\u003Cspan>Plot No:31 & 32, Beside Union Bank Training Centre,\u003C/span>\u003Cbr />\u003Cspan>Financial District, Gachibowli,\u003C/span> \u003Cbr />\u003Cspan>Hyderabad-500032, India.\u003C/span>\u003C/p>"},{"title":"Helpline","heading":"Helpline","description":"\u003Cul>\u003Cli>\u003Ca href=\"tel:1800-103-5319\">Customer - 1800-103-6116\u003C/a>\u003C/li>\u003Cli>\u003Ca href=\"tel:1800-103-2671\">Agent - 1800-103-2671\u003C/a>\u003C/li>\u003C/ul>"}],"social_media_group":[{"title":"Follow us on","heading":"Follow us on","social_media":[{"title":"Facebook - Follow us on","icon":[{"media_img":null,"media_svg":"https://cdn.shriramlife.com/slic-kalam/files/2023-04/facebook.svg","media_svg_alt":"facebook","media_document":null}],"menu_link":{"url":"https://www.facebook.com/Shriramlife","text":"https://www.facebook.com/Shriramlife"}},{"title":"LinkedIn - Follow us on","icon":[{"media_img":null,"media_svg":"https://cdn.shriramlife.com/slic-kalam/files/2025-05/linkedin.svg?VersionId=rfH8qB2UDCo98jwCeO8pBLdtlykrSKpc","media_svg_alt":"linkedin","media_document":null}],"menu_link":{"url":"https://www.linkedin.com/company/shriram-life-insurance/posts/?feedView=all","text":"https://www.linkedin.com/company/shriram-life-insurance/posts/?feedView=all"}},{"title":"Twitter - Follow us on","icon":[{"media_img":null,"media_svg":"https://cdn.shriramlife.com/slic-kalam/files/2023-09/Twitter_X__1_%20%282%29.svg","media_svg_alt":"twitter","media_document":null}],"menu_link":{"url":"https://twitter.com/shriramlifeins","text":"https://twitter.com/shriramlifeins"}},{"title":"Instagram - Follow us on","icon":[{"media_img":null,"media_svg":"https://cdn.shriramlife.com/slic-kalam/files/2025-05/instagram.svg?VersionId=NnzicD0M2qJhWdRpX36W_4T98ZBxqcBp","media_svg_alt":"instagram","media_document":null}],"menu_link":{"url":"https://www.instagram.com/shriramlifeinsurance/","text":"https://www.instagram.com/shriramlifeinsurance/"}},{"title":"WhatsApp - Follow us on","icon":[{"media_img":null,"media_svg":"https://cdn.shriramlife.com/slic-kalam/files/2025-05/whatsapp.svg?VersionId=aiacsufE37KYy5Gp.c2ZZJYQE7JDi0LN","media_svg_alt":"whatsapp","media_document":null}],"menu_link":{"url":"https://whatsapp.com/channel/0029Vb7xeCWE50UhFlWYkj1q","text":"https://whatsapp.com/channel/0029Vb7xeCWE50UhFlWYkj1q"}}]}],"app_group":[{"title":"Download App","heading":"Download App","Apps":[{"title":"Download App - Android","heading":"Android","icon":[{"media_img":null,"media_svg":"https://cdn.shriramlife.com/slic-kalam/files/2023-04/android.svg","media_svg_alt":"android","media_document":null}],"menu_link":{"url":"https://play.google.com/store/apps/details?id=com.svs.slic","text":"https://play.google.com/store/apps/details?id=com.svs.slic"}}]}],"copy_rights":"\u003Cp>© Shriram Life Insurance Co. Ltd. All the rights reserved. Registered with Insurance Regulatory & Development authority of India (IRDAI) as Life Insurance Company. Regn. No. 128. CIN: U66010TG2005PLC045616\u003C/p>"}],"headers":{"x-powered-by":["Express"],"content-type":["text/html; charset=utf-8"],"content-length":["18143"],"etag":["W/\"46df-5zDuY0h4xl4VP2u+sqAYSM5PdlE\""],"vary":["Accept-Encoding"],"date":["Thu, 08 May 2025 12:38:33 GMT"],"connection":["keep-alive"],"keep-alive":["timeout=5"]},"status":200,"statusText":"OK","url":"http://127.0.0.1:4000/api/v1/footer","responseType":"json"},"2002562214":{"body":[{"category":[{"id":1781,"name":"Super Income Plan"},{"id":1782,"name":"Advice"},{"id":1930,"name":"Child Plan"},{"id":1979,"name":"Early Cash Plan"},{"id":1982,"name":"Assured Income Plan"},{"id":1984,"name":"Golden Premier Saver Plan"},{"id":1985,"name":"Premier Assured Benefit"},{"id":1986,"name":"Cash Back Term Plan"}],"blogs":[{"title":"Master Financial Freedom with 5 Hidden Secrets About Early Retirement Planning","heading":"Master Financial Freedom with 5 Hidden Secrets About Early Retirement Planning","short_description":"\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\" lang=\"EN-IN\">Retirement is more than just stopping work.\u003C/span>\u003C/p>","tile_image":[{"media_img":{"url":"https://cdn.shriramlife.com/slic-kalam/files/2025-05/understanding-the-importance-of-early-retirement-planning.jpg?VersionId=nXPukgOV.voNDkPZ1miiZgMa7V6_gFIO","alt":"truths about the early retirement planning"},"media_svg":null,"media_svg_alt":"","media_document":null}],"posted_on":"2025-05-05T06:33:59","updated_on":"2025-05-05T06:34:04","read_more_title":"Know More","slug":"/master-financial-freedom-with-5-hidden-secrets-about-early-retirement","field_bl_tag":"\u003Ca href=\"/blog/guides/recent\" hreflang=\"en\">Recent\u003C/a>, \u003Ca href=\"/blog/guides/retirement\" hreflang=\"en\">Retirement\u003C/a>","description":"\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Retirement is more than just stopping work. It's about reclaiming time for travel, hobbies, family, and the freedom to live life on your own terms. But here's the thing: that kind of life doesn’t just fall into place. It takes planning. And not just any planning- early retirement planning.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Starting early doesn’t just give you a head start. It gives your money time to grow, reduces your long-term stress, and helps you stay prepared for uncertainties like inflation and healthcare costs. In short, it puts you in control.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">And with solutions from Shriram Life Insurance, that control becomes much easier.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>1. Harnessing the Power of Compounding\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Let’s talk about the one thing that can make or break your retirement savings: compounding. The earlier you begin saving, the more time your money has to earn returns, and those returns earn more returns. It’s the snowball effect in your favour.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Think about this:\u003C/strong>\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Start saving INR 5,000/month at age 30 with an average 8% return → You could end up with INR 1.5+ crore by retirement.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Start at 45 with the same INR 5,000/month → You might end up with only INR 40- 45 lakhs.\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">That’s the power of time. Even small contributions can turn into a substantial corpus when you start early.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Plan to explore: The \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/assured-income-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Shriram Life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> (UIN: 128N053V05) helps you grow wealth steadily while ensuring guaranteed payouts, making disciplined savings easier and more rewarding.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>2. Reducing Financial Pressure with an Early Start\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">The earlier you start, the easier it gets. Planning in your 30s or 40s lets you spread your savings, so you’re not scrambling in your 50s to catch up.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Here are some of the benefits of getting an early start on your financial savings:\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Smaller, consistent contributions feel more manageable.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Less stress about meeting your retirement goals later.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">More time to adjust if life throws surprises your way.\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Instead of scrambling to save large chunks of your income in your 50s, early planning allows for smaller, consistent contributions that feel less burdensome. This approach significantly reduces future financial stress and anxiety about having enough. Plans providing flexibility and liquidity, such as the\u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/early-cash-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> Shriram Life Early Cash Plan\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> (UIN: 128N093V03), provide access to funds through features like cash bonuses while encouraging gradual wealth building.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>3. Preparing for Unforeseen Expenses with Inflation- Ready Planning\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Retirement isn't just about covering basic living costs. You need to account for rising expenses due to inflation, potentially significant healthcare costs, and unexpected emergencies. Inflation-ready planning is critical because the value of money decreases over time. What seems like a sufficient amount today might fall short twenty or thirty years later.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Early planning allows you to factor these future uncertainties into your savings goals. Aiming for a corpus that accounts for inflation and potential medical needs builds a safety net. Ensuring a steady cash flow post- retirement is vital. Instruments designed to provide predictable income for retirees, like the \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/immediate-annuity-plus\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Shriram Life Immediate Annuity Plus Plan\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> (UIN: 128N063V07), can play a key role in managing these challenges by providing regular payouts.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>4. Building a Diverse Retirement Portfolio Early Through Diversified Investment Strategies\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">We all would have heard the saying: Don't put all your eggs in one basket! \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Early retirement planning allows ample time to build a robust portfolio using diversified investment strategies. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Relying solely on one type of investment (such as fixed deposits or only equity) carries significant risk. Diversification means spreading your savings across asset classes- equity, debt, real estate, gold, and insurance-based plans- to balance risk and reward. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>What diversification could look like:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Equity funds for high growth.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Debt instruments for stability.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Insurance-backed annuities for guaranteed income.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Gold or real estate as alternative stores of value.\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">The right mix depends on your goals, risk tolerance, and retirement timeline. Starting early gives your diversified investments time to weather market fluctuations and potentially generate better overall returns. It is also wise to add stable, lower-risk components. For instance, the \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/saral-pension\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Shriram Life Saral Pension Plan\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> (UIN: 128N092V01) provides a guaranteed lifetime annuity, making it a reliable addition to those seeking low-risk investments within their diversified retirement strategy.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>5. Maximising Tax Efficiency with Early Investments\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Effective retirement planning isn't just about saving; it's also about saving smartly. Many retirement savings instruments provide tax benefits. Starting early with tax-efficient retirement plans allows you to maximise these advantages over your earning years.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Contributions to specific plans, like pension plans or certain insurance policies, often qualify for deductions under sections like 80C of the Income Tax Act, reducing tax liabilities annually. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Furthermore, the maturity proceeds or withdrawals from some plans might also be tax-exempt under prevailing laws. Market-linked options like the \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/pension-plus\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Shriram Life Pension Plus Plan\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> (UIN: 128L065V03) provide growth potential and valuable tax-saving opportunities, helping your retirement corpus grow more efficiently. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Conclusion: Starting Early for a Lifetime of Financial Independence\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">The message is clear here. Starting retirement planning early is essential for lifelong financial independence.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">It provides many benefits, such as leveraging compound growth for substantial long-term wealth accumulation and minimizing financial stress through manageable, consistent contributions, adequately preparing with inflation-ready planning, building resilience through diversified investment strategies, and maximising returns via tax-efficient retirement plans.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Don't wait for the 'right time' – the best time is now. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Take control of your future financial well- being.\u003C/span>\u003C/p>\u003Cp>\u003Ca href=\"https://www.shriramlife.com/\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Shriram Life Insurance\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> provides multiple plans supporting your early investment goals and \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/retirement-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">retirement plans\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">. The plans are designed to maximise benefit with minimal investment and help you build a secure, stress-free retirement life filled with peace, security and financial freedom you deserve.\u003C/span>\u003C/p>","category":"/blog/advice"},{"title":"6 Tips to Adjust Your Retirement Plan for a Secure Future","heading":"6 Tips to Adjust Your Retirement Plan for a Secure Future","short_description":"\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\" lang=\"EN-IN\">Your retirement plan isn’t a one-time setup. Life changes, and so should your strategy.\u003C/span>\u003C/p>","tile_image":[{"media_img":{"url":"https://cdn.shriramlife.com/slic-kalam/files/2025-05/how-to-adapt-your-retirement-plan-to-changing-financial-needs_0.jpg?VersionId=YG7yNSq3N_NEXdZ3wOPslk1mTzK2AkHw","alt":"Retirement plan to change financial needs"},"media_svg":null,"media_svg_alt":"","media_document":null}],"posted_on":"2025-05-02T12:36:52","updated_on":"2025-05-02T12:36:57","read_more_title":"Know More","slug":"/6-tips-to-adjust-retirement-plan-for-secure-future","field_bl_tag":"\u003Ca href=\"/blog/guides/recent\" hreflang=\"en\">Recent\u003C/a>, \u003Ca href=\"/blog/guides/retirement\" hreflang=\"en\">Retirement\u003C/a>","description":"\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Your retirement plan isn’t a one-time setup. Life changes, and so should your strategy.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Whether you're 30 or 60, adapting your retirement plan to match evolving financial goals, market conditions, and personal needs is key to ensuring lasting financial security. From rising expenses in retirement to shifting priorities like healthcare or family support, having flexible financial strategies in place helps you stay prepared.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Let’s see how you can build and maintain a retirement plan that keeps up with life, and why Shriram Life Insurance’s retirement solutions provide the flexibility and reliability you need.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Why Retirement Plans Must Evolve with Time\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Retirement goals aren't static. As you move through different stages of life, several factors can influence your financial requirements.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Key triggers that demand retirement planning adjustments:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">A rise in healthcare costs for retirees\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Inflation eating into your savings’ purchasing power\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Family obligations, like funding children’s education or supporting dependents\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Unforeseen emergencies or lifestyle shifts\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">A retirement plan that remains rigid risks becoming irrelevant. Flexibility enables you to handle these variables without compromising your financial peace of mind.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>1. Reviewing Financial Goals Regularly\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Your financial goals at 35 won’t be the same at 55. Regularly reassessing your plan ensures it reflects your current life situation and future aspirations.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Why you should revisit your plan at least once a year:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Your income and expenses might have changed\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Life goals such as early retirement or relocation may arise\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Market dynamics could impact your portfolio’s performance\u003C/span>\u003C/li>\u003C/ul>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>How to adapt effectively:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Rebalance investment allocations based on risk appetite\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Adjust your retirement age and expected corpus accordingly\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Account for new income sources or liabilities\u003C/span>\u003C/li>\u003C/ul>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Plan to consider:\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">The \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/pension-plus\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Shriram Life Pension Plus Plan\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> (UIN 128L065V03) provides a flexible pension structure that can adapt to your evolving retirement income needs.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>2. Adjusting for Inflation and Rising Expenses\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Inflation may seem slow, but over time, it has a massive impact on your retirement savings. A plan that doesn’t account for inflation may leave you short in your later years.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Common inflation-impacted expenses:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Day-to-day living costs (food, utilities, transport)\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Medical treatments and long-term care\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Lifestyle expenses such as travel or leisure\u003C/span>\u003C/li>\u003C/ul>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>What you can do:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Increase savings rates as income grows\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Invest in instruments providing inflation-adjusted returns\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Use annuity plans to ensure a stable income stream\u003C/span>\u003C/li>\u003C/ul>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Plan to consider:\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">The \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/immediate-annuity-plus\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Shriram Life Immediate Annuity Plus Plan\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> (UIN:128N063V07) is designed to provide steady payouts, helping you manage the impact of rising costs in retirement.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>3. Addressing Healthcare and Emergency Costs\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Healthcare is one of the most unpredictable and costly aspects of retirement. Even a minor medical emergency can derail your financial goals without a plan.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Why healthcare planning is critical:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Medical inflation outpaces regular inflation\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Chronic conditions or age-related issues increase medical spending\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Emergency hospitalizations or surgeries can exhaust savings quickly\u003C/span>\u003C/li>\u003C/ul>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Steps to stay prepared:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Maintain a separate health-focused fund\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Invest in plans with early liquidity features\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Include health insurance premiums in your retirement budgeting\u003C/span>\u003C/li>\u003C/ul>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Plan to consider:\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">The \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/early-cash-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Shriram Life Early Cash Plan\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> (UIN: 128N093V03) provides timely access to funds, helping you manage emergency fund solutions without touching your long-term corpus.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>4. Balancing Risk with Diversified Investments\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">A well-diversified portfolio not only enhances growth potential but also provides stability. Especially as retirement approaches, managing risk becomes more critical than chasing returns.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Benefits of a diversified investment portfolio:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Spreads exposure across asset classes (debt, equity, insurance)\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Minimizes the impact of market volatility\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Aligns with both short- and long-term financial goals\u003C/span>\u003C/li>\u003C/ul>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>How to achieve the right balance:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Reduce equity exposure gradually as you near retirement\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Allocate funds to safer, predictable-return instruments\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Keep a portion liquid for emergencies\u003C/span>\u003C/li>\u003C/ul>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Plan to consider:\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">The \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/saral-pension\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Shriram Life Saral Pension Plan\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> (UIN: 128N092V01) is ideal for conservative investors who want stable, guaranteed payouts with low risk exposure.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>5. Aligning with Tax-Efficient Strategies\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Every rupee saved in taxes can directly boost your retirement income. That’s why tax-efficient planning must be a part of your overall retirement strategy.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>How tax efficiency adds value:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Increases post-tax income\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Reduces tax burden on withdrawals\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Helps plan effective gifting or inheritance strategies\u003C/span>\u003C/li>\u003C/ul>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Tax planning tips for retirees:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Utilise Section 80C deductions smartly\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Choose plans with tax-exempt maturity benefits\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Time your withdrawals for lower income tax slabs\u003C/span>\u003C/li>\u003C/ul>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Plan to consider:\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">The \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/assured-income-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Shriram Life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> (UIN: 128N053V05) provides structured payouts with tax-efficient benefits, helping retirees optimise income and savings.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>6. Creating a Retirement Plan That Grows With You\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">The ultimate goal of retirement planning isn’t just to accumulate wealth- it’s to build a plan that evolves with your life.\u003C/span>\u003C/p>\u003Ch4>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Key traits of an adaptive retirement plan:\u003C/span>\u003C/h4>\u003Cul>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Flexibility:\u003C/strong> To accommodate changes in income, expenses, or goals\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Liquidity:\u003C/strong> To handle emergencies without derailing the overall plan\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Stability:\u003C/strong> To ensure predictable income even during volatile times\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Tax efficiency: \u003C/strong>To preserve and grow your corpus wisely\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Explore \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/retirement-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Shriram Life Insurance’s retirement products\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> to find customisable solutions that keep pace with your evolving needs- today, tomorrow, and beyond.\u003C/span>\u003C/p>","category":"/blog/advice"},{"title":"The Secret Weapon for a Secure Retirement: Annuities Unveiled!","heading":"The Secret Weapon for a Secure Retirement: Annuities Unveiled!","short_description":"\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\" lang=\"EN-IN\">Annuities are a key component of a strong retirement plan.\u003C/span>\u003C/p>","tile_image":[{"media_img":{"url":"https://cdn.shriramlife.com/slic-kalam/files/2025-04/the-role-of-annuities-in-a-comprehensive-retirement-plan_0.jpg?VersionId=HsiHI5f0PwFH6JhU46zre7x8w5PNjNAt","alt":"Role of annuities in comprehensive retirement planning"},"media_svg":null,"media_svg_alt":"","media_document":null}],"posted_on":"2025-04-30T07:05:04","updated_on":"2025-04-30T07:05:08","read_more_title":"Know More","slug":"/secret-weapon-for-a-secure-retirement","field_bl_tag":"\u003Ca href=\"/blog/guides/recent\" hreflang=\"en\">Recent\u003C/a>, \u003Ca href=\"/blog/guides/retirement\" hreflang=\"en\">Retirement\u003C/a>","description":"\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Annuities are a key component of a strong retirement plan. They provide guaranteed income, financial protection, and long-term stability, ensuring that retirees can enjoy their golden years without worrying about outliving their savings. In this blog, we’ll see how annuities for retirement, such as the Shriram Life Pension Plus Plan (UIN: 128L065V03) and \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/saral-pension\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Shriram Life Saral Pension Plan\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> (UIN: 128N092V01), can be crucial in building a reliable retirement strategy.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Why Annuities are Essential for Retirement Planning\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Securing a steady income stream is often the primary concern when planning for retirement. Here’s why annuities should be part of your retirement strategy:\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Guaranteed Income:\u003C/strong> Annuities provide consistent, predictable payments over time, helping retirees avoid the risk of running out of money.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Protection from Market Volatility:\u003C/strong> Unlike stocks or mutual funds, annuities don’t affect market fluctuations, ensuring stable income.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Long-Term Security:\u003C/strong> Annuities, especially those with lifetime payout options, protect you against longevity risk, living longer than your savings.\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">For example, the \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/pension-plus\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Shriram Life Pension Plus Plan\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> (UIN: 128L065V03) provides customisable features that allow you to secure lifelong income, providing peace of mind for you and your loved ones.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Creating a Consistent Income Stream\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">A consistent income stream is one of the biggest challenges retirees face. Annuities provide a reliable solution.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Here’s how they help:\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Steady Monthly Payments:\u003C/strong> No more worrying about how to stretch your savings.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Predictability: \u003C/strong>Annuities make it easy to plan and budget since payments are fixed and reliable.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Immediate Income:\u003C/strong> The \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/immediate-annuity-plus\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Shriram Life Immediate Annuity Plus Plan\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> (UIN: \u003C/span>\u003Cspan>128N063V07\u003C/span>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">) provides income immediately, making it perfect for those needing immediate support.\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">With a product like the Shriram Life Immediate Annuity Plus Plan (UIN: 128N063V07), you can receive payments soon after purchase, which is particularly helpful for covering urgent needs like healthcare or household expenses.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Protecting Against Longevity Risks\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Longevity risk is one of the most significant threats to retirees. Simply put, it’s the risk of outliving your savings. As life expectancy increases, retirees may outlive their financial resources without a stable income stream.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Annuities provide a solution by:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Lifetime Payments:\u003C/strong> Some annuities, like the Shriram Life Pension Plus Plan (UIN 128L065V03), provide lifetime income options.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Customisable Features: \u003C/strong>You can choose add-ons like spouse benefits or inflation adjustments, ensuring your income keeps up with rising living costs.\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">By securing an annuity that guarantees income for life, you protect yourself against the financial uncertainty of living longer than expected.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Tailoring Annuities to Individual Needs\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Everyone’s retirement goals and needs are different. Annuities are flexible and customisable to suit those diverse needs.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Here’s how annuities can be tailored to your needs:\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Payment Frequency:\u003C/strong> Choose from monthly, quarterly, or yearly payouts.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Income Start Date:\u003C/strong> Select an immediate or deferred start date for income payments.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Lump Sum or Regular Payments:\u003C/strong> Decide if you want a lump sum or regular income payments at the start.\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">For example, the Shriram Life Saral Pension Plan (UIN: 128N092V01) is an ideal choice for those looking for a simple, flexible solution. Whether you need immediate income or prefer deferred payments, this plan can be adjusted to your retirement goals.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Key Benefits of Including Annuities in Your Retirement Plan\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">When it comes to retirement, stability and security are paramount. Annuities provide the following benefits:\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Financial Security: \u003C/strong>Annuities eliminate the risk of running out of money during retirement.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Peace of Mind: \u003C/strong>Knowing your steady income stream can reduce stress and help you enjoy retirement.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Flexible Options: \u003C/strong>Annuities can be customised to meet your financial needs, making them suitable for many retirees.\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">The Shriram Life Pension Plus Plan (UIN 128L065V03) and Shriram Life Saral Pension Plan (UIN: 128N092V01) provide excellent options for creating a reliable, stable income throughout retirement.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Conclusion\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Using annuities in your retirement strategy ensures you’ll have a reliable and stable income throughout your retirement years. By choosing products like the Shriram Life Pension Plus Plan (UIN 128L065V03) and Shriram Life Saral Pension Plan (UIN: 128N092V03), you’re making a smart choice for long-term financial security.\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Guaranteed Income:\u003C/strong> Annuities provide income you can count on.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Customisable Features:\u003C/strong> Tailor your plan to suit your needs.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Long-Term Security: \u003C/strong>Protect yourself against outliving your savings.\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Annuities are a powerful tool in your retirement planning, helping you achieve financial peace of mind while securing your future.\u003C/span>\u003C/p>","category":"/blog/advice"},{"title":"7 Retirement Mistakes \"Experts\" Don't Want You to Know","heading":"7 Retirement Mistakes \"Experts\" Don't Want You to Know","short_description":"\u003Cp>Planning for retirement is one of the most critical financial decisions you will make.\u003C/p>","tile_image":[{"media_img":{"url":"https://cdn.shriramlife.com/slic-kalam/files/2025-04/common-mistakes-to-avoid-when-planning-for-retirement_0.jpg?VersionId=U8YcAblivDtgC8MQkNRLTp4q6M.z8VB.","alt":"Mistakes to avoid while planning for retirement"},"media_svg":null,"media_svg_alt":"","media_document":null}],"posted_on":"2025-04-29T12:13:53","updated_on":"2025-04-29T12:13:59","read_more_title":"Know More","slug":"/7-retirement-mistakes-experts-dont-want-you-to-know","field_bl_tag":"\u003Ca href=\"/blog/guides/recent\" hreflang=\"en\">Recent\u003C/a>, \u003Ca href=\"/blog/guides/retirement\" hreflang=\"en\">Retirement\u003C/a>","description":"\u003Cp>Planning for retirement is one of the most critical financial decisions you will make. Whether in your 30s, 40s, or 50s, avoiding common retirement planning mistakes is key to ensuring long-term financial stability and peace of mind. Any missteps in your decisions can significantly impact your golden years, from underestimating healthcare costs to delaying investments.\u003C/p>\u003Cp>So, let’s see some of these common pitfalls and how to sidestep them using practical strategies and with reliable solutions like Shriram Life Insurance’s retirement plans.\u003C/p>\u003Ch2>\u003Cspan>\u003Cstrong>Why Avoiding Retirement Planning Mistakes Matters\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>Recognising and avoiding retirement planning mistakes early can mean the difference between a comfortable, stress-free retirement and years of financial strain. Small errors today can snowball into major problems tomorrow. Proactive planning, realistic goal-setting, and structured financial tools can help retirees live with dignity and independence.\u003C/p>\u003Cp>Products like \u003Ca href=\"https://www.shriramlife.com/life-insurance/pension-plus\" target=\"_blank\">\u003Cspan>Shriram Life Pension Plus Plan\u003C/span>\u003C/a> (UIN 128L065V03)\u003Cspan> \u003C/span>provide structured income options, helping retirees cover regular expenses and avoid financial pitfalls. The Shriram Life Pension Plus Plan helps individuals build a substantial retirement corpus while providing insurance coverage. \u003C/p>\u003Ch3>\u003Cspan>\u003Cstrong>Key Features of the Plan:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cstrong>Flexible Premium Payments:\u003C/strong> Choose from regular, limited, or single premium payment options. \u003C/li>\u003Cli>\u003Cstrong>Multiple Investment Funds:\u003C/strong> Select from 11 investment funds based on your risk appetite and financial goals. \u003C/li>\u003Cli>\u003Cstrong>Loyalty Additions: \u003C/strong>Receive loyalty additions at the end of every 5th policy year, enhancing the fund value. \u003C/li>\u003Cli>\u003Cstrong>Top-Up Premiums: \u003C/strong>Make additional contributions to boost your retirement corpus. \u003C/li>\u003Cli>\u003Cstrong>Unlimited Fund Switching and Premium Redirection:\u003C/strong> Adjust your investment strategy per market conditions without additional charges.\u003C/li>\u003C/ul>\u003Ch2>\u003Cspan>\u003Cstrong>Delaying Retirement Planning\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>Delaying retirement savings can be costly. The earlier you start, the more you benefit from compound interest and lower monthly contributions. Waiting means you'll need to save much more later to reach the same goal, risking disruptions from unexpected life events. Starting early gives your investments time to grow and builds a stronger safety net for retirement.\u003C/p>\u003Ch3>\u003Cspan>\u003Cstrong>Impact of Delayed Savings\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>Delaying your retirement planning robs you of the power of compound interest. For example, starting at 30 instead of 40 could result in nearly double the savings, even with modest monthly contributions.\u003C/p>\u003Ch3>\u003Cspan>\u003Cstrong>Start Early, Secure More\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>The key to successful retirement planning is to start early and stay consistent. The \u003Ca href=\"https://www.shriramlife.com/life-insurance/assured-income-plan\">\u003Cspan>Shriram Life Assured Income Plan \u003C/span>\u003C/a>(UIN: 128N053V05)\u003Cspan> \u003C/span>provides disciplined saving with guaranteed payouts, helping you set a strong financial foundation for the future.\u003C/p>\u003Ch2>\u003Cspan>\u003Cstrong>Ignoring the Impact of Inflation\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>Not accounting for inflation in retirement planning can seriously erode your financial security. As the cost of living rises, the value of your savings decreases. What costs ₹50,000 today could cost ₹1,00,000 in 15- 20 years. If you don’t plan for this, you may struggle to maintain your lifestyle in retirement. To protect your future, it’s crucial to factor inflation into your strategy and adjust your savings goals to keep pace.\u003C/p>\u003Ch3>\u003Cspan>\u003Cstrong>How to Combat Inflation\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>Choose investment options that grow at a rate higher than inflation. Building a portfolio with a mix of equity, debt, and guaranteed returns can help you maintain your purchasing power. The Shriram Life Pension Plus Plan is structured to provide flexible contributions with potential for inflation-beating returns over the long term.\u003C/p>\u003Ch2>\u003Cspan>\u003Cstrong>Overlooking Diversification in Retirement Portfolios\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>Investing in one asset class, such as real estate or fixed deposits, is risky. Market conditions are unpredictable, and relying on a single type of investment leaves you vulnerable to shifts that could erode your returns. A lack of diversification increases your exposure to risk and limits growth potential, making it harder to build a stable and resilient retirement portfolio.\u003C/p>\u003Ch3>\u003Cspan>\u003Cstrong>Why Diversification Is Crucial\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>Diversification means spreading your investments across asset classes such as:\u003C/p>\u003Cul>\u003Cli>Equity (for growth).\u003C/li>\u003Cli>Bonds and fixed income (for stability).\u003C/li>\u003Cli>Insurance and annuity products (for guaranteed income).\u003C/li>\u003C/ul>\u003Cp>Shriram Life’s range of plans allows you to build a balanced financial strategy that ensures growth, protection, and income.\u003C/p>\u003Ch2>\u003Cspan>\u003Cstrong>Neglecting Emergency Fund Planning\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>Relying solely on your retirement fund for all expenses, including unexpected ones, is a critical mistake. Life can bring unforeseen events like medical emergencies, home repairs, or urgent family needs. Without a dedicated emergency fund, you may be forced to withdraw from your retirement savings, disrupting your long-term financial plan and compromising your future security.\u003C/p>\u003Ch3>\u003Cspan>\u003Cstrong>How to Build an Emergency Fund\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>Set aside 6–12 months’ worth of living expenses in a liquid and easily accessible form (such as a high-interest savings account or short-term debt fund).\u003C/p>\u003Cp>A safety net can help retirees maintain their lifestyle and avoid unnecessary debt or selling long-term investments at a loss.\u003C/p>\u003Ch2>\u003Cspan>\u003Cstrong>Forgetting About Health Care Costs\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>Underestimating healthcare costs in retirement is a costly mistake. Rising treatment costs, insurance premiums, and potential long-term care often become one of the largest burdens for retirees. Without planning for these, savings can deplete quickly, forcing unwanted financial compromises. \u003C/p>\u003Ch3>\u003Cspan>\u003Cstrong>Plan Proactively for Medical Expenses\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>Include healthcare as a separate component in your retirement strategy. Invest in insurance products that help you manage out-of-pocket expenses. The \u003Ca href=\"https://www.shriramlife.com/life-insurance/early-cash-plan\" target=\"_blank\">\u003Cspan>Shriram Life Early Cash Plan\u003C/span>\u003C/a>\u003Cspan> \u003C/span>(UIN-128N093V03) is a good example. It provides early payouts for medical bills or preventive health check-ups, providing liquidity and peace of mind.\u003C/p>\u003Ch2>\u003Cspan>\u003Cstrong>Overlooking the Role of Annuities\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>Not considering annuities as part of your retirement plan can leave you without a reliable income stream in your later years. Annuities provide guaranteed, lifelong payouts, helping you manage monthly expenses and reducing the risk of outliving your savings. The \u003Ca href=\"https://www.shriramlife.com/life-insurance/immediate-annuity-plus\" target=\"_blank\">\u003Cspan>Shriram Life Immediate Annuity Plan\u003C/span>\u003C/a> (UIN - \u003Cspan>128N063V07\u003C/span>) is designed for retirees who want to convert a lump sum into regular income to help maintain their lifestyles.\u003C/p>\u003Ch2>\u003Cstrong>Failing to Diversify Retirement Investments\u003C/strong>\u003C/h2>\u003Cp>Failing to diversify your retirement investments can increase financial risk, as over-reliance on a single asset class makes your savings vulnerable to market fluctuations. Including options like the \u003Ca href=\"https://www.shriramlife.com/life-insurance/saral-pension\" target=\"_blank\">\u003Cspan>Shriram Life Saral Pension Plan\u003C/span>\u003C/a> (UIN: \u003Cspan>128N092V01\u003C/span>) in your portfolio adds stability through guaranteed returns, helping manage risk and ensure steady income in retirement.