In the hustle and bustle of our everyday life, we keep striving towards preparing ourselves for secure tomorrow for our loved ones. You can get financial stability not just through savings, but also through a well-planned insurance. Shriram Life Super Income Plan is an ideal choice, if you are looking forward to securing your future and earning a regular income even after retirement.
The true essence of retirement lies in a secure future that can be established with life insurance. Enjoying your 70s sipping a cup of coffee with crackers by the side, without having to worry about the future is why an individual needs life insurance. In order to attain financial security, it is necessary to have a well-planned financial policy like Shriram Life Super Income Plan It is better to begin today rather than regret tomorrow. An individual can start with Shriram Life Super Income Plan when they are in their 20s. This article helps you understand the eligibility criteria and the features that make SIP an ideal choice for you.
The Shriram Life Super Income Plan is an insurance plan that is specially curated to cater to the insurance and financial needs of an individual and their family. Shriram Life SIP offers life insurance benefits along with a lump sum payment at maturity and guaranteed monthly income until age 75.
|Age Limit||25 years to 50 years|
|Policy Term||75 minus entry age|
|Premium Paying Term||10 to 25 years (premium paying term + age at entry should not exceed 65 years)|
|Premium Range||The minimum annualised premium is Rs 30,000 and there is no maximum limit.|
|Premium Payment Frequency||Monthly, Quarterly, Half-yearly and Yearly|
|Sum Assured||10 times the annualised premium.|
Super Income is an amazing plan for an individual seeking a reliable source of income for a significant period, along with life insurance benefits and an assured maturity benefit. The plan's life insurance coverage is offered up until the age of 75. For your short-term and long-term financial goals, the Shriram Life Super Income Plan offers a guaranteed maturity benefit in addition to a super income benefit.
It is always better to begin today rather than regret tomorrow. With the Shriram Life Super Income Plan’s four extra riders, one can modify the plan and increase its coverage to cater to their needs.
Additionally, one can choose from various premium payment terms with the ability to alter your decision at any time during the policy's term as long as it is at least three months before the start of the income benefit. Invest now for a financially secure future.
What is the minimum premium under the Super Income Plan?
The minimum premium under the Shriram Life Super Income Plan would be Rs 30,000.
What is the Super Income Plan of Shriram Life Insurance?
The Shriram Life Super Income Plan is an insurance plan that offers life insurance benefits up to age 75, coupled with guaranteed regular income. The plan offers a lump sum payment at plan maturity and a guaranteed monthly income.