Shriram Life Immediate Annuity Plus (UIN:128N063V06)

• You get nine different annuity options to choose from. You can select one that best suits your needs and goals. The options include: • Option 1: Annuity for life • Option 2: Annuity for life with the return of purchase price on demise/terminal illness • Option 3: Annuity for life with annual simple increase @ 3% • Option 4: Annuity for life with compound increase @ 3% • Option 5: Annuity for a minimum period of 5/10/15/20 years and thereafter for life • Option 6: Annuity for life with 50% annuity to the last survivor on the demise of the primary annuitant • Option 7: Annuity for life with 100% annuity to the last survivor on the demise of the primary annuitant • Option 8: Annuity for life with 50% annuity to the last survivor on the demise of the primary annuitant and return of purchase price on the demise or terminal illness diagnosis of the last survivor • Option 9: Annuity for life with 100% annuity to the last survivor on the demise of the primary annuitant and return of purchase price on the demise or terminal illness diagnosis of the last survivor

If you go for policy options 2, 8 or 9, you will be eligible for the surrender value from the first policy year onwards. The surrender value will be based on the purchase price.

The annuitants will get shifted to different annuitants as per the choice of the option. However, maturity benefits will not be paid. If the primary annuitant passes away, the secondary gets an annuity. If the secondary annuitant passes away, the last survivor gets the annuity. If the last survivor passes away, then the nominee receives the purchase price. If the nominee passes away, the plan gets terminated. The above benefits make this plan a preferred option for the policyholders. It allows you to create a corpus and enjoy savings for the rest of your life.