\u003C/p>\u003Ch2>\u003Cspan>\u003Cstrong>Conclusion\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>A successful retirement doesn’t just happen. It results from thoughtful planning and avoiding preventable mistakes. \u003C/p>\u003Cp>Here's a quick recap of the major pitfalls to steer clear of:\u003C/p>\u003Cul>\u003Cli>Start saving early to benefit from compounding.\u003C/li>\u003Cli>Account for inflation to preserve your buying power.\u003C/li>\u003Cli>Diversify your portfolio to reduce risks.\u003C/li>\u003Cli>Maintain an emergency fund to handle surprises.\u003C/li>\u003Cli>Plan for rising healthcare costs through dedicated insurance.\u003C/li>\u003Cli>Leverage annuities for guaranteed lifelong income.\u003C/li>\u003Cli>Review your strategy regularly to stay aligned with your goals.\u003C/li>\u003C/ul>\u003Cp>\u003Cspan>Comprehensive solutions from \u003C/span>\u003Ca href=\"https://www.shriramlife.com/\" target=\"_blank\">\u003Cspan>Shriram Life Insurance\u003C/span>\u003C/a>\u003Cspan> provide practical ways to build a secure, well-rounded \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/retirement-plan\" target=\"_blank\">\u003Cspan>retirement plans\u003C/span>\u003C/a>\u003Cspan>.\u003C/span>\u003C/p>","category":"/blog/advice"},{"title":"Tips for Choosing the Best Savings Plan for Your Needs","heading":"How to Choose Savings Plan for your Needs","short_description":"\u003Cp>\u003Cspan>The Indian financial market provides numerous investment options to achieve short-term and long-term financial goals.\u003C/span>\u003C/p>","tile_image":[{"media_img":{"url":"https://cdn.shriramlife.com/slic-kalam/files/2025-04/tips-for-choosing-the-best-savings-plan-for-your-needs_0.jpg?VersionId=aZSEe8_FEm9XIdUwgn8ahpTBBlLtlJaD","alt":"Best savings plan for your needs"},"media_svg":null,"media_svg_alt":"","media_document":null}],"posted_on":"2025-04-08T04:56:28","updated_on":"2025-04-08T04:56:33","read_more_title":"Know More","slug":"/how-to-choose-savings-plan-for-your-needs","field_bl_tag":"\u003Ca href=\"/blog/guides/recent\" hreflang=\"en\">Recent\u003C/a>, \u003Ca href=\"/blog/guides/savings\" hreflang=\"en\">Savings\u003C/a>","description":"\u003Cp>\u003Cspan>The Indian financial market provides numerous investment options to achieve short-term and long-term financial goals. This blog shares practical tips to help people choose the right Investment Plan without getting overwhelmed or confused. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>Choosing the right investment or Savings Plans is crucial because it ensures all your short and long-term financial goals are met efficiently and securely. When you align your investment choices with your desired time horizon, risk tolerance, investment objective, etc., you effortlessly maximise returns while managing risk. \u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Understanding Your Financial Goals\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Short-Term Vs. Long-Term Goals\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>You should clearly distinguish between your short-term and long-term goals before making investment choices because each requires a different strategy and financial product. Short-term goals generally cover financial objectives people aim to achieve within one to five years, such as planning for a vacation, building an emergency fund, saving for a wedding, etc. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>Since these goals require money in a relatively shorter timeframe, investing in saving instruments with high liquidity and capital safety is ideal. Short-term fixed deposits, recurring deposits, etc., are better investment choices for short-term goals. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>On the other hand, long-term goals have a time horizon exceeding five years and include saving for a child’s higher education, buying a house, building a retirement fund, etc. The longer duration enables people to benefit from the power of compounding and balance the risk from market volatility. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>If you’re investing to fulfil long-term goals, your ideal investment choices can be market-linked plans, such as \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/golden-jubilee-plan\" target=\"_blank\">\u003Cspan>Shriram Life Golden Jubilee Plan\u003C/span>\u003C/a>\u003Cspan> (UIN 128L095V01). This plan provides dual benefits of investment and Protection Plans. It also provides a partial withdrawal facility, switching between funds, tax benefits, and more. \u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Setting Clear Objectives\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>You can only find the suitable Savings Plan for your needs with clear objectives. If you’re still unsure about your goals, assess your current financial situation, risk profile, and desired returns within a defined time horizon. These details will help you make the right investment choices. \u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Evaluating Different Savings Plan Options\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Traditional Savings Accounts\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>These are the most common financial products in India. They provide a safe place to save money while giving easy access to funds and liquidity. While these accounts are ideal for people with a low-risk tolerance because of capital preservation, security, and high liquidity, their biggest drawback is low interest rates. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>They may not be the suitable choice if your financial strategy prioritises long-term wealth accumulation. \u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Life Insurance Savings Plans\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>These hybrid financial products combine life insurance coverage with systematic wealth accumulation. You can include these plans in your financial strategy if you want guaranteed returns after a particular period. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>The \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/assured-income-plan\" target=\"_blank\">\u003Cspan>Shriram Life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan> (UIN: 128N053V05) is one such plan that provides combined benefits of Savings Plans, Retirement Plans, and Child Plans. Since the plan provides guaranteed returns, people with a low-risk tolerance can use it to achieve their short and mid-term financial goals. \u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>High-Yield Savings Accounts\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>A high-yield savings account provides comparatively higher interest rates on savings than a traditional savings account. You must consider high-yield savings accounts to accumulate funds in a low-risk, highly liquid instrument while earning a better return on investment.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Assessing Your Risk Tolerance\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Low-Risk Vs. High-Risk Options\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Low-risk investment choices are designed to preserve capital and generate predictable returns, making them ideal for low-risk profile investors or those investing to meet short-term financial goals. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>National Savings Certificates (NSC), Fixed Deposits (FDs), Senior Citizen Savings Scheme (SCSS), and Life Insurance saving plans with guaranteed returns are some low-risk options. They’re secure and highly liquid but yield lower returns. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>High-risk options, such as market-linked plans, are preferred investment choices for people with moderate to high-risk tolerance who prioritise long-term wealth generation. Consider investing in options like the \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/wealth-pro\" target=\"_blank\">\u003Cspan>Shriram Life Wealth Pro Plan\u003C/span>\u003C/a>\u003Cspan> (UIN: 128L096V01) if you want to earn a significantly higher return on investment and are ready to take high risks. \u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Balancing Risk and Reward\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Your financial strategy should be based on a balanced approach between risk and reward. Explore low-risk options if you have limited income and rely entirely on your earnings and savings to meet living expenses. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>People with additional disposable income who can absorb potential losses without disrupting their financial stability can consider high-risk options. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>Diversifying your investment choices is recommended for balancing risk and reward. Spreading your investment choices across different asset classes and risk categories can help you maximise return on investments without overly exposing yourself to market risks and volatility. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan>\u003Cstrong>Considering Tax Benefits\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cstrong>Tax-Advantaged Savings Plans\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Different Savings Plans have different tax benefits, so you should explore tax implications relevant to your chosen investments. For example, your investments in Equity Linked Savings Schemes (ELSS), Life Insurance premiums, etc., can be claimed as eligible deductions u/s 80C to lower your taxable income and liability up to a maximum of ₹1,50,000/annum. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>Your interest earnings on traditional saving accounts can be claimed as a deduction u/s 80TTA, up to a maximum of ₹10,000/annum. Explore relevant tax-saving guidelines for optimal savings.\u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Maximising Tax Savings\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>The best way to maximise your tax savings is to utilise contribution limits under various sections, such as 80C, 10(10D), 80CCD(1B), 80CCC, etc. If you’re overwhelmed with the deductions and sections, consider consulting a certified tax professional for personalised guidance.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Seeking Professional Advice\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Working with Financial Advisors\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Consulting financial advisors is the best way to maximise your return on investments by finding the best Savings Plan and other investments aligned with your financial goals, risk-taking capacity, and desired returns.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>They’re well-informed of the latest taxation guidelines, market conditions, available investment options, etc., so they can create a better financial roadmap to help you achieve all your financial goals.\u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Customising Your Savings Plan\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Everyone has widely different financial circumstances and aspirations. Professional advice from certified tax planners or financial experts can help you create a customised financial strategy that matches your short and long-term financial goals and risk tolerance.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Conclusion\u003C/strong>\u003C/h2>\u003Cp>\u003Cspan>Choosing the right Savings Plans and other investments requires clearly defined financial goals, risk tolerance, and priorities. It can assist you to make informed investment choices that fulfil all your financial goals while respecting your risk profile.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>You can explore \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/savings-plan\" target=\"_blank\">\u003Cspan>Savings Plans\u003C/span>\u003C/a>\u003Cspan> and other \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/investment-plan\" target=\"_blank\">\u003Cspan>Investment Plans\u003C/span>\u003C/a>\u003Cspan> at \u003C/span>\u003Ca href=\"https://www.shriramlife.com/\" target=\"_blank\">\u003Cspan>Shriram Life Insurance\u003C/span>\u003C/a>\u003Cspan>, one of India’s most trusted insurance providers, to find the suitable financial product for your needs. We also provide various \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/retirement-plan\" target=\"_blank\">\u003Cspan>Retirement Plans\u003C/span>\u003C/a>\u003Cspan>, \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/child-plan\" target=\"_blank\">\u003Cspan>Child Plans\u003C/span>\u003C/a>\u003Cspan>, and \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/protection-plan\" target=\"_blank\">\u003Cspan>Protection Plans\u003C/span>\u003C/a>\u003Cspan> to help achieve various financial aspirations.\u003C/span>\u003C/p>","category":"/blog/advice"},{"title":"The Benefits of Long-Term Savings Plans for Future Planning","heading":"Benefits of Long-Term Savings Plans","short_description":"\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\" lang=\"EN-IN\">Life’s uncertainties make individuals prioritise future planning to achieve financial stability for a comfortab\u003C/span>\u003C/p>","tile_image":[{"media_img":{"url":"https://cdn.shriramlife.com/slic-kalam/files/2025-04/the-benefits-of-long-term-savings-plans-for-future-planning_0.jpg?VersionId=NlSs.Z8MUghx_7MxrJ064oPeZKpOePfc","alt":"Savings Plans for Future Planning"},"media_svg":null,"media_svg_alt":"","media_document":null}],"posted_on":"2025-04-07T06:42:44","updated_on":"2025-04-07T06:42:50","read_more_title":"Know More","slug":"/benefits-of-long-term-savings-plans","field_bl_tag":"\u003Ca href=\"/blog/guides/recent\" hreflang=\"en\">Recent\u003C/a>, \u003Ca href=\"/blog/guides/savings\" hreflang=\"en\">Savings\u003C/a>","description":"\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Life’s uncertainties make individuals prioritise future planning to achieve financial stability for a comfortable living. This blog focuses on discussing the importance of investing in the right Savings Plans early to achieve your long-term financial goals effortlessly.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Whether you want to save money to fund your child’s higher education after eight to ten years or build a significant retirement fund to enjoy your golden years after a decade, investing in the right long-term savings options can help you fulfil all your desires.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Understanding Long-Term Savings Plans\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Definition and Purpose\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">A long-term \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/savings-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Savings Plan\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> is a financial product designed to help people with systematic wealth accumulation over an extended period. These plans are available in various forms, such as government-backed instruments, market-linked investment plans, Life Insurance plans with savings components, etc.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Their primary purpose is to develop financial discipline through consistent savings while providing capital appreciation benefits or guaranteed returns over time.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Core Advantages\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Including long-term Savings Plans in your investment strategy can have numerous advantages. The biggest advantage is enjoying the benefits of compounding interest. It’s a principle wherein your earned interest on investments is reinvested over time for additional returns, generating considerable money.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">If you remain consistent with your investments, it can develop strong financial discipline for long-term economic well-being. You can also enjoy tax advantages by deducting eligible investments from gross total income for reduced taxable income and liability.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Benefits of Long-Term Savings Plans\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Building Wealth Over Time\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">If one of your biggest long-term financial goals is significant wealth accumulation, you must start investing early in the right Savings Plans. The extended investment period lets your capital grow over time using the power of compounding interest. It also balances the impact of short-term market volatility, facilitating gradual fund accumulation to meet diverse goals.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">You can explore the \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/new-shri-vidya-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Shriram Life New Shri Vidya Plan\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> (UIN: 128N051V03) if you’re looking for a low-risk Savings Plan to secure your child’s future. This Savings Plan combines the benefits of the best Child Plans, allowing you to enjoy dual benefits.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Besides supporting long-term savings creation, this plan also provides regular money-backs and additional bonuses for better returns.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Security for Retirement\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Many individuals include long-term savings and Investment Plans in their retirement planning because they help build a large enough fund to support the desired lifestyle during retirement.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">While the National Pension System (NPS), regular pension funds, annuity plans, etc., are common options to achieve financial stability in retirement, you can also explore more rewarding options, such as the \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/early-cash-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Shriram Life Early Cash Plan\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> (UIN: 128N093V02).\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">This non-linked participating plan combines multiple benefits of Savings, \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/child-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Child\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">, and Retirement Plans. Besides providing a capital guarantee, it also gives a cash bonus guarantee, compounding interest benefits, life cover, guaranteed income from 1st policy anniversary, and more, creating strong financial stability for golden years.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Tax Efficiency\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Including the right Savings Plans in your investment strategy can earn you immediate economic benefits through tax advantages. You can deduct eligible investments u/s 80C and other relevant sections to lower your taxable income and overall tax liability.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Maturity proceeds from particular plans, such as the \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/assured-savings-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Shriram Life Assured Savings Plan\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> (UIN 128N089V04) can also get you tax benefits u/s 10(10D). If you’re overwhelmed with the tax-saving sections and guidelines, consider consulting a reliable tax professional for personalised guidance.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>The Power of Compounding Interest\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>How Compounding Works\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Compounding interest is a powerful financial principle wherein the returns earned on your investment is reinvested to generate their own earnings. Unlike simple interest, which calculates returns on the principal amount, compounding lets interest accumulate on both the initial investment and the interest already earned.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">It leads to significant wealth accumulation over time. You can benefit more from compounding interest when investing in long-term savings options because the extended period provides adequate time for the interest to be reinvested for significant earnings.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Maximising Compounding Benefits\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">The easiest way to maximise compounding benefits is to start early. It lets the invested amount grow steadily over a period, earning substantial returns. Even small amounts invested consistently for an extended period can give significant results.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">If you have adequate income to maintain your lifestyle expenses, consider reinvesting the returns for optimal compounding benefits.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Developing a Long-Term Savings Strategy\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Setting Clear Financial Goals\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Thoughtful future planning is built on SMART financial goals, i.e., goals that are specific, measurable, achievable, relevant, and time- bound. These goals can be used as a roadmap to remain focused and disciplined over extended periods to achieve the desired economic aspirations.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">If you don’t have any clearly defined financial goals, start by identifying how much amount you’ll need after a particular period to achieve a specific desire, such as funding a child’s higher education, buying a house, saving enough for retirement, etc.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Then, adjust the amount according to standard inflation for the set timeframe to get a reasonable figure. Consult a professional financial expert for personalised guidance if you’re feeling overwhelmed.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Consistent Contributions\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Consistent contributions are one of the most crucial steps in achieving financial stability with long-term savings, \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/investment-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">investment\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">, or Protection Plans. It’s especially true for Life Insurance plans with savings elements because consistent payments will keep the policy active, so you can enjoy its maturity benefits without hassle.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Consistent contributions in other investments will benefit you through the power of compounding interest, so remain disciplined with your contributions.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Conclusion\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Long-term Savings Plans aren’t ordinary financial instruments but a way to achieve financial stability in the future. Since the market provides different types of Savings Plans, you can choose the right option based on your specific financial goals to fulfil them in the desired time horizon.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">If you’re searching for the best long-term Savings Plans or Investment Plans for wealth accumulation or another goal, explore the wide range of options available at \u003C/span>\u003Ca href=\"https://www.shriramlife.com\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Shriram Life Insurance\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">We’re one of India’s leading and most trusted insurers, providing a diverse range of Life Insurance plans, such as Savings Plans, \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/protection-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Protection Plans\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">, \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/retirement-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Retirement Plans\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">, etc., to help people achieve their particular financial goals.\u003C/span>\u003C/p>","category":"/blog/advice"},{"title":"Understanding the Tax Benefits of Savings Plans","heading":"Understanding the Tax Benefits of Savings Plans","short_description":"\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\" lang=\"EN-IN\">Many people invest for long-term financial security, but they often overlook a crucial aspect that influences t\u003C/span>\u003C/p>","tile_image":[{"media_img":{"url":"https://cdn.shriramlife.com/slic-kalam/files/2025-04/understanding-the-tax-benefits-of-savings-plans_0.jpg?VersionId=wiZhYoQt33KslELTrmlCZ5Ow5xOgTP5U","alt":"understanding tax benefits of savings"},"media_svg":null,"media_svg_alt":"","media_document":null}],"posted_on":"2025-04-04T10:37:37","updated_on":"2025-04-04T10:37:43","read_more_title":"Know More","slug":"/understanding-tax-benefits-of-savings-plans","field_bl_tag":"\u003Ca href=\"/blog/guides/recent\" hreflang=\"en\">Recent\u003C/a>, \u003Ca href=\"/blog/guides/savings\" hreflang=\"en\">Savings\u003C/a>","description":"\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Many people invest for long-term financial security, but they often overlook a crucial aspect that influences their investment returns – tax implications. Hence, this blog discusses the tax benefits of Savings Plans so you can strategically plan your investments for maximum tax-saving benefits. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Being aware of tax implications can prevent you from overlooking or under-utilising the tax benefits provided under the Income Tax Act, enabling you to accumulate more tax-free savings. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Overview of Tax Benefits\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Types of Tax Benefits\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">If you’re investing in Savings Plans in India, you can primarily enjoy two types of tax benefits: deduction and exemption benefits. Deduction tax benefits enable individuals to deduct a portion of their investment amount from their gross total income, lowering their taxable income and tax liability.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Individuals with investments in Life Insurance plans such as \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/assured-savings-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Shriram Life Assured Savings Plan\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> (UIN 128N089V04) can deduct premium payments u/s 80C, up to a maximum ₹1,50,000, as deduction benefits. Investments made in other Savings Plans, like the Public Provident Fund (PPF), Equity Linked Savings Scheme, etc., can also be claimed for deduction benefits.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Exemption tax benefits apply to the returns generated from Savings Plans. The returns from some investments can be tax-exempt u/s 10(10D) , subject to certain terms and conditions. Claiming both deductions requires strategic tax planning, so plan your investments wisely.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Importance of Tax Benefits\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">When choosing a \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/savings-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Savings Plans\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> or \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/investment-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Investment Plans\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">, always evaluate its associated tax implications as they will directly impact the net returns. It can help lower your immediate tax burden, freeing up more income for additional savings or investments.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Tax-exempt returns on maturity will ensure that the wealth generated through investments isn’t eroded by future tax liabilities. If you’re unable to choose the right plans for optimal tax credits and investment tax benefits, consult a reliable tax professional.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Common Tax-Advantages Savings Plans\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Individual Retirement Accounts (IRAs)\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Individual Retirement Accounts (IRAs) are tax-advantaged accounts that help people save for retirement. Contributions to these tax-advantaged accounts often qualify for tax deductions and the investments grow tax-deferred until withdrawal.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">In India, investments in National Pension System (NPS), Employee Provident Fund (EPF), Public Provident Fund (PPF), etc., provide comparable tax benefits u/s 80C, 80CCC, 80CCD(1), 80CCD(1B), etc., and retirement savings.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Health Savings Accounts (HSAs)\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Health Savings Accounts (HSAs) are tax-advantaged accounts created especially for medical savings. In India, you can find health insurance policies with tax-saving components similar to HSAs. They provide varying tax deduction benefits u/s 80D, based on the dependents included in the policy. It can significantly lower your taxable income and liability.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Maximising Tax Benefits with Savings Plans\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Contribution Limits\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">You must understand contribution limits to get maximum investment tax benefits and tax-free savings. Since different tax-advantaged accounts, such as Savings Plans, Retirement Plans, Child Plans, etc., provide tax deductions under different sections, knowing the maximum deduction limits can help optimize tax savings.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">For example, investors can claim a maximum deduction of ₹1,50,000 u/s 80C for their investments in Unit Linked Insurance Plans (ULIPs) like \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/wealth-pro\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Shriram Life Wealth Pro Plan\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> (UIN: 128L096V01), tax-saving Fixed Deposits (FDs), National Savings Certificate, etc., so ensure you don’t concentrate all your contributions in one area to prevent under utilising potential returns.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Explore different investment options that qualify for tax deductions under different sections for maximum tax-free savings.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Tax-Free Growth\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Some plans let investments grow without attracting taxes at accumulation or withdrawal. In India, certain plans, such as the Public Provident Fund (PPF), Employee Provident Fund (EPF), etc., provide similar tax-free growth benefits. Some Unit Linked Insurance Plans (ULIPs) like the \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/fortune-builder\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Shriram Life Fortune Builder\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> (UIN: 128L038V03) also provide tax-free growth on market-linked earnings until withdrawal. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Strategies for Effective Tax Planning\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Regular Review and Adjustments\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Whether you’re creating your financial planning or tax planning strategy for the current year, you should remember to review it routinely for timely adjustments. Since tax laws, contribution limits, eligible deductions, etc., may change at any time, it’s crucial to review your strategies timely so they’re aligned with the existing regulations.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Regular review and adjustments will ensure minimal or no missed opportunities for maximising tax benefits.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Consulting a Tax Professional\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">While self-directed tax planning strategies can be beneficial, staying informed of all the latest regulations, investment options, market conditions, etc., can be overwhelming for most individuals.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">If you lack the relevant information and expertise to create highly efficient tax-saving plans, we recommend consulting a tax professional for personalised guidance. Besides saving your time and mental energy, professional tax consultation will also facilitate saving maximum taxes on your investment returns.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Conclusion\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Investing in Savings Plans alone isn’t enough to achieve financial security; you must also be aware of the associated tax implications to receive maximum returns and fulfil long-term financial goals. Since different plans have different tax implications, we recommend checking the available tax benefits for your chosen investments and planning accordingly.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">You can explore multiple Savings Plans at \u003C/span>\u003Ca href=\"https://www.shriramlife.com/\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Shriram Life Insurance\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">, one of India’s most trusted insurance providers, as they’re designed to help policyholders accomplish their financial goals while enjoying tax savings. Besides Savings Plans, we also provide numerous \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/protection-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Protection Plans\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">, \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/child-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Child Plans\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">, Investment Plans, etc., that effortlessly align with most individuals’ financial goals.\u003C/span>\u003C/p>","category":"/blog/advice"},{"title":"How to Effectively Manage and Monitor Your Savings Plan","heading":"Proven Tips to Manage and Monitor Your Savings Plan","short_description":"\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\" lang=\"EN-IN\">Investing in the right Savings Plan can set you up for financial success, but simply investing isn’t enough.\u003C/span>\u003C/p>","tile_image":[{"media_img":{"url":"https://cdn.shriramlife.com/slic-kalam/files/2025-04/how-to-effectively-manage-and-monitor-your-savings-plan_0.jpg?VersionId=HCc1520g4YUwH2bJ0C8IFcHznF0MBEMm","alt":"Monitoring savings plans"},"media_svg":null,"media_svg_alt":"","media_document":null}],"posted_on":"2025-04-03T05:48:39","updated_on":"2025-04-03T05:48:45","read_more_title":"Know More","slug":"/tips-to-manage-and-monitor-savings-plan","field_bl_tag":"\u003Ca href=\"/blog/guides/recent\" hreflang=\"en\">Recent\u003C/a>, \u003Ca href=\"/blog/guides/savings\" hreflang=\"en\">Savings\u003C/a>","description":"\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Investing in the right Savings Plan can set you up for financial success, but simply investing isn’t enough. You must actively manage and monitor your Savings Plans to get the desired benefits. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">This blog will guide you through the best practices of effectively managing and monitoring your Savings Plans so you always stay in control and build lasting financial success. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Setting Up Your Savings Plan\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Defining Financial Goals\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Start your financial planning phase by identifying what you are saving for and why. It will ensure you find the right Savings Plans for your portfolio. We recommend setting specific, realistic, and measurable financial goals as they will prevent unwanted frustration or financial strain. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">If you feel overwhelmed with this process, consider consulting a professional financial expert for personalised guidance. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Choosing the Right Savings Strategy\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Once you’ve identified your specific financial goals, explore a savings strategy that aligns with them. We believe there is never a one-size-fits-all approach, so always choose a savings strategy based on the nature of your goals, risk tolerance, and investment horizon.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">For instance, fixed deposits, recurring deposits, and high-interest savings accounts are ideal for accomplishing short-term financial goals. They provide safety and guaranteed returns to people with a low-risk profile. \u003C/span>\u003C/p>\u003Cp>\u003Ca href=\"https://www.shriramlife.com/life-insurance/assured-income-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Shriram Life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan lang=\"EN\" lang=\"EN\"> (UIN: 128N053V05)\u003C/span>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> is also a low-risk Savings Plan that helps policyholders accumulate wealth through systematic savings. Debt mutual funds, guaranteed Savings Plans by insurance companies, hybrid funds, etc., are better suited to fulfil medium-term goals. These instruments are recommended for people with a low to moderate risk profile. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Tools for Managing Your Savings Plan\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Budgeting Apps and Software\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Budgeting apps and software play a vital role in helping individuals organize their finances. You can use it to streamline your budget management and identify areas where money can be saved or redirected to achieve financial goals. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">While numerous tools exist in the market, you can explore options budgeting apps. They’re intuitive, easy to use, and loaded with features that can help you monitor savings, performance tracking, and more. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">If you have multiple investments in Savings or Investment Plans, these tools can give you a bird’s eye view of all the investments, expected return, etc., on a single platform, assisting you to make informed future financial budgets. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Automated Savings Tools\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Busy professionals love using automated savings tools as they simplify their savings processes. If you find managing multiple Savings or Child Plans investments difficult, consider exploring tools that automatically transfer a predetermined amount from your account at regular intervals.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Several banks and financial institutions provide automated savings tools, such as Standing Instructions (SI), Auto-Debit Mandates, etc., to automate fund transfers to your chosen accounts. This automated transfer supports consistent savings without worrying about missing important payments. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Monitoring the Performance of Your Savings Plan\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Regular Financial Reviews\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Since personal circumstances, financial priorities, and even the broader economic landscape can change over time, everyone should conduct frequent investment monitoring and review processes. These timely reviews will help you ensure that all your investments remain aligned with your changing financial needs and evolving goals. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Tracking Investment Performance\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Frequent investment monitoring and performance tracking are crucial for effective investment management, especially for market-linked plans. If you have mutual funds, Unit Linked Insurance Plans (ULIPs) like \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/wealth-pro\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Shriram Life Wealth Pro Plan\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> (UIN: 128L096V01), Equity-Linked Savings Scheme (ELSS), etc., in your savings portfolio, their performance will fluctuate based on market conditions.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Continuous monitoring and tracking will help ensure these investments yield returns in alignment with your expectations and risk tolerance. You can track the performance by evaluating key metrics, such as annualised returns, volatility, and benchmark comparisons of your investments. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">For instance, if you’ve invested in mutual funds, compare the fund’s performance against its category average or benchmark index to gauge relative performance. Those with ULIP investments can track the Net Asset Value (NAV) to assess how funds are performing in the market. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">The precise tracking method will depend on the investment product, so explore appropriate tracking methods. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Adjusting Your Savings Plan\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Adapting to Changing Financial Goals\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Your savings strategy should evolve with time to accommodate changes in your circumstances or financial priorities. What seemed essential five years ago may no longer remain relevant after a few years. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Regularly assessing Savings Plans and other investments like \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/protection-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Protection Plans\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> or \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/retirement-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Retirement Plans\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> can help you stay on track with your financial aspirations. To adapt to such changes, we encourage individuals to redefine their financial goals every six months or at least once a year. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">You can then evaluate whether the existing savings and investment allocations are sufficient to meet the revised goals. These inputs will help you make appropriate changes to achieve the new financial goals. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Responding to Market Changes\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Financial markets are inherently unpredictable. Hence, always respond proactively to protect your savings and optimise returns. Your response should always match with your investment type. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">For example, if you’ve invested in market-linked savings plans, your portfolio may become overexposed to underperforming stocks in declining equity markets. In such cases, you can rebalance the risk by shifting funds towards more stable asset classes, like debt instruments or fixed deposits. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Those with ULIP investments can use fund-switching options to respond to market dynamics. For instance, policyholders can shift to a low-risk debt fund during periods of high market uncertainty to minimise risk and move back to equity funds when the market stabilises. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">If you find it overwhelming, consider investing in a Savings Plan like \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/sunishchit-laabh\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Shriram Life Sunishchit Laabh\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">, as it offers assured returns, regardless of market changes. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Conclusion\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Managing and monitoring your Savings Plans is an ongoing activity that demands constant attention and effort. While some people prefer to do it manually, using advanced budgeting tools and automated savings can streamline the process. You can use these tools for effortless financial planning. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">If you plan to invest in more Savings Plans to cater to your evolved financial needs, explore the wide range of \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/savings-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Savings Plans\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> at Shriram Life Insurance. We’re one of India’s leading insurance providers, offering a diverse range of retirement, investment, \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/child-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">child\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">, protection, and savings plans.