What are the Differences Between Super Income Plan and Assured Income Plan

Super Income vs Assured Income

Investors can purchase life insurance through the Super Income or Assured Income Plan. A Super Income Plan's surrender benefit can be claimed after all premiums have been paid. An investor has the option to get the maturity benefits with the Assured Income Plan after the premium payment has been completed. An investor can obtain financial security, stability and control by investing in a Shriram Life Super Income Plan.

Super Income Plan and Assured Income Plan are investment options that help individuals plan for their future. Both policies have unique benefits and features that make them attractive to investors looking for long-term investment options. A Super Income Plan and an Assured Income Plan many similarities and offer additional coverages to enhance the policy.

To understand the policies and know which one is better for you, we’ll guide you through the differences:

What is a Super Income Plan?

Super Income Plan is an investment opportunity for risk-averse people looking to secure their future financially. There are features and benefits in this plan that cater to a variety of needs. The Super Income Benefit, Maturity Benefit and the Death Benefit ensure the policy holder or their nominee gets bonuses for investing in this policy.

The key features of a Super Income Plan include life insurance coverage, a wide range of premium payment terms, flexibility to change the premium payment terms and additional protection through rider covers. Apart from these features, Shriram Life Super Income Plan also offers a loan facility against the plan if the investor needs emergency funds.

The maturity benefit of the Super Income Plan ensures that the investor gets 5 times the annualised premium as a bonus. The death benefit is similar, but if the policy holder suffers a sudden demise during the monthly income tenure, a nominee or beneficiary will get the remaining monthly payouts and the bonus. The death sum assured is 10 times the annualised premium.

What is an Assured Income Plan?

An Assured Income Plan is an insurance plan that can be tailored to ensure investors reach their long-term goals. This plan assures a guaranteed payout at maturity. It can also be customised to provide a monthly income after maturity to help achieve any financial responsibilities and dreams. Investors can get higher benefits when they select higher premiums and tenures.

When considering an assured income plan, there are several features to consider. The most important feature is the income guarantee. This guarantee ensures that you will receive a certain amount of income each month, regardless of whether or not you are employed.

Another feature to consider is the death benefit, which will provide the nominee or beneficiaries with a lump sum of money in the event of the policy holder’s demise. The premium payment schedule will determine how much the investor must pay monthly to keep the policy in force.

What are the differences between a Super Income Plan and an Assured Income Plan?

When choosing an income plan, there are a few different options available. Two popular options are the Super Income Plan and the Assured Income Plan. Let’s see the key differences between these two options. 
The Super Income Plan is a long-term investment plan that offers the potential for higher returns. The Assured Income Plan is an insurance cum investment plan that provides assured benefits for a set period. This plan has no risk of loss, but the growth potential is limited. 
The Super Income Plan and the Assured Income Plan have pros and cons. It's essential to consider the options carefully before choosing which one is right. Here is a direct comparison that will be useful while deciding:


Super Income Plan

Assured Income Plan

Maturity Benefit

5 times the annualised premium

Lump sum of annualised premiums

Death Benefit

10 times the annualised premium if at least 2 years of premiums are paid

8-10 times annualised premium based on the premiums paid


Can range between 10 – 25 years

Choice of Policy Term – 8, 10, 12, 15 years

Minimum premium

Rs. 30,000 per year is the minimum premium

Rs. 15,000 per year is the minimum premium

Which plan should you invest in?

When it comes to income protection, there are a few different options available. Two popular plans are super income plans and assured income plans. Both have benefits and features, so it's essential to understand the differences before deciding which one is right for you. A Super Income Plan will provide a higher level of protection, but it will also come with higher premiums. An assured income plan is more affordable but will offer less coverage. Ultimately, the best choice will depend on the investor’s specific needs and budget.

Invest in a Shriram Life Super Income Plan or an Assured Income Plan to get guaranteed returns. The flexible premium payment term allows people to customise the policies according to their financial goals and dreams. Additional covers can be purchased for a nominal rate to enhance the policies, making it more secure for your family as well.


  1. Is Super Income Plan Good? 
    Yes, the Super Income Plan enables a person to invest towards a secure future. It also has a guaranteed monthly income and additional benefits like life insurance and a maturity bonus.
  2. What is the surrender value of Shriram Life Super Income Plan? 
    The surrender value of a Shriram Life Super Income Plan will depend on the number of premiums that have been paid. An investor can only have the option to surrender the policy after the premiums have been paid for at least 2 years.
  3. How can I check my Shriram Life Insurance policy details? 
    A policy holder can visit the Shriram Life Insurance website and contact customer support to learn more about the Life Insurance policy.

Key Highlights:

  • Super Income Plan and Assured Income Plan both have life insurance coverage for investors.
  • Surrender benefit can be claimed on a Super Income Plan after all premiums have been paid.
  • With an Assured Income Plan, a policy holder can receive the maturity benefit at any time during the policy term.
  • Investing in a Shriram Life Super Income Plan can help an investor achieve financial security, stability and control.


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

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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.

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