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Shriram Life Immediate Annuity Plus is a non- linked and non-participating single premium immediate annuity assurance for individuals. The plan aims to provide a lifetime income stream post retirement. In exchange to the single purchase price paid, the plan provides with a stream of regular income in the form of an annuity for the whole life.
Shriram Life Immediate Annuity Plus Plan is an affordable, easy-to-obtain financial security net for you and your loved ones. It pays a lump sum payment in case of unfortunate death helping your family to reduce their debts.
|Minimum Age At Entry||0 years age last birthday, 18 years age last birthday for joint life options|
|Maximum Age At Entry||85 years age last birthday. No maximum age limit for the n ominees of the Company's deferred pension policy holders.|
|Maximum exit age||No maximum exit age. Policy will terminate upon death of annuitant|
|Policy Term||Whole Life|
|Premium (Purchase price)
|Annuity mode||yearly, half yearly, quarterly or monthly|
|Minimum Annuity per annum||
|Minimum Purchase price||Rs.3,00,000. There is no minimum purchase price condition for policyholders/ nominees of the company's deferred pension products to offer the annuity benefits under this product.|
|Maximum Purchase price||No limit, Subject to board approved underwritng policy|
Revenue in Cr
Total Number Of Lives