY TERM (Yrs)

75 minus age at entry

PREMIUM PAYMENT TERM (Yrs)

10-25 Yrs

(Premium Paying Term plus Age at entry should not exceed 65 years)

Premium Range

Minimum (₹)

₹ 30,000*

Maximum (₹)

No Limit

(The premium shall be in multiples of ₹ 1000)
*Annualized Premium

SUM ASSURED

10 times annualised premium

(No extra premium, GST and cess)

PREMIUM PAYMENT MODE

  • Yearly
  • Half-yearly
  • Quarterly
  • Monthly

MORE

Disclaimer

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

  • 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