\u003C/span>\u003C/p>","category":"/blog/advice"},{"title":"How Savings Plans Can Provide Financial Security for Emergencies","heading":"How Savings Plans Can Save You in Emergencies?","short_description":"\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\" lang=\"EN-IN\">Emergencies can occur in any person’s life at any stage.\u003C/span>\u003C/p>","tile_image":[{"media_img":{"url":"https://cdn.shriramlife.com/slic-kalam/files/2025-04/how-savings-plans-can-provide-financial-security-for-emergencies_0.jpg?VersionId=e94c1riuO_CC2X.T8aAe9bz4CKjXPgBf","alt":"Did Savings Plans Provide Financial Securities for Emergencies?"},"media_svg":null,"media_svg_alt":"","media_document":null}],"posted_on":"2025-04-02T11:47:16","updated_on":"2025-04-02T11:47:22","read_more_title":"Know More","slug":"/how-savings-plans-can-save-in-emergencies","field_bl_tag":"\u003Ca href=\"/blog/guides/recent\" hreflang=\"en\">Recent\u003C/a>, \u003Ca href=\"/blog/guides/savings\" hreflang=\"en\">Savings\u003C/a>","description":"\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Emergencies can occur in any person’s life at any stage. Hence, everyone should be prepared to handle these challenging situations. This blog discusses how individuals can use Savings Plans to build strong financial security for such times. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Investment in the right Savings Plans builds a financial cushion that protects you against financial setbacks from any emergency, such as job loss, major medical treatment, expensive home repairs, or any unavoidable expenses.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>The Role of Savings Plans in Financial Security\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>What Constitutes an Emergency Fund?\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">An emergency fund creation should be treated like a non-negotiable aspect of your financial planning journey. This dedicated reserve of money should be set aside to cover unexpected financial situations that demand immediate attention.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Financial experts generally recommend maintaining an emergency fund equivalent to six months of living expenses, but you can save more for enhanced safety and stability. This fund can reduce financial stress during emergencies by providing instant liquidity to meet essential expenses.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Savings Plans as a Safety Net\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Savings Plans help build emergency savings that can be accessed when emergencies arise. Since Savings Plans encourage disciplined and systematic contributions, you enjoy capital preservation and consistent growth through interest earnings or investment returns.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Many Savings Plans provide flexible withdrawal options or liquidity provisions so you can access funds when needed. This instant accessibility of funds creates a financial safety net that ensures peace of mind and prevents you from resorting to high-interest loans to manage emergencies.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Some options, like the \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/premier-assured-benefit-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Shriram Life Premier Assured Benefit Plan\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> (UIN: 128N094V04), also help you enjoy financial stability during emergencies by creating an additional income stream in the form of annual earnings. The plan provides multiple pay-out options so policyholders can effortlessly navigate economic challenges at every life stage.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Types of Savings Plans for Emergencies\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>High-Yield Savings Accounts\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">These specialised bank accounts provide comparatively higher interest rates than traditional savings accounts. High-yield savings accounts are ideal for building and maintaining emergency funds as they combine easy access to funds with the benefit of earning competitive returns on idle cash.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">These accounts are perfect if you have a low-risk profile and want to prioritise building liquid assets to handle financial emergencies effortlessly.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Money Market Accounts\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">People with moderate risk profiles may explore money market accounts as they have the potential to generate higher returns on initial savings or investments. You can explore options, such as treasury bills, certificates of deposits, commercial papers, or other short-term yet highly liquid financial instruments.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">The biggest benefit of using these accounts for building an emergency fund is the potential to create a substantial emergency reserve with the same amount of money, translating to more money for emergencies. If you prioritise wealth creation, complement your money market account purchases with market-linked \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/investment-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Investment Plans\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> or \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/retirement-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Retirement Plans\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Short-Term Fixed Deposits\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Short-term fixed deposits are another low-risk option that provides capital protection and steady growth to prepare you for emergencies. Unlike traditional fixed deposits, these deposits range from seven days to twelve months. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Since deposit holders have the facility to withdraw funds prematurely, this quick access savings amount can be used to tackle any emergency. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Advantages of Using Savings Plans for Emergencies\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Immediate Accessibility\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Financial emergencies demand quick action, so you must always invest in Savings Plans that provide immediate fund accessibility. Instant access to funds during emergencies ensures that the tough situation gets contained at the earliest, preventing further financial damage. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">You can choose Savings Plans like the \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/assured-income-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Shriram Life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> (UIN: 128N053V05), as it provides a regular income option after a particular period. This steady stream of additional income can be used to handle financial challenges during emergencies. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Maintaining Financial Stability\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Savings Plans provide a ready pool of funds during emergencies that can be instantly accessed to meet expenses without compromising one’s economic well-being. These funds ensure you continue managing your lifestyle and tackle the emergency using the saved funds without any hassle or stress. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Maximising the Efficiency of Emergency Savings\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Regular Contributions\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Consistent contributions to Savings Plans are essential for building dependable emergency savings. Regular contributions ensure your emergency fund grows steadily over time, keeping pace with the rising inflationary prices and potential future emergencies. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Diversifying Emergency Savings\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">While most Savings Plans are low-risk, people should not rely on only one type of plan. Diversifying your savings across different plans will give you multiple benefits, such as security, growth, and accessibility. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">It is the easiest way to reduce the risk of capital erosion due to inflation, ensuring your funds are not overly exposed to market fluctuations. For example, you may invest a portion of your funds in high-yield savings accounts for security and the balance in Savings Plans like \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/early-cash-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Shriram Life Early Cash Plan\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> (UIN: 128N093V02) for higher return potential to build a sizable emergency fund. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">You can explore other diversification options, such as Childs Plans or Protection Plans with built-in savings features for steady wealth accumulation. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Conclusion\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Investing in Savings Plans is the easiest and least risky way to build a safety net for financially challenging times. These disciplined and structured savings help create an emergency reserve that can be used to instantly access funds during emergencies. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Shriram Life Insurance, one of India’s leading insurance providers, provides a wide range of \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/savings-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Savings Plans\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> that can help you create emergency funds and achieve other financial goals. We also provide a wide range of Child Plans, Investment Plans, Retirement Plans, etc., to support diverse financial aspirations.\u003C/span>\u003C/p>","category":"/blog/advice"}],"blog_count":[{"count":163,"counts":163}],"nothing":"all","nothing_1":317}],"headers":{"x-powered-by":["Express"],"content-type":["text/html; charset=utf-8"],"content-length":["129006"],"etag":["W/\"1f7ee-bKpS/XcHso2PIWeWiqDFk79LKVY\""],"vary":["Accept-Encoding"],"date":["Thu, 08 May 2025 12:38:35 GMT"],"connection":["keep-alive"],"keep-alive":["timeout=5"]},"status":200,"statusText":"OK","url":"http://127.0.0.1:4000/api/v1/tagged-blogs/317/all","responseType":"json"},"2489646597":{"body":[{"title":"Api - Header","top_nav":[{"title":"Header - Top nav Test","menu_group":[{"title":"Initiate Claim","heading":"Initiate Claim","menu_link":{"url":"https://myaccount.shriramlife.com/CustomerPortal/ClaimIntimation","text":"Initiate Claim"},"sub_menu":[],"classes":"link","menu_style":"Normal","is_new":""},{"title":"New Policy Payment","heading":"New Policy Payment","menu_link":{"url":"https://shriramlife.in/SLP/PaymentProcess","text":"https://shriramlife.in/SLP/PaymentProcess"},"sub_menu":[],"classes":"link","menu_style":"Normal","is_new":""},{"title":"Top Nav - Become an agent","heading":"Become an agent","menu_link":{"url":"/legal/become-an-advisor","text":"Became an Agent"},"sub_menu":[],"classes":"link","menu_style":"Normal","is_new":""},{"title":"Top Nav - Quick Pay","heading":"Quick Pay","menu_link":{"url":"https://shriramlife.in/SLP/Digital/SLICInstaRenew.aspx","text":"Quick Pay"},"sub_menu":[],"classes":"btn","menu_style":"Normal","is_new":""},{"title":"Resume Journey","heading":"Resume Journey","menu_link":{"url":"https://buy.shriramlife.com/OnlineInsurance/Resume-Application","text":"Resume Application"},"sub_menu":[],"classes":"outline-btn","menu_style":"Normal","is_new":""},{"title":"Top Nav - Login","heading":"Login","menu_link":{"url":"https://myaccount.shriramlife.com/CustomerPortal/login","text":"Login"},"sub_menu":[],"classes":"Login","menu_style":0,"is_new":""}],"classes":0,"menu_style":0}],"menu":[{"title":"Header Menu","menu_group":[{"title":"Header Menu - Life Insurance Plans","heading":"Life Insurance Plans","menu_link":{"url":"","text":""},"sub_menu":[{"title":"Savings Plans ","heading":"Savings Plans","menu_link":{"url":"/life-insurance/savings-plan","text":"/life-insurance/savings-plan"},"sub_menu":[{"title":"Shriram Life Sunishchit Laabh","heading":"Shriram Life Sunishchit Laabh","menu_link":{"url":"/life-insurance/sunishchit-laabh","text":"/life-insurance/sunishchit-laabh"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":"Yes"},{"title":"Shriram Life Assured Income Plan","heading":"Shriram Life Assured Income Plan","menu_link":{"url":"/life-insurance/assured-income-plan","text":"/life-insurance/assured-income-plan"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Shriram Life Early Cash Plan","heading":"Shriram Life Early Cash Plan","menu_link":{"url":"/life-insurance/early-cash-plan","text":"/life-insurance/early-cash-plan"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Shriram Life Premier Assured Benefits","heading":"Shriram Life Premier Assured Benefits","menu_link":{"url":"/life-insurance/premier-assured-benefit-plan","text":"/life-insurance/premier-assured-benefit-plan"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Shriram Life New Shri Vidya Plan","heading":"Shriram Life New Shri Vidya Plan","menu_link":{"url":"/life-insurance/new-shri-vidya-plan","text":"/life-insurance/new-shri-vidya-plan"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Shriram Life Assured Savings Plan","heading":"Shriram Life Assured Savings Plan","menu_link":{"url":"/life-insurance/assured-savings-plan","text":"/life-insurance/assured-savings-plan"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Shriram New Shri Life plan","heading":"Shriram New Shri Life plan","menu_link":{"url":"/life-insurance/new-shri-life-plan","text":"/life-insurance/new-shri-life-plan"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Shriram Life Super Income Plan","heading":"Shriram Life Super Income Plan","menu_link":{"url":"/life-insurance/super-income-plan","text":"/life-insurance/super-income-plan"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""}],"classes":0,"menu_style":0,"cta":{"url":"","text":""},"is_new":""},{"title":"Retirement Plans","heading":"Retirement Plans","menu_link":{"url":"/life-insurance/retirement-plan","text":"/life-insurance/retirement-plan"},"sub_menu":[{"title":"Shriram Life Assured Income Plan","heading":"Shriram Life Assured Income Plan","menu_link":{"url":"/life-insurance/assured-income-plan","text":"/life-insurance/assured-income-plan"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Shriram Life Early Cash Plan","heading":"Shriram Life Early Cash Plan","menu_link":{"url":"/life-insurance/early-cash-plan","text":"/life-insurance/early-cash-plan"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Shriram Life Saral Pension","heading":"Shriram Life Saral Pension","menu_link":{"url":"/life-insurance/saral-pension","text":"/life-insurance/saral-pension"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Shriram Life Pension Plus","heading":"Shriram Life Pension Plus","menu_link":{"url":"/life-insurance/pension-plus","text":"/life-insurance/pension-plus"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Shriram Life Immediate Annuity Plus","heading":"Shriram Life Immediate Annuity Plus","menu_link":{"url":"/life-insurance/immediate-annuity-plus","text":"/life-insurance/immediate-annuity-plus"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Shriram Life Deferred Annuity Plan","heading":"Shriram Life Deferred Annuity Plan","menu_link":{"url":"/life-insurance/deferred-annuity-plan","text":"/life-insurance/deferred-annuity-plan"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""}],"classes":0,"menu_style":0,"cta":{"url":"","text":""},"is_new":""},{"title":"Child Plans","heading":"Child Plans","menu_link":{"url":"/life-insurance/child-plan","text":"/life-insurance/child-plan"},"sub_menu":[{"title":"Shriram Life Assured Income Plan","heading":"Shriram Life Assured Income Plan","menu_link":{"url":"/life-insurance/assured-income-plan","text":"/life-insurance/assured-income-plan"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Shriram Life Early Cash Plan","heading":"Shriram Life Early Cash Plan","menu_link":{"url":"/life-insurance/early-cash-plan","text":"/life-insurance/early-cash-plan"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Shriram Life New Shri Vidya Plan","heading":"Shriram Life New Shri Vidya Plan","menu_link":{"url":"/life-insurance/new-shri-vidya-plan","text":"/life-insurance/new-shri-vidya-plan"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""}],"classes":0,"menu_style":0,"cta":{"url":"","text":""},"is_new":""},{"title":"Investment Plans","heading":"Investment Plans","menu_link":{"url":"/life-insurance/investment-plan","text":"/life-insurance/investment-plan"},"sub_menu":[{"title":"Shriram Life Growth Plus","heading":"Shriram Life Growth Plus","menu_link":{"url":"/life-insurance/growth-plus","text":"/life-insurance/growth-plus"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Shriram Life Fortune Builder","heading":"Shriram Life Fortune Builder","menu_link":{"url":"/life-insurance/fortune-builder","text":"/life-insurance/fortune-builder"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Shriram Life Golden Jubilee Plan","heading":"Shriram Life Golden Jubilee Plan","menu_link":{"url":"/life-insurance/golden-jubilee-plan","text":"/life-insurance/golden-jubilee-plan"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Shriram Life Wealth Pro","heading":"Shriram Life Wealth Pro","menu_link":{"url":"/life-insurance/wealth-pro","text":"/life-insurance/wealth-pro"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""}],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Protection Plans","heading":"Protection Plans","menu_link":{"url":"/life-insurance/protection-plan","text":"/life-insurance/protection-plan"},"sub_menu":[{"title":"Shriram Life Smart Protection Plan","heading":"Shriram Life Smart Protection Plan","menu_link":{"url":"/life-insurance/smart-protection-plan","text":"/life-insurance/smart-protection-plan"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Shriram Life Online Term Plan","heading":"Shriram Life Online Term Plan","menu_link":{"url":"/life-insurance/online-term-plan","text":"/life-insurance/online-term-plan"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Shriram Life Comprehensive Cancer Care","heading":"Shriram Life Comprehensive Cancer Care","menu_link":{"url":"/life-insurance/comprehensive-cancer-care","text":"/life-insurance/comprehensive-cancer-care"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Shriram Life Family Protection Plan","heading":"Shriram Life Family Protection Plan","menu_link":{"url":"/life-insurance/family-protection-plan","text":"/life-insurance/family-protection-plan"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Shriram Life Cash Back Term","heading":"Shriram Life Cash Back Term","menu_link":{"url":"/life-insurance/cash-back-term-plan","text":"/life-insurance/cash-back-term-plan"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Shriram Life My Spouse Term Plan","heading":"Shriram Life My Spouse Term Plan","menu_link":{"url":"/life-insurance/my-spouse-term-plan","text":"/life-insurance/my-spouse-term-plan"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Shriram Life Smart Protection Plan SP","heading":"Shriram Life Smart Protection Plan SP","menu_link":{"url":"/life-insurance/smart-protection-plan-sp","text":"/life-insurance/smart-protection-plan-sp"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Shriram Life Saral Jeevan Bima","heading":"Shriram Life Saral Jeevan Bima","menu_link":{"url":"/life-insurance/saral-jeevan-bima","text":"/life-insurance/saral-jeevan-bima"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Shriram Life Group Life Protector SP","heading":"Shriram Life Group Life Protector SP","menu_link":{"url":"/life-insurance/group-life-protector-sp","text":"/life-insurance/group-life-protector-sp"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Shriram Life Group Term Life Insurance Plan","heading":"Shriram Life Group Term Life Insurance Plan","menu_link":{"url":"/life-insurance/group-term-life-insurance-plan","text":"/life-insurance/group-term-life-insurance-plan"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""}],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Microinsurance Plans","heading":"Microinsurance Plans","menu_link":{"url":"/life-insurance/micro-insurance-plan","text":"/life-insurance/micro-insurance-plan"},"sub_menu":[{"title":"Shriram Life Sujana","heading":"Shriram Life Sujana","menu_link":{"url":"/life-insurance/sujana","text":"/life-insurance/sujana"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Shriram Life Jana Sahay","heading":"Shriram Life Jana Sahay","menu_link":{"url":"/life-insurance/jana-sahay","text":"/life-insurance/jana-sahay"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""}],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Special Plans","heading":"Special Plans","menu_link":{"url":"/life-insurance/special-plan","text":"/life-insurance/special-plan"},"sub_menu":[{"title":"Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana","heading":"Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana","menu_link":{"url":"/life-insurance/pradhan-mantri-jeevan-jyoti-bima-yojana","text":"/life-insurance/pradhan-mantri-jeevan-jyoti-bima-yojana"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""}],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Employee Benefits Plans","heading":"Employee Benefits Plans","menu_link":{"url":"/life-insurance/employee-benefit-plan","text":"/life-insurance/employee-benefit-plan"},"sub_menu":[{"title":"Shriram Life New Group Gratuity Plan","heading":"Shriram Life New Group Gratuity Plan","menu_link":{"url":"/life-insurance/new-group-gratuity","text":"/life-insurance/new-group-gratuity"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Shriram Life Group Traditional Empolyee Benefit Plan","heading":"Shriram Life Group Traditional Empolyee Benefit Plan","menu_link":{"url":"/life-insurance/group-traditional-employee-benefit-plan","text":"/life-insurance/group-traditional-employee-benefit-plan"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Shriram Life Group Superannuation Plan","heading":"Shriram Life Group Superannuation Plan","menu_link":{"url":"/life-insurance/group-superannuation-plan","text":"/life-insurance/group-superannuation-plan"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Shriram Life Group Term Life Insurance in lieu of EDLI","heading":"Shriram Life Group Term Life Insurance in lieu of EDLI","menu_link":{"url":"/life-insurance/group-term-life-insurance-plan-edli","text":"/life-insurance/group-term-life-insurance-plan-edli"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""}],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Traditional Riders","heading":"Traditional Riders","menu_link":{"url":"/life-insurance/rider","text":"/life-insurance/rider"},"sub_menu":[{"title":"Shriram Life Accident Benefit Rider","heading":"Shriram Life Accident Benefit Rider","menu_link":{"url":"/life-insurance/accident-benefit-rider","text":"/life-insurance/accident-benefit-rider"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Shriram Life Critical Illness Plus Rider","heading":"Shriram Life Critical Illness Plus Rider","menu_link":{"url":"/life-insurance/critical-illness-plus-rider","text":"/life-insurance/critical-illness-plus-rider"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Shriram Life Family Income Benefit Rider","heading":"Shriram Life Family Income Benefit Rider","menu_link":{"url":"/life-insurance/family-income-benefit-rider","text":"Shriram Life Family Income Benefit Rider"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Shriram Life Extra Insurance Cover Rider","heading":"Shriram Life Extra Insurance Cover Rider","menu_link":{"url":"/life-insurance/extra-insurance-cover-rider","text":"/life-insurance/extra-insurance-cover-rider"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""}],"classes":0,"menu_style":0,"cta":null,"is_new":"No"},{"title":"ULIP Riders","heading":"ULIP Riders","menu_link":{"url":"/life-insurance/rider","text":"/life-insurance/rider"},"sub_menu":[{"title":"Shriram Life Accidental Death And Disability Rider","heading":"Shriram Life Accidental Death And Disability Rider","menu_link":{"url":"/life-insurance/accidental-death-and-disability-rider","text":"/life-insurance/accidental-death-and-disability-rider"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":"No"},{"title":"Shriram Life Accident Death And Disability Income Rider","heading":"Shriram Life Accident Death And Disability Income Rider","menu_link":{"url":"/life-insurance/accident-death-and-disability-income-rider","text":"/life-insurance/accident-death-and-disability-income-rider"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":"No"},{"title":"Shriram Life Critical Illness Care Rider","heading":"Shriram Life Critical Illness Care Rider","menu_link":{"url":"/life-insurance/critical-illness-care-rider","text":"/life-insurance/critical-illness-care-rider"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":"No"}],"classes":0,"menu_style":0,"cta":null,"is_new":"No"}],"classes":"--extraLarge","menu_style":"Life Insurance","is_new":"No"},{"title":"Sub Menu - Calculators","heading":"Calculators","menu_link":{"url":"","text":""},"sub_menu":[{"title":"Calculators - Generic Calculator","heading":"Generic Calculators","menu_link":{"url":"","text":""},"sub_menu":[{"title":"Children's Saving Calculator","heading":"Children's Saving Calculator","menu_link":{"url":"/child-growth-planner","text":"Child Plan Calculator"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Savings Planner Calculator","heading":"Savings Plans Calculator","menu_link":{"url":"/savings-planner","text":"Savings plans calculator"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Retirement Calculator","heading":"Retirement Calculator","menu_link":{"url":"/retirement-calculator","text":"/retirement-calculator"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Double Your Money Calculator","heading":"Double Your Money Calculator","menu_link":{"url":"/double-your-money-calculator","text":"/double-your-money-calculator"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"HLV Calculator","heading":"HLV Calculator","menu_link":{"url":"/hlv-calculator","text":"HLV Calculator"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"BMI Calculator","heading":"BMI Calculator","menu_link":{"url":"/bmi-calculator","text":"/bmi-calculator"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Smoking Calculator","heading":"Smoking Calculator","menu_link":{"url":"/smoking-calculator","text":"Smoking Calculator"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Income Tax Calculator","heading":"Income Tax Calculator","menu_link":{"url":"/income-tax-calculator","text":"Income Tax Calculator"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"HRA Calculator","heading":"HRA Calculator","menu_link":{"url":"/hra-calculator","text":"HRA Calculator"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""}],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Calculators - Product Calculators","heading":"Product Calculators","menu_link":{"url":"","text":""},"sub_menu":[{"title":"Shriram Life Premier Assured Benefit Calculator","heading":"Shriram Life Premier Assured Benefit Calculator","menu_link":{"url":"/life-insurance/premier-assured-benefit-plan-calculator","text":"/life-insurance/premier-assured-benefit-plan-calculator"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":"No"},{"title":"Shriram Life Assured Income Plan Calculator","heading":"Shriram Life Assured Income Plan Calculator","menu_link":{"url":"/life-insurance/assured-income-plan-calculator","text":"/life-insurance/assured-income-plan-calculator"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":"No"},{"title":"Shriram New Shri Life Plan Calculator","heading":"Shriram New Shri Life Plan Calculator","menu_link":{"url":"/life-insurance/new-shri-life-plan-calculator","text":"/life-insurance/new-shri-life-plan-calculator"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":"No"},{"title":"Shriram Life New Shri Vidhya Calculator","heading":"Shriram Life New Shri Vidhya Calculator","menu_link":{"url":"/life-insurance/new-shri-vidya-plan-calculator","text":"/life-insurance/new-shri-vidya-plan-calculator"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":"No"},{"title":"Shriram Life Early Cash Plan Calculator","heading":"Shriram Life Early Cash Plan Calculator","menu_link":{"url":"/life-insurance/early-cash-plan-calculator","text":"/life-insurance/early-cash-plan-calculator"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":"No"},{"title":"Shriram Life Assured Savings Plan Calculator","heading":"Shriram Life Assured Savings Plan Calculator","menu_link":{"url":"/life-insurance/assured-savings-plan-calculator","text":"/life-insurance/assured-savings-plan-calculator"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":"No"}],"classes":0,"menu_style":0,"cta":null,"is_new":"No"}],"classes":"--large","menu_style":"Calculator","is_new":""},{"title":"Header Menu - Services","heading":"Services","menu_link":{"url":"","text":""},"sub_menu":[{"title":"Services","heading":"Services","menu_link":{"url":"","text":""},"sub_menu":[{"title":"Claim Centre","heading":"Claim Centre","menu_link":{"url":"/services/claim-centre","text":"/services/claim-centre"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Initiate Claim","heading":"Initiate Claim","menu_link":{"url":"https://myaccount.shriramlife.com/CustomerPortal/ClaimIntimation","text":"Initiate Claim"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Quick Pay","heading":"Quick Pay","menu_link":{"url":"https://shriramlife.in/SLP/Digital/SLICInstaRenew.aspx","text":"https://shriramlife.in/SLP/Digital/SLICInstaRenew.aspx"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Track Policy","heading":"Track Policy","menu_link":{"url":"https://cops.shriramlife.me/quoteredirect","text":"https://cops.shriramlife.me/quoteredirect"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Renewal Payment Options","heading":"Renewal Payment Options","menu_link":{"url":"/services/renewal-payment-options-online","text":"Renewal Payment "},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Online DGH","heading":"Online DGH","menu_link":{"url":"https://shriramlife.in/SLP/Digital/OnlinePSGH.aspx","text":"https://shriramlife.in/SLP/Digital/OnlinePSGH.aspx"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Premium Paid Certificate","heading":"Premium Paid Certificate","menu_link":{"url":"/services/premium-paid-certificate","text":"Premium Paid Certificate"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Bonus Information","heading":"Bonus Information","menu_link":{"url":"/services/bonus-information","text":"Bonus Information"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Resume Journey","heading":"Resume Journey","menu_link":{"url":"https://buy.shriramlife.com/OnlineInsurance/Resume-Application","text":"Resume Journey"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Downloads","heading":"Downloads","menu_link":{"url":"/download-forms","text":"/download-forms"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""}],"classes":"services","menu_style":0,"cta":{"url":"https://myaccount.shriramlife.com/CustomerPortal/ClaimIntimation","text":"https://myaccount.shriramlife.com/CustomerPortal/ClaimIntimation"},"is_new":""},{"title":"Services One","heading":"Services One","menu_link":{"url":"","text":""},"sub_menu":[{"title":"Aadhaar E-KYC Consent Revoking Mechanism/Process","heading":"Aadhaar E-KYC Consent Revoking Mechanism/Process","menu_link":{"url":"/services/aadhaar-ekyc-consent-revoking","text":"Aadhaar E-KYC Consent Revoking Mechanism/Process"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Grievance Redressal","heading":"Grievance Redressal","menu_link":{"url":"/services/grievance-redressal","text":"Grievance Redressal"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"NAV History","heading":"NAV History","menu_link":{"url":"/services/nav-history","text":"NAV History"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Unclaimed Amounts","heading":"Unclaimed Amounts","menu_link":{"url":"/services/unclaimed-amounts","text":"Unclaimed Amounts"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"NRI Zone","heading":"NRI Zone","menu_link":{"url":"/services/nri-zone","text":"/services/nri-zone"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"E-Nach Mandate\t","heading":"E-Nach Mandate Activation","menu_link":{"url":"/services/nach-mandate-activation","text":"E-Nach Mandate"},"sub_menu":[],"classes":"--medium","menu_style":"Services","cta":null,"is_new":""},{"title":"Register for WhatsApp Notifications","heading":"Register for WhatsApp Notifications","menu_link":{"url":"/services/register-for-whatsapp","text":"/services/register-for-whatsapp"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"SLIC Handy Service Manual","heading":"SLIC Handy Service Manual","menu_link":{"url":"https://cdn.shriramlife.com/slic-kalam/files/2024-01/SLIC_Handy_Service_Manual.pdf","text":"SLIC Handy Service Manual"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""}],"classes":"services","menu_style":0,"cta":null,"is_new":""}],"classes":"--medium","menu_style":"Services","is_new":""},{"title":"Header Menu - Resources","heading":"Resources","menu_link":{"url":"","text":""},"sub_menu":[{"title":"Testimonials","heading":"Testimonials","menu_link":{"url":"/testimonials/customer-testimonials","text":"/testimonials/customer-testimonials"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Blogs","heading":"Blogs","menu_link":{"url":"/blog","text":"/blog"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""}],"classes":"--small","menu_style":"Resources","is_new":""},{"title":"Header Menu - Discover Shriram Life","heading":"Discover Shriram Life","menu_link":{"url":"","text":""},"sub_menu":[{"title":"About Us","heading":"About Us","menu_link":{"url":"/discover/about-us","text":"/discover/about-us"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Media","heading":"Media","menu_link":{"url":"/discover/media/press-coverage","text":"/discover/media/press-coverage"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Careers","heading":"Careers","menu_link":{"url":"/discover/careers","text":"/discover/careers"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Distribution Channels","heading":"Distribution Channels","menu_link":{"url":"/discover/distribution-channels","text":"/discover/distribution-channels"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":"No"},{"title":"Videos","heading":"Videos","menu_link":{"url":"/discover/videos","text":"/discover/videos"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""}],"classes":"--extraSmall","menu_style":"Discover","is_new":"No"},{"title":"Header Menu - Contact Us","heading":"Contact Us","menu_link":{"url":"","text":""},"sub_menu":[{"title":"Toll-Free Numbers","heading":"Toll-Free Numbers","menu_link":{"url":"","text":""},"sub_menu":[{"title":"Customer","heading":"Customer","menu_link":{"url":"tel:18001036116","text":"1800-103-6116"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Agent","heading":"Agent","menu_link":{"url":"tel:18001032671","text":"1800-103-2671"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Buy Policy","heading":"Buy Policy","menu_link":{"url":"tel:18001037401","text":"1800-103-7401"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""}],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Contact Us","heading":"Contact Us","menu_link":{"url":"","text":""},"sub_menu":[{"title":"Service Request","heading":"Service Request","menu_link":{"url":"/contact-us/service-request","text":"/contact-us/service-request"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Branch Locator","heading":"Branch Locator","menu_link":{"url":"/contact-us/branches","text":"/contact-us/branches"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Reach Us","heading":"Reach Us","menu_link":{"url":"/reach-us","text":"/reach-us"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"Sales and Service","heading":"Sales and Service","menu_link":{"url":"/contact-us/sales-service-enquiry","text":"/contact-us/sales-service-enquiry"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""},{"title":"FAQ's","heading":"FAQ's","menu_link":{"url":"/contact-us/faq","text":"/contact-us/faq"},"sub_menu":[],"classes":0,"menu_style":0,"cta":null,"is_new":""}],"classes":0,"menu_style":0,"cta":null,"is_new":""}],"classes":"--extraMedium","menu_style":"Phone","is_new":""}],"classes":0,"menu_style":0}]}],"headers":{"x-powered-by":["Express"],"content-type":["text/html; charset=utf-8"],"content-length":["28614"],"etag":["W/\"6fc6-OCS9UDUQYzYCmJjZLApf3amVZfc\""],"vary":["Accept-Encoding"],"date":["Thu, 08 May 2025 12:38:33 GMT"],"connection":["keep-alive"],"keep-alive":["timeout=5"]},"status":200,"statusText":"OK","url":"http://127.0.0.1:4000/api/v1/header","responseType":"json"},"3541446839":{"body":[{"title":"Blogs on Savings, Investment & Life Insurance - Shriram Life","description":"Stay informed with our blog! Dive into articles covering insurance tips, financial advice, industry trends, and updates for informed decisions.","keywords":"","canonical":"","url":"","robots":"","og_description":"Stay informed with our blog! Dive into articles covering insurance tips, financial advice, industry trends, and updates for informed decisions.","og_image":[],"og_title":"Blogs on Savings, Investment & Life Insurance - Shriram Life","og_type":"","og_url":"","twitter_card":"","twitter_description":"Stay informed with our blog! Dive into articles covering insurance tips, financial advice, industry trends, and updates for informed decisions.","twitter_image":[],"twitter_title":"Blogs on Savings, Investment & Life Insurance - Shriram Life","twitter_url":""}],"headers":{"x-powered-by":["Express"],"content-type":["text/html; charset=utf-8"],"content-length":["888"],"etag":["W/\"378-Sgzr5ptYGioe1lBrcVmtBtzjepY\""],"vary":["Accept-Encoding"],"date":["Thu, 08 May 2025 12:38:33 GMT"],"connection":["keep-alive"],"keep-alive":["timeout=5"]},"status":200,"statusText":"OK","url":"http://127.0.0.1:4000/api/v1/meta-info/blog","responseType":"json"},"4228344342":{"body":[],"headers":{"x-powered-by":["Express"],"content-type":["text/html; charset=utf-8"],"content-length":["2"],"etag":["W/\"2-l9Fw4VUO7kr8CvBlt4zaMCqXZ0w\""],"vary":["Accept-Encoding"],"date":["Thu, 08 May 2025 12:38:33 GMT"],"connection":["keep-alive"],"keep-alive":["timeout=5"]},"status":200,"statusText":"OK","url":"http://127.0.0.1:4000/api/v1/disclaimer/blog","responseType":"json"},"APP_SETTINGS":[{"title":"App Settings","ga_tag":"Yes","chatbot":"Yes","ga_head_code":"\u003Cscript>\r\n (function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start':\r\n new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0],\r\n j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src=\r\n ' https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f);\r\n })(window,document,'script','dataLayer','GTM-PM7MMHP');\r\n\u003C/script>\r\n\r\n\u003Cscript async=\"\" src=\" https://www.googletagmanager.com/gtag/js?id=AW-965802566\">\u003C/script>\r\n\u003Cscript>\r\n window.dataLayer = window.dataLayer || [];\r\n function gtag(){dataLayer.push(arguments);}\r\n gtag('js', new Date());\r\n gtag('config', 'AW-965802566');\r\n\u003C/script>\r\n","ga_body_code":"\u003Cnoscript>\r\n \u003Ciframe src=\" https://www.googletagmanager.com/ns.html?id=GTM-PM7MMHP\" height=\"0\" width=\"0\" style=\"display:none;visibility:hidden\">\u003C/iframe>\r\n\u003C/noscript>","meta":[{"title":"Shriram Life Common Meta Title","description":"Shriram Life","keywords":"Shriram Life ","canonical":"https://www.shriramlife.com","url":"","robots":"index, follow, max-image-preview:large, max-snippet:-1, max-video-preview:-1","og_description":"Shriram Life Insurance","og_image":[{"media_img":{"url":"https://cdn.shriramlife.com/slic-kalam/files/2023-06/income-tax.svg","alt":"income-tax"},"media_svg":null,"media_svg_alt":"","media_document":null}],"og_title":"SLIC","og_type":"Insurance","og_url":"https://beta.shriramlife.com","twitter_card":"Twitter SLIC","twitter_description":"Shriram Life Insurance","twitter_image":[{"media_img":{"url":"https://cdn.shriramlife.com/slic-kalam/files/2023-06/career-banner-image.webp","alt":"Shriram Careers"},"media_svg":null,"media_svg_alt":"","media_document":null}],"twitter_title":"Slic Twitter","twitter_url":"www.twitter.com/slic"}],"show_maintenance":"No","disclaimer":[{"title":"Disclaimer","heading":"Disclaimer","description":"\u003Cp>For more details on risk factors, terms, and conditions please read the sales brochure carefully before concluding a sale. \u003Cbr />\u003Cbr />*Tax Benefits: \u003Cbr />Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details. \u003Cbr />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.\u003C/p>\u003Cp>IRDAI Regn No: 128 \u003Cbr />CIN No : U66010TG2005PLC045616 of the Company\u003C/p>\u003Cp>The Trade Logo displayed above belongs to Shriram Value Services Limited (“SVS”) and used by Shriram Life Insurance Company Limited under a License agreement.”\u003C/p>\u003Cp>BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRADULENT OFFERS\u003C/p>\u003Cul>\u003Cli>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.