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Shriram Life Deferred Annuity Plan
What is Shriram Life Deferred Annuity Plan?
Shriram Life Deferred Annuity Plan (UIN: 128N105V03) A Non-linked Non-Participating Individual General Annuity Savings plan.
- 4 Annuity options available
- Flexibility in Payment of Premiums
- Premium starting from Rs.6000
- Flexibility in Receiving Annuity Amount
- Option to choose Single life or Joint life
- Flexibility to alter premium payment term and deferment period
Policy Type
Retirement Plan
Policy Term
Whole Life
Deferment Period
5 -10 years
Premium paying term
Single Pay Limited/Regular: 5-10
Features and Benefits of Shriram Life Deferred Annuity Plan
Guaranteed* annuity rates for Lifetime
Return of your Purchase price in case of Terminal illness#
Option to choose Single life or Joint life
Option to increase your annuity through top up premiums and loyalty additions
Flexibility to alter premium payment term and deferment period
Additional benefits like waiver of premium, high purchase price incentives.
Eligibility of Shriram Life Deferred Annuity Plan
Eligibility Criteria | Limits |
|---|---|
Entry Age | Minimum 40 years (age last birthday) for primary annuitant 30 years (age last birthday) for secondary annuitant |
Premium | Minimum Yearly: Rs. 60,000, Half Yearly: Rs 31,000, Quarterly: Rs 15,000 and Monthly: Rs 6,000; Rs. 3,00,000 for Single Pay |
Premium paying term | Single Pay Limited/Regular: 5-10 |
Annuity Mode | Yearly, half-yearly, quarterly, monthly |
Policy Term | Whole Life |
Minimum Vesting Age | 45 Years |
Maximum Vesting Age | 80 Years |
Deferment Period | 5 - 10 Years |
Annuity | Minimum ₹ 12000 |
Download Documents for Shriram Life Deferred Annuity Plan
All the policy-related documents are easily available online on the website for the comfort and ease of all our customers. You can simply visit our website www.shriramlife.com go to the download section on the policy page and download the policy document, brochure and presentation.