Just like the saying “A stitch in time saves nine,” a well-planned insurance can save an individual from a financial crunch during retirement. Spending a part of one’s salary on a retirement plan that gives a regular monthly income during the retirement term can be the most rewarding decision one makes during their early 20s.
A peaceful and stress-free retirement is a dream for several individuals.
Shriram Life Super Income Plan provides personalised retirement plans where an individual and their family can attain a lump sum at the maturity of the tenure along with a guaranteed fixed monthly income.
This article provides information on the documents required to apply for the Shriram Life Super Income Plan. The ideal plan that provides you with the financial freedom to enjoy a relaxing retirement.
Shriram Life Super Income Plan is specifically designed to meet an individual's and their family's long-term financial needs. This plan provides you with protection and an assured benefit until the age of 75 and a lump sum maturity. The best part about Shriram Life SIP is that it can be personalised according to an individual’s needs and requirements.
Retirement is the golden time period when you have the perfect opportunity to relax and pursue your long-held dreams. Prepare yourself with a personalised SIP with the following documents.Age Proof (Any one of the following documents)
If the premium amount is above Rs. 50000, it is necessary to provide a Pan Card.
If the premium is above 1 lakh, it is necessary to provide any one of the following documents as Income Proof
In our ultra-stressful modern lifestyle, we barely have time to plan for the future and think about retirement. However, giving some thought and preparing for your retirement with the ideal insurance plan will help you make the most of your retirement. Just like how the right shoe can take you to greater places, investing in the personalised insurance plan from Shriram Life SIP can give you the financial security that helps you retire happily.
If the premium exceeds Rs. 50000, a pan card must be presented as evidence of income.What is the maturity amount of the Super Income Plan?
The maturity amount differs based on the premium payment. The maturity benefit is 5 times the Annualised Premium.Is income proof required for Shriram Life SIP?
Yes, if the premium is more than Rs. 50000, a Pan Card must be presented. It is mandatory to produce any one of the following documents as income proof if the premium is more than one lakh.