\u003C/li>\u003C/ul>"}],"available_languages":[{"language_title":"English","language_key":"en"}],"csp_default_src":"https://www.youtube.com https://*.netcoresmartech.com https://*.doubleclick.net https://www.google.com https://maps.googleapis.com https://www.googletagmanager.com https://www.google-analytics.com https://uatcopsapi.shriramlife.me https://securepg.paynimo.com https://www.paynimo.com https://api.shriramlife.com https://cdn.shriramlife.com https://www.shriramlife.com https://shriramlife.com https://kalam.shriramlife.com https://cloud.yellow.ai https://cdnt.netcoresmartech.com https://cdn.notifyvisitors.com data:","csp_font_src":"'self' https://cdn.yellowmessenger.com https://cdn.shriramlife.com https://www.paynimo.com https://fonts.gstatic.com data:","csp_image_src":"'self' https://i.ytimg.com https://*.googleapis.com https://*.linkedin.com https://*.facebook.com https://*.doubleclick.net https://cdn.yellowmessenger.com https://www.googletagmanager.com https://www.google.com https://www.google.co.in https://maps.gstatic.com https://maps.googleapis.com https://www.paynimo.com https://www.shriramlife.com https://cdn.shriramlife.com https://shriamlife.com https://*.netcoresmartech.com https://bat.bing.com https://c.clarity.ms https://c.bing.com data:","csp_script_src":"'self' 'unsafe-inline' https://www.googletagmanager.com paynimo.com 'unsafe-eval'","csp_style_src":"'self' https://fonts.googleapis.com https://maps.googleapis.com https://www.paynimo.com https://cloud.yellow.ai https://cdn.yellowmessenger.com 'unsafe-inline'","csp_connect_src":"'self' https://*.googleapis.com https://*.netcoresmartech.com https://*.oribi.io https://*.google.com https://*.doubleclick.net https://www.google-analytics.com https://pagead2.googlesyndication.com wss://app.yellowmessenger.com https://uatcopsapi.shriramlife.me https://api.shriramlife.com https://app.yellowmessenger.com https://kalam.shriramlife.com https://www.paynimo.com https://securepg.paynimo.com https://shriramlife.com https://www.shriramlife.com https://px.ads.linkedin.com https://*.clarity.ms https://cloud.yellow.ai wss://cloud.yellow.ai data:","csp_frame_ancestors":"'self' https://www.googletagmanager.com","csp_media_src":"'self' https://cdn.yellowmessenger.com","csp_script_src_elem":"'self' 'unsafe-inline' https://snap.licdn.com https://*.netcoresmartech.com https://connect.facebook.net https://app.yellowmessenger.com https://cdn.yellowmessenger.com https://www.paynimo.com https://www.googletagmanager.com https://www.google-analytics.com https://googleads.g.doubleclick.net https://maps.googleapis.com https://bat.bing.com https://*.clarity.ms https://cdpanalytics.novactech.in https://*.notifyvisitors.com","csp_worker_src":"'self'","field_promotion_banner":6077,"welcome_popup":"Yes","promotion_banner":[{"media_img":{"url":"https://cdn.shriramlife.com/slic-kalam/files/2025-03/20-years-logo.gif?VersionId=J.oAnGwsnHSzlYskqZSYWtoBptLP11HF","alt":"20 years"},"media_svg":null,"media_svg_alt":"","media_document":null}]}],"api/v1/footer":"[{\"title\":\"Footer\",\"category_section\":[{\"title\":\"Footer Menu - Categories\",\"category_group\":[{\"title\":\"Footer Menu - Col 1 - Categories\",\"category\":[{\"nid\":592,\"name\":\"Savings Plans\",\"children\":[{\"name\":\"Shriram Life Assured Income Plan\",\"url\":\"/life-insurance/assured-income-plan\"},{\"name\":\"Shriram Life Assured Savings Plan\",\"url\":\"/life-insurance/assured-savings-plan\"},{\"name\":\"Shriram Life Early Cash Plan\",\"url\":\"/life-insurance/early-cash-plan\"},{\"name\":\"Shriram Life Premier Assured Benefit\",\"url\":\"/life-insurance/premier-assured-benefit-plan\"},{\"name\":\"Shriram Life New Shri Vidya Plan\",\"url\":\"/life-insurance/new-shri-vidya-plan\"},{\"name\":\"Shriram Accidental Death Disability Income Rider\",\"url\":\"/life-insurance/accident-death-and-disability-income-rider\"},{\"name\":\"Shriram New Shri Life Plan\",\"url\":\"/life-insurance/new-shri-life-plan\"},{\"name\":\"Shriram Life Sunishchit Laabh\",\"url\":\"/life-insurance/sunishchit-laabh\"}],\"title\":\"\u003Ca href=\\\"/node/592\\\" hreflang=\\\"en\\\">Saving Plan Page\u003C/a>\"},{\"nid\":2848,\"name\":\"Microinsurance Plans\",\"children\":[{\"name\":\"Shriram Life Sujana\",\"url\":\"/life-insurance/sujana\"},{\"name\":\"Shriram Life Jana Sahay Plan\",\"url\":\"/life-insurance/jana-sahay\"}],\"title\":\"\u003Ca href=\\\"/node/2848\\\" hreflang=\\\"en\\\">Microinsurance Plan Page\u003C/a>\"}]},{\"title\":\"Footer Menu - Col 2 - Categories\",\"category\":[{\"nid\":1642,\"name\":\"Retirement Plans\",\"children\":[{\"name\":\"Shriram Life Assured Income Plan\",\"url\":\"/life-insurance/assured-income-plan\"},{\"name\":\"Shriram Life Early Cash Plan\",\"url\":\"/life-insurance/early-cash-plan\"},{\"name\":\"Shriram Life Saral Pension\",\"url\":\"/life-insurance/saral-pension\"},{\"name\":\"Shriram Life Pension Plus\",\"url\":\"/life-insurance/pension-plus\"},{\"name\":\"Shriram Life Immediate Annuity Plus\",\"url\":\"/life-insurance/immediate-annuity-plus\"},{\"name\":\"Shriram Life Deferred Annuity Plan\",\"url\":\"/life-insurance/deferred-annuity-plan\"}],\"title\":\"\u003Ca href=\\\"/node/1642\\\" hreflang=\\\"en\\\">Retirement Plan Page\u003C/a>\"},{\"nid\":2908,\"name\":\"Employee Benefits Plans\",\"children\":[{\"name\":\"Shriram Life Group Traditional Empolyee Benefit Plan\",\"url\":\"/life-insurance/group-traditional-employee-benefit-plan\"},{\"name\":\"Shriram Life New Group Gratuity\",\"url\":\"/life-insurance/new-group-gratuity\"},{\"name\":\"Shriram Life Group Superannuation Plan\",\"url\":\"/life-insurance/group-superannuation-plan\"}],\"title\":\"\u003Ca href=\\\"/node/2908\\\" hreflang=\\\"en\\\"> Employee Benefits Plan Page\u003C/a>\"}]},{\"title\":\"Footer Menu - Col 3 - Categories\",\"category\":[{\"nid\":1654,\"name\":\"Child Plans\",\"children\":[{\"name\":\"Shriram Life Assured Income Plan\",\"url\":\"/life-insurance/assured-income-plan\"},{\"name\":\"Shriram Life Early Cash Plan\",\"url\":\"/life-insurance/early-cash-plan\"},{\"name\":\"Shriram Life New Shri Vidya Plan\",\"url\":\"/life-insurance/new-shri-vidya-plan\"}],\"title\":\"\u003Ca href=\\\"/node/1654\\\" hreflang=\\\"en\\\">Child Plan Page\u003C/a>\"},{\"nid\":5611,\"name\":\"Special Plans\",\"children\":[{\"name\":\"Shriram Life Pradhan Mantri Jeevan\",\"url\":\"/life-insurance/pradhan-mantri-jeevan-jyoti-bima-yojana\"}],\"title\":\"\u003Ca href=\\\"/node/5611\\\" hreflang=\\\"en\\\">Special Plan Pages\u003C/a>\"}]},{\"title\":\"Footer Menu - Col 4 - categories\",\"category\":[{\"nid\":1855,\"name\":\"Protection Plans\",\"children\":[{\"name\":\"Shriram Life Family Protection Plan\",\"url\":\"/life-insurance/family-protection-plan\"},{\"name\":\"Shriram Life Smart Protection Plan\",\"url\":\"/life-insurance/smart-protection-plan\"},{\"name\":\"Shriram Life Group Term Life Insurance in Lieu Of EDLI\",\"url\":\"/life-insurance/group-term-life-insurance-plan-edli\"},{\"name\":\"Shriram Life Smart Protection Plan SP\",\"url\":\"/life-insurance/smart-protection-plan-sp\"},{\"name\":\"Shriram Life Comprehensive Cancer Care Plan\",\"url\":\"/life-insurance/comprehensive-cancer-care\"},{\"name\":\"Shriram Life Group Life Protector SP\",\"url\":\"/life-insurance/group-life-protector-sp\"},{\"name\":\"Shriram Life Cash Back Term\",\"url\":\"/life-insurance/cash-back-term-plan\"},{\"name\":\"Shriram Life Online Term Plan\",\"url\":\"/life-insurance/online-term-plan\"},{\"name\":\"Shriram Life Saral Jeevan Bima\",\"url\":\"/life-insurance/saral-jeevan-bima\"},{\"name\":\"Shriram Life My Spouse Term Plan\",\"url\":\"/life-insurance/my-spouse-term-plan\"},{\"name\":\"Shriram Life Group Term Life Insurance Plan\",\"url\":\"/life-insurance/group-term-life-insurance-plan\"}],\"title\":\"\u003Ca href=\\\"/node/1855\\\" hreflang=\\\"en\\\">Protection Plans\u003C/a>\"},{\"nid\":2334,\"name\":\"Investment Plans\",\"children\":[{\"name\":\"Shriram Life Growth Plus\",\"url\":\"/life-insurance/growth-plus\"},{\"name\":\"Shriram Life Fortune Builder\",\"url\":\"/life-insurance/fortune-builder\"},{\"name\":\"Shriram Life Golden Jubilee Plan\",\"url\":\"/life-insurance/golden-jubilee-plan\"},{\"name\":\"Shriram Life Wealth Pro\",\"url\":\"/life-insurance/wealth-pro\"}],\"title\":\"\u003Ca href=\\\"/node/2334\\\" hreflang=\\\"en\\\">Investment Plans Page\u003C/a>\"}]}]}],\"menu_group\":[{\"title\":\"Footer Menu \",\"menu_group\":[{\"title\":\"Footer Menu - Resources\",\"heading\":\"Resources\",\"menu_link\":{\"url\":\"\",\"text\":\"\"},\"sub_menu\":[{\"title\":\"Download Center\",\"heading\":\"Download Center\",\"menu_link\":{\"url\":\"/download-forms\",\"text\":\"/download-forms\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Blogs\",\"heading\":\"Blogs\",\"menu_link\":{\"url\":\"/blog\",\"text\":\"/blog\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Data Privacy Policy\",\"heading\":\"Data Privacy Policy\",\"menu_link\":{\"url\":\"/legal/data-privacy-policy\",\"text\":\"/legal/data-privacy-policy\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Terms & Conditions\",\"heading\":\"Terms & Conditions\",\"menu_link\":{\"url\":\"/legal/terms-and-conditions\",\"text\":\"/legal/terms-and-conditions\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Privacy Policy\",\"heading\":\"Privacy Policy\",\"menu_link\":{\"url\":\"/legal/privacy-policy\",\"text\":\"/legal/privacy-policy\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Disclosure of Underwriting Philosophy\",\"heading\":\"Disclosure of Underwriting Philosophy\",\"menu_link\":{\"url\":\"/discover/about-us/disclosure-of-underwriting-philosophy\",\"text\":\"/discover/about-us/disclosure-of-underwriting-philosophy\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Disclaimer\",\"heading\":\"Disclaimer\",\"menu_link\":{\"url\":\"/legal/disclaimer\",\"text\":\"/legal/disclaimer\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"No\"}],\"classes\":0,\"menu_style\":0,\"is_new\":\"No\"},{\"title\":\"Footer Menu - Services\",\"heading\":\"Services\",\"menu_link\":{\"url\":\"\",\"text\":\"\"},\"sub_menu\":[{\"title\":\"Initiate Claims\",\"heading\":\"Initiate Claims\",\"menu_link\":{\"url\":\"https://myaccount.shriramlife.com/CustomerPortal/ClaimIntimation\",\"text\":\"https://myaccount.shriramlife.com/CustomerPortal/ClaimIntimation\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Track Application\",\"heading\":\"Track Application\",\"menu_link\":{\"url\":\"https://cops.shriramlife.me/quoteredirect\",\"text\":\"https://cops.shriramlife.me/quoteredirect\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Customer grievance\",\"heading\":\"Customer grievance\",\"menu_link\":{\"url\":\"/services/grievance-redressal\",\"text\":\"/services/grievance-redressal\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Branch Locator\",\"heading\":\"Branch Locator\",\"menu_link\":{\"url\":\"/contact-us/branches\",\"text\":\"/contact-us/branches\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Unclaimed Amounts\",\"heading\":\"Unclaimed Amounts\",\"menu_link\":{\"url\":\"/services/unclaimed-amounts\",\"text\":\"/services/unclaimed-amounts\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Do Not Call\",\"heading\":\"Do Not Call\",\"menu_link\":{\"url\":\"/legal/do-not-call\",\"text\":\"/legal/do-not-call\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Nav History\",\"heading\":\"Nav History\",\"menu_link\":{\"url\":\"/services/nav-history\",\"text\":\"/services/nav-history\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Aadhaar E-KYC consent\",\"heading\":\"Aadhaar E-KYC consent\",\"menu_link\":{\"url\":\"/services/aadhaar-ekyc-consent-revoking\",\"text\":\"/services/aadhaar-ekyc-consent-revoking\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Aadhaar Do's and Dont's \",\"heading\":\"Aadhaar Do's and Dont's\",\"menu_link\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2024-01/DO_s_Dont_s_for_Aadhar_user_agencies.pdf\",\"text\":\"Aadhaar Do's and Dont's \"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"E-Nach Mandate Deactivation \",\"heading\":\"E-Nach Mandate Deactivation\",\"menu_link\":{\"url\":\"/services/nach-mandate-deactivation\",\"text\":\"Nach Deactivation\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":{\"url\":\"/services/nach-mandate-deactivation\",\"text\":\"Nach Deactivation\"},\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0,\"is_new\":\"\"},{\"title\":\"Footer Menu - Discover Life\",\"heading\":\"Discover Life\",\"menu_link\":{\"url\":\"\",\"text\":\"\"},\"sub_menu\":[{\"title\":\"Media\",\"heading\":\"Media\",\"menu_link\":{\"url\":\"/discover/media/press-coverage\",\"text\":\"/discover/media/press-coverage\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Careers\",\"heading\":\"Careers\",\"menu_link\":{\"url\":\"/discover/careers\",\"text\":\"/discover/careers\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Distribution Channels\",\"heading\":\"Distribution Channels\",\"menu_link\":{\"url\":\"/discover/distribution-channels\",\"text\":\"/discover/distribution-channels\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"No\"},{\"title\":\"Awards and Recognition\",\"heading\":\"Awards and Recognition\",\"menu_link\":{\"url\":\"/discover/media/awards-recognitions\",\"text\":\"/discover/media/awards-recognitions\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"NRI Zone\",\"heading\":\"NRI Zone\",\"menu_link\":{\"url\":\"/services/nri-zone\",\"text\":\"/services/nri-zone\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Withdrawn Plan\",\"heading\":\"Withdrawn Plan\",\"menu_link\":{\"url\":\"/legal/withdrawn-plan\",\"text\":\"/legal/withdrawn-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0,\"is_new\":\"No\"},{\"title\":\"Documents\",\"heading\":\"Documents\",\"menu_link\":{\"url\":\"\",\"text\":\"\"},\"sub_menu\":[{\"title\":\"An ISO 27001:2013 Certified Company\",\"heading\":\"An ISO 27001:2013 Certified Company\",\"menu_link\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2023-09/TUV-SUD-ISO-Certificate-2022-to-2025.pdf\",\"text\":\"An ISO 27001:2013 Certified Company\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Public Disclosures \",\"heading\":\"Public Disclosures\",\"menu_link\":{\"url\":\"/discover/about-us/public-disclosures\",\"text\":\"/discover/about-us/public-disclosures\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Other Disclosures\",\"heading\":\"Other Disclosures\",\"menu_link\":{\"url\":\"/discover/about-us/other-disclosures\",\"text\":\"/discover/about-us/other-disclosures\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"IRDAI-Bima Bharosa\",\"heading\":\"IRDAI-Bima Bharosa\",\"menu_link\":{\"url\":\"https://bimabharosa.irdai.gov.in/Home/Home\",\"text\":\"https://bimabharosa.irdai.gov.in/Home/Home\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"IRDAI Regulations\",\"heading\":\"IRDAI Regulations\",\"menu_link\":{\"url\":\"https://irdai.gov.in/\",\"text\":\"https://irdai.gov.in/\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Ombudsman\",\"heading\":\"Ombudsman\",\"menu_link\":{\"url\":\"https://www.cioins.co.in/Ombudsman\",\"text\":\"https://www.cioins.co.in/Ombudsman\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Life Insurance Council\",\"heading\":\"Life Insurance Council\",\"menu_link\":{\"url\":\"https://www.lifeinscouncil.org/code/HomePage\",\"text\":\"https://www.lifeinscouncil.org/code/HomePage\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0,\"is_new\":\"\"},{\"title\":\"Calculators\",\"heading\":\"Calculators\",\"menu_link\":{\"url\":\"\",\"text\":\"\"},\"sub_menu\":[{\"title\":\"BMI Calculator\",\"heading\":\"BMI Calculator\",\"menu_link\":{\"url\":\"/bmi-calculator\",\"text\":\"/bmi-calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Children's Saving Calculator\",\"heading\":\"Children's Saving Calculator\",\"menu_link\":{\"url\":\"/child-growth-planner\",\"text\":\"/child-growth-planner\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Smoking Calculator\",\"heading\":\"Smoking Calculator\",\"menu_link\":{\"url\":\"/smoking-calculator\",\"text\":\"/smoking-calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Human Life Value Calculator\",\"heading\":\"Human Life Value Calculator\",\"menu_link\":{\"url\":\"/hlv-calculator\",\"text\":\"/hlv-calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Double Your Money Calculator\",\"heading\":\"Double Your Money Calculator\",\"menu_link\":{\"url\":\"/double-your-money-calculator\",\"text\":\"/double-your-money-calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Savings Plans Calculator\",\"heading\":\"Savings Plans Calculator\",\"menu_link\":{\"url\":\"/savings-planner\",\"text\":\"/savings-planner\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Retirement Calculator\",\"heading\":\"Retirement Calculator\",\"menu_link\":{\"url\":\"/retirement-calculator\",\"text\":\"/retirement-calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Income Tax Calculator\",\"heading\":\"Income Tax Calculator\",\"menu_link\":{\"url\":\"/income-tax-calculator\",\"text\":\"Income Tax Calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"HRA Calculator\",\"heading\":\"HRA Calculator\",\"menu_link\":{\"url\":\"/hra-calculator\",\"text\":\"HRA Calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0,\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0}],\"contact_info\":[{\"title\":\"Shriram Life Insurance Company Limited\",\"heading\":\"Shriram Life Insurance Company Limited\",\"description\":\"\u003Cp>\u003Cspan>Registered & Corporate Office: Ramky Selenium,\u003C/span> \u003Cbr />\u003Cspan>Plot No:31 & 32, Beside Union Bank Training Centre,\u003C/span>\u003Cbr />\u003Cspan>Financial District, Gachibowli,\u003C/span> \u003Cbr />\u003Cspan>Hyderabad-500032, India.\u003C/span>\u003C/p>\"},{\"title\":\"Helpline\",\"heading\":\"Helpline\",\"description\":\"\u003Cul>\u003Cli>\u003Ca href=\\\"tel:1800-103-5319\\\">Customer - 1800-103-6116\u003C/a>\u003C/li>\u003Cli>\u003Ca href=\\\"tel:1800-103-2671\\\">Agent - 1800-103-2671\u003C/a>\u003C/li>\u003C/ul>\"}],\"social_media_group\":[{\"title\":\"Follow us on\",\"heading\":\"Follow us on\",\"social_media\":[{\"title\":\"Facebook - Follow us on\",\"icon\":[{\"media_img\":null,\"media_svg\":\"https://cdn.shriramlife.com/slic-kalam/files/2023-04/facebook.svg\",\"media_svg_alt\":\"facebook\",\"media_document\":null}],\"menu_link\":{\"url\":\"https://www.facebook.com/Shriramlife\",\"text\":\"https://www.facebook.com/Shriramlife\"}},{\"title\":\"LinkedIn - Follow us on\",\"icon\":[{\"media_img\":null,\"media_svg\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-05/linkedin.svg?VersionId=rfH8qB2UDCo98jwCeO8pBLdtlykrSKpc\",\"media_svg_alt\":\"linkedin\",\"media_document\":null}],\"menu_link\":{\"url\":\"https://www.linkedin.com/company/shriram-life-insurance/posts/?feedView=all\",\"text\":\"https://www.linkedin.com/company/shriram-life-insurance/posts/?feedView=all\"}},{\"title\":\"Twitter - Follow us on\",\"icon\":[{\"media_img\":null,\"media_svg\":\"https://cdn.shriramlife.com/slic-kalam/files/2023-09/Twitter_X__1_%20%282%29.svg\",\"media_svg_alt\":\"twitter\",\"media_document\":null}],\"menu_link\":{\"url\":\"https://twitter.com/shriramlifeins\",\"text\":\"https://twitter.com/shriramlifeins\"}},{\"title\":\"Instagram - Follow us on\",\"icon\":[{\"media_img\":null,\"media_svg\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-05/instagram.svg?VersionId=NnzicD0M2qJhWdRpX36W_4T98ZBxqcBp\",\"media_svg_alt\":\"instagram\",\"media_document\":null}],\"menu_link\":{\"url\":\"https://www.instagram.com/shriramlifeinsurance/\",\"text\":\"https://www.instagram.com/shriramlifeinsurance/\"}},{\"title\":\"WhatsApp - Follow us on\",\"icon\":[{\"media_img\":null,\"media_svg\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-05/whatsapp.svg?VersionId=aiacsufE37KYy5Gp.c2ZZJYQE7JDi0LN\",\"media_svg_alt\":\"whatsapp\",\"media_document\":null}],\"menu_link\":{\"url\":\"https://whatsapp.com/channel/0029Vb7xeCWE50UhFlWYkj1q\",\"text\":\"https://whatsapp.com/channel/0029Vb7xeCWE50UhFlWYkj1q\"}}]}],\"app_group\":[{\"title\":\"Download App\",\"heading\":\"Download App\",\"Apps\":[{\"title\":\"Download App - Android\",\"heading\":\"Android\",\"icon\":[{\"media_img\":null,\"media_svg\":\"https://cdn.shriramlife.com/slic-kalam/files/2023-04/android.svg\",\"media_svg_alt\":\"android\",\"media_document\":null}],\"menu_link\":{\"url\":\"https://play.google.com/store/apps/details?id=com.svs.slic\",\"text\":\"https://play.google.com/store/apps/details?id=com.svs.slic\"}}]}],\"copy_rights\":\"\u003Cp>© Shriram Life Insurance Co. Ltd. All the rights reserved. Registered with Insurance Regulatory & Development authority of India (IRDAI) as Life Insurance Company. Regn. No. 128. CIN: U66010TG2005PLC045616\u003C/p>\"}]","http://127.0.0.1:4000/api/v1/footer":"[{\"title\":\"Footer\",\"category_section\":[{\"title\":\"Footer Menu - Categories\",\"category_group\":[{\"title\":\"Footer Menu - Col 1 - Categories\",\"category\":[{\"nid\":592,\"name\":\"Savings Plans\",\"children\":[{\"name\":\"Shriram Life Assured Income Plan\",\"url\":\"/life-insurance/assured-income-plan\"},{\"name\":\"Shriram Life Assured Savings Plan\",\"url\":\"/life-insurance/assured-savings-plan\"},{\"name\":\"Shriram Life Early Cash Plan\",\"url\":\"/life-insurance/early-cash-plan\"},{\"name\":\"Shriram Life Premier Assured Benefit\",\"url\":\"/life-insurance/premier-assured-benefit-plan\"},{\"name\":\"Shriram Life New Shri Vidya Plan\",\"url\":\"/life-insurance/new-shri-vidya-plan\"},{\"name\":\"Shriram Accidental Death Disability Income Rider\",\"url\":\"/life-insurance/accident-death-and-disability-income-rider\"},{\"name\":\"Shriram New Shri Life Plan\",\"url\":\"/life-insurance/new-shri-life-plan\"},{\"name\":\"Shriram Life Sunishchit Laabh\",\"url\":\"/life-insurance/sunishchit-laabh\"}],\"title\":\"\u003Ca href=\\\"/node/592\\\" hreflang=\\\"en\\\">Saving Plan Page\u003C/a>\"},{\"nid\":2848,\"name\":\"Microinsurance Plans\",\"children\":[{\"name\":\"Shriram Life Sujana\",\"url\":\"/life-insurance/sujana\"},{\"name\":\"Shriram Life Jana Sahay Plan\",\"url\":\"/life-insurance/jana-sahay\"}],\"title\":\"\u003Ca href=\\\"/node/2848\\\" hreflang=\\\"en\\\">Microinsurance Plan Page\u003C/a>\"}]},{\"title\":\"Footer Menu - Col 2 - Categories\",\"category\":[{\"nid\":1642,\"name\":\"Retirement Plans\",\"children\":[{\"name\":\"Shriram Life Assured Income Plan\",\"url\":\"/life-insurance/assured-income-plan\"},{\"name\":\"Shriram Life Early Cash Plan\",\"url\":\"/life-insurance/early-cash-plan\"},{\"name\":\"Shriram Life Saral Pension\",\"url\":\"/life-insurance/saral-pension\"},{\"name\":\"Shriram Life Pension Plus\",\"url\":\"/life-insurance/pension-plus\"},{\"name\":\"Shriram Life Immediate Annuity Plus\",\"url\":\"/life-insurance/immediate-annuity-plus\"},{\"name\":\"Shriram Life Deferred Annuity Plan\",\"url\":\"/life-insurance/deferred-annuity-plan\"}],\"title\":\"\u003Ca href=\\\"/node/1642\\\" hreflang=\\\"en\\\">Retirement Plan Page\u003C/a>\"},{\"nid\":2908,\"name\":\"Employee Benefits Plans\",\"children\":[{\"name\":\"Shriram Life Group Traditional Empolyee Benefit Plan\",\"url\":\"/life-insurance/group-traditional-employee-benefit-plan\"},{\"name\":\"Shriram Life New Group Gratuity\",\"url\":\"/life-insurance/new-group-gratuity\"},{\"name\":\"Shriram Life Group Superannuation Plan\",\"url\":\"/life-insurance/group-superannuation-plan\"}],\"title\":\"\u003Ca href=\\\"/node/2908\\\" hreflang=\\\"en\\\"> Employee Benefits Plan Page\u003C/a>\"}]},{\"title\":\"Footer Menu - Col 3 - Categories\",\"category\":[{\"nid\":1654,\"name\":\"Child Plans\",\"children\":[{\"name\":\"Shriram Life Assured Income Plan\",\"url\":\"/life-insurance/assured-income-plan\"},{\"name\":\"Shriram Life Early Cash Plan\",\"url\":\"/life-insurance/early-cash-plan\"},{\"name\":\"Shriram Life New Shri Vidya Plan\",\"url\":\"/life-insurance/new-shri-vidya-plan\"}],\"title\":\"\u003Ca href=\\\"/node/1654\\\" hreflang=\\\"en\\\">Child Plan Page\u003C/a>\"},{\"nid\":5611,\"name\":\"Special Plans\",\"children\":[{\"name\":\"Shriram Life Pradhan Mantri Jeevan\",\"url\":\"/life-insurance/pradhan-mantri-jeevan-jyoti-bima-yojana\"}],\"title\":\"\u003Ca href=\\\"/node/5611\\\" hreflang=\\\"en\\\">Special Plan Pages\u003C/a>\"}]},{\"title\":\"Footer Menu - Col 4 - categories\",\"category\":[{\"nid\":1855,\"name\":\"Protection Plans\",\"children\":[{\"name\":\"Shriram Life Family Protection Plan\",\"url\":\"/life-insurance/family-protection-plan\"},{\"name\":\"Shriram Life Smart Protection Plan\",\"url\":\"/life-insurance/smart-protection-plan\"},{\"name\":\"Shriram Life Group Term Life Insurance in Lieu Of EDLI\",\"url\":\"/life-insurance/group-term-life-insurance-plan-edli\"},{\"name\":\"Shriram Life Smart Protection Plan SP\",\"url\":\"/life-insurance/smart-protection-plan-sp\"},{\"name\":\"Shriram Life Comprehensive Cancer Care Plan\",\"url\":\"/life-insurance/comprehensive-cancer-care\"},{\"name\":\"Shriram Life Group Life Protector SP\",\"url\":\"/life-insurance/group-life-protector-sp\"},{\"name\":\"Shriram Life Cash Back Term\",\"url\":\"/life-insurance/cash-back-term-plan\"},{\"name\":\"Shriram Life Online Term Plan\",\"url\":\"/life-insurance/online-term-plan\"},{\"name\":\"Shriram Life Saral Jeevan Bima\",\"url\":\"/life-insurance/saral-jeevan-bima\"},{\"name\":\"Shriram Life My Spouse Term Plan\",\"url\":\"/life-insurance/my-spouse-term-plan\"},{\"name\":\"Shriram Life Group Term Life Insurance Plan\",\"url\":\"/life-insurance/group-term-life-insurance-plan\"}],\"title\":\"\u003Ca href=\\\"/node/1855\\\" hreflang=\\\"en\\\">Protection Plans\u003C/a>\"},{\"nid\":2334,\"name\":\"Investment Plans\",\"children\":[{\"name\":\"Shriram Life Growth Plus\",\"url\":\"/life-insurance/growth-plus\"},{\"name\":\"Shriram Life Fortune Builder\",\"url\":\"/life-insurance/fortune-builder\"},{\"name\":\"Shriram Life Golden Jubilee Plan\",\"url\":\"/life-insurance/golden-jubilee-plan\"},{\"name\":\"Shriram Life Wealth Pro\",\"url\":\"/life-insurance/wealth-pro\"}],\"title\":\"\u003Ca href=\\\"/node/2334\\\" hreflang=\\\"en\\\">Investment Plans Page\u003C/a>\"}]}]}],\"menu_group\":[{\"title\":\"Footer Menu \",\"menu_group\":[{\"title\":\"Footer Menu - Resources\",\"heading\":\"Resources\",\"menu_link\":{\"url\":\"\",\"text\":\"\"},\"sub_menu\":[{\"title\":\"Download Center\",\"heading\":\"Download Center\",\"menu_link\":{\"url\":\"/download-forms\",\"text\":\"/download-forms\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Blogs\",\"heading\":\"Blogs\",\"menu_link\":{\"url\":\"/blog\",\"text\":\"/blog\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Data Privacy Policy\",\"heading\":\"Data Privacy Policy\",\"menu_link\":{\"url\":\"/legal/data-privacy-policy\",\"text\":\"/legal/data-privacy-policy\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Terms & Conditions\",\"heading\":\"Terms & Conditions\",\"menu_link\":{\"url\":\"/legal/terms-and-conditions\",\"text\":\"/legal/terms-and-conditions\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Privacy Policy\",\"heading\":\"Privacy Policy\",\"menu_link\":{\"url\":\"/legal/privacy-policy\",\"text\":\"/legal/privacy-policy\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Disclosure of Underwriting Philosophy\",\"heading\":\"Disclosure of Underwriting Philosophy\",\"menu_link\":{\"url\":\"/discover/about-us/disclosure-of-underwriting-philosophy\",\"text\":\"/discover/about-us/disclosure-of-underwriting-philosophy\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Disclaimer\",\"heading\":\"Disclaimer\",\"menu_link\":{\"url\":\"/legal/disclaimer\",\"text\":\"/legal/disclaimer\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"No\"}],\"classes\":0,\"menu_style\":0,\"is_new\":\"No\"},{\"title\":\"Footer Menu - Services\",\"heading\":\"Services\",\"menu_link\":{\"url\":\"\",\"text\":\"\"},\"sub_menu\":[{\"title\":\"Initiate Claims\",\"heading\":\"Initiate Claims\",\"menu_link\":{\"url\":\"https://myaccount.shriramlife.com/CustomerPortal/ClaimIntimation\",\"text\":\"https://myaccount.shriramlife.com/CustomerPortal/ClaimIntimation\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Track Application\",\"heading\":\"Track Application\",\"menu_link\":{\"url\":\"https://cops.shriramlife.me/quoteredirect\",\"text\":\"https://cops.shriramlife.me/quoteredirect\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Customer grievance\",\"heading\":\"Customer grievance\",\"menu_link\":{\"url\":\"/services/grievance-redressal\",\"text\":\"/services/grievance-redressal\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Branch Locator\",\"heading\":\"Branch Locator\",\"menu_link\":{\"url\":\"/contact-us/branches\",\"text\":\"/contact-us/branches\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Unclaimed Amounts\",\"heading\":\"Unclaimed Amounts\",\"menu_link\":{\"url\":\"/services/unclaimed-amounts\",\"text\":\"/services/unclaimed-amounts\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Do Not Call\",\"heading\":\"Do Not Call\",\"menu_link\":{\"url\":\"/legal/do-not-call\",\"text\":\"/legal/do-not-call\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Nav History\",\"heading\":\"Nav History\",\"menu_link\":{\"url\":\"/services/nav-history\",\"text\":\"/services/nav-history\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Aadhaar E-KYC consent\",\"heading\":\"Aadhaar E-KYC consent\",\"menu_link\":{\"url\":\"/services/aadhaar-ekyc-consent-revoking\",\"text\":\"/services/aadhaar-ekyc-consent-revoking\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Aadhaar Do's and Dont's \",\"heading\":\"Aadhaar Do's and Dont's\",\"menu_link\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2024-01/DO_s_Dont_s_for_Aadhar_user_agencies.pdf\",\"text\":\"Aadhaar Do's and Dont's \"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"E-Nach Mandate Deactivation \",\"heading\":\"E-Nach Mandate Deactivation\",\"menu_link\":{\"url\":\"/services/nach-mandate-deactivation\",\"text\":\"Nach Deactivation\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":{\"url\":\"/services/nach-mandate-deactivation\",\"text\":\"Nach Deactivation\"},\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0,\"is_new\":\"\"},{\"title\":\"Footer Menu - Discover Life\",\"heading\":\"Discover Life\",\"menu_link\":{\"url\":\"\",\"text\":\"\"},\"sub_menu\":[{\"title\":\"Media\",\"heading\":\"Media\",\"menu_link\":{\"url\":\"/discover/media/press-coverage\",\"text\":\"/discover/media/press-coverage\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Careers\",\"heading\":\"Careers\",\"menu_link\":{\"url\":\"/discover/careers\",\"text\":\"/discover/careers\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Distribution Channels\",\"heading\":\"Distribution Channels\",\"menu_link\":{\"url\":\"/discover/distribution-channels\",\"text\":\"/discover/distribution-channels\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"No\"},{\"title\":\"Awards and Recognition\",\"heading\":\"Awards and Recognition\",\"menu_link\":{\"url\":\"/discover/media/awards-recognitions\",\"text\":\"/discover/media/awards-recognitions\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"NRI Zone\",\"heading\":\"NRI Zone\",\"menu_link\":{\"url\":\"/services/nri-zone\",\"text\":\"/services/nri-zone\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Withdrawn Plan\",\"heading\":\"Withdrawn Plan\",\"menu_link\":{\"url\":\"/legal/withdrawn-plan\",\"text\":\"/legal/withdrawn-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0,\"is_new\":\"No\"},{\"title\":\"Documents\",\"heading\":\"Documents\",\"menu_link\":{\"url\":\"\",\"text\":\"\"},\"sub_menu\":[{\"title\":\"An ISO 27001:2013 Certified Company\",\"heading\":\"An ISO 27001:2013 Certified Company\",\"menu_link\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2023-09/TUV-SUD-ISO-Certificate-2022-to-2025.pdf\",\"text\":\"An ISO 27001:2013 Certified Company\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Public Disclosures \",\"heading\":\"Public Disclosures\",\"menu_link\":{\"url\":\"/discover/about-us/public-disclosures\",\"text\":\"/discover/about-us/public-disclosures\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Other Disclosures\",\"heading\":\"Other Disclosures\",\"menu_link\":{\"url\":\"/discover/about-us/other-disclosures\",\"text\":\"/discover/about-us/other-disclosures\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"IRDAI-Bima Bharosa\",\"heading\":\"IRDAI-Bima Bharosa\",\"menu_link\":{\"url\":\"https://bimabharosa.irdai.gov.in/Home/Home\",\"text\":\"https://bimabharosa.irdai.gov.in/Home/Home\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"IRDAI Regulations\",\"heading\":\"IRDAI Regulations\",\"menu_link\":{\"url\":\"https://irdai.gov.in/\",\"text\":\"https://irdai.gov.in/\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Ombudsman\",\"heading\":\"Ombudsman\",\"menu_link\":{\"url\":\"https://www.cioins.co.in/Ombudsman\",\"text\":\"https://www.cioins.co.in/Ombudsman\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Life Insurance Council\",\"heading\":\"Life Insurance Council\",\"menu_link\":{\"url\":\"https://www.lifeinscouncil.org/code/HomePage\",\"text\":\"https://www.lifeinscouncil.org/code/HomePage\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0,\"is_new\":\"\"},{\"title\":\"Calculators\",\"heading\":\"Calculators\",\"menu_link\":{\"url\":\"\",\"text\":\"\"},\"sub_menu\":[{\"title\":\"BMI Calculator\",\"heading\":\"BMI Calculator\",\"menu_link\":{\"url\":\"/bmi-calculator\",\"text\":\"/bmi-calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Children's Saving Calculator\",\"heading\":\"Children's Saving Calculator\",\"menu_link\":{\"url\":\"/child-growth-planner\",\"text\":\"/child-growth-planner\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Smoking Calculator\",\"heading\":\"Smoking Calculator\",\"menu_link\":{\"url\":\"/smoking-calculator\",\"text\":\"/smoking-calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Human Life Value Calculator\",\"heading\":\"Human Life Value Calculator\",\"menu_link\":{\"url\":\"/hlv-calculator\",\"text\":\"/hlv-calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Double Your Money Calculator\",\"heading\":\"Double Your Money Calculator\",\"menu_link\":{\"url\":\"/double-your-money-calculator\",\"text\":\"/double-your-money-calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Savings Plans Calculator\",\"heading\":\"Savings Plans Calculator\",\"menu_link\":{\"url\":\"/savings-planner\",\"text\":\"/savings-planner\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Retirement Calculator\",\"heading\":\"Retirement Calculator\",\"menu_link\":{\"url\":\"/retirement-calculator\",\"text\":\"/retirement-calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Income Tax Calculator\",\"heading\":\"Income Tax Calculator\",\"menu_link\":{\"url\":\"/income-tax-calculator\",\"text\":\"Income Tax Calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"HRA Calculator\",\"heading\":\"HRA Calculator\",\"menu_link\":{\"url\":\"/hra-calculator\",\"text\":\"HRA Calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0,\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0}],\"contact_info\":[{\"title\":\"Shriram Life Insurance Company Limited\",\"heading\":\"Shriram Life Insurance Company Limited\",\"description\":\"\u003Cp>\u003Cspan>Registered & Corporate Office: Ramky Selenium,\u003C/span> \u003Cbr />\u003Cspan>Plot No:31 & 32, Beside Union Bank Training Centre,\u003C/span>\u003Cbr />\u003Cspan>Financial District, Gachibowli,\u003C/span> \u003Cbr />\u003Cspan>Hyderabad-500032, India.\u003C/span>\u003C/p>\"},{\"title\":\"Helpline\",\"heading\":\"Helpline\",\"description\":\"\u003Cul>\u003Cli>\u003Ca href=\\\"tel:1800-103-5319\\\">Customer - 1800-103-6116\u003C/a>\u003C/li>\u003Cli>\u003Ca href=\\\"tel:1800-103-2671\\\">Agent - 1800-103-2671\u003C/a>\u003C/li>\u003C/ul>\"}],\"social_media_group\":[{\"title\":\"Follow us on\",\"heading\":\"Follow us on\",\"social_media\":[{\"title\":\"Facebook - Follow us on\",\"icon\":[{\"media_img\":null,\"media_svg\":\"https://cdn.shriramlife.com/slic-kalam/files/2023-04/facebook.svg\",\"media_svg_alt\":\"facebook\",\"media_document\":null}],\"menu_link\":{\"url\":\"https://www.facebook.com/Shriramlife\",\"text\":\"https://www.facebook.com/Shriramlife\"}},{\"title\":\"LinkedIn - Follow us on\",\"icon\":[{\"media_img\":null,\"media_svg\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-05/linkedin.svg?VersionId=rfH8qB2UDCo98jwCeO8pBLdtlykrSKpc\",\"media_svg_alt\":\"linkedin\",\"media_document\":null}],\"menu_link\":{\"url\":\"https://www.linkedin.com/company/shriram-life-insurance/posts/?feedView=all\",\"text\":\"https://www.linkedin.com/company/shriram-life-insurance/posts/?feedView=all\"}},{\"title\":\"Twitter - Follow us on\",\"icon\":[{\"media_img\":null,\"media_svg\":\"https://cdn.shriramlife.com/slic-kalam/files/2023-09/Twitter_X__1_%20%282%29.svg\",\"media_svg_alt\":\"twitter\",\"media_document\":null}],\"menu_link\":{\"url\":\"https://twitter.com/shriramlifeins\",\"text\":\"https://twitter.com/shriramlifeins\"}},{\"title\":\"Instagram - Follow us on\",\"icon\":[{\"media_img\":null,\"media_svg\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-05/instagram.svg?VersionId=NnzicD0M2qJhWdRpX36W_4T98ZBxqcBp\",\"media_svg_alt\":\"instagram\",\"media_document\":null}],\"menu_link\":{\"url\":\"https://www.instagram.com/shriramlifeinsurance/\",\"text\":\"https://www.instagram.com/shriramlifeinsurance/\"}},{\"title\":\"WhatsApp - Follow us on\",\"icon\":[{\"media_img\":null,\"media_svg\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-05/whatsapp.svg?VersionId=aiacsufE37KYy5Gp.c2ZZJYQE7JDi0LN\",\"media_svg_alt\":\"whatsapp\",\"media_document\":null}],\"menu_link\":{\"url\":\"https://whatsapp.com/channel/0029Vb7xeCWE50UhFlWYkj1q\",\"text\":\"https://whatsapp.com/channel/0029Vb7xeCWE50UhFlWYkj1q\"}}]}],\"app_group\":[{\"title\":\"Download App\",\"heading\":\"Download App\",\"Apps\":[{\"title\":\"Download App - Android\",\"heading\":\"Android\",\"icon\":[{\"media_img\":null,\"media_svg\":\"https://cdn.shriramlife.com/slic-kalam/files/2023-04/android.svg\",\"media_svg_alt\":\"android\",\"media_document\":null}],\"menu_link\":{\"url\":\"https://play.google.com/store/apps/details?id=com.svs.slic\",\"text\":\"https://play.google.com/store/apps/details?id=com.svs.slic\"}}]}],\"copy_rights\":\"\u003Cp>© Shriram Life Insurance Co. Ltd. All the rights reserved. Registered with Insurance Regulatory & Development authority of India (IRDAI) as Life Insurance Company. Regn. No. 128. CIN: U66010TG2005PLC045616\u003C/p>\"}]","api/v1/header":"[{\"title\":\"Api - Header\",\"top_nav\":[{\"title\":\"Header - Top nav Test\",\"menu_group\":[{\"title\":\"Initiate Claim\",\"heading\":\"Initiate Claim\",\"menu_link\":{\"url\":\"https://myaccount.shriramlife.com/CustomerPortal/ClaimIntimation\",\"text\":\"Initiate Claim\"},\"sub_menu\":[],\"classes\":\"link\",\"menu_style\":\"Normal\",\"is_new\":\"\"},{\"title\":\"New Policy Payment\",\"heading\":\"New Policy Payment\",\"menu_link\":{\"url\":\"https://shriramlife.in/SLP/PaymentProcess\",\"text\":\"https://shriramlife.in/SLP/PaymentProcess\"},\"sub_menu\":[],\"classes\":\"link\",\"menu_style\":\"Normal\",\"is_new\":\"\"},{\"title\":\"Top Nav - Become an agent\",\"heading\":\"Become an agent\",\"menu_link\":{\"url\":\"/legal/become-an-advisor\",\"text\":\"Became an Agent\"},\"sub_menu\":[],\"classes\":\"link\",\"menu_style\":\"Normal\",\"is_new\":\"\"},{\"title\":\"Top Nav - Quick Pay\",\"heading\":\"Quick Pay\",\"menu_link\":{\"url\":\"https://shriramlife.in/SLP/Digital/SLICInstaRenew.aspx\",\"text\":\"Quick Pay\"},\"sub_menu\":[],\"classes\":\"btn\",\"menu_style\":\"Normal\",\"is_new\":\"\"},{\"title\":\"Resume Journey\",\"heading\":\"Resume Journey\",\"menu_link\":{\"url\":\"https://buy.shriramlife.com/OnlineInsurance/Resume-Application\",\"text\":\"Resume Application\"},\"sub_menu\":[],\"classes\":\"outline-btn\",\"menu_style\":\"Normal\",\"is_new\":\"\"},{\"title\":\"Top Nav - Login\",\"heading\":\"Login\",\"menu_link\":{\"url\":\"https://myaccount.shriramlife.com/CustomerPortal/login\",\"text\":\"Login\"},\"sub_menu\":[],\"classes\":\"Login\",\"menu_style\":0,\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0}],\"menu\":[{\"title\":\"Header Menu\",\"menu_group\":[{\"title\":\"Header Menu - Life Insurance Plans\",\"heading\":\"Life Insurance Plans\",\"menu_link\":{\"url\":\"\",\"text\":\"\"},\"sub_menu\":[{\"title\":\"Savings Plans \",\"heading\":\"Savings Plans\",\"menu_link\":{\"url\":\"/life-insurance/savings-plan\",\"text\":\"/life-insurance/savings-plan\"},\"sub_menu\":[{\"title\":\"Shriram Life Sunishchit Laabh\",\"heading\":\"Shriram Life Sunishchit Laabh\",\"menu_link\":{\"url\":\"/life-insurance/sunishchit-laabh\",\"text\":\"/life-insurance/sunishchit-laabh\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"Yes\"},{\"title\":\"Shriram Life Assured Income Plan\",\"heading\":\"Shriram Life Assured Income Plan\",\"menu_link\":{\"url\":\"/life-insurance/assured-income-plan\",\"text\":\"/life-insurance/assured-income-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Early Cash Plan\",\"heading\":\"Shriram Life Early Cash Plan\",\"menu_link\":{\"url\":\"/life-insurance/early-cash-plan\",\"text\":\"/life-insurance/early-cash-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Premier Assured Benefits\",\"heading\":\"Shriram Life Premier Assured Benefits\",\"menu_link\":{\"url\":\"/life-insurance/premier-assured-benefit-plan\",\"text\":\"/life-insurance/premier-assured-benefit-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life New Shri Vidya Plan\",\"heading\":\"Shriram Life New Shri Vidya Plan\",\"menu_link\":{\"url\":\"/life-insurance/new-shri-vidya-plan\",\"text\":\"/life-insurance/new-shri-vidya-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Assured Savings Plan\",\"heading\":\"Shriram Life Assured Savings Plan\",\"menu_link\":{\"url\":\"/life-insurance/assured-savings-plan\",\"text\":\"/life-insurance/assured-savings-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram New Shri Life plan\",\"heading\":\"Shriram New Shri Life plan\",\"menu_link\":{\"url\":\"/life-insurance/new-shri-life-plan\",\"text\":\"/life-insurance/new-shri-life-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Super Income Plan\",\"heading\":\"Shriram Life Super Income Plan\",\"menu_link\":{\"url\":\"/life-insurance/super-income-plan\",\"text\":\"/life-insurance/super-income-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0,\"cta\":{\"url\":\"\",\"text\":\"\"},\"is_new\":\"\"},{\"title\":\"Retirement Plans\",\"heading\":\"Retirement Plans\",\"menu_link\":{\"url\":\"/life-insurance/retirement-plan\",\"text\":\"/life-insurance/retirement-plan\"},\"sub_menu\":[{\"title\":\"Shriram Life Assured Income Plan\",\"heading\":\"Shriram Life Assured Income Plan\",\"menu_link\":{\"url\":\"/life-insurance/assured-income-plan\",\"text\":\"/life-insurance/assured-income-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Early Cash Plan\",\"heading\":\"Shriram Life Early Cash Plan\",\"menu_link\":{\"url\":\"/life-insurance/early-cash-plan\",\"text\":\"/life-insurance/early-cash-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Saral Pension\",\"heading\":\"Shriram Life Saral Pension\",\"menu_link\":{\"url\":\"/life-insurance/saral-pension\",\"text\":\"/life-insurance/saral-pension\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Pension Plus\",\"heading\":\"Shriram Life Pension Plus\",\"menu_link\":{\"url\":\"/life-insurance/pension-plus\",\"text\":\"/life-insurance/pension-plus\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Immediate Annuity Plus\",\"heading\":\"Shriram Life Immediate Annuity Plus\",\"menu_link\":{\"url\":\"/life-insurance/immediate-annuity-plus\",\"text\":\"/life-insurance/immediate-annuity-plus\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Deferred Annuity Plan\",\"heading\":\"Shriram Life Deferred Annuity Plan\",\"menu_link\":{\"url\":\"/life-insurance/deferred-annuity-plan\",\"text\":\"/life-insurance/deferred-annuity-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0,\"cta\":{\"url\":\"\",\"text\":\"\"},\"is_new\":\"\"},{\"title\":\"Child Plans\",\"heading\":\"Child Plans\",\"menu_link\":{\"url\":\"/life-insurance/child-plan\",\"text\":\"/life-insurance/child-plan\"},\"sub_menu\":[{\"title\":\"Shriram Life Assured Income Plan\",\"heading\":\"Shriram Life Assured Income Plan\",\"menu_link\":{\"url\":\"/life-insurance/assured-income-plan\",\"text\":\"/life-insurance/assured-income-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Early Cash Plan\",\"heading\":\"Shriram Life Early Cash Plan\",\"menu_link\":{\"url\":\"/life-insurance/early-cash-plan\",\"text\":\"/life-insurance/early-cash-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life New Shri Vidya Plan\",\"heading\":\"Shriram Life New Shri Vidya Plan\",\"menu_link\":{\"url\":\"/life-insurance/new-shri-vidya-plan\",\"text\":\"/life-insurance/new-shri-vidya-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0,\"cta\":{\"url\":\"\",\"text\":\"\"},\"is_new\":\"\"},{\"title\":\"Investment Plans\",\"heading\":\"Investment Plans\",\"menu_link\":{\"url\":\"/life-insurance/investment-plan\",\"text\":\"/life-insurance/investment-plan\"},\"sub_menu\":[{\"title\":\"Shriram Life Growth Plus\",\"heading\":\"Shriram Life Growth Plus\",\"menu_link\":{\"url\":\"/life-insurance/growth-plus\",\"text\":\"/life-insurance/growth-plus\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Fortune Builder\",\"heading\":\"Shriram Life Fortune Builder\",\"menu_link\":{\"url\":\"/life-insurance/fortune-builder\",\"text\":\"/life-insurance/fortune-builder\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Golden Jubilee Plan\",\"heading\":\"Shriram Life Golden Jubilee Plan\",\"menu_link\":{\"url\":\"/life-insurance/golden-jubilee-plan\",\"text\":\"/life-insurance/golden-jubilee-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Wealth Pro\",\"heading\":\"Shriram Life Wealth Pro\",\"menu_link\":{\"url\":\"/life-insurance/wealth-pro\",\"text\":\"/life-insurance/wealth-pro\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Protection Plans\",\"heading\":\"Protection Plans\",\"menu_link\":{\"url\":\"/life-insurance/protection-plan\",\"text\":\"/life-insurance/protection-plan\"},\"sub_menu\":[{\"title\":\"Shriram Life Smart Protection Plan\",\"heading\":\"Shriram Life Smart Protection Plan\",\"menu_link\":{\"url\":\"/life-insurance/smart-protection-plan\",\"text\":\"/life-insurance/smart-protection-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Online Term Plan\",\"heading\":\"Shriram Life Online Term Plan\",\"menu_link\":{\"url\":\"/life-insurance/online-term-plan\",\"text\":\"/life-insurance/online-term-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Comprehensive Cancer Care\",\"heading\":\"Shriram Life Comprehensive Cancer Care\",\"menu_link\":{\"url\":\"/life-insurance/comprehensive-cancer-care\",\"text\":\"/life-insurance/comprehensive-cancer-care\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Family Protection Plan\",\"heading\":\"Shriram Life Family Protection Plan\",\"menu_link\":{\"url\":\"/life-insurance/family-protection-plan\",\"text\":\"/life-insurance/family-protection-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Cash Back Term\",\"heading\":\"Shriram Life Cash Back Term\",\"menu_link\":{\"url\":\"/life-insurance/cash-back-term-plan\",\"text\":\"/life-insurance/cash-back-term-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life My Spouse Term Plan\",\"heading\":\"Shriram Life My Spouse Term Plan\",\"menu_link\":{\"url\":\"/life-insurance/my-spouse-term-plan\",\"text\":\"/life-insurance/my-spouse-term-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Smart Protection Plan SP\",\"heading\":\"Shriram Life Smart Protection Plan SP\",\"menu_link\":{\"url\":\"/life-insurance/smart-protection-plan-sp\",\"text\":\"/life-insurance/smart-protection-plan-sp\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Saral Jeevan Bima\",\"heading\":\"Shriram Life Saral Jeevan Bima\",\"menu_link\":{\"url\":\"/life-insurance/saral-jeevan-bima\",\"text\":\"/life-insurance/saral-jeevan-bima\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Group Life Protector SP\",\"heading\":\"Shriram Life Group Life Protector SP\",\"menu_link\":{\"url\":\"/life-insurance/group-life-protector-sp\",\"text\":\"/life-insurance/group-life-protector-sp\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Group Term Life Insurance Plan\",\"heading\":\"Shriram Life Group Term Life Insurance Plan\",\"menu_link\":{\"url\":\"/life-insurance/group-term-life-insurance-plan\",\"text\":\"/life-insurance/group-term-life-insurance-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Microinsurance