images
Shriram Life Immediate Annuity Plus(UIN - 128N063V03)

Shriram Life Immediate Annuity Plus(UIN - 128N063V03)

SHRIRAM LIFE IMMEDIATE ANNUITY PLUS

Retirement is neither an age nor a phase. Retirement is a decision to bid farewell to the task of working for a regular income over Years. Post- Retirement the work stops, but the income should not. During this time, you want to be empowered to do all that you dreams, pursue hobbies, spending time with friends and family, pilgrimage etc.

We at Shriram understand your needs the best, Hence Presenting you Shriram Life Immediate annuity plus a non- linked and non-participating single premium immediate annuity individual single Premium plan for individuals which offers you a comprehensive range of annuity options along with flexibilities, providing you an opportunity to always maintain your living standards..

KEY FEATURES

9 Annuity Options to Choose from

Guaranteed Annuity rates for Lifetime

Return of Your Purchase Price in case of terminal illness

Option to choose Single Life or Joint Life

KEY BENEFITS

critical-illness

Maturity Benefits

There is no maturity benefit under the plan.

Surrendering the policy

Options (i.e. options 2, 8 and 9) where the benefit of return of purchase paid is payable are eligible for surrender value from first policy year onwards. The policy acquires surrender value immediately on payment of purchase price. The surrender value payable under the policy is as below:

Year 1 to 3: 85% of purchase price
Year 4 to 6: 90% of purchase price
Year 7 and above: 92.5% of purchase price

protection-plan

Tax Benefits

Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.

ELIGIBILITY

ENTRY AGE Minimum 0Yrs 18 Years(age last birthday)for joint life options Maximum 85 Yrs (As on last birthday)
POLICY TERM Whole Life
ANNUITY MODE Yearly Half Yearly Quarterly Monthly
ANNUITY* Minimum: Minimum annuity per annum for all the options is RS 12000. Under all the options the monthly annuity shall be Rs. 1000 per month In case the proceeds of the Company’s Deferred Pension policy are not sufficient to purchase minimum annuity as stipulated by the Authority from time to time, the proceeds of the policy shall be paid as lump sum. Maximum:No limit, Subject to board approved underwriting policys.
PURCHASE PRICE* Minimum ₹ 2 Lakhs Maximum No limit, Subject to board approved underwriting policy
MAXIMUM EXIT AGE No maximum exit age. Policy will terminate upon death of annuitant
PREMIUM PAYING TERM Single

Downloads

Disclaimer

For more details on risk factors, terms, and conditions please read the sales brochure carefully before concluding a sale.  

*Tax Benefits:  
Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.  
You are eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time.

IRDAI Regn No: 128  
CIN No : U66010TG2005PLC045616 of the Company

The Trade Logo displayed above belongs to Shriram Value Services Limited (“SVS”) and used by Shriram Life Insurance Company Limited under a License agreement.”

BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRADULENT OFFERS

  • IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.