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Shriram Life Assured Income Plan
What is Shriram Life Assured Income Plan?
Shriram Life Assured Income Plan (UIN: 128N053V05) A Non-Linked Non-Participating Life Insurance Individual Savings Plan, offers low premium payment plans, better benefits for higher premiums, and life insurance coverage.
- Shriram Life Assured Income Plan offers low premium payment, better benefits for a higher premium and life insurance coverage.
- This plan can act as a financial cushion to you and your family during difficult times.
- The Shriram Life Assured Income Plan has a regular income option that can assist with monthly expenses.
- Riders are available at a nominal cost and offer extra protection for you and your family.
- The flexible policy term helps you plan your financial goals with ease.
Policy Type
Savings, Retirement, and Child Plans
Policy Term
8/10/12/15 years
Minimum Premium
₹15,000
Maturity Age
70 Years
Features and Benefits of Shriram Life Assured Income Plan
Assured Income
On maturity of the plan, you will receive assured income
Flexible terms and premiums
The plan has a flexible tenure and premium payment options.
Higher returns for higher terms
Get more from your plan by getting a policy with higher terms.
Additional protection
Riders are available with the plan to enhance the coverages.
Life insurance cover
The life assured will have the benefit of life insurance cover with this plan.
Higher benefits for higher premiums
A plan with a higher premium is eligible to receive higher benefits.
How to Apply for Shriram Life Assured Income Plan?
You can apply online for Shriram Life Assured Income Plan. Follow four easy steps given below to submit your application:
Step 01
Enter your Name and Mobile number and Email ID
Step 02
Mobile Number Verification and Basic details
Step 03
Select Premium Details
Step 04
Purchase Your Policy
How to Claim for Shriram Life Assured Income Plan?
You can submit death claims, disability claims, cancer care claims and critical Illness claims for your Shriram Life Assured Income Plan online on our website by following simple steps provided below.
Step 01
Come to the claim centre, select intimate claim Button
Step 02
Choose in the dropdown Request Type - death
Step 03
Fill the details of insurer, death event, details of doctor who declared death (Doctor -Non mandatory)
Step 04
Fill the personal and bank details of claimants and upload the documents
Document to be uploaded
- Death certificate issued by Local Body/Municipal Body
- Nominee bank passbook
- Postmortem report
- claim form B
- claim form A
- Policy Document
- Hospital Summary/Hospital records
- Nominee Id Proof(ID Proof /Address proof)
- FIR/Panchanama/Inquest Report and Final Investigation Report
- Upload Signature of claimant
- Copy of driving license if Life Assured was driving the vehicle at the time of accident (applicable if Rider is opted)
- NEFT Mandate form
- Claims form C and E wherever applicable
Eligibility and Documents Required for Shriram Life Assured Income Plan
You can apply online for Shriram Life Assured Income Plan. Follow the steps given below to submit your application
| Entry Age | 30 days to 55 Years |
|---|---|
| Policy Term | 8 / 10 / 12 / 15 years |
| Premium Paying Term | Same as Policy Term |
| Premium Mode | Yearly, Half-Yearly, Quarterly, Monthly |
| Minimum Annual Premium | Starting from ₹15,000 |
What are the coverages offered by Shriram Life Assured Income Plan
Shriram Life Assured Income Plan is preferable to other assured income plans mainly for its guaranteed benefits and flexibility in terms of terms and payments. Unlike an insurance plan that protects you only during the payment terms, Shriram Life Assured Income Plan offers longer life coverage. You receive higher guaranteed benefits than other plans which makes it rank better than its competitors.
Downloads
You can download the Shriram Life Assured Income Plan policy documents online. Shriram Life provides an online facility to its customers so that downloading documents becomes easy. You can visit www.shriramlife.com and open the Shriram Life Assured Income Plan. On the page, you can download the policy brochure and document for your reference.
FAQ's
What if there is an unexpected demise when my assured Shriram Life Assured Income Plan is active?
If the insurer is pronounced deceased while Shriram Life Assured Income Plan is active, the nominee will be eligible to claim the death cover, given that all past dues have been paid in full.
In case of my unexpected demise while my Shriram Life Assured Income Plan is active, how can the nominee receive the death benefit?
The nominee can receive the cover as a lump sum, monthly payout, or 50% sum at once and the rest as monthly payouts.
Can I receive rider benefits with Shriram Life Assured Income Plan?
Yes. You can receive rider benefits (Add-ons) under Shriram Life Assured Income Plan at a nominal extra cost.
What if I survive till the end of the term of the Shriram Life Assured Income Plan?
When you have paid all the dues, you can close your Shriram Life Assured Income Plan and claim the guaranteed lump sum payout. You can also withdraw this as annual monthly payout.
Can I receive critical illness covered under the Shriram Life Assured Income Plan?
Yes. You can receive critical illness coverage because it is a part of the rider benefits of Shriram Life Assured Income Plan.
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