Plans\",\"heading\":\"Microinsurance Plans\",\"menu_link\":{\"url\":\"/life-insurance/micro-insurance-plan\",\"text\":\"/life-insurance/micro-insurance-plan\"},\"sub_menu\":[{\"title\":\"Shriram Life Sujana\",\"heading\":\"Shriram Life Sujana\",\"menu_link\":{\"url\":\"/life-insurance/sujana\",\"text\":\"/life-insurance/sujana\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Jana Sahay\",\"heading\":\"Shriram Life Jana Sahay\",\"menu_link\":{\"url\":\"/life-insurance/jana-sahay\",\"text\":\"/life-insurance/jana-sahay\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Special Plans\",\"heading\":\"Special Plans\",\"menu_link\":{\"url\":\"/life-insurance/special-plan\",\"text\":\"/life-insurance/special-plan\"},\"sub_menu\":[{\"title\":\"Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana\",\"heading\":\"Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana\",\"menu_link\":{\"url\":\"/life-insurance/pradhan-mantri-jeevan-jyoti-bima-yojana\",\"text\":\"/life-insurance/pradhan-mantri-jeevan-jyoti-bima-yojana\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Employee Benefits Plans\",\"heading\":\"Employee Benefits Plans\",\"menu_link\":{\"url\":\"/life-insurance/employee-benefit-plan\",\"text\":\"/life-insurance/employee-benefit-plan\"},\"sub_menu\":[{\"title\":\"Shriram Life New Group Gratuity Plan\",\"heading\":\"Shriram Life New Group Gratuity Plan\",\"menu_link\":{\"url\":\"/life-insurance/new-group-gratuity\",\"text\":\"/life-insurance/new-group-gratuity\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Group Traditional Empolyee Benefit Plan\",\"heading\":\"Shriram Life Group Traditional Empolyee Benefit Plan\",\"menu_link\":{\"url\":\"/life-insurance/group-traditional-employee-benefit-plan\",\"text\":\"/life-insurance/group-traditional-employee-benefit-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Group Superannuation Plan\",\"heading\":\"Shriram Life Group Superannuation Plan\",\"menu_link\":{\"url\":\"/life-insurance/group-superannuation-plan\",\"text\":\"/life-insurance/group-superannuation-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Group Term Life Insurance in lieu of EDLI\",\"heading\":\"Shriram Life Group Term Life Insurance in lieu of EDLI\",\"menu_link\":{\"url\":\"/life-insurance/group-term-life-insurance-plan-edli\",\"text\":\"/life-insurance/group-term-life-insurance-plan-edli\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Traditional Riders\",\"heading\":\"Traditional Riders\",\"menu_link\":{\"url\":\"/life-insurance/rider\",\"text\":\"/life-insurance/rider\"},\"sub_menu\":[{\"title\":\"Shriram Life Accident Benefit Rider\",\"heading\":\"Shriram Life Accident Benefit Rider\",\"menu_link\":{\"url\":\"/life-insurance/accident-benefit-rider\",\"text\":\"/life-insurance/accident-benefit-rider\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Critical Illness Plus Rider\",\"heading\":\"Shriram Life Critical Illness Plus Rider\",\"menu_link\":{\"url\":\"/life-insurance/critical-illness-plus-rider\",\"text\":\"/life-insurance/critical-illness-plus-rider\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Family Income Benefit Rider\",\"heading\":\"Shriram Life Family Income Benefit Rider\",\"menu_link\":{\"url\":\"/life-insurance/family-income-benefit-rider\",\"text\":\"Shriram Life Family Income Benefit Rider\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Extra Insurance Cover Rider\",\"heading\":\"Shriram Life Extra Insurance Cover Rider\",\"menu_link\":{\"url\":\"/life-insurance/extra-insurance-cover-rider\",\"text\":\"/life-insurance/extra-insurance-cover-rider\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"No\"},{\"title\":\"ULIP Riders\",\"heading\":\"ULIP Riders\",\"menu_link\":{\"url\":\"/life-insurance/rider\",\"text\":\"/life-insurance/rider\"},\"sub_menu\":[{\"title\":\"Shriram Life Accidental Death And Disability Rider\",\"heading\":\"Shriram Life Accidental Death And Disability Rider\",\"menu_link\":{\"url\":\"/life-insurance/accidental-death-and-disability-rider\",\"text\":\"/life-insurance/accidental-death-and-disability-rider\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"No\"},{\"title\":\"Shriram Life Accident Death And Disability Income Rider\",\"heading\":\"Shriram Life Accident Death And Disability Income Rider\",\"menu_link\":{\"url\":\"/life-insurance/accident-death-and-disability-income-rider\",\"text\":\"/life-insurance/accident-death-and-disability-income-rider\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"No\"},{\"title\":\"Shriram Life Critical Illness Care Rider\",\"heading\":\"Shriram Life Critical Illness Care Rider\",\"menu_link\":{\"url\":\"/life-insurance/critical-illness-care-rider\",\"text\":\"/life-insurance/critical-illness-care-rider\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"No\"}],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"No\"}],\"classes\":\"--extraLarge\",\"menu_style\":\"Life Insurance\",\"is_new\":\"No\"},{\"title\":\"Sub Menu - Calculators\",\"heading\":\"Calculators\",\"menu_link\":{\"url\":\"\",\"text\":\"\"},\"sub_menu\":[{\"title\":\"Calculators - Generic Calculator\",\"heading\":\"Generic Calculators\",\"menu_link\":{\"url\":\"\",\"text\":\"\"},\"sub_menu\":[{\"title\":\"Children's Saving Calculator\",\"heading\":\"Children's Saving Calculator\",\"menu_link\":{\"url\":\"/child-growth-planner\",\"text\":\"Child Plan Calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Savings Planner Calculator\",\"heading\":\"Savings Plans Calculator\",\"menu_link\":{\"url\":\"/savings-planner\",\"text\":\"Savings plans calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Retirement Calculator\",\"heading\":\"Retirement Calculator\",\"menu_link\":{\"url\":\"/retirement-calculator\",\"text\":\"/retirement-calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Double Your Money Calculator\",\"heading\":\"Double Your Money Calculator\",\"menu_link\":{\"url\":\"/double-your-money-calculator\",\"text\":\"/double-your-money-calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"HLV Calculator\",\"heading\":\"HLV Calculator\",\"menu_link\":{\"url\":\"/hlv-calculator\",\"text\":\"HLV Calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"BMI Calculator\",\"heading\":\"BMI Calculator\",\"menu_link\":{\"url\":\"/bmi-calculator\",\"text\":\"/bmi-calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Smoking Calculator\",\"heading\":\"Smoking Calculator\",\"menu_link\":{\"url\":\"/smoking-calculator\",\"text\":\"Smoking Calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Income Tax Calculator\",\"heading\":\"Income Tax Calculator\",\"menu_link\":{\"url\":\"/income-tax-calculator\",\"text\":\"Income Tax Calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"HRA Calculator\",\"heading\":\"HRA Calculator\",\"menu_link\":{\"url\":\"/hra-calculator\",\"text\":\"HRA Calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Calculators - Product Calculators\",\"heading\":\"Product Calculators\",\"menu_link\":{\"url\":\"\",\"text\":\"\"},\"sub_menu\":[{\"title\":\"Shriram Life Premier Assured Benefit Calculator\",\"heading\":\"Shriram Life Premier Assured Benefit Calculator\",\"menu_link\":{\"url\":\"/life-insurance/premier-assured-benefit-plan-calculator\",\"text\":\"/life-insurance/premier-assured-benefit-plan-calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"No\"},{\"title\":\"Shriram Life Assured Income Plan Calculator\",\"heading\":\"Shriram Life Assured Income Plan Calculator\",\"menu_link\":{\"url\":\"/life-insurance/assured-income-plan-calculator\",\"text\":\"/life-insurance/assured-income-plan-calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"No\"},{\"title\":\"Shriram New Shri Life Plan Calculator\",\"heading\":\"Shriram New Shri Life Plan Calculator\",\"menu_link\":{\"url\":\"/life-insurance/new-shri-life-plan-calculator\",\"text\":\"/life-insurance/new-shri-life-plan-calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"No\"},{\"title\":\"Shriram Life New Shri Vidhya Calculator\",\"heading\":\"Shriram Life New Shri Vidhya Calculator\",\"menu_link\":{\"url\":\"/life-insurance/new-shri-vidya-plan-calculator\",\"text\":\"/life-insurance/new-shri-vidya-plan-calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"No\"},{\"title\":\"Shriram Life Early Cash Plan Calculator\",\"heading\":\"Shriram Life Early Cash Plan Calculator\",\"menu_link\":{\"url\":\"/life-insurance/early-cash-plan-calculator\",\"text\":\"/life-insurance/early-cash-plan-calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"No\"},{\"title\":\"Shriram Life Assured Savings Plan Calculator\",\"heading\":\"Shriram Life Assured Savings Plan Calculator\",\"menu_link\":{\"url\":\"/life-insurance/assured-savings-plan-calculator\",\"text\":\"/life-insurance/assured-savings-plan-calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"No\"}],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"No\"}],\"classes\":\"--large\",\"menu_style\":\"Calculator\",\"is_new\":\"\"},{\"title\":\"Header Menu - Services\",\"heading\":\"Services\",\"menu_link\":{\"url\":\"\",\"text\":\"\"},\"sub_menu\":[{\"title\":\"Services\",\"heading\":\"Services\",\"menu_link\":{\"url\":\"\",\"text\":\"\"},\"sub_menu\":[{\"title\":\"Claim Centre\",\"heading\":\"Claim Centre\",\"menu_link\":{\"url\":\"/services/claim-centre\",\"text\":\"/services/claim-centre\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Initiate Claim\",\"heading\":\"Initiate Claim\",\"menu_link\":{\"url\":\"https://myaccount.shriramlife.com/CustomerPortal/ClaimIntimation\",\"text\":\"Initiate Claim\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Quick Pay\",\"heading\":\"Quick Pay\",\"menu_link\":{\"url\":\"https://shriramlife.in/SLP/Digital/SLICInstaRenew.aspx\",\"text\":\"https://shriramlife.in/SLP/Digital/SLICInstaRenew.aspx\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Track Policy\",\"heading\":\"Track Policy\",\"menu_link\":{\"url\":\"https://cops.shriramlife.me/quoteredirect\",\"text\":\"https://cops.shriramlife.me/quoteredirect\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Renewal Payment Options\",\"heading\":\"Renewal Payment Options\",\"menu_link\":{\"url\":\"/services/renewal-payment-options-online\",\"text\":\"Renewal Payment \"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Online DGH\",\"heading\":\"Online DGH\",\"menu_link\":{\"url\":\"https://shriramlife.in/SLP/Digital/OnlinePSGH.aspx\",\"text\":\"https://shriramlife.in/SLP/Digital/OnlinePSGH.aspx\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Premium Paid Certificate\",\"heading\":\"Premium Paid Certificate\",\"menu_link\":{\"url\":\"/services/premium-paid-certificate\",\"text\":\"Premium Paid Certificate\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Bonus Information\",\"heading\":\"Bonus Information\",\"menu_link\":{\"url\":\"/services/bonus-information\",\"text\":\"Bonus Information\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Resume Journey\",\"heading\":\"Resume Journey\",\"menu_link\":{\"url\":\"https://buy.shriramlife.com/OnlineInsurance/Resume-Application\",\"text\":\"Resume Journey\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Downloads\",\"heading\":\"Downloads\",\"menu_link\":{\"url\":\"/download-forms\",\"text\":\"/download-forms\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":\"services\",\"menu_style\":0,\"cta\":{\"url\":\"https://myaccount.shriramlife.com/CustomerPortal/ClaimIntimation\",\"text\":\"https://myaccount.shriramlife.com/CustomerPortal/ClaimIntimation\"},\"is_new\":\"\"},{\"title\":\"Services One\",\"heading\":\"Services One\",\"menu_link\":{\"url\":\"\",\"text\":\"\"},\"sub_menu\":[{\"title\":\"Aadhaar E-KYC Consent Revoking Mechanism/Process\",\"heading\":\"Aadhaar E-KYC Consent Revoking Mechanism/Process\",\"menu_link\":{\"url\":\"/services/aadhaar-ekyc-consent-revoking\",\"text\":\"Aadhaar E-KYC Consent Revoking Mechanism/Process\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Grievance Redressal\",\"heading\":\"Grievance Redressal\",\"menu_link\":{\"url\":\"/services/grievance-redressal\",\"text\":\"Grievance Redressal\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"NAV History\",\"heading\":\"NAV History\",\"menu_link\":{\"url\":\"/services/nav-history\",\"text\":\"NAV History\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Unclaimed Amounts\",\"heading\":\"Unclaimed Amounts\",\"menu_link\":{\"url\":\"/services/unclaimed-amounts\",\"text\":\"Unclaimed Amounts\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"NRI Zone\",\"heading\":\"NRI Zone\",\"menu_link\":{\"url\":\"/services/nri-zone\",\"text\":\"/services/nri-zone\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"E-Nach Mandate\\t\",\"heading\":\"E-Nach Mandate Activation\",\"menu_link\":{\"url\":\"/services/nach-mandate-activation\",\"text\":\"E-Nach Mandate\"},\"sub_menu\":[],\"classes\":\"--medium\",\"menu_style\":\"Services\",\"cta\":null,\"is_new\":\"\"},{\"title\":\"Register for WhatsApp Notifications\",\"heading\":\"Register for WhatsApp Notifications\",\"menu_link\":{\"url\":\"/services/register-for-whatsapp\",\"text\":\"/services/register-for-whatsapp\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"SLIC Handy Service Manual\",\"heading\":\"SLIC Handy Service Manual\",\"menu_link\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2024-01/SLIC_Handy_Service_Manual.pdf\",\"text\":\"SLIC Handy Service Manual\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":\"services\",\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":\"--medium\",\"menu_style\":\"Services\",\"is_new\":\"\"},{\"title\":\"Header Menu - Resources\",\"heading\":\"Resources\",\"menu_link\":{\"url\":\"\",\"text\":\"\"},\"sub_menu\":[{\"title\":\"Testimonials\",\"heading\":\"Testimonials\",\"menu_link\":{\"url\":\"/testimonials/customer-testimonials\",\"text\":\"/testimonials/customer-testimonials\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Blogs\",\"heading\":\"Blogs\",\"menu_link\":{\"url\":\"/blog\",\"text\":\"/blog\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":\"--small\",\"menu_style\":\"Resources\",\"is_new\":\"\"},{\"title\":\"Header Menu - Discover Shriram Life\",\"heading\":\"Discover Shriram Life\",\"menu_link\":{\"url\":\"\",\"text\":\"\"},\"sub_menu\":[{\"title\":\"About Us\",\"heading\":\"About Us\",\"menu_link\":{\"url\":\"/discover/about-us\",\"text\":\"/discover/about-us\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Media\",\"heading\":\"Media\",\"menu_link\":{\"url\":\"/discover/media/press-coverage\",\"text\":\"/discover/media/press-coverage\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Careers\",\"heading\":\"Careers\",\"menu_link\":{\"url\":\"/discover/careers\",\"text\":\"/discover/careers\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Distribution Channels\",\"heading\":\"Distribution Channels\",\"menu_link\":{\"url\":\"/discover/distribution-channels\",\"text\":\"/discover/distribution-channels\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"No\"},{\"title\":\"Videos\",\"heading\":\"Videos\",\"menu_link\":{\"url\":\"/discover/videos\",\"text\":\"/discover/videos\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":\"--extraSmall\",\"menu_style\":\"Discover\",\"is_new\":\"No\"},{\"title\":\"Header Menu - Contact Us\",\"heading\":\"Contact Us\",\"menu_link\":{\"url\":\"\",\"text\":\"\"},\"sub_menu\":[{\"title\":\"Toll-Free Numbers\",\"heading\":\"Toll-Free Numbers\",\"menu_link\":{\"url\":\"\",\"text\":\"\"},\"sub_menu\":[{\"title\":\"Customer\",\"heading\":\"Customer\",\"menu_link\":{\"url\":\"tel:18001036116\",\"text\":\"1800-103-6116\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Agent\",\"heading\":\"Agent\",\"menu_link\":{\"url\":\"tel:18001032671\",\"text\":\"1800-103-2671\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Buy Policy\",\"heading\":\"Buy Policy\",\"menu_link\":{\"url\":\"tel:18001037401\",\"text\":\"1800-103-7401\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Contact Us\",\"heading\":\"Contact Us\",\"menu_link\":{\"url\":\"\",\"text\":\"\"},\"sub_menu\":[{\"title\":\"Service Request\",\"heading\":\"Service Request\",\"menu_link\":{\"url\":\"/contact-us/service-request\",\"text\":\"/contact-us/service-request\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Branch Locator\",\"heading\":\"Branch Locator\",\"menu_link\":{\"url\":\"/contact-us/branches\",\"text\":\"/contact-us/branches\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Reach Us\",\"heading\":\"Reach Us\",\"menu_link\":{\"url\":\"/reach-us\",\"text\":\"/reach-us\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Sales and Service\",\"heading\":\"Sales and Service\",\"menu_link\":{\"url\":\"/contact-us/sales-service-enquiry\",\"text\":\"/contact-us/sales-service-enquiry\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"FAQ's\",\"heading\":\"FAQ's\",\"menu_link\":{\"url\":\"/contact-us/faq\",\"text\":\"/contact-us/faq\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":\"--extraMedium\",\"menu_style\":\"Phone\",\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0}]}]","http://127.0.0.1:4000/api/v1/header":"[{\"title\":\"Api - Header\",\"top_nav\":[{\"title\":\"Header - Top nav Test\",\"menu_group\":[{\"title\":\"Initiate Claim\",\"heading\":\"Initiate Claim\",\"menu_link\":{\"url\":\"https://myaccount.shriramlife.com/CustomerPortal/ClaimIntimation\",\"text\":\"Initiate Claim\"},\"sub_menu\":[],\"classes\":\"link\",\"menu_style\":\"Normal\",\"is_new\":\"\"},{\"title\":\"New Policy Payment\",\"heading\":\"New Policy Payment\",\"menu_link\":{\"url\":\"https://shriramlife.in/SLP/PaymentProcess\",\"text\":\"https://shriramlife.in/SLP/PaymentProcess\"},\"sub_menu\":[],\"classes\":\"link\",\"menu_style\":\"Normal\",\"is_new\":\"\"},{\"title\":\"Top Nav - Become an agent\",\"heading\":\"Become an agent\",\"menu_link\":{\"url\":\"/legal/become-an-advisor\",\"text\":\"Became an Agent\"},\"sub_menu\":[],\"classes\":\"link\",\"menu_style\":\"Normal\",\"is_new\":\"\"},{\"title\":\"Top Nav - Quick Pay\",\"heading\":\"Quick Pay\",\"menu_link\":{\"url\":\"https://shriramlife.in/SLP/Digital/SLICInstaRenew.aspx\",\"text\":\"Quick Pay\"},\"sub_menu\":[],\"classes\":\"btn\",\"menu_style\":\"Normal\",\"is_new\":\"\"},{\"title\":\"Resume Journey\",\"heading\":\"Resume Journey\",\"menu_link\":{\"url\":\"https://buy.shriramlife.com/OnlineInsurance/Resume-Application\",\"text\":\"Resume Application\"},\"sub_menu\":[],\"classes\":\"outline-btn\",\"menu_style\":\"Normal\",\"is_new\":\"\"},{\"title\":\"Top Nav - Login\",\"heading\":\"Login\",\"menu_link\":{\"url\":\"https://myaccount.shriramlife.com/CustomerPortal/login\",\"text\":\"Login\"},\"sub_menu\":[],\"classes\":\"Login\",\"menu_style\":0,\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0}],\"menu\":[{\"title\":\"Header Menu\",\"menu_group\":[{\"title\":\"Header Menu - Life Insurance Plans\",\"heading\":\"Life Insurance Plans\",\"menu_link\":{\"url\":\"\",\"text\":\"\"},\"sub_menu\":[{\"title\":\"Savings Plans \",\"heading\":\"Savings Plans\",\"menu_link\":{\"url\":\"/life-insurance/savings-plan\",\"text\":\"/life-insurance/savings-plan\"},\"sub_menu\":[{\"title\":\"Shriram Life Sunishchit Laabh\",\"heading\":\"Shriram Life Sunishchit Laabh\",\"menu_link\":{\"url\":\"/life-insurance/sunishchit-laabh\",\"text\":\"/life-insurance/sunishchit-laabh\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"Yes\"},{\"title\":\"Shriram Life Assured Income Plan\",\"heading\":\"Shriram Life Assured Income Plan\",\"menu_link\":{\"url\":\"/life-insurance/assured-income-plan\",\"text\":\"/life-insurance/assured-income-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Early Cash Plan\",\"heading\":\"Shriram Life Early Cash Plan\",\"menu_link\":{\"url\":\"/life-insurance/early-cash-plan\",\"text\":\"/life-insurance/early-cash-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Premier Assured Benefits\",\"heading\":\"Shriram Life Premier Assured Benefits\",\"menu_link\":{\"url\":\"/life-insurance/premier-assured-benefit-plan\",\"text\":\"/life-insurance/premier-assured-benefit-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life New Shri Vidya Plan\",\"heading\":\"Shriram Life New Shri Vidya Plan\",\"menu_link\":{\"url\":\"/life-insurance/new-shri-vidya-plan\",\"text\":\"/life-insurance/new-shri-vidya-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Assured Savings Plan\",\"heading\":\"Shriram Life Assured Savings Plan\",\"menu_link\":{\"url\":\"/life-insurance/assured-savings-plan\",\"text\":\"/life-insurance/assured-savings-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram New Shri Life plan\",\"heading\":\"Shriram New Shri Life plan\",\"menu_link\":{\"url\":\"/life-insurance/new-shri-life-plan\",\"text\":\"/life-insurance/new-shri-life-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Super Income Plan\",\"heading\":\"Shriram Life Super Income Plan\",\"menu_link\":{\"url\":\"/life-insurance/super-income-plan\",\"text\":\"/life-insurance/super-income-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0,\"cta\":{\"url\":\"\",\"text\":\"\"},\"is_new\":\"\"},{\"title\":\"Retirement Plans\",\"heading\":\"Retirement Plans\",\"menu_link\":{\"url\":\"/life-insurance/retirement-plan\",\"text\":\"/life-insurance/retirement-plan\"},\"sub_menu\":[{\"title\":\"Shriram Life Assured Income Plan\",\"heading\":\"Shriram Life Assured Income Plan\",\"menu_link\":{\"url\":\"/life-insurance/assured-income-plan\",\"text\":\"/life-insurance/assured-income-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Early Cash Plan\",\"heading\":\"Shriram Life Early Cash Plan\",\"menu_link\":{\"url\":\"/life-insurance/early-cash-plan\",\"text\":\"/life-insurance/early-cash-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Saral Pension\",\"heading\":\"Shriram Life Saral Pension\",\"menu_link\":{\"url\":\"/life-insurance/saral-pension\",\"text\":\"/life-insurance/saral-pension\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Pension Plus\",\"heading\":\"Shriram Life Pension Plus\",\"menu_link\":{\"url\":\"/life-insurance/pension-plus\",\"text\":\"/life-insurance/pension-plus\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Immediate Annuity Plus\",\"heading\":\"Shriram Life Immediate Annuity Plus\",\"menu_link\":{\"url\":\"/life-insurance/immediate-annuity-plus\",\"text\":\"/life-insurance/immediate-annuity-plus\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Deferred Annuity Plan\",\"heading\":\"Shriram Life Deferred Annuity Plan\",\"menu_link\":{\"url\":\"/life-insurance/deferred-annuity-plan\",\"text\":\"/life-insurance/deferred-annuity-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0,\"cta\":{\"url\":\"\",\"text\":\"\"},\"is_new\":\"\"},{\"title\":\"Child Plans\",\"heading\":\"Child Plans\",\"menu_link\":{\"url\":\"/life-insurance/child-plan\",\"text\":\"/life-insurance/child-plan\"},\"sub_menu\":[{\"title\":\"Shriram Life Assured Income Plan\",\"heading\":\"Shriram Life Assured Income Plan\",\"menu_link\":{\"url\":\"/life-insurance/assured-income-plan\",\"text\":\"/life-insurance/assured-income-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Early Cash Plan\",\"heading\":\"Shriram Life Early Cash Plan\",\"menu_link\":{\"url\":\"/life-insurance/early-cash-plan\",\"text\":\"/life-insurance/early-cash-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life New Shri Vidya Plan\",\"heading\":\"Shriram Life New Shri Vidya Plan\",\"menu_link\":{\"url\":\"/life-insurance/new-shri-vidya-plan\",\"text\":\"/life-insurance/new-shri-vidya-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0,\"cta\":{\"url\":\"\",\"text\":\"\"},\"is_new\":\"\"},{\"title\":\"Investment Plans\",\"heading\":\"Investment Plans\",\"menu_link\":{\"url\":\"/life-insurance/investment-plan\",\"text\":\"/life-insurance/investment-plan\"},\"sub_menu\":[{\"title\":\"Shriram Life Growth Plus\",\"heading\":\"Shriram Life Growth Plus\",\"menu_link\":{\"url\":\"/life-insurance/growth-plus\",\"text\":\"/life-insurance/growth-plus\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Fortune Builder\",\"heading\":\"Shriram Life Fortune Builder\",\"menu_link\":{\"url\":\"/life-insurance/fortune-builder\",\"text\":\"/life-insurance/fortune-builder\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Golden Jubilee Plan\",\"heading\":\"Shriram Life Golden Jubilee Plan\",\"menu_link\":{\"url\":\"/life-insurance/golden-jubilee-plan\",\"text\":\"/life-insurance/golden-jubilee-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Wealth Pro\",\"heading\":\"Shriram Life Wealth Pro\",\"menu_link\":{\"url\":\"/life-insurance/wealth-pro\",\"text\":\"/life-insurance/wealth-pro\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Protection Plans\",\"heading\":\"Protection Plans\",\"menu_link\":{\"url\":\"/life-insurance/protection-plan\",\"text\":\"/life-insurance/protection-plan\"},\"sub_menu\":[{\"title\":\"Shriram Life Smart Protection Plan\",\"heading\":\"Shriram Life Smart Protection Plan\",\"menu_link\":{\"url\":\"/life-insurance/smart-protection-plan\",\"text\":\"/life-insurance/smart-protection-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Online Term Plan\",\"heading\":\"Shriram Life Online Term Plan\",\"menu_link\":{\"url\":\"/life-insurance/online-term-plan\",\"text\":\"/life-insurance/online-term-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Comprehensive Cancer Care\",\"heading\":\"Shriram Life Comprehensive Cancer Care\",\"menu_link\":{\"url\":\"/life-insurance/comprehensive-cancer-care\",\"text\":\"/life-insurance/comprehensive-cancer-care\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Family Protection Plan\",\"heading\":\"Shriram Life Family Protection Plan\",\"menu_link\":{\"url\":\"/life-insurance/family-protection-plan\",\"text\":\"/life-insurance/family-protection-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Cash Back Term\",\"heading\":\"Shriram Life Cash Back Term\",\"menu_link\":{\"url\":\"/life-insurance/cash-back-term-plan\",\"text\":\"/life-insurance/cash-back-term-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life My Spouse Term Plan\",\"heading\":\"Shriram Life My Spouse Term Plan\",\"menu_link\":{\"url\":\"/life-insurance/my-spouse-term-plan\",\"text\":\"/life-insurance/my-spouse-term-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Smart Protection Plan SP\",\"heading\":\"Shriram Life Smart Protection Plan SP\",\"menu_link\":{\"url\":\"/life-insurance/smart-protection-plan-sp\",\"text\":\"/life-insurance/smart-protection-plan-sp\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Saral Jeevan Bima\",\"heading\":\"Shriram Life Saral Jeevan Bima\",\"menu_link\":{\"url\":\"/life-insurance/saral-jeevan-bima\",\"text\":\"/life-insurance/saral-jeevan-bima\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Group Life Protector SP\",\"heading\":\"Shriram Life Group Life Protector SP\",\"menu_link\":{\"url\":\"/life-insurance/group-life-protector-sp\",\"text\":\"/life-insurance/group-life-protector-sp\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Group Term Life Insurance Plan\",\"heading\":\"Shriram Life Group Term Life Insurance Plan\",\"menu_link\":{\"url\":\"/life-insurance/group-term-life-insurance-plan\",\"text\":\"/life-insurance/group-term-life-insurance-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Microinsurance Plans\",\"heading\":\"Microinsurance Plans\",\"menu_link\":{\"url\":\"/life-insurance/micro-insurance-plan\",\"text\":\"/life-insurance/micro-insurance-plan\"},\"sub_menu\":[{\"title\":\"Shriram Life Sujana\",\"heading\":\"Shriram Life Sujana\",\"menu_link\":{\"url\":\"/life-insurance/sujana\",\"text\":\"/life-insurance/sujana\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Jana Sahay\",\"heading\":\"Shriram Life Jana Sahay\",\"menu_link\":{\"url\":\"/life-insurance/jana-sahay\",\"text\":\"/life-insurance/jana-sahay\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Special Plans\",\"heading\":\"Special Plans\",\"menu_link\":{\"url\":\"/life-insurance/special-plan\",\"text\":\"/life-insurance/special-plan\"},\"sub_menu\":[{\"title\":\"Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana\",\"heading\":\"Shriram Life Pradhan Mantri Jeevan Jyoti Bima Yojana\",\"menu_link\":{\"url\":\"/life-insurance/pradhan-mantri-jeevan-jyoti-bima-yojana\",\"text\":\"/life-insurance/pradhan-mantri-jeevan-jyoti-bima-yojana\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Employee Benefits Plans\",\"heading\":\"Employee Benefits Plans\",\"menu_link\":{\"url\":\"/life-insurance/employee-benefit-plan\",\"text\":\"/life-insurance/employee-benefit-plan\"},\"sub_menu\":[{\"title\":\"Shriram Life New Group Gratuity Plan\",\"heading\":\"Shriram Life New Group Gratuity Plan\",\"menu_link\":{\"url\":\"/life-insurance/new-group-gratuity\",\"text\":\"/life-insurance/new-group-gratuity\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Group Traditional Empolyee Benefit Plan\",\"heading\":\"Shriram Life Group Traditional Empolyee Benefit Plan\",\"menu_link\":{\"url\":\"/life-insurance/group-traditional-employee-benefit-plan\",\"text\":\"/life-insurance/group-traditional-employee-benefit-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Group Superannuation Plan\",\"heading\":\"Shriram Life Group Superannuation Plan\",\"menu_link\":{\"url\":\"/life-insurance/group-superannuation-plan\",\"text\":\"/life-insurance/group-superannuation-plan\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Group Term Life Insurance in lieu of EDLI\",\"heading\":\"Shriram Life Group Term Life Insurance in lieu of EDLI\",\"menu_link\":{\"url\":\"/life-insurance/group-term-life-insurance-plan-edli\",\"text\":\"/life-insurance/group-term-life-insurance-plan-edli\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Traditional Riders\",\"heading\":\"Traditional Riders\",\"menu_link\":{\"url\":\"/life-insurance/rider\",\"text\":\"/life-insurance/rider\"},\"sub_menu\":[{\"title\":\"Shriram Life Accident Benefit Rider\",\"heading\":\"Shriram Life Accident Benefit Rider\",\"menu_link\":{\"url\":\"/life-insurance/accident-benefit-rider\",\"text\":\"/life-insurance/accident-benefit-rider\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Critical Illness Plus Rider\",\"heading\":\"Shriram Life Critical Illness Plus Rider\",\"menu_link\":{\"url\":\"/life-insurance/critical-illness-plus-rider\",\"text\":\"/life-insurance/critical-illness-plus-rider\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Family Income Benefit Rider\",\"heading\":\"Shriram Life Family Income Benefit Rider\",\"menu_link\":{\"url\":\"/life-insurance/family-income-benefit-rider\",\"text\":\"Shriram Life Family Income Benefit Rider\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Shriram Life Extra Insurance Cover Rider\",\"heading\":\"Shriram Life Extra Insurance Cover Rider\",\"menu_link\":{\"url\":\"/life-insurance/extra-insurance-cover-rider\",\"text\":\"/life-insurance/extra-insurance-cover-rider\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"No\"},{\"title\":\"ULIP Riders\",\"heading\":\"ULIP Riders\",\"menu_link\":{\"url\":\"/life-insurance/rider\",\"text\":\"/life-insurance/rider\"},\"sub_menu\":[{\"title\":\"Shriram Life Accidental Death And Disability Rider\",\"heading\":\"Shriram Life Accidental Death And Disability Rider\",\"menu_link\":{\"url\":\"/life-insurance/accidental-death-and-disability-rider\",\"text\":\"/life-insurance/accidental-death-and-disability-rider\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"No\"},{\"title\":\"Shriram Life Accident Death And Disability Income Rider\",\"heading\":\"Shriram Life Accident Death And Disability Income Rider\",\"menu_link\":{\"url\":\"/life-insurance/accident-death-and-disability-income-rider\",\"text\":\"/life-insurance/accident-death-and-disability-income-rider\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"No\"},{\"title\":\"Shriram Life Critical Illness Care Rider\",\"heading\":\"Shriram Life Critical Illness Care Rider\",\"menu_link\":{\"url\":\"/life-insurance/critical-illness-care-rider\",\"text\":\"/life-insurance/critical-illness-care-rider\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"No\"}],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"No\"}],\"classes\":\"--extraLarge\",\"menu_style\":\"Life Insurance\",\"is_new\":\"No\"},{\"title\":\"Sub Menu - Calculators\",\"heading\":\"Calculators\",\"menu_link\":{\"url\":\"\",\"text\":\"\"},\"sub_menu\":[{\"title\":\"Calculators - Generic Calculator\",\"heading\":\"Generic Calculators\",\"menu_link\":{\"url\":\"\",\"text\":\"\"},\"sub_menu\":[{\"title\":\"Children's Saving Calculator\",\"heading\":\"Children's Saving Calculator\",\"menu_link\":{\"url\":\"/child-growth-planner\",\"text\":\"Child Plan Calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Savings Planner Calculator\",\"heading\":\"Savings Plans Calculator\",\"menu_link\":{\"url\":\"/savings-planner\",\"text\":\"Savings plans calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Retirement Calculator\",\"heading\":\"Retirement Calculator\",\"menu_link\":{\"url\":\"/retirement-calculator\",\"text\":\"/retirement-calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Double Your Money Calculator\",\"heading\":\"Double Your Money Calculator\",\"menu_link\":{\"url\":\"/double-your-money-calculator\",\"text\":\"/double-your-money-calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"HLV Calculator\",\"heading\":\"HLV Calculator\",\"menu_link\":{\"url\":\"/hlv-calculator\",\"text\":\"HLV Calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"BMI Calculator\",\"heading\":\"BMI Calculator\",\"menu_link\":{\"url\":\"/bmi-calculator\",\"text\":\"/bmi-calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Smoking Calculator\",\"heading\":\"Smoking Calculator\",\"menu_link\":{\"url\":\"/smoking-calculator\",\"text\":\"Smoking Calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Income Tax Calculator\",\"heading\":\"Income Tax Calculator\",\"menu_link\":{\"url\":\"/income-tax-calculator\",\"text\":\"Income Tax Calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"HRA Calculator\",\"heading\":\"HRA Calculator\",\"menu_link\":{\"url\":\"/hra-calculator\",\"text\":\"HRA Calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Calculators - Product Calculators\",\"heading\":\"Product Calculators\",\"menu_link\":{\"url\":\"\",\"text\":\"\"},\"sub_menu\":[{\"title\":\"Shriram Life Premier Assured Benefit Calculator\",\"heading\":\"Shriram Life Premier Assured Benefit Calculator\",\"menu_link\":{\"url\":\"/life-insurance/premier-assured-benefit-plan-calculator\",\"text\":\"/life-insurance/premier-assured-benefit-plan-calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"No\"},{\"title\":\"Shriram Life Assured Income Plan Calculator\",\"heading\":\"Shriram Life Assured Income Plan Calculator\",\"menu_link\":{\"url\":\"/life-insurance/assured-income-plan-calculator\",\"text\":\"/life-insurance/assured-income-plan-calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"No\"},{\"title\":\"Shriram New Shri Life Plan Calculator\",\"heading\":\"Shriram New Shri Life Plan Calculator\",\"menu_link\":{\"url\":\"/life-insurance/new-shri-life-plan-calculator\",\"text\":\"/life-insurance/new-shri-life-plan-calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"No\"},{\"title\":\"Shriram Life New Shri Vidhya Calculator\",\"heading\":\"Shriram Life New Shri Vidhya Calculator\",\"menu_link\":{\"url\":\"/life-insurance/new-shri-vidya-plan-calculator\",\"text\":\"/life-insurance/new-shri-vidya-plan-calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"No\"},{\"title\":\"Shriram Life Early Cash Plan Calculator\",\"heading\":\"Shriram Life Early Cash Plan Calculator\",\"menu_link\":{\"url\":\"/life-insurance/early-cash-plan-calculator\",\"text\":\"/life-insurance/early-cash-plan-calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"No\"},{\"title\":\"Shriram Life Assured Savings Plan Calculator\",\"heading\":\"Shriram Life Assured Savings Plan Calculator\",\"menu_link\":{\"url\":\"/life-insurance/assured-savings-plan-calculator\",\"text\":\"/life-insurance/assured-savings-plan-calculator\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"No\"}],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"No\"}],\"classes\":\"--large\",\"menu_style\":\"Calculator\",\"is_new\":\"\"},{\"title\":\"Header Menu - Services\",\"heading\":\"Services\",\"menu_link\":{\"url\":\"\",\"text\":\"\"},\"sub_menu\":[{\"title\":\"Services\",\"heading\":\"Services\",\"menu_link\":{\"url\":\"\",\"text\":\"\"},\"sub_menu\":[{\"title\":\"Claim Centre\",\"heading\":\"Claim Centre\",\"menu_link\":{\"url\":\"/services/claim-centre\",\"text\":\"/services/claim-centre\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Initiate Claim\",\"heading\":\"Initiate Claim\",\"menu_link\":{\"url\":\"https://myaccount.shriramlife.com/CustomerPortal/ClaimIntimation\",\"text\":\"Initiate Claim\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Quick Pay\",\"heading\":\"Quick Pay\",\"menu_link\":{\"url\":\"https://shriramlife.in/SLP/Digital/SLICInstaRenew.aspx\",\"text\":\"https://shriramlife.in/SLP/Digital/SLICInstaRenew.aspx\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Track Policy\",\"heading\":\"Track Policy\",\"menu_link\":{\"url\":\"https://cops.shriramlife.me/quoteredirect\",\"text\":\"https://cops.shriramlife.me/quoteredirect\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Renewal Payment Options\",\"heading\":\"Renewal Payment Options\",\"menu_link\":{\"url\":\"/services/renewal-payment-options-online\",\"text\":\"Renewal Payment \"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Online DGH\",\"heading\":\"Online DGH\",\"menu_link\":{\"url\":\"https://shriramlife.in/SLP/Digital/OnlinePSGH.aspx\",\"text\":\"https://shriramlife.in/SLP/Digital/OnlinePSGH.aspx\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Premium Paid Certificate\",\"heading\":\"Premium Paid Certificate\",\"menu_link\":{\"url\":\"/services/premium-paid-certificate\",\"text\":\"Premium Paid Certificate\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Bonus Information\",\"heading\":\"Bonus Information\",\"menu_link\":{\"url\":\"/services/bonus-information\",\"text\":\"Bonus Information\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Resume Journey\",\"heading\":\"Resume Journey\",\"menu_link\":{\"url\":\"https://buy.shriramlife.com/OnlineInsurance/Resume-Application\",\"text\":\"Resume Journey\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Downloads\",\"heading\":\"Downloads\",\"menu_link\":{\"url\":\"/download-forms\",\"text\":\"/download-forms\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":\"services\",\"menu_style\":0,\"cta\":{\"url\":\"https://myaccount.shriramlife.com/CustomerPortal/ClaimIntimation\",\"text\":\"https://myaccount.shriramlife.com/CustomerPortal/ClaimIntimation\"},\"is_new\":\"\"},{\"title\":\"Services One\",\"heading\":\"Services One\",\"menu_link\":{\"url\":\"\",\"text\":\"\"},\"sub_menu\":[{\"title\":\"Aadhaar E-KYC Consent Revoking Mechanism/Process\",\"heading\":\"Aadhaar E-KYC Consent Revoking Mechanism/Process\",\"menu_link\":{\"url\":\"/services/aadhaar-ekyc-consent-revoking\",\"text\":\"Aadhaar E-KYC Consent Revoking Mechanism/Process\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Grievance Redressal\",\"heading\":\"Grievance Redressal\",\"menu_link\":{\"url\":\"/services/grievance-redressal\",\"text\":\"Grievance Redressal\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"NAV History\",\"heading\":\"NAV History\",\"menu_link\":{\"url\":\"/services/nav-history\",\"text\":\"NAV History\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Unclaimed Amounts\",\"heading\":\"Unclaimed Amounts\",\"menu_link\":{\"url\":\"/services/unclaimed-amounts\",\"text\":\"Unclaimed Amounts\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"NRI Zone\",\"heading\":\"NRI Zone\",\"menu_link\":{\"url\":\"/services/nri-zone\",\"text\":\"/services/nri-zone\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"E-Nach Mandate\\t\",\"heading\":\"E-Nach Mandate Activation\",\"menu_link\":{\"url\":\"/services/nach-mandate-activation\",\"text\":\"E-Nach Mandate\"},\"sub_menu\":[],\"classes\":\"--medium\",\"menu_style\":\"Services\",\"cta\":null,\"is_new\":\"\"},{\"title\":\"Register for WhatsApp Notifications\",\"heading\":\"Register for WhatsApp Notifications\",\"menu_link\":{\"url\":\"/services/register-for-whatsapp\",\"text\":\"/services/register-for-whatsapp\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"SLIC Handy Service Manual\",\"heading\":\"SLIC Handy Service Manual\",\"menu_link\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2024-01/SLIC_Handy_Service_Manual.pdf\",\"text\":\"SLIC Handy Service Manual\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":\"services\",\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":\"--medium\",\"menu_style\":\"Services\",\"is_new\":\"\"},{\"title\":\"Header Menu - Resources\",\"heading\":\"Resources\",\"menu_link\":{\"url\":\"\",\"text\":\"\"},\"sub_menu\":[{\"title\":\"Testimonials\",\"heading\":\"Testimonials\",\"menu_link\":{\"url\":\"/testimonials/customer-testimonials\",\"text\":\"/testimonials/customer-testimonials\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Blogs\",\"heading\":\"Blogs\",\"menu_link\":{\"url\":\"/blog\",\"text\":\"/blog\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":\"--small\",\"menu_style\":\"Resources\",\"is_new\":\"\"},{\"title\":\"Header Menu - Discover Shriram Life\",\"heading\":\"Discover Shriram Life\",\"menu_link\":{\"url\":\"\",\"text\":\"\"},\"sub_menu\":[{\"title\":\"About Us\",\"heading\":\"About Us\",\"menu_link\":{\"url\":\"/discover/about-us\",\"text\":\"/discover/about-us\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Media\",\"heading\":\"Media\",\"menu_link\":{\"url\":\"/discover/media/press-coverage\",\"text\":\"/discover/media/press-coverage\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Careers\",\"heading\":\"Careers\",\"menu_link\":{\"url\":\"/discover/careers\",\"text\":\"/discover/careers\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Distribution Channels\",\"heading\":\"Distribution Channels\",\"menu_link\":{\"url\":\"/discover/distribution-channels\",\"text\":\"/discover/distribution-channels\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"No\"},{\"title\":\"Videos\",\"heading\":\"Videos\",\"menu_link\":{\"url\":\"/discover/videos\",\"text\":\"/discover/videos\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":\"--extraSmall\",\"menu_style\":\"Discover\",\"is_new\":\"No\"},{\"title\":\"Header Menu - Contact Us\",\"heading\":\"Contact Us\",\"menu_link\":{\"url\":\"\",\"text\":\"\"},\"sub_menu\":[{\"title\":\"Toll-Free Numbers\",\"heading\":\"Toll-Free Numbers\",\"menu_link\":{\"url\":\"\",\"text\":\"\"},\"sub_menu\":[{\"title\":\"Customer\",\"heading\":\"Customer\",\"menu_link\":{\"url\":\"tel:18001036116\",\"text\":\"1800-103-6116\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Agent\",\"heading\":\"Agent\",\"menu_link\":{\"url\":\"tel:18001032671\",\"text\":\"1800-103-2671\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Buy Policy\",\"heading\":\"Buy Policy\",\"menu_link\":{\"url\":\"tel:18001037401\",\"text\":\"1800-103-7401\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Contact Us\",\"heading\":\"Contact Us\",\"menu_link\":{\"url\":\"\",\"text\":\"\"},\"sub_menu\":[{\"title\":\"Service Request\",\"heading\":\"Service Request\",\"menu_link\":{\"url\":\"/contact-us/service-request\",\"text\":\"/contact-us/service-request\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Branch Locator\",\"heading\":\"Branch Locator\",\"menu_link\":{\"url\":\"/contact-us/branches\",\"text\":\"/contact-us/branches\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Reach Us\",\"heading\":\"Reach Us\",\"menu_link\":{\"url\":\"/reach-us\",\"text\":\"/reach-us\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"Sales and Service\",\"heading\":\"Sales and Service\",\"menu_link\":{\"url\":\"/contact-us/sales-service-enquiry\",\"text\":\"/contact-us/sales-service-enquiry\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"},{\"title\":\"FAQ's\",\"heading\":\"FAQ's\",\"menu_link\":{\"url\":\"/contact-us/faq\",\"text\":\"/contact-us/faq\"},\"sub_menu\":[],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0,\"cta\":null,\"is_new\":\"\"}],\"classes\":\"--extraMedium\",\"menu_style\":\"Phone\",\"is_new\":\"\"}],\"classes\":0,\"menu_style\":0}]}]","api/v1/disclaimer/blog":"[]","http://127.0.0.1:4000/api/v1/disclaimer/blog":"[]","api/v1/meta-info/blog":"[{\"title\":\"Blogs on Savings, Investment & Life Insurance - Shriram Life\",\"description\":\"Stay informed with our blog! Dive into articles covering insurance tips, financial advice, industry trends, and updates for informed decisions.\",\"keywords\":\"\",\"canonical\":\"\",\"url\":\"\",\"robots\":\"\",\"og_description\":\"Stay informed with our blog! Dive into articles covering insurance tips, financial advice, industry trends, and updates for informed decisions.\",\"og_image\":[],\"og_title\":\"Blogs on Savings, Investment & Life Insurance - Shriram Life\",\"og_type\":\"\",\"og_url\":\"\",\"twitter_card\":\"\",\"twitter_description\":\"Stay informed with our blog! Dive into articles covering insurance tips, financial advice, industry trends, and updates for informed decisions.