Shriram Life Immediate Annuity Plus (UIN: 128N063V01) 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 for a single purchase price paid, the plan provides with a stream of regular income in the form of an annuity for the whole life.ection in case of unfortunate death of the insured member of the group.
On survival of the life assured up to the end of the policy term, no benefit will be payable.
Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.
(As on last birthday)
Whole Life Yrs
Yearly: Minimum annuity per annum ranges from ₹ 20340 to ₹ 20085 based on the option selected from 8 options available under the plan
Monthly: Under all the options the minimum monthly annuity shall be ₹ 1000 per month.
₹ 3 Lakhs
MaximumNo limit, Subject to
*Not applicable for policyholders/nominees of the company’s deferred pension products
No maximum exit age. Policy will terminate upon death of annuitant
No riders available.
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.
IRDAI Regn No. 128
BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRADULENT OFFERS
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
The Trade Logo displayed above belongs to Shriram Value Services Limited (“SVS”) and used by Shriram Life Insurance Company Limited under a License agreement.”
ARN – SLIC/Elec/Jan 2021/63