Safeguard your future and protect your loved ones with a Super Income Plan (SIP). A SIP offers tax advantages to policy holders. This plan's premium payment term ranges between 10 to 25 years. Although there is no maximum limit on premium payments, they are subject to board underwriting policy approval.
A Super Income Plan will enable you to be secure after retirement with the life insurance coverage it provides. During the tenure of the plan the life insurance will protect you from uncertainty. After the premium payment term, the assured benefit will be given to the policy holder. It is an ideal investment for those who like to plan for their long-term financial goals. A SIP is a policy that offers money back and is popular because of its attractive bonuses.
With a Shriram Life Super Income Plan, an investor can get a assured benefits if they decide to invest in the plan. For a nominal rate, additional covers are also available. These additional benefits can be advantageous when the policy holder is facing an emergency. This make the Shriram Life Super Income Plan a worthwhile investment. Let’s explore Super Income Plan’s benefits now:
A Super Income Plan is an insurance policy that provides assured benefits to individuals who invest in it. Additionally, it will aid someone in making better plans for increased financial stability. The policy holder and their family are protected by the Super Income Plan's numerous features and advantages. Financial institutions frequently provide extra benefits in the form of rider covers that may be purchased during the premium payment term.
For those who want life insurance and assured benefits up to the age of 75, the Shriram Life Super Income Plan offers guaranteed coverage. This plan's premiums are payable over a period of 10 to 25 years, depending on the enrolment age.
People can choose the plan they require based on their financial objectives and the age at which they want to retire, thanks to the policy’s flexible tenure. An individual can receive a assured income from the plan and additional benefits upon maturity after the premium payment term. They will also receive tax-free maturity advantages under Section 10 (10D) of the Income Tax Act.
In addition to the maturity benefit, Section 80C of the Income Tax Act also entitles you to tax advantages. Up until the age of 75, the Super Income Plan will give the policyholder a consistent income. The plan includes life insurance coverage and extra insurance through riders after insurance can be added for a small fee.
Death Benefit, Super Income Benefit and Maturity Benefit are the three main categories under which you can get the benefits. Please keep reading to know more about them and what conditions need to be met to avail the benefits.Super Income Benefit:
The Shriram Life Super Income Plan offers attractive returns and is easy to understand. It can help an individual plan efficiently for the security of their family. It provides life insurance that will keep you safe from any sudden expenses incurred by accidents.
Life is full of uncertainties, but the Shriram Life Super Income Plan can help you stay peaceful. Invest now to get coverage that will benefit you in the future. Your family can also be protected if you purchase add-ons for your policy. These add- ons are offered at a nominal rate. Retirement will be a breeze with the Super Income Plan. Apply now to secure your future.
Yes, the Shriram Life Super Income Plan is simple to understand and can benefit your long-term goals. The policy also offers life insurance that will protect you from any uncertainties.2.What is the maximum maturity age for Shriram Life Super Income Plan?
The maximum age until you can avail of the Super Income Plan is 50 years. After an individual turns 50 years old, they will no longer be eligible for the policy.3.What is the minimum premium under Shriram Life Super Income Plan?
The minimum annual premium you need to pay is Rs. 30,000 (multiples of Rs.1000). There is no maximum limit and it is subject to the approval of the board underwriting policy. Our representative will help to decide the premium, ensuring you get the maximum monthly benefit and maturity at the end of the plan.