\",\"twitter_image\":[],\"twitter_title\":\"Blogs on Savings, Investment & Life Insurance - Shriram Life\",\"twitter_url\":\"\"}]","http://127.0.0.1:4000/api/v1/meta-info/blog":"[{\"title\":\"Blogs on Savings, Investment & Life Insurance - Shriram Life\",\"description\":\"Stay informed with our blog! Dive into articles covering insurance tips, financial advice, industry trends, and updates for informed decisions.\",\"keywords\":\"\",\"canonical\":\"\",\"url\":\"\",\"robots\":\"\",\"og_description\":\"Stay informed with our blog! Dive into articles covering insurance tips, financial advice, industry trends, and updates for informed decisions.\",\"og_image\":[],\"og_title\":\"Blogs on Savings, Investment & Life Insurance - Shriram Life\",\"og_type\":\"\",\"og_url\":\"\",\"twitter_card\":\"\",\"twitter_description\":\"Stay informed with our blog! Dive into articles covering insurance tips, financial advice, industry trends, and updates for informed decisions.\",\"twitter_image\":[],\"twitter_title\":\"Blogs on Savings, Investment & Life Insurance - Shriram Life\",\"twitter_url\":\"\"}]","api/v1/blog-page":"[{\"title\":\"Blogs\",\"banner\":[],\"heading\":\"Blogs\",\"description\":\"\",\"tags\":[{\"id\":\"317\",\"title\":\"Recent\",\"name\":\"Recent\"},{\"id\":\"320\",\"title\":\"Savings\",\"name\":\"Savings\"},{\"id\":\"319\",\"title\":\"Terms\",\"name\":\"Terms\"},{\"id\":\"318\",\"title\":\"Investments\",\"name\":\"Investments\"}],\"breadcrumb\":[{\"slug\":\"/resources\",\"label\":\"Resources\"},{\"slug\":\"/blog\",\"label\":\"Blogs\"}],\"show_maintenance\":\"No\",\"blog_tag\":[{\"tags\":[{\"id\":\"317\",\"name\":\"Recent\"}],\"url\":[\"/blog/guides/recent\"]},{\"tags\":[{\"id\":\"320\",\"name\":\"Savings\"}],\"url\":[\"/blog/guides/savings\"]},{\"tags\":[{\"id\":\"322\",\"name\":\"Retirement\"}],\"url\":[\"/blog/guides/retirement\"]},{\"tags\":[{\"id\":\"1978\",\"name\":\"Child\"}],\"url\":[\"/blog/guides/child-plan\"]},{\"tags\":[{\"id\":\"2055\",\"name\":\"Advice\"}],\"url\":[\"/blog/guides/advice\"]},{\"tags\":[{\"id\":\"2054\",\"name\":\"Life Insurance\"}],\"url\":[\"/blog/guides/life-insurance\"]},{\"tags\":[{\"id\":\"318\",\"name\":\"Investments\"}],\"url\":[\"/blog/guides/investments\"]},{\"tags\":[{\"id\":\"321\",\"name\":\"Insurance Policy\"}],\"url\":[\"/blog/guides/insurance-policy\"]}],\"category\":[{\"id\":1781,\"name\":\"Super Income Plan\",\"blog_category\":\"/blog/super-income-plan\"},{\"id\":1782,\"name\":\"Advice\",\"blog_category\":\"/blog/advice\"},{\"id\":1930,\"name\":\"Child Plan\",\"blog_category\":\"/blog/child-plan\"},{\"id\":1979,\"name\":\"Early Cash Plan\",\"blog_category\":\"/blog/early-cash-plan\"},{\"id\":1982,\"name\":\"Assured Income Plan\",\"blog_category\":\"/blog/assured-income-plan\"},{\"id\":1984,\"name\":\"Golden Premier Saver Plan\",\"blog_category\":\"/blog/golden-premier-saver-plan\"},{\"id\":1985,\"name\":\"Premier Assured Benefit\",\"blog_category\":\"/blog/premier-assured-benefit\"},{\"id\":1986,\"name\":\"Cash Back Term Plan\",\"blog_category\":\"/blog/cash-back-term-plan\"}]}]","http://127.0.0.1:4000/api/v1/blog-page":"[{\"title\":\"Blogs\",\"banner\":[],\"heading\":\"Blogs\",\"description\":\"\",\"tags\":[{\"id\":\"317\",\"title\":\"Recent\",\"name\":\"Recent\"},{\"id\":\"320\",\"title\":\"Savings\",\"name\":\"Savings\"},{\"id\":\"319\",\"title\":\"Terms\",\"name\":\"Terms\"},{\"id\":\"318\",\"title\":\"Investments\",\"name\":\"Investments\"}],\"breadcrumb\":[{\"slug\":\"/resources\",\"label\":\"Resources\"},{\"slug\":\"/blog\",\"label\":\"Blogs\"}],\"show_maintenance\":\"No\",\"blog_tag\":[{\"tags\":[{\"id\":\"317\",\"name\":\"Recent\"}],\"url\":[\"/blog/guides/recent\"]},{\"tags\":[{\"id\":\"320\",\"name\":\"Savings\"}],\"url\":[\"/blog/guides/savings\"]},{\"tags\":[{\"id\":\"322\",\"name\":\"Retirement\"}],\"url\":[\"/blog/guides/retirement\"]},{\"tags\":[{\"id\":\"1978\",\"name\":\"Child\"}],\"url\":[\"/blog/guides/child-plan\"]},{\"tags\":[{\"id\":\"2055\",\"name\":\"Advice\"}],\"url\":[\"/blog/guides/advice\"]},{\"tags\":[{\"id\":\"2054\",\"name\":\"Life Insurance\"}],\"url\":[\"/blog/guides/life-insurance\"]},{\"tags\":[{\"id\":\"318\",\"name\":\"Investments\"}],\"url\":[\"/blog/guides/investments\"]},{\"tags\":[{\"id\":\"321\",\"name\":\"Insurance Policy\"}],\"url\":[\"/blog/guides/insurance-policy\"]}],\"category\":[{\"id\":1781,\"name\":\"Super Income Plan\",\"blog_category\":\"/blog/super-income-plan\"},{\"id\":1782,\"name\":\"Advice\",\"blog_category\":\"/blog/advice\"},{\"id\":1930,\"name\":\"Child Plan\",\"blog_category\":\"/blog/child-plan\"},{\"id\":1979,\"name\":\"Early Cash Plan\",\"blog_category\":\"/blog/early-cash-plan\"},{\"id\":1982,\"name\":\"Assured Income Plan\",\"blog_category\":\"/blog/assured-income-plan\"},{\"id\":1984,\"name\":\"Golden Premier Saver Plan\",\"blog_category\":\"/blog/golden-premier-saver-plan\"},{\"id\":1985,\"name\":\"Premier Assured Benefit\",\"blog_category\":\"/blog/premier-assured-benefit\"},{\"id\":1986,\"name\":\"Cash Back Term Plan\",\"blog_category\":\"/blog/cash-back-term-plan\"}]}]","api/v1/tagged-blogs/317/all":"[{\"category\":[{\"id\":1781,\"name\":\"Super Income Plan\"},{\"id\":1782,\"name\":\"Advice\"},{\"id\":1930,\"name\":\"Child Plan\"},{\"id\":1979,\"name\":\"Early Cash Plan\"},{\"id\":1982,\"name\":\"Assured Income Plan\"},{\"id\":1984,\"name\":\"Golden Premier Saver Plan\"},{\"id\":1985,\"name\":\"Premier Assured Benefit\"},{\"id\":1986,\"name\":\"Cash Back Term Plan\"}],\"blogs\":[{\"title\":\"Master Financial Freedom with 5 Hidden Secrets About Early Retirement Planning\",\"heading\":\"Master Financial Freedom with 5 Hidden Secrets About Early Retirement Planning\",\"short_description\":\"\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Retirement is more than just stopping work.\u003C/span>\u003C/p>\",\"tile_image\":[{\"media_img\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-05/understanding-the-importance-of-early-retirement-planning.jpg?VersionId=nXPukgOV.voNDkPZ1miiZgMa7V6_gFIO\",\"alt\":\"truths about the early retirement planning\"},\"media_svg\":null,\"media_svg_alt\":\"\",\"media_document\":null}],\"posted_on\":\"2025-05-05T06:33:59\",\"updated_on\":\"2025-05-05T06:34:04\",\"read_more_title\":\"Know More\",\"slug\":\"/master-financial-freedom-with-5-hidden-secrets-about-early-retirement\",\"field_bl_tag\":\"\u003Ca href=\\\"/blog/guides/recent\\\" hreflang=\\\"en\\\">Recent\u003C/a>, \u003Ca href=\\\"/blog/guides/retirement\\\" hreflang=\\\"en\\\">Retirement\u003C/a>\",\"description\":\"\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Retirement is more than just stopping work. It's about reclaiming time for travel, hobbies, family, and the freedom to live life on your own terms. But here's the thing: that kind of life doesn’t just fall into place. It takes planning. And not just any planning- early retirement planning.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Starting early doesn’t just give you a head start. It gives your money time to grow, reduces your long-term stress, and helps you stay prepared for uncertainties like inflation and healthcare costs. In short, it puts you in control.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">And with solutions from Shriram Life Insurance, that control becomes much easier.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>1. Harnessing the Power of Compounding\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Let’s talk about the one thing that can make or break your retirement savings: compounding. The earlier you begin saving, the more time your money has to earn returns, and those returns earn more returns. It’s the snowball effect in your favour.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Think about this:\u003C/strong>\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Start saving INR 5,000/month at age 30 with an average 8% return → You could end up with INR 1.5+ crore by retirement.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Start at 45 with the same INR 5,000/month → You might end up with only INR 40- 45 lakhs.\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">That’s the power of time. Even small contributions can turn into a substantial corpus when you start early.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Plan to explore: The \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/assured-income-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128N053V05) helps you grow wealth steadily while ensuring guaranteed payouts, making disciplined savings easier and more rewarding.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>2. Reducing Financial Pressure with an Early Start\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">The earlier you start, the easier it gets. Planning in your 30s or 40s lets you spread your savings, so you’re not scrambling in your 50s to catch up.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Here are some of the benefits of getting an early start on your financial savings:\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Smaller, consistent contributions feel more manageable.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Less stress about meeting your retirement goals later.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">More time to adjust if life throws surprises your way.\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Instead of scrambling to save large chunks of your income in your 50s, early planning allows for smaller, consistent contributions that feel less burdensome. This approach significantly reduces future financial stress and anxiety about having enough. Plans providing flexibility and liquidity, such as the\u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/early-cash-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> Shriram Life Early Cash Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128N093V03), provide access to funds through features like cash bonuses while encouraging gradual wealth building.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>3. Preparing for Unforeseen Expenses with Inflation- Ready Planning\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Retirement isn't just about covering basic living costs. You need to account for rising expenses due to inflation, potentially significant healthcare costs, and unexpected emergencies. Inflation-ready planning is critical because the value of money decreases over time. What seems like a sufficient amount today might fall short twenty or thirty years later.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Early planning allows you to factor these future uncertainties into your savings goals. Aiming for a corpus that accounts for inflation and potential medical needs builds a safety net. Ensuring a steady cash flow post- retirement is vital. Instruments designed to provide predictable income for retirees, like the \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/immediate-annuity-plus\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Immediate Annuity Plus Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128N063V07), can play a key role in managing these challenges by providing regular payouts.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>4. Building a Diverse Retirement Portfolio Early Through Diversified Investment Strategies\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">We all would have heard the saying: Don't put all your eggs in one basket! \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Early retirement planning allows ample time to build a robust portfolio using diversified investment strategies. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Relying solely on one type of investment (such as fixed deposits or only equity) carries significant risk. Diversification means spreading your savings across asset classes- equity, debt, real estate, gold, and insurance-based plans- to balance risk and reward. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>What diversification could look like:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Equity funds for high growth.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Debt instruments for stability.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Insurance-backed annuities for guaranteed income.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Gold or real estate as alternative stores of value.\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">The right mix depends on your goals, risk tolerance, and retirement timeline. Starting early gives your diversified investments time to weather market fluctuations and potentially generate better overall returns. It is also wise to add stable, lower-risk components. For instance, the \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/saral-pension\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Saral Pension Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128N092V01) provides a guaranteed lifetime annuity, making it a reliable addition to those seeking low-risk investments within their diversified retirement strategy.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>5. Maximising Tax Efficiency with Early Investments\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Effective retirement planning isn't just about saving; it's also about saving smartly. Many retirement savings instruments provide tax benefits. Starting early with tax-efficient retirement plans allows you to maximise these advantages over your earning years.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Contributions to specific plans, like pension plans or certain insurance policies, often qualify for deductions under sections like 80C of the Income Tax Act, reducing tax liabilities annually. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Furthermore, the maturity proceeds or withdrawals from some plans might also be tax-exempt under prevailing laws. Market-linked options like the \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/pension-plus\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Pension Plus Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128L065V03) provide growth potential and valuable tax-saving opportunities, helping your retirement corpus grow more efficiently. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Conclusion: Starting Early for a Lifetime of Financial Independence\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">The message is clear here. Starting retirement planning early is essential for lifelong financial independence.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">It provides many benefits, such as leveraging compound growth for substantial long-term wealth accumulation and minimizing financial stress through manageable, consistent contributions, adequately preparing with inflation-ready planning, building resilience through diversified investment strategies, and maximising returns via tax-efficient retirement plans.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Don't wait for the 'right time' – the best time is now. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Take control of your future financial well- being.\u003C/span>\u003C/p>\u003Cp>\u003Ca href=\\\"https://www.shriramlife.com/\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Insurance\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> provides multiple plans supporting your early investment goals and \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/retirement-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">retirement plans\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">. The plans are designed to maximise benefit with minimal investment and help you build a secure, stress-free retirement life filled with peace, security and financial freedom you deserve.\u003C/span>\u003C/p>\",\"category\":\"/blog/advice\"},{\"title\":\"6 Tips to Adjust Your Retirement Plan for a Secure Future\",\"heading\":\"6 Tips to Adjust Your Retirement Plan for a Secure Future\",\"short_description\":\"\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Your retirement plan isn’t a one-time setup. Life changes, and so should your strategy.\u003C/span>\u003C/p>\",\"tile_image\":[{\"media_img\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-05/how-to-adapt-your-retirement-plan-to-changing-financial-needs_0.jpg?VersionId=YG7yNSq3N_NEXdZ3wOPslk1mTzK2AkHw\",\"alt\":\"Retirement plan to change financial needs\"},\"media_svg\":null,\"media_svg_alt\":\"\",\"media_document\":null}],\"posted_on\":\"2025-05-02T12:36:52\",\"updated_on\":\"2025-05-02T12:36:57\",\"read_more_title\":\"Know More\",\"slug\":\"/6-tips-to-adjust-retirement-plan-for-secure-future\",\"field_bl_tag\":\"\u003Ca href=\\\"/blog/guides/recent\\\" hreflang=\\\"en\\\">Recent\u003C/a>, \u003Ca href=\\\"/blog/guides/retirement\\\" hreflang=\\\"en\\\">Retirement\u003C/a>\",\"description\":\"\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Your retirement plan isn’t a one-time setup. Life changes, and so should your strategy.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Whether you're 30 or 60, adapting your retirement plan to match evolving financial goals, market conditions, and personal needs is key to ensuring lasting financial security. From rising expenses in retirement to shifting priorities like healthcare or family support, having flexible financial strategies in place helps you stay prepared.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Let’s see how you can build and maintain a retirement plan that keeps up with life, and why Shriram Life Insurance’s retirement solutions provide the flexibility and reliability you need.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Why Retirement Plans Must Evolve with Time\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Retirement goals aren't static. As you move through different stages of life, several factors can influence your financial requirements.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Key triggers that demand retirement planning adjustments:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">A rise in healthcare costs for retirees\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Inflation eating into your savings’ purchasing power\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Family obligations, like funding children’s education or supporting dependents\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Unforeseen emergencies or lifestyle shifts\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">A retirement plan that remains rigid risks becoming irrelevant. Flexibility enables you to handle these variables without compromising your financial peace of mind.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>1. Reviewing Financial Goals Regularly\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Your financial goals at 35 won’t be the same at 55. Regularly reassessing your plan ensures it reflects your current life situation and future aspirations.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Why you should revisit your plan at least once a year:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Your income and expenses might have changed\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Life goals such as early retirement or relocation may arise\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Market dynamics could impact your portfolio’s performance\u003C/span>\u003C/li>\u003C/ul>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>How to adapt effectively:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Rebalance investment allocations based on risk appetite\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Adjust your retirement age and expected corpus accordingly\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Account for new income sources or liabilities\u003C/span>\u003C/li>\u003C/ul>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Plan to consider:\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">The \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/pension-plus\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Pension Plus Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN 128L065V03) provides a flexible pension structure that can adapt to your evolving retirement income needs.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>2. Adjusting for Inflation and Rising Expenses\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Inflation may seem slow, but over time, it has a massive impact on your retirement savings. A plan that doesn’t account for inflation may leave you short in your later years.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Common inflation-impacted expenses:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Day-to-day living costs (food, utilities, transport)\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Medical treatments and long-term care\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Lifestyle expenses such as travel or leisure\u003C/span>\u003C/li>\u003C/ul>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>What you can do:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Increase savings rates as income grows\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Invest in instruments providing inflation-adjusted returns\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Use annuity plans to ensure a stable income stream\u003C/span>\u003C/li>\u003C/ul>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Plan to consider:\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">The \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/immediate-annuity-plus\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Immediate Annuity Plus Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN:128N063V07) is designed to provide steady payouts, helping you manage the impact of rising costs in retirement.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>3. Addressing Healthcare and Emergency Costs\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Healthcare is one of the most unpredictable and costly aspects of retirement. Even a minor medical emergency can derail your financial goals without a plan.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Why healthcare planning is critical:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Medical inflation outpaces regular inflation\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Chronic conditions or age-related issues increase medical spending\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Emergency hospitalizations or surgeries can exhaust savings quickly\u003C/span>\u003C/li>\u003C/ul>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Steps to stay prepared:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Maintain a separate health-focused fund\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Invest in plans with early liquidity features\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Include health insurance premiums in your retirement budgeting\u003C/span>\u003C/li>\u003C/ul>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Plan to consider:\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">The \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/early-cash-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Early Cash Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128N093V03) provides timely access to funds, helping you manage emergency fund solutions without touching your long-term corpus.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>4. Balancing Risk with Diversified Investments\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">A well-diversified portfolio not only enhances growth potential but also provides stability. Especially as retirement approaches, managing risk becomes more critical than chasing returns.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Benefits of a diversified investment portfolio:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Spreads exposure across asset classes (debt, equity, insurance)\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Minimizes the impact of market volatility\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Aligns with both short- and long-term financial goals\u003C/span>\u003C/li>\u003C/ul>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>How to achieve the right balance:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Reduce equity exposure gradually as you near retirement\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Allocate funds to safer, predictable-return instruments\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Keep a portion liquid for emergencies\u003C/span>\u003C/li>\u003C/ul>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Plan to consider:\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">The \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/saral-pension\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Saral Pension Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128N092V01) is ideal for conservative investors who want stable, guaranteed payouts with low risk exposure.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>5. Aligning with Tax-Efficient Strategies\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Every rupee saved in taxes can directly boost your retirement income. That’s why tax-efficient planning must be a part of your overall retirement strategy.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>How tax efficiency adds value:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Increases post-tax income\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Reduces tax burden on withdrawals\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Helps plan effective gifting or inheritance strategies\u003C/span>\u003C/li>\u003C/ul>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Tax planning tips for retirees:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Utilise Section 80C deductions smartly\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Choose plans with tax-exempt maturity benefits\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Time your withdrawals for lower income tax slabs\u003C/span>\u003C/li>\u003C/ul>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Plan to consider:\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">The \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/assured-income-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128N053V05) provides structured payouts with tax-efficient benefits, helping retirees optimise income and savings.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>6. Creating a Retirement Plan That Grows With You\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">The ultimate goal of retirement planning isn’t just to accumulate wealth- it’s to build a plan that evolves with your life.\u003C/span>\u003C/p>\u003Ch4>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Key traits of an adaptive retirement plan:\u003C/span>\u003C/h4>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Flexibility:\u003C/strong> To accommodate changes in income, expenses, or goals\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Liquidity:\u003C/strong> To handle emergencies without derailing the overall plan\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Stability:\u003C/strong> To ensure predictable income even during volatile times\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Tax efficiency: \u003C/strong>To preserve and grow your corpus wisely\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Explore \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/retirement-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Insurance’s retirement products\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> to find customisable solutions that keep pace with your evolving needs- today, tomorrow, and beyond.\u003C/span>\u003C/p>\",\"category\":\"/blog/advice\"},{\"title\":\"The Secret Weapon for a Secure Retirement: Annuities Unveiled!\",\"heading\":\"The Secret Weapon for a Secure Retirement: Annuities Unveiled!\",\"short_description\":\"\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Annuities are a key component of a strong retirement plan.\u003C/span>\u003C/p>\",\"tile_image\":[{\"media_img\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-04/the-role-of-annuities-in-a-comprehensive-retirement-plan_0.jpg?VersionId=HsiHI5f0PwFH6JhU46zre7x8w5PNjNAt\",\"alt\":\"Role of annuities in comprehensive retirement planning\"},\"media_svg\":null,\"media_svg_alt\":\"\",\"media_document\":null}],\"posted_on\":\"2025-04-30T07:05:04\",\"updated_on\":\"2025-04-30T07:05:08\",\"read_more_title\":\"Know More\",\"slug\":\"/secret-weapon-for-a-secure-retirement\",\"field_bl_tag\":\"\u003Ca href=\\\"/blog/guides/recent\\\" hreflang=\\\"en\\\">Recent\u003C/a>, \u003Ca href=\\\"/blog/guides/retirement\\\" hreflang=\\\"en\\\">Retirement\u003C/a>\",\"description\":\"\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Annuities are a key component of a strong retirement plan. They provide guaranteed income, financial protection, and long-term stability, ensuring that retirees can enjoy their golden years without worrying about outliving their savings. In this blog, we’ll see how annuities for retirement, such as the Shriram Life Pension Plus Plan (UIN: 128L065V03) and \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/saral-pension\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Saral Pension Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128N092V01), can be crucial in building a reliable retirement strategy.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Why Annuities are Essential for Retirement Planning\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Securing a steady income stream is often the primary concern when planning for retirement. Here’s why annuities should be part of your retirement strategy:\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Guaranteed Income:\u003C/strong> Annuities provide consistent, predictable payments over time, helping retirees avoid the risk of running out of money.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Protection from Market Volatility:\u003C/strong> Unlike stocks or mutual funds, annuities don’t affect market fluctuations, ensuring stable income.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Long-Term Security:\u003C/strong> Annuities, especially those with lifetime payout options, protect you against longevity risk, living longer than your savings.\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">For example, the \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/pension-plus\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Pension Plus Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128L065V03) provides customisable features that allow you to secure lifelong income, providing peace of mind for you and your loved ones.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Creating a Consistent Income Stream\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">A consistent income stream is one of the biggest challenges retirees face. Annuities provide a reliable solution.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Here’s how they help:\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Steady Monthly Payments:\u003C/strong> No more worrying about how to stretch your savings.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Predictability: \u003C/strong>Annuities make it easy to plan and budget since payments are fixed and reliable.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Immediate Income:\u003C/strong> The \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/immediate-annuity-plus\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Immediate Annuity Plus Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: \u003C/span>\u003Cspan>128N063V07\u003C/span>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">) provides income immediately, making it perfect for those needing immediate support.\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">With a product like the Shriram Life Immediate Annuity Plus Plan (UIN: 128N063V07), you can receive payments soon after purchase, which is particularly helpful for covering urgent needs like healthcare or household expenses.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Protecting Against Longevity Risks\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Longevity risk is one of the most significant threats to retirees. Simply put, it’s the risk of outliving your savings. As life expectancy increases, retirees may outlive their financial resources without a stable income stream.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Annuities provide a solution by:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Lifetime Payments:\u003C/strong> Some annuities, like the Shriram Life Pension Plus Plan (UIN 128L065V03), provide lifetime income options.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Customisable Features: \u003C/strong>You can choose add-ons like spouse benefits or inflation adjustments, ensuring your income keeps up with rising living costs.\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">By securing an annuity that guarantees income for life, you protect yourself against the financial uncertainty of living longer than expected.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Tailoring Annuities to Individual Needs\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Everyone’s retirement goals and needs are different. Annuities are flexible and customisable to suit those diverse needs.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Here’s how annuities can be tailored to your needs:\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Payment Frequency:\u003C/strong> Choose from monthly, quarterly, or yearly payouts.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Income Start Date:\u003C/strong> Select an immediate or deferred start date for income payments.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Lump Sum or Regular Payments:\u003C/strong> Decide if you want a lump sum or regular income payments at the start.\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">For example, the Shriram Life Saral Pension Plan (UIN: 128N092V01) is an ideal choice for those looking for a simple, flexible solution. Whether you need immediate income or prefer deferred payments, this plan can be adjusted to your retirement goals.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Key Benefits of Including Annuities in Your Retirement Plan\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">When it comes to retirement, stability and security are paramount. Annuities provide the following benefits:\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Financial Security: \u003C/strong>Annuities eliminate the risk of running out of money during retirement.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Peace of Mind: \u003C/strong>Knowing your steady income stream can reduce stress and help you enjoy retirement.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Flexible Options: \u003C/strong>Annuities can be customised to meet your financial needs, making them suitable for many retirees.\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">The Shriram Life Pension Plus Plan (UIN 128L065V03) and Shriram Life Saral Pension Plan (UIN: 128N092V01) provide excellent options for creating a reliable, stable income throughout retirement.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Conclusion\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Using annuities in your retirement strategy ensures you’ll have a reliable and stable income throughout your retirement years. By choosing products like the Shriram Life Pension Plus Plan (UIN 128L065V03) and Shriram Life Saral Pension Plan (UIN: 128N092V03), you’re making a smart choice for long-term financial security.\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Guaranteed Income:\u003C/strong> Annuities provide income you can count on.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Customisable Features:\u003C/strong> Tailor your plan to suit your needs.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Long-Term Security: \u003C/strong>Protect yourself against outliving your savings.\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Annuities are a powerful tool in your retirement planning, helping you achieve financial peace of mind while securing your future.\u003C/span>\u003C/p>\",\"category\":\"/blog/advice\"},{\"title\":\"7 Retirement Mistakes \\\"Experts\\\" Don't Want You to Know\",\"heading\":\"7 Retirement Mistakes \\\"Experts\\\" Don't Want You to Know\",\"short_description\":\"\u003Cp>Planning for retirement is one of the most critical financial decisions you will make.\u003C/p>\",\"tile_image\":[{\"media_img\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-04/common-mistakes-to-avoid-when-planning-for-retirement_0.jpg?VersionId=U8YcAblivDtgC8MQkNRLTp4q6M.z8VB.\",\"alt\":\"Mistakes to avoid while planning for retirement\"},\"media_svg\":null,\"media_svg_alt\":\"\",\"media_document\":null}],\"posted_on\":\"2025-04-29T12:13:53\",\"updated_on\":\"2025-04-29T12:13:59\",\"read_more_title\":\"Know More\",\"slug\":\"/7-retirement-mistakes-experts-dont-want-you-to-know\",\"field_bl_tag\":\"\u003Ca href=\\\"/blog/guides/recent\\\" hreflang=\\\"en\\\">Recent\u003C/a>, \u003Ca href=\\\"/blog/guides/retirement\\\" hreflang=\\\"en\\\">Retirement\u003C/a>\",\"description\":\"\u003Cp>Planning for retirement is one of the most critical financial decisions you will make. Whether in your 30s, 40s, or 50s, avoiding common retirement planning mistakes is key to ensuring long-term financial stability and peace of mind. Any missteps in your decisions can significantly impact your golden years, from underestimating healthcare costs to delaying investments.\u003C/p>\u003Cp>So, let’s see some of these common pitfalls and how to sidestep them using practical strategies and with reliable solutions like Shriram Life Insurance’s retirement plans.\u003C/p>\u003Ch2>\u003Cspan>\u003Cstrong>Why Avoiding Retirement Planning Mistakes Matters\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>Recognising and avoiding retirement planning mistakes early can mean the difference between a comfortable, stress-free retirement and years of financial strain. Small errors today can snowball into major problems tomorrow. Proactive planning, realistic goal-setting, and structured financial tools can help retirees live with dignity and independence.\u003C/p>\u003Cp>Products like \u003Ca href=\\\"https://www.shriramlife.com/life-insurance/pension-plus\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Pension Plus Plan\u003C/span>\u003C/a> (UIN 128L065V03)\u003Cspan> \u003C/span>provide structured income options, helping retirees cover regular expenses and avoid financial pitfalls. The Shriram Life Pension Plus Plan helps individuals build a substantial retirement corpus while providing insurance coverage. \u003C/p>\u003Ch3>\u003Cspan>\u003Cstrong>Key Features of the Plan:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cstrong>Flexible Premium Payments:\u003C/strong> Choose from regular, limited, or single premium payment options. \u003C/li>\u003Cli>\u003Cstrong>Multiple Investment Funds:\u003C/strong> Select from 11 investment funds based on your risk appetite and financial goals. \u003C/li>\u003Cli>\u003Cstrong>Loyalty Additions: \u003C/strong>Receive loyalty additions at the end of every 5th policy year, enhancing the fund value. \u003C/li>\u003Cli>\u003Cstrong>Top-Up Premiums: \u003C/strong>Make additional contributions to boost your retirement corpus. \u003C/li>\u003Cli>\u003Cstrong>Unlimited Fund Switching and Premium Redirection:\u003C/strong> Adjust your investment strategy per market conditions without additional charges.\u003C/li>\u003C/ul>\u003Ch2>\u003Cspan>\u003Cstrong>Delaying Retirement Planning\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>Delaying retirement savings can be costly. The earlier you start, the more you benefit from compound interest and lower monthly contributions. Waiting means you'll need to save much more later to reach the same goal, risking disruptions from unexpected life events. Starting early gives your investments time to grow and builds a stronger safety net for retirement.\u003C/p>\u003Ch3>\u003Cspan>\u003Cstrong>Impact of Delayed Savings\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>Delaying your retirement planning robs you of the power of compound interest. For example, starting at 30 instead of 40 could result in nearly double the savings, even with modest monthly contributions.\u003C/p>\u003Ch3>\u003Cspan>\u003Cstrong>Start Early, Secure More\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>The key to successful retirement planning is to start early and stay consistent. The \u003Ca href=\\\"https://www.shriramlife.com/life-insurance/assured-income-plan\\\">\u003Cspan>Shriram Life Assured Income Plan \u003C/span>\u003C/a>(UIN: 128N053V05)\u003Cspan> \u003C/span>provides disciplined saving with guaranteed payouts, helping you set a strong financial foundation for the future.\u003C/p>\u003Ch2>\u003Cspan>\u003Cstrong>Ignoring the Impact of Inflation\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>Not accounting for inflation in retirement planning can seriously erode your financial security. As the cost of living rises, the value of your savings decreases. What costs ₹50,000 today could cost ₹1,00,000 in 15- 20 years. If you don’t plan for this, you may struggle to maintain your lifestyle in retirement. To protect your future, it’s crucial to factor inflation into your strategy and adjust your savings goals to keep pace.\u003C/p>\u003Ch3>\u003Cspan>\u003Cstrong>How to Combat Inflation\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>Choose investment options that grow at a rate higher than inflation. Building a portfolio with a mix of equity, debt, and guaranteed returns can help you maintain your purchasing power. The Shriram Life Pension Plus Plan is structured to provide flexible contributions with potential for inflation-beating returns over the long term.\u003C/p>\u003Ch2>\u003Cspan>\u003Cstrong>Overlooking Diversification in Retirement Portfolios\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>Investing in one asset class, such as real estate or fixed deposits, is risky. Market conditions are unpredictable, and relying on a single type of investment leaves you vulnerable to shifts that could erode your returns. A lack of diversification increases your exposure to risk and limits growth potential, making it harder to build a stable and resilient retirement portfolio.\u003C/p>\u003Ch3>\u003Cspan>\u003Cstrong>Why Diversification Is Crucial\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>Diversification means spreading your investments across asset classes such as:\u003C/p>\u003Cul>\u003Cli>Equity (for growth).\u003C/li>\u003Cli>Bonds and fixed income (for stability).\u003C/li>\u003Cli>Insurance and annuity products (for guaranteed income).\u003C/li>\u003C/ul>\u003Cp>Shriram Life’s range of plans allows you to build a balanced financial strategy that ensures growth, protection, and income.\u003C/p>\u003Ch2>\u003Cspan>\u003Cstrong>Neglecting Emergency Fund Planning\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>Relying solely on your retirement fund for all expenses, including unexpected ones, is a critical mistake. Life can bring unforeseen events like medical emergencies, home repairs, or urgent family needs. Without a dedicated emergency fund, you may be forced to withdraw from your retirement savings, disrupting your long-term financial plan and compromising your future security.\u003C/p>\u003Ch3>\u003Cspan>\u003Cstrong>How to Build an Emergency Fund\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>Set aside 6–12 months’ worth of living expenses in a liquid and easily accessible form (such as a high-interest savings account or short-term debt fund).\u003C/p>\u003Cp>A safety net can help retirees maintain their lifestyle and avoid unnecessary debt or selling long-term investments at a loss.\u003C/p>\u003Ch2>\u003Cspan>\u003Cstrong>Forgetting About Health Care Costs\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>Underestimating healthcare costs in retirement is a costly mistake. Rising treatment costs, insurance premiums, and potential long-term care often become one of the largest burdens for retirees. Without planning for these, savings can deplete quickly, forcing unwanted financial compromises. \u003C/p>\u003Ch3>\u003Cspan>\u003Cstrong>Plan Proactively for Medical Expenses\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>Include healthcare as a separate component in your retirement strategy. Invest in insurance products that help you manage out-of-pocket expenses. The \u003Ca href=\\\"https://www.shriramlife.com/life-insurance/early-cash-plan\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Early Cash Plan\u003C/span>\u003C/a>\u003Cspan> \u003C/span>(UIN-128N093V03) is a good example. It provides early payouts for medical bills or preventive health check-ups, providing liquidity and peace of mind.\u003C/p>\u003Ch2>\u003Cspan>\u003Cstrong>Overlooking the Role of Annuities\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>Not considering annuities as part of your retirement plan can leave you without a reliable income stream in your later years. Annuities provide guaranteed, lifelong payouts, helping you manage monthly expenses and reducing the risk of outliving your savings. The \u003Ca href=\\\"https://www.shriramlife.com/life-insurance/immediate-annuity-plus\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Immediate Annuity Plan\u003C/span>\u003C/a> (UIN - \u003Cspan>128N063V07\u003C/span>) is designed for retirees who want to convert a lump sum into regular income to help maintain their lifestyles.\u003C/p>\u003Ch2>\u003Cstrong>Failing to Diversify Retirement Investments\u003C/strong>\u003C/h2>\u003Cp>Failing to diversify your retirement investments can increase financial risk, as over-reliance on a single asset class makes your savings vulnerable to market fluctuations. Including options like the \u003Ca href=\\\"https://www.shriramlife.com/life-insurance/saral-pension\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Saral Pension Plan\u003C/span>\u003C/a> (UIN: \u003Cspan>128N092V01\u003C/span>) in your portfolio adds stability through guaranteed returns, helping manage risk and ensure steady income in retirement.\u003C/p>\u003Ch2>\u003Cspan>\u003Cstrong>Conclusion\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>A successful retirement doesn’t just happen. It results from thoughtful planning and avoiding preventable mistakes. \u003C/p>\u003Cp>Here's a quick recap of the major pitfalls to steer clear of:\u003C/p>\u003Cul>\u003Cli>Start saving early to benefit from compounding.\u003C/li>\u003Cli>Account for inflation to preserve your buying power.\u003C/li>\u003Cli>Diversify your portfolio to reduce risks.\u003C/li>\u003Cli>Maintain an emergency fund to handle surprises.\u003C/li>\u003Cli>Plan for rising healthcare costs through dedicated insurance.\u003C/li>\u003Cli>Leverage annuities for guaranteed lifelong income.\u003C/li>\u003Cli>Review your strategy regularly to stay aligned with your goals.\u003C/li>\u003C/ul>\u003Cp>\u003Cspan>Comprehensive solutions from \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Insurance\u003C/span>\u003C/a>\u003Cspan> provide practical ways to build a secure, well-rounded \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/retirement-plan\\\" target=\\\"_blank\\\">\u003Cspan>retirement plans\u003C/span>\u003C/a>\u003Cspan>.\u003C/span>\u003C/p>\",\"category\":\"/blog/advice\"},{\"title\":\"Tips for Choosing the Best Savings Plan for Your Needs\",\"heading\":\"How to Choose Savings Plan for your Needs\",\"short_description\":\"\u003Cp>\u003Cspan>The Indian financial market provides numerous investment options to achieve short-term and long-term financial goals.\u003C/span>\u003C/p>\",\"tile_image\":[{\"media_img\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-04/tips-for-choosing-the-best-savings-plan-for-your-needs_0.jpg?VersionId=aZSEe8_FEm9XIdUwgn8ahpTBBlLtlJaD\",\"alt\":\"Best savings plan for your needs\"},\"media_svg\":null,\"media_svg_alt\":\"\",\"media_document\":null}],\"posted_on\":\"2025-04-08T04:56:28\",\"updated_on\":\"2025-04-08T04:56:33\",\"read_more_title\":\"Know More\",\"slug\":\"/how-to-choose-savings-plan-for-your-needs\",\"field_bl_tag\":\"\u003Ca href=\\\"/blog/guides/recent\\\" hreflang=\\\"en\\\">Recent\u003C/a>, \u003Ca href=\\\"/blog/guides/savings\\\" hreflang=\\\"en\\\">Savings\u003C/a>\",\"description\":\"\u003Cp>\u003Cspan>The Indian financial market provides numerous investment options to achieve short-term and long-term financial goals. This blog shares practical tips to help people choose the right Investment Plan without getting overwhelmed or confused. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>Choosing the right investment or Savings Plans is crucial because it ensures all your short and long-term financial goals are met efficiently and securely. When you align your investment choices with your desired time horizon, risk tolerance, investment objective, etc., you effortlessly maximise returns while managing risk. \u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Understanding Your Financial Goals\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Short-Term Vs. Long-Term Goals\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>You should clearly distinguish between your short-term and long-term goals before making investment choices because each requires a different strategy and financial product. Short-term goals generally cover financial objectives people aim to achieve within one to five years, such as planning for a vacation, building an emergency fund, saving for a wedding, etc. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>Since these goals require money in a relatively shorter timeframe, investing in saving instruments with high liquidity and capital safety is ideal. Short-term fixed deposits, recurring deposits, etc., are better investment choices for short-term goals. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>On the other hand, long-term goals have a time horizon exceeding five years and include saving for a child’s higher education, buying a house, building a retirement fund, etc. The longer duration enables people to benefit from the power of compounding and balance the risk from market volatility. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>If you’re investing to fulfil long-term goals, your ideal investment choices can be market-linked plans, such as \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/golden-jubilee-plan\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Golden Jubilee Plan\u003C/span>\u003C/a>\u003Cspan> (UIN 128L095V01). This plan provides dual benefits of investment and Protection Plans. It also provides a partial withdrawal facility, switching between funds, tax benefits, and more. \u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Setting Clear Objectives\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>You can only find the suitable Savings Plan for your needs with clear objectives. If you’re still unsure about your goals, assess your current financial situation, risk profile, and desired returns within a defined time horizon. These details will help you make the right investment choices. \u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Evaluating Different Savings Plan Options\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Traditional Savings Accounts\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>These are the most common financial products in India. They provide a safe place to save money while giving easy access to funds and liquidity. While these accounts are ideal for people with a low-risk tolerance because of capital preservation, security, and high liquidity, their biggest drawback is low interest rates. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>They may not be the suitable choice if your financial strategy prioritises long-term wealth accumulation. \u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Life Insurance Savings Plans\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>These hybrid financial products combine life insurance coverage with systematic wealth accumulation. You can include these plans in your financial strategy if you want guaranteed returns after a particular period. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>The \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/assured-income-plan\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan> (UIN: 128N053V05) is one such plan that provides combined benefits of Savings Plans, Retirement Plans, and Child Plans. Since the plan provides guaranteed returns, people with a low-risk tolerance can use it to achieve their short and mid-term financial goals. \u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>High-Yield Savings Accounts\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>A high-yield savings account provides comparatively higher interest rates on savings than a traditional savings account. You must consider high-yield savings accounts to accumulate funds in a low-risk, highly liquid instrument while earning a better return on investment.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Assessing Your Risk Tolerance\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Low-Risk Vs. High-Risk Options\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Low-risk investment choices are designed to preserve capital and generate predictable returns, making them ideal for low-risk profile investors or those investing to meet short-term financial goals. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>National Savings Certificates (NSC), Fixed Deposits (FDs), Senior Citizen Savings Scheme (SCSS), and Life Insurance saving plans with guaranteed returns are some low-risk options. They’re secure and highly liquid but yield lower returns. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>High-risk options, such as market-linked plans, are preferred investment choices for people with moderate to high-risk tolerance who prioritise long-term wealth generation. Consider investing in options like the \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/wealth-pro\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Wealth Pro Plan\u003C/span>\u003C/a>\u003Cspan> (UIN: 128L096V01) if you want to earn a significantly higher return on investment and are ready to take high risks. \u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Balancing Risk and Reward\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Your financial strategy should be based on a balanced approach between risk and reward. Explore low-risk options if you have limited income and rely entirely on your earnings and savings to meet living expenses. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>People with additional disposable income who can absorb potential losses without disrupting their financial stability can consider high-risk options. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>Diversifying your investment choices is recommended for balancing risk and reward. Spreading your investment choices across different asset classes and risk categories can help you maximise return on investments without overly exposing yourself to market risks and volatility. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan>\u003Cstrong>Considering Tax Benefits\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cstrong>Tax-Advantaged Savings Plans\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Different Savings Plans have different tax benefits, so you should explore tax implications relevant to your chosen investments. For example, your investments in Equity Linked Savings Schemes (ELSS), Life Insurance premiums, etc., can be claimed as eligible deductions u/s 80C to lower your taxable income and liability up to a maximum of ₹1,50,000/annum. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>Your interest earnings on traditional saving accounts can be claimed as a deduction u/s 80TTA, up to a maximum of ₹10,000/annum. Explore relevant tax-saving guidelines for optimal savings.\u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Maximising Tax Savings\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>The best way to maximise your tax savings is to utilise contribution limits under various sections, such as 80C, 10(10D), 80CCD(1B), 80CCC, etc. If you’re overwhelmed with the deductions and sections, consider consulting a certified tax professional for personalised guidance.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Seeking Professional Advice\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Working with Financial Advisors\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Consulting financial advisors is the best way to maximise your return on investments by finding the best Savings Plan and other investments aligned with your financial goals, risk-taking capacity, and desired returns.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>They’re well-informed of the latest taxation guidelines, market conditions, available investment options, etc., so they can create a better financial roadmap to help you achieve all your financial goals.\u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Customising Your Savings Plan\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Everyone has widely different financial circumstances and aspirations. Professional advice from certified tax planners or financial experts can help you create a customised financial strategy that matches your short and long-term financial goals and risk tolerance.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Conclusion\u003C/strong>\u003C/h2>\u003Cp>\u003Cspan>Choosing the right Savings Plans and other investments requires clearly defined financial goals, risk tolerance, and priorities. It can assist you to make informed investment choices that fulfil all your financial goals while respecting your risk profile.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>You can explore \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/savings-plan\\\" target=\\\"_blank\\\">\u003Cspan>Savings Plans\u003C/span>\u003C/a>\u003Cspan> and other \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/investment-plan\\\" target=\\\"_blank\\\">\u003Cspan>Investment Plans\u003C/span>\u003C/a>\u003Cspan> at \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Insurance\u003C/span>\u003C/a>\u003Cspan>, one of India’s most trusted insurance providers, to find the suitable financial product for your needs. We also provide various \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/retirement-plan\\\" target=\\\"_blank\\\">\u003Cspan>Retirement Plans\u003C/span>\u003C/a>\u003Cspan>, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/child-plan\\\" target=\\\"_blank\\\">\u003Cspan>Child Plans\u003C/span>\u003C/a>\u003Cspan>, and \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/protection-plan\\\" target=\\\"_blank\\\">\u003Cspan>Protection Plans\u003C/span>\u003C/a>\u003Cspan> to help achieve various financial aspirations.\u003C/span>\u003C/p>\",\"category\":\"/blog/advice\"},{\"title\":\"The Benefits of Long-Term Savings Plans for Future Planning\",\"heading\":\"Benefits of Long-Term Savings Plans\",\"short_description\":\"\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Life’s uncertainties make individuals prioritise future planning to achieve financial stability for a comfortab\u003C/span>\u003C/p>\",\"tile_image\":[{\"media_img\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-04/the-benefits-of-long-term-savings-plans-for-future-planning_0.jpg?VersionId=NlSs.Z8MUghx_7MxrJ064oPeZKpOePfc\",\"alt\":\"Savings Plans for Future Planning\"},\"media_svg\":null,\"media_svg_alt\":\"\",\"media_document\":null}],\"posted_on\":\"2025-04-07T06:42:44\",\"updated_on\":\"2025-04-07T06:42:50\",\"read_more_title\":\"Know More\",\"slug\":\"/benefits-of-long-term-savings-plans\",\"field_bl_tag\":\"\u003Ca href=\\\"/blog/guides/recent\\\" hreflang=\\\"en\\\">Recent\u003C/a>, \u003Ca href=\\\"/blog/guides/savings\\\" hreflang=\\\"en\\\">Savings\u003C/a>\",\"description\":\"\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Life’s uncertainties make individuals prioritise future planning to achieve financial stability for a comfortable living. This blog focuses on discussing the importance of investing in the right Savings Plans early to achieve your long-term financial goals effortlessly.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Whether you want to save money to fund your child’s higher education after eight to ten years or build a significant retirement fund to enjoy your golden years after a decade, investing in the right long-term savings options can help you fulfil all your desires.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Understanding Long-Term Savings Plans\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Definition and Purpose\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">A long-term \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/savings-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Savings Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> is a financial product designed to help people with systematic wealth accumulation over an extended period. These plans are available in various forms, such as government-backed instruments, market-linked investment plans, Life Insurance plans with savings components, etc.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Their primary purpose is to develop financial discipline through consistent savings while providing capital appreciation benefits or guaranteed returns over time.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Core Advantages\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Including long-term Savings Plans in your investment strategy can have numerous advantages. The biggest advantage is enjoying the benefits of compounding interest. It’s a principle wherein your earned interest on investments is reinvested over time for additional returns, generating considerable money.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">If you remain consistent with your investments, it can develop strong financial discipline for long-term economic well-being. You can also enjoy tax advantages by deducting eligible investments from gross total income for reduced taxable income and liability.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Benefits of Long-Term Savings Plans\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Building Wealth Over Time\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">If one of your biggest long-term financial goals is significant wealth accumulation, you must start investing early in the right Savings Plans. The extended investment period lets your capital grow over time using the power of compounding interest. It also balances the impact of short-term market volatility, facilitating gradual fund accumulation to meet diverse goals.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">You can explore the \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/new-shri-vidya-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life New Shri Vidya Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128N051V03) if you’re looking for a low-risk Savings Plan to secure your child’s future. This Savings Plan combines the benefits of the best Child Plans, allowing you to enjoy dual benefits.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Besides supporting long-term savings creation, this plan also provides regular money-backs and additional bonuses for better returns.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Security for Retirement\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Many individuals include long-term savings and Investment Plans in their retirement planning because they help build a large enough fund to support the desired lifestyle during retirement.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">While the National Pension System (NPS), regular pension funds, annuity plans, etc., are common options to achieve financial stability in retirement, you can also explore more rewarding options, such as the \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/early-cash-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Early Cash Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128N093V02).\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">This non-linked participating plan combines multiple benefits of Savings, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/child-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Child\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, and Retirement Plans. Besides providing a capital guarantee, it also gives a cash bonus guarantee, compounding interest benefits, life cover, guaranteed income from 1st policy anniversary, and more, creating strong financial stability for golden years.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Tax Efficiency\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Including the right Savings Plans in your investment strategy can earn you immediate economic benefits through tax advantages. You can deduct eligible investments u/s 80C and other relevant sections to lower your taxable income and overall tax liability.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Maturity proceeds from particular plans, such as the \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/assured-savings-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Assured Savings Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN 128N089V04) can also get you tax benefits u/s 10(10D). If you’re overwhelmed with the tax-saving sections and guidelines, consider consulting a reliable tax professional for personalised guidance.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>The Power of Compounding Interest\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>How Compounding Works\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Compounding interest is a powerful financial principle wherein the returns earned on your investment is reinvested to generate their own earnings. Unlike simple interest, which calculates returns on the principal amount, compounding lets interest accumulate on both the initial investment and the interest already earned.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">It leads to significant wealth accumulation over time. You can benefit more from compounding interest when investing in long-term savings options because the extended period provides adequate time for the interest to be reinvested for significant earnings.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Maximising Compounding Benefits\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">The easiest way to maximise compounding benefits is to start early. It lets the invested amount grow steadily over a period, earning substantial returns. Even small amounts invested consistently for an extended period can give significant results.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">If you have adequate income to maintain your lifestyle expenses, consider reinvesting the returns for optimal compounding benefits.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Developing a Long-Term Savings Strategy\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Setting Clear Financial Goals\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Thoughtful future planning is built on SMART financial goals, i.e., goals that are specific, measurable, achievable, relevant, and time- bound. These goals can be used as a roadmap to remain focused and disciplined over extended periods to achieve the desired economic aspirations.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">If you don’t have any clearly defined financial goals, start by identifying how much amount you’ll need after a particular period to achieve a specific desire, such as funding a child’s higher education, buying a house, saving enough for retirement, etc.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Then, adjust the amount according to standard inflation for the set timeframe to get a reasonable figure. Consult a professional financial expert for personalised guidance if you’re feeling overwhelmed.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Consistent Contributions\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Consistent contributions are one of the most crucial steps in achieving financial stability with long-term savings, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/investment-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">investment\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, or Protection Plans. It’s especially true for Life Insurance plans with savings elements because consistent payments will keep the policy active, so you can enjoy its maturity benefits without hassle.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Consistent contributions in other investments will benefit you through the power of compounding interest, so remain disciplined with your contributions.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Conclusion\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Long-term Savings Plans aren’t ordinary financial instruments but a way to achieve financial stability in the future. Since the market provides different types of Savings Plans, you can choose the right option based on your specific financial goals to fulfil them in the desired time horizon.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">If you’re searching for the best long-term Savings Plans or Investment Plans for wealth accumulation or another goal, explore the wide range of options available at \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Insurance\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">We’re one of India’s leading and most trusted insurers, providing a diverse range of Life Insurance plans, such as Savings Plans, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/protection-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Protection Plans\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/retirement-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Retirement Plans\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, etc., to help people achieve their particular financial goals.\u003C/span>\u003C/p>\",\"category\":\"/blog/advice\"},{\"title\":\"Understanding the Tax Benefits of Savings Plans\",\"heading\":\"Understanding the Tax Benefits of Savings Plans\",\"short_description\":\"\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Many people invest for long-term financial security, but they often overlook a crucial aspect that influences t\u003C/span>\u003C/p>\",\"tile_image\":[{\"media_img\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-04/understanding-the-tax-benefits-of-savings-plans_0.jpg?VersionId=wiZhYoQt33KslELTrmlCZ5Ow5xOgTP5U\",\"alt\":\"understanding tax benefits of savings\"},\"media_svg\":null,\"media_svg_alt\":\"\",\"media_document\":null}],\"posted_on\":\"2025-04-04T10:37:37\",\"updated_on\":\"2025-04-04T10:37:43\",\"read_more_title\":\"Know More\",\"slug\":\"/understanding-tax-benefits-of-savings-plans\",\"field_bl_tag\":\"\u003Ca href=\\\"/blog/guides/recent\\\" hreflang=\\\"en\\\">Recent\u003C/a>, \u003Ca href=\\\"/blog/guides/savings\\\" hreflang=\\\"en\\\">Savings\u003C/a>\",\"description\":\"\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Many people invest for long-term financial security, but they often overlook a crucial aspect that influences their investment returns – tax implications. Hence, this blog discusses the tax benefits of Savings Plans so you can strategically plan your investments for maximum tax-saving benefits. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Being aware of tax implications can prevent you from overlooking or under-utilising the tax benefits provided under the Income Tax Act, enabling you to accumulate more tax-free savings. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Overview of Tax Benefits\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Types of Tax Benefits\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">If you’re investing in Savings Plans in India, you can primarily enjoy two types of tax benefits: deduction and exemption benefits. Deduction tax benefits enable individuals to deduct a portion of their investment amount from their gross total income, lowering their taxable income and tax liability.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Individuals with investments in Life Insurance plans such as \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/assured-savings-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Assured Savings Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN 128N089V04) can deduct premium payments u/s 80C, up to a maximum ₹1,50,000, as deduction benefits. Investments made in other Savings Plans, like the Public Provident Fund (PPF), Equity Linked Savings Scheme, etc., can also be claimed for deduction benefits.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Exemption tax benefits apply to the returns generated from Savings Plans. The returns from some investments can be tax-exempt u/s 10(10D) , subject to certain terms and conditions. Claiming both deductions requires strategic tax planning, so plan your investments wisely.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Importance of Tax Benefits\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">When choosing a \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/savings-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Savings Plans\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> or \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/investment-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Investment Plans\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, always evaluate its associated tax implications as they will directly impact the net returns. It can help lower your immediate tax burden, freeing up more income for additional savings or investments.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Tax-exempt returns on maturity will ensure that the wealth generated through investments isn’t eroded by future tax liabilities. If you’re unable to choose the right plans for optimal tax credits and investment tax benefits, consult a reliable tax professional.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Common Tax-Advantages Savings Plans\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Individual Retirement Accounts (IRAs)\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Individual Retirement Accounts (IRAs) are tax-advantaged accounts that help people save for retirement. Contributions to these tax-advantaged accounts often qualify for tax deductions and the investments grow tax-deferred until withdrawal.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">In India, investments in National Pension System (NPS), Employee Provident Fund (EPF), Public Provident Fund (PPF), etc., provide comparable tax benefits u/s 80C, 80CCC, 80CCD(1), 80CCD(1B), etc., and retirement savings.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Health Savings Accounts (HSAs)\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Health Savings Accounts (HSAs) are tax-advantaged accounts created especially for medical savings. In India, you can find health insurance policies with tax-saving components similar to HSAs. They provide varying tax deduction benefits u/s 80D, based on the dependents included in the policy. It can significantly lower your taxable income and liability.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Maximising Tax Benefits with Savings Plans\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Contribution Limits\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">You must understand contribution limits to get maximum investment tax benefits and tax-free savings. Since different tax-advantaged accounts, such as Savings Plans, Retirement Plans, Child Plans, etc., provide tax deductions under different sections, knowing the maximum deduction limits can help optimize tax savings.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">For example, investors can claim a maximum deduction of ₹1,50,000 u/s 80C for their investments in Unit Linked Insurance Plans (ULIPs) like \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/wealth-pro\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Wealth Pro Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128L096V01), tax-saving Fixed Deposits (FDs), National Savings Certificate, etc., so ensure you don’t concentrate all your contributions in one area to prevent under utilising potential returns.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Explore different investment options that qualify for tax deductions under different sections for maximum tax-free savings.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Tax-Free Growth\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Some plans let investments grow without attracting taxes at accumulation or withdrawal. In India, certain plans, such as the Public Provident Fund (PPF), Employee Provident Fund (EPF), etc., provide similar tax-free growth benefits. Some Unit Linked Insurance Plans (ULIPs) like the \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/fortune-builder\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Fortune Builder\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128L038V03) also provide tax-free growth on market-linked earnings until withdrawal. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Strategies for Effective Tax Planning\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Regular Review and Adjustments\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Whether you’re creating your financial planning or tax planning strategy for the current year, you should remember to review it routinely for timely adjustments. Since tax laws, contribution limits, eligible deductions, etc., may change at any time, it’s crucial to review your strategies timely so they’re aligned with the existing regulations.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Regular review and adjustments will ensure minimal or no missed opportunities for maximising tax benefits.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Consulting a Tax Professional\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">While self-directed tax planning strategies can be beneficial, staying informed of all the latest regulations, investment options, market conditions, etc., can be overwhelming for most individuals.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">If you lack the relevant information and expertise to create highly efficient tax-saving plans, we recommend consulting a tax professional for personalised guidance. Besides saving your time and mental energy, professional tax consultation will also facilitate saving maximum taxes on your investment returns.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Conclusion\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Investing in Savings Plans alone isn’t enough to achieve financial security; you must also be aware of the associated tax implications to receive maximum returns and fulfil long-term financial goals. Since different plans have different tax implications, we recommend checking the available tax benefits for your chosen investments and planning accordingly.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">You can explore multiple Savings Plans at \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Insurance\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, one of India’s most trusted insurance providers, as they’re designed to help policyholders accomplish their financial goals while enjoying tax savings. Besides Savings Plans, we also provide numerous \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/protection-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Protection Plans\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/child-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Child Plans\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, Investment Plans, etc., that effortlessly align with most individuals’ financial goals.\u003C/span>\u003C/p>\",\"category\":\"/blog/advice\"},{\"title\":\"How to Effectively Manage and Monitor Your Savings Plan\",\"heading\":\"Proven Tips to Manage and Monitor Your Savings Plan\",\"short_description\":\"\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Investing in the right Savings Plan can set you up for financial success, but simply investing isn’t enough.\u003C/span>\u003C/p>\",\"tile_image\":[{\"media_img\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-04/how-to-effectively-manage-and-monitor-your-savings-plan_0.jpg?VersionId=HCc1520g4YUwH2bJ0C8IFcHznF0MBEMm\",\"alt\":\"Monitoring savings plans\"},\"media_svg\":null,\"media_svg_alt\":\"\",\"media_document\":null}],\"posted_on\":\"2025-04-03T05:48:39\",\"updated_on\":\"2025-04-03T05:48:45\",\"read_more_title\":\"Know More\",\"slug\":\"/tips-to-manage-and-monitor-savings-plan\",\"field_bl_tag\":\"\u003Ca href=\\\"/blog/guides/recent\\\" hreflang=\\\"en\\\">Recent\u003C/a>, \u003Ca href=\\\"/blog/guides/savings\\\" hreflang=\\\"en\\\">Savings\u003C/a>\",\"description\":\"\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Investing in the right Savings Plan can set you up for financial success, but simply investing isn’t enough. You must actively manage and monitor your Savings Plans to get the desired benefits. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">This blog will guide you through the best practices of effectively managing and monitoring your Savings Plans so you always stay in control and build lasting financial success. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Setting Up Your Savings Plan\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Defining Financial Goals\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Start your financial planning phase by identifying what you are saving for and why. It will ensure you find the right Savings Plans for your portfolio. We recommend setting specific, realistic, and measurable financial goals as they will prevent unwanted frustration or financial strain. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">If you feel overwhelmed with this process, consider consulting a professional financial expert for personalised guidance. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Choosing the Right Savings Strategy\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Once you’ve identified your specific financial goals, explore a savings strategy that aligns with them. We believe there is never a one-size-fits-all approach, so always choose a savings strategy based on the nature of your goals, risk tolerance, and investment horizon.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">For instance, fixed deposits, recurring deposits, and high-interest savings accounts are ideal for accomplishing short-term financial goals. They provide safety and guaranteed returns to people with a low-risk profile. \u003C/span>\u003C/p>\u003Cp>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/assured-income-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN\\\" lang=\\\"EN\\\"> (UIN: 128N053V05)\u003C/span>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> is also a low-risk Savings Plan that helps policyholders accumulate wealth through systematic savings. Debt mutual funds, guaranteed Savings Plans by insurance companies, hybrid funds, etc., are better suited to fulfil medium-term goals. These instruments are recommended for people with a low to moderate risk profile. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Tools for Managing Your Savings Plan\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Budgeting Apps and Software\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Budgeting apps and software play a vital role in helping individuals organize their finances. You can use it to streamline your budget management and identify areas where money can be saved or redirected to achieve financial goals. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">While numerous tools exist in the market, you can explore options budgeting apps. They’re intuitive, easy to use, and loaded with features that can help you monitor savings, performance tracking, and more. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">If you have multiple investments in Savings or Investment Plans, these tools can give you a bird’s eye view of all the investments, expected return, etc., on a single platform, assisting you to make informed future financial budgets. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Automated Savings Tools\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Busy professionals love using automated savings tools as they simplify their savings processes. If you find managing multiple Savings or Child Plans investments difficult, consider exploring tools that automatically transfer a predetermined amount from your account at regular intervals.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Several banks and financial institutions provide automated savings tools, such as Standing Instructions (SI), Auto-Debit Mandates, etc., to automate fund transfers to your chosen accounts. This automated transfer supports consistent savings without worrying about missing important payments. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Monitoring the Performance of Your Savings Plan\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Regular Financial Reviews\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Since personal circumstances, financial priorities, and even the broader economic landscape can change over time, everyone should conduct frequent investment monitoring and review processes. These timely reviews will help you ensure that all your investments remain aligned with your changing financial needs and evolving goals. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Tracking Investment Performance\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Frequent investment monitoring and performance tracking are crucial for effective investment management, especially for market-linked plans. If you have mutual funds, Unit Linked Insurance Plans (ULIPs) like \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/wealth-pro\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Wealth Pro Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128L096V01), Equity-Linked Savings Scheme (ELSS), etc., in your savings portfolio, their performance will fluctuate based on market conditions.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Continuous monitoring and tracking will help ensure these investments yield returns in alignment with your expectations and risk tolerance. You can track the performance by evaluating key metrics, such as annualised returns, volatility, and benchmark comparisons of your investments. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">For instance, if you’ve invested in mutual funds, compare the fund’s performance against its category average or benchmark index to gauge relative performance. Those with ULIP investments can track the Net Asset Value (NAV) to assess how funds are performing in the market. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">The precise tracking method will depend on the investment product, so explore appropriate tracking methods. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Adjusting Your Savings Plan\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Adapting to Changing Financial Goals\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Your savings strategy should evolve with time to accommodate changes in your circumstances or financial priorities. What seemed essential five years ago may no longer remain relevant after a few years. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Regularly assessing Savings Plans and other investments like \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/protection-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Protection Plans\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> or \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/retirement-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Retirement Plans\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> can help you stay on track with your financial aspirations. To adapt to such changes, we encourage individuals to redefine their financial goals every six months or at least once a year. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">You can then evaluate whether the existing savings and investment allocations are sufficient to meet the revised goals. These inputs will help you make appropriate changes to achieve the new financial goals. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Responding to Market Changes\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Financial markets are inherently unpredictable. Hence, always respond proactively to protect your savings and optimise returns. Your response should always match with your investment type. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">For example, if you’ve invested in market-linked savings plans, your portfolio may become overexposed to underperforming stocks in declining equity markets. In such cases, you can rebalance the risk by shifting funds towards more stable asset classes, like debt instruments or fixed deposits. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Those with ULIP investments can use fund-switching options to respond to market dynamics. For instance, policyholders can shift to a low-risk debt fund during periods of high market uncertainty to minimise risk and move back to equity funds when the market stabilises. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">If you find it overwhelming, consider investing in a Savings Plan like \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/sunishchit-laabh\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Sunishchit Laabh\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, as it offers assured returns, regardless of market changes. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Conclusion\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Managing and monitoring your Savings Plans is an ongoing activity that demands constant attention and effort. While some people prefer to do it manually, using advanced budgeting tools and automated savings can streamline the process. You can use these tools for effortless financial planning. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">If you plan to invest in more Savings Plans to cater to your evolved financial needs, explore the wide range of \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/savings-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Savings Plans\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> at Shriram Life Insurance. We’re one of India’s leading insurance providers, offering a diverse range of retirement, investment, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/child-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">child\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, protection, and savings plans.\u003C/span>\u003C/p>\",\"category\":\"/blog/advice\"},{\"title\":\"How Savings Plans Can Provide Financial Security for Emergencies\",\"heading\":\"How Savings Plans Can Save You in Emergencies?\",\"short_description\":\"\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Emergencies can occur in any person’s life at any stage.\u003C/span>\u003C/p>\",\"tile_image\":[{\"media_img\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-04/how-savings-plans-can-provide-financial-security-for-emergencies_0.jpg?VersionId=e94c1riuO_CC2X.T8aAe9bz4CKjXPgBf\",\"alt\":\"Did Savings Plans Provide Financial Securities for Emergencies?\"},\"media_svg\":null,\"media_svg_alt\":\"\",\"media_document\":null}],\"posted_on\":\"2025-04-02T11:47:16\",\"updated_on\":\"2025-04-02T11:47:22\",\"read_more_title\":\"Know More\",\"slug\":\"/how-savings-plans-can-save-in-emergencies\",\"field_bl_tag\":\"\u003Ca href=\\\"/blog/guides/recent\\\" hreflang=\\\"en\\\">Recent\u003C/a>, \u003Ca href=\\\"/blog/guides/savings\\\" hreflang=\\\"en\\\">Savings\u003C/a>\",\"description\":\"\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Emergencies can occur in any person’s life at any stage. Hence, everyone should be prepared to handle these challenging situations. This blog discusses how individuals can use Savings Plans to build strong financial security for such times. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Investment in the right Savings Plans builds a financial cushion that protects you against financial setbacks from any emergency, such as job loss, major medical treatment, expensive home repairs, or any unavoidable expenses.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>The Role of Savings Plans in Financial Security\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>What Constitutes an Emergency Fund?\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">An emergency fund creation should be treated like a non-negotiable aspect of your financial planning journey. This dedicated reserve of money should be set aside to cover unexpected financial situations that demand immediate attention.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Financial experts generally recommend maintaining an emergency fund equivalent to six months of living expenses, but you can save more for enhanced safety and stability. This fund can reduce financial stress during emergencies by providing instant liquidity to meet essential expenses.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Savings Plans as a Safety Net\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Savings Plans help build emergency savings that can be accessed when emergencies arise. Since Savings Plans encourage disciplined and systematic contributions, you enjoy capital preservation and consistent growth through interest earnings or investment returns.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Many Savings Plans provide flexible withdrawal options or liquidity provisions so you can access funds when needed. This instant accessibility of funds creates a financial safety net that ensures peace of mind and prevents you from resorting to high-interest loans to manage emergencies.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Some options, like the \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/premier-assured-benefit-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Premier Assured Benefit Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128N094V04), also help you enjoy financial stability during emergencies by creating an additional income stream in the form of annual earnings. The plan provides multiple pay-out options so policyholders can effortlessly navigate economic challenges at every life stage.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Types of Savings Plans for Emergencies\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>High-Yield Savings Accounts\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">These specialised bank accounts provide comparatively higher interest rates than traditional savings accounts. High-yield savings accounts are ideal for building and maintaining emergency funds as they combine easy access to funds with the benefit of earning competitive returns on idle cash.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">These accounts are perfect if you have a low-risk profile and want to prioritise building liquid assets to handle financial emergencies effortlessly.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Money Market Accounts\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">People with moderate risk profiles may explore money market accounts as they have the potential to generate higher returns on initial savings or investments. You can explore options, such as treasury bills, certificates of deposits, commercial papers, or other short-term yet highly liquid financial instruments.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">The biggest benefit of using these accounts for building an emergency fund is the potential to create a substantial emergency reserve with the same amount of money, translating to more money for emergencies. If you prioritise wealth creation, complement your money market account purchases with market-linked \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/investment-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Investment Plans\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> or \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/retirement-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Retirement Plans\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Short-Term Fixed Deposits\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Short-term fixed deposits are another low-risk option that provides capital protection and steady growth to prepare you for emergencies. Unlike traditional fixed deposits, these deposits range from seven days to twelve months. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Since deposit holders have the facility to withdraw funds prematurely, this quick access savings amount can be used to tackle any emergency. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Advantages of Using Savings Plans for Emergencies\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Immediate Accessibility\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Financial emergencies demand quick action, so you must always invest in Savings Plans that provide immediate fund accessibility. Instant access to funds during emergencies ensures that the tough situation gets contained at the earliest, preventing further financial damage. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">You can choose Savings Plans like the \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/assured-income-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128N053V05), as it provides a regular income option after a particular period. This steady stream of additional income can be used to handle financial challenges during emergencies. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Maintaining Financial Stability\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Savings Plans provide a ready pool of funds during emergencies that can be instantly accessed to meet expenses without compromising one’s economic well-being. These funds ensure you continue managing your lifestyle and tackle the emergency using the saved funds without any hassle or stress. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Maximising the Efficiency of Emergency Savings\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Regular Contributions\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Consistent contributions to Savings Plans are essential for building dependable emergency savings. Regular contributions ensure your emergency fund grows steadily over time, keeping pace with the rising inflationary prices and potential future emergencies. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Diversifying Emergency Savings\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">While most Savings Plans are low-risk, people should not rely on only one type of plan. Diversifying your savings across different plans will give you multiple benefits, such as security, growth, and accessibility. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">It is the easiest way to reduce the risk of capital erosion due to inflation, ensuring your funds are not overly exposed to market fluctuations. For example, you may invest a portion of your funds in high-yield savings accounts for security and the balance in Savings Plans like \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/early-cash-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Early Cash Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128N093V02) for higher return potential to build a sizable emergency fund. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">You can explore other diversification options, such as Childs Plans or Protection Plans with built-in savings features for steady wealth accumulation. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Conclusion\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Investing in Savings Plans is the easiest and least risky way to build a safety net for financially challenging times. These disciplined and structured savings help create an emergency reserve that can be used to instantly access funds during emergencies. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Insurance, one of India’s leading insurance providers, provides a wide range of \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/savings-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Savings Plans\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> that can help you create emergency funds and achieve other financial goals. We also provide a wide range of Child Plans, Investment Plans, Retirement Plans, etc., to support diverse financial aspirations.\u003C/span>\u003C/p>\",\"category\":\"/blog/advice\"}],\"blog_count\":[{\"count\":163,\"counts\":163}],\"nothing\":\"all\",\"nothing_1\":317}]","http://127.0.0.1:4000/api/v1/tagged-blogs/317/all":"[{\"category\":[{\"id\":1781,\"name\":\"Super Income Plan\"},{\"id\":1782,\"name\":\"Advice\"},{\"id\":1930,\"name\":\"Child Plan\"},{\"id\":1979,\"name\":\"Early Cash Plan\"},{\"id\":1982,\"name\":\"Assured Income Plan\"},{\"id\":1984,\"name\":\"Golden Premier Saver Plan\"},{\"id\":1985,\"name\":\"Premier Assured Benefit\"},{\"id\":1986,\"name\":\"Cash Back Term Plan\"}],\"blogs\":[{\"title\":\"Master Financial Freedom with 5 Hidden Secrets About Early Retirement Planning\",\"heading\":\"Master Financial Freedom with 5 Hidden Secrets About Early Retirement Planning\",\"short_description\":\"\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Retirement is more than just stopping work.\u003C/span>\u003C/p>\",\"tile_image\":[{\"media_img\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-05/understanding-the-importance-of-early-retirement-planning.jpg?VersionId=nXPukgOV.voNDkPZ1miiZgMa7V6_gFIO\",\"alt\":\"truths about the early retirement planning\"},\"media_svg\":null,\"media_svg_alt\":\"\",\"media_document\":null}],\"posted_on\":\"2025-05-05T06:33:59\",\"updated_on\":\"2025-05-05T06:34:04\",\"read_more_title\":\"Know More\",\"slug\":\"/master-financial-freedom-with-5-hidden-secrets-about-early-retirement\",\"field_bl_tag\":\"\u003Ca href=\\\"/blog/guides/recent\\\" hreflang=\\\"en\\\">Recent\u003C/a>, \u003Ca href=\\\"/blog/guides/retirement\\\" hreflang=\\\"en\\\">Retirement\u003C/a>\",\"description\":\"\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Retirement is more than just stopping work. It's about reclaiming time for travel, hobbies, family, and the freedom to live life on your own terms. But here's the thing: that kind of life doesn’t just fall into place. It takes planning. And not just any planning- early retirement planning.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Starting early doesn’t just give you a head start. It gives your money time to grow, reduces your long-term stress, and helps you stay prepared for uncertainties like inflation and healthcare costs. In short, it puts you in control.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">And with solutions from Shriram Life Insurance, that control becomes much easier.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>1. Harnessing the Power of Compounding\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Let’s talk about the one thing that can make or break your retirement savings: compounding. The earlier you begin saving, the more time your money has to earn returns, and those returns earn more returns. It’s the snowball effect in your favour.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Think about this:\u003C/strong>\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Start saving INR 5,000/month at age 30 with an average 8% return → You could end up with INR 1.5+ crore by retirement.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Start at 45 with the same INR 5,000/month → You might end up with only INR 40- 45 lakhs.\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">That’s the power of time. Even small contributions can turn into a substantial corpus when you start early.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Plan to explore: The \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/assured-income-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128N053V05) helps you grow wealth steadily while ensuring guaranteed payouts, making disciplined savings easier and more rewarding.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>2. Reducing Financial Pressure with an Early Start\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">The earlier you start, the easier it gets. Planning in your 30s or 40s lets you spread your savings, so you’re not scrambling in your 50s to catch up.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Here are some of the benefits of getting an early start on your financial savings:\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Smaller, consistent contributions feel more manageable.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Less stress about meeting your retirement goals later.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">More time to adjust if life throws surprises your way.\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Instead of scrambling to save large chunks of your income in your 50s, early planning allows for smaller, consistent contributions that feel less burdensome. This approach significantly reduces future financial stress and anxiety about having enough. Plans providing flexibility and liquidity, such as the\u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/early-cash-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> Shriram Life Early Cash Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128N093V03), provide access to funds through features like cash bonuses while encouraging gradual wealth building.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>3. Preparing for Unforeseen Expenses with Inflation- Ready Planning\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Retirement isn't just about covering basic living costs. You need to account for rising expenses due to inflation, potentially significant healthcare costs, and unexpected emergencies. Inflation-ready planning is critical because the value of money decreases over time. What seems like a sufficient amount today might fall short twenty or thirty years later.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Early planning allows you to factor these future uncertainties into your savings goals. Aiming for a corpus that accounts for inflation and potential medical needs builds a safety net. Ensuring a steady cash flow post- retirement is vital. Instruments designed to provide predictable income for retirees, like the \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/immediate-annuity-plus\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Immediate Annuity Plus Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128N063V07), can play a key role in managing these challenges by providing regular payouts.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>4. Building a Diverse Retirement Portfolio Early Through Diversified Investment Strategies\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">We all would have heard the saying: Don't put all your eggs in one basket! \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Early retirement planning allows ample time to build a robust portfolio using diversified investment strategies. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Relying solely on one type of investment (such as fixed deposits or only equity) carries significant risk. Diversification means spreading your savings across asset classes- equity, debt, real estate, gold, and insurance-based plans- to balance risk and reward. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>What diversification could look like:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Equity funds for high growth.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Debt instruments for stability.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Insurance-backed annuities for guaranteed income.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Gold or real estate as alternative stores of value.\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">The right mix depends on your goals, risk tolerance, and retirement timeline. Starting early gives your diversified investments time to weather market fluctuations and potentially generate better overall returns. It is also wise to add stable, lower-risk components. For instance, the \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/saral-pension\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Saral Pension Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128N092V01) provides a guaranteed lifetime annuity, making it a reliable addition to those seeking low-risk investments within their diversified retirement strategy.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>5. Maximising Tax Efficiency with Early Investments\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Effective retirement planning isn't just about saving; it's also about saving smartly. Many retirement savings instruments provide tax benefits. Starting early with tax-efficient retirement plans allows you to maximise these advantages over your earning years.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Contributions to specific plans, like pension plans or certain insurance policies, often qualify for deductions under sections like 80C of the Income Tax Act, reducing tax liabilities annually. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Furthermore, the maturity proceeds or withdrawals from some plans might also be tax-exempt under prevailing laws. Market-linked options like the \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/pension-plus\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Pension Plus Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128L065V03) provide growth potential and valuable tax-saving opportunities, helping your retirement corpus grow more efficiently. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Conclusion: Starting Early for a Lifetime of Financial Independence\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">The message is clear here. Starting retirement planning early is essential for lifelong financial independence.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">It provides many benefits, such as leveraging compound growth for substantial long-term wealth accumulation and minimizing financial stress through manageable, consistent contributions, adequately preparing with inflation-ready planning, building resilience through diversified investment strategies, and maximising returns via tax-efficient retirement plans.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Don't wait for the 'right time' – the best time is now. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Take control of your future financial well- being.\u003C/span>\u003C/p>\u003Cp>\u003Ca href=\\\"https://www.shriramlife.com/\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Insurance\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> provides multiple plans supporting your early investment goals and \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/retirement-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">retirement plans\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">. The plans are designed to maximise benefit with minimal investment and help you build a secure, stress-free retirement life filled with peace, security and financial freedom you deserve.\u003C/span>\u003C/p>\",\"category\":\"/blog/advice\"},{\"title\":\"6 Tips to Adjust Your Retirement Plan for a Secure Future\",\"heading\":\"6 Tips to Adjust Your Retirement Plan for a Secure Future\",\"short_description\":\"\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Your retirement plan isn’t a one-time setup. Life changes, and so should your strategy.\u003C/span>\u003C/p>\",\"tile_image\":[{\"media_img\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-05/how-to-adapt-your-retirement-plan-to-changing-financial-needs_0.jpg?VersionId=YG7yNSq3N_NEXdZ3wOPslk1mTzK2AkHw\",\"alt\":\"Retirement plan to change financial needs\"},\"media_svg\":null,\"media_svg_alt\":\"\",\"media_document\":null}],\"posted_on\":\"2025-05-02T12:36:52\",\"updated_on\":\"2025-05-02T12:36:57\",\"read_more_title\":\"Know More\",\"slug\":\"/6-tips-to-adjust-retirement-plan-for-secure-future\",\"field_bl_tag\":\"\u003Ca href=\\\"/blog/guides/recent\\\" hreflang=\\\"en\\\">Recent\u003C/a>, \u003Ca href=\\\"/blog/guides/retirement\\\" hreflang=\\\"en\\\">Retirement\u003C/a>\",\"description\":\"\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Your retirement plan isn’t a one-time setup. Life changes, and so should your strategy.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Whether you're 30 or 60, adapting your retirement plan to match evolving financial goals, market conditions, and personal needs is key to ensuring lasting financial security. From rising expenses in retirement to shifting priorities like healthcare or family support, having flexible financial strategies in place helps you stay prepared.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Let’s see how you can build and maintain a retirement plan that keeps up with life, and why Shriram Life Insurance’s retirement solutions provide the flexibility and reliability you need.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Why Retirement Plans Must Evolve with Time\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Retirement goals aren't static. As you move through different stages of life, several factors can influence your financial requirements.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Key triggers that demand retirement planning adjustments:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">A rise in healthcare costs for retirees\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Inflation eating into your savings’ purchasing power\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Family obligations, like funding children’s education or supporting dependents\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Unforeseen emergencies or lifestyle shifts\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">A retirement plan that remains rigid risks becoming irrelevant. Flexibility enables you to handle these variables without compromising your financial peace of mind.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>1. Reviewing Financial Goals Regularly\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Your financial goals at 35 won’t be the same at 55. Regularly reassessing your plan ensures it reflects your current life situation and future aspirations.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Why you should revisit your plan at least once a year:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Your income and expenses might have changed\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Life goals such as early retirement or relocation may arise\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Market dynamics could impact your portfolio’s performance\u003C/span>\u003C/li>\u003C/ul>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>How to adapt effectively:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Rebalance investment allocations based on risk appetite\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Adjust your retirement age and expected corpus accordingly\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Account for new income sources or liabilities\u003C/span>\u003C/li>\u003C/ul>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Plan to consider:\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">The \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/pension-plus\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Pension Plus Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN 128L065V03) provides a flexible pension structure that can adapt to your evolving retirement income needs.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>2. Adjusting for Inflation and Rising Expenses\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Inflation may seem slow, but over time, it has a massive impact on your retirement savings. A plan that doesn’t account for inflation may leave you short in your later years.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Common inflation-impacted expenses:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Day-to-day living costs (food, utilities, transport)\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Medical treatments and long-term care\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Lifestyle expenses such as travel or leisure\u003C/span>\u003C/li>\u003C/ul>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>What you can do:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Increase savings rates as income grows\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Invest in instruments providing inflation-adjusted returns\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Use annuity plans to ensure a stable income stream\u003C/span>\u003C/li>\u003C/ul>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Plan to consider:\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">The \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/immediate-annuity-plus\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Immediate Annuity Plus Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN:128N063V07) is designed to provide steady payouts, helping you manage the impact of rising costs in retirement.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>3. Addressing Healthcare and Emergency Costs\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Healthcare is one of the most unpredictable and costly aspects of retirement. Even a minor medical emergency can derail your financial goals without a plan.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Why healthcare planning is critical:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Medical inflation outpaces regular inflation\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Chronic conditions or age-related issues increase medical spending\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Emergency hospitalizations or surgeries can exhaust savings quickly\u003C/span>\u003C/li>\u003C/ul>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Steps to stay prepared:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Maintain a separate health-focused fund\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Invest in plans with early liquidity features\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Include health insurance premiums in your retirement budgeting\u003C/span>\u003C/li>\u003C/ul>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Plan to consider:\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">The \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/early-cash-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Early Cash Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128N093V03) provides timely access to funds, helping you manage emergency fund solutions without touching your long-term corpus.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>4. Balancing Risk with Diversified Investments\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">A well-diversified portfolio not only enhances growth potential but also provides stability. Especially as retirement approaches, managing risk becomes more critical than chasing returns.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Benefits of a diversified investment portfolio:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Spreads exposure across asset classes (debt, equity, insurance)\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Minimizes the impact of market volatility\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Aligns with both short- and long-term financial goals\u003C/span>\u003C/li>\u003C/ul>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>How to achieve the right balance:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Reduce equity exposure gradually as you near retirement\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Allocate funds to safer, predictable-return instruments\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Keep a portion liquid for emergencies\u003C/span>\u003C/li>\u003C/ul>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Plan to consider:\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">The \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/saral-pension\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Saral Pension Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128N092V01) is ideal for conservative investors who want stable, guaranteed payouts with low risk exposure.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>5. Aligning with Tax-Efficient Strategies\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Every rupee saved in taxes can directly boost your retirement income. That’s why tax-efficient planning must be a part of your overall retirement strategy.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>How tax efficiency adds value:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Increases post-tax income\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Reduces tax burden on withdrawals\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Helps plan effective gifting or inheritance strategies\u003C/span>\u003C/li>\u003C/ul>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Tax planning tips for retirees:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Utilise Section 80C deductions smartly\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Choose plans with tax-exempt maturity benefits\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Time your withdrawals for lower income tax slabs\u003C/span>\u003C/li>\u003C/ul>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Plan to consider:\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">The \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/assured-income-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128N053V05) provides structured payouts with tax-efficient benefits, helping retirees optimise income and savings.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>6. Creating a Retirement Plan That Grows With You\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">The ultimate goal of retirement planning isn’t just to accumulate wealth- it’s to build a plan that evolves with your life.\u003C/span>\u003C/p>\u003Ch4>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Key traits of an adaptive retirement plan:\u003C/span>\u003C/h4>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Flexibility:\u003C/strong> To accommodate changes in income, expenses, or goals\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Liquidity:\u003C/strong> To handle emergencies without derailing the overall plan\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Stability:\u003C/strong> To ensure predictable income even during volatile times\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Tax efficiency: \u003C/strong>To preserve and grow your corpus wisely\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Explore \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/retirement-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Insurance’s retirement products\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> to find customisable solutions that keep pace with your evolving needs- today, tomorrow, and beyond.\u003C/span>\u003C/p>\",\"category\":\"/blog/advice\"},{\"title\":\"The Secret Weapon for a Secure Retirement: Annuities Unveiled!\",\"heading\":\"The Secret Weapon for a Secure Retirement: Annuities Unveiled!\",\"short_description\":\"\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Annuities are a key component of a strong retirement plan.\u003C/span>\u003C/p>\",\"tile_image\":[{\"media_img\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-04/the-role-of-annuities-in-a-comprehensive-retirement-plan_0.jpg?VersionId=HsiHI5f0PwFH6JhU46zre7x8w5PNjNAt\",\"alt\":\"Role of annuities in comprehensive retirement planning\"},\"media_svg\":null,\"media_svg_alt\":\"\",\"media_document\":null}],\"posted_on\":\"2025-04-30T07:05:04\",\"updated_on\":\"2025-04-30T07:05:08\",\"read_more_title\":\"Know More\",\"slug\":\"/secret-weapon-for-a-secure-retirement\",\"field_bl_tag\":\"\u003Ca href=\\\"/blog/guides/recent\\\" hreflang=\\\"en\\\">Recent\u003C/a>, \u003Ca href=\\\"/blog/guides/retirement\\\" hreflang=\\\"en\\\">Retirement\u003C/a>\",\"description\":\"\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Annuities are a key component of a strong retirement plan. They provide guaranteed income, financial protection, and long-term stability, ensuring that retirees can enjoy their golden years without worrying about outliving their savings. In this blog, we’ll see how annuities for retirement, such as the Shriram Life Pension Plus Plan (UIN: 128L065V03) and \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/saral-pension\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Saral Pension Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128N092V01), can be crucial in building a reliable retirement strategy.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Why Annuities are Essential for Retirement Planning\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Securing a steady income stream is often the primary concern when planning for retirement. Here’s why annuities should be part of your retirement strategy:\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Guaranteed Income:\u003C/strong> Annuities provide consistent, predictable payments over time, helping retirees avoid the risk of running out of money.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Protection from Market Volatility:\u003C/strong> Unlike stocks or mutual funds, annuities don’t affect market fluctuations, ensuring stable income.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Long-Term Security:\u003C/strong> Annuities, especially those with lifetime payout options, protect you against longevity risk, living longer than your savings.\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">For example, the \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/pension-plus\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Pension Plus Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128L065V03) provides customisable features that allow you to secure lifelong income, providing peace of mind for you and your loved ones.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Creating a Consistent Income Stream\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">A consistent income stream is one of the biggest challenges retirees face. Annuities provide a reliable solution.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Here’s how they help:\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Steady Monthly Payments:\u003C/strong> No more worrying about how to stretch your savings.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Predictability: \u003C/strong>Annuities make it easy to plan and budget since payments are fixed and reliable.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Immediate Income:\u003C/strong> The \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/immediate-annuity-plus\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Immediate Annuity Plus Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: \u003C/span>\u003Cspan>128N063V07\u003C/span>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">) provides income immediately, making it perfect for those needing immediate support.\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">With a product like the Shriram Life Immediate Annuity Plus Plan (UIN: 128N063V07), you can receive payments soon after purchase, which is particularly helpful for covering urgent needs like healthcare or household expenses.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Protecting Against Longevity Risks\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Longevity risk is one of the most significant threats to retirees. Simply put, it’s the risk of outliving your savings. As life expectancy increases, retirees may outlive their financial resources without a stable income stream.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Annuities provide a solution by:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Lifetime Payments:\u003C/strong> Some annuities, like the Shriram Life Pension Plus Plan (UIN 128L065V03), provide lifetime income options.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Customisable Features: \u003C/strong>You can choose add-ons like spouse benefits or inflation adjustments, ensuring your income keeps up with rising living costs.\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">By securing an annuity that guarantees income for life, you protect yourself against the financial uncertainty of living longer than expected.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Tailoring Annuities to Individual Needs\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Everyone’s retirement goals and needs are different. Annuities are flexible and customisable to suit those diverse needs.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Here’s how annuities can be tailored to your needs:\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Payment Frequency:\u003C/strong> Choose from monthly, quarterly, or yearly payouts.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Income Start Date:\u003C/strong> Select an immediate or deferred start date for income payments.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Lump Sum or Regular Payments:\u003C/strong> Decide if you want a lump sum or regular income payments at the start.\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">For example, the Shriram Life Saral Pension Plan (UIN: 128N092V01) is an ideal choice for those looking for a simple, flexible solution. Whether you need immediate income or prefer deferred payments, this plan can be adjusted to your retirement goals.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Key Benefits of Including Annuities in Your Retirement Plan\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">When it comes to retirement, stability and security are paramount. Annuities provide the following benefits:\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Financial Security: \u003C/strong>Annuities eliminate the risk of running out of money during retirement.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Peace of Mind: \u003C/strong>Knowing your steady income stream can reduce stress and help you enjoy retirement.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Flexible Options: \u003C/strong>Annuities can be customised to meet your financial needs, making them suitable for many retirees.\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">The Shriram Life Pension Plus Plan (UIN 128L065V03) and Shriram Life Saral Pension Plan (UIN: 128N092V01) provide excellent options for creating a reliable, stable income throughout retirement.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Conclusion\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Using annuities in your retirement strategy ensures you’ll have a reliable and stable income throughout your retirement years. By choosing products like the Shriram Life Pension Plus Plan (UIN 128L065V03) and Shriram Life Saral Pension Plan (UIN: 128N092V03), you’re making a smart choice for long-term financial security.\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Guaranteed Income:\u003C/strong> Annuities provide income you can count on.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Customisable Features:\u003C/strong> Tailor your plan to suit your needs.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Long-Term Security: \u003C/strong>Protect yourself against outliving your savings.\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Annuities are a powerful tool in your retirement planning, helping you achieve financial peace of mind while securing your future.\u003C/span>\u003C/p>\",\"category\":\"/blog/advice\"},{\"title\":\"7 Retirement Mistakes \\\"Experts\\\" Don't Want You to Know\",\"heading\":\"7 Retirement Mistakes \\\"Experts\\\" Don't Want You to Know\",\"short_description\":\"\u003Cp>Planning for retirement is one of the most critical financial decisions you will make.\u003C/p>\",\"tile_image\":[{\"media_img\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-04/common-mistakes-to-avoid-when-planning-for-retirement_0.jpg?VersionId=U8YcAblivDtgC8MQkNRLTp4q6M.z8VB.\",\"alt\":\"Mistakes to avoid while planning for retirement\"},\"media_svg\":null,\"media_svg_alt\":\"\",\"media_document\":null}],\"posted_on\":\"2025-04-29T12:13:53\",\"updated_on\":\"2025-04-29T12:13:59\",\"read_more_title\":\"Know More\",\"slug\":\"/7-retirement-mistakes-experts-dont-want-you-to-know\",\"field_bl_tag\":\"\u003Ca href=\\\"/blog/guides/recent\\\" hreflang=\\\"en\\\">Recent\u003C/a>, \u003Ca href=\\\"/blog/guides/retirement\\\" hreflang=\\\"en\\\">Retirement\u003C/a>\",\"description\":\"\u003Cp>Planning for retirement is one of the most critical financial decisions you will make. Whether in your 30s, 40s, or 50s, avoiding common retirement planning mistakes is key to ensuring long-term financial stability and peace of mind. Any missteps in your decisions can significantly impact your golden years, from underestimating healthcare costs to delaying investments.\u003C/p>\u003Cp>So, let’s see some of these common pitfalls and how to sidestep them using practical strategies and with reliable solutions like Shriram Life Insurance’s retirement plans.\u003C/p>\u003Ch2>\u003Cspan>\u003Cstrong>Why Avoiding Retirement Planning Mistakes Matters\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>Recognising and avoiding retirement planning mistakes early can mean the difference between a comfortable, stress-free retirement and years of financial strain. Small errors today can snowball into major problems tomorrow. Proactive planning, realistic goal-setting, and structured financial tools can help retirees live with dignity and independence.\u003C/p>\u003Cp>Products like \u003Ca href=\\\"https://www.shriramlife.com/life-insurance/pension-plus\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Pension Plus Plan\u003C/span>\u003C/a> (UIN 128L065V03)\u003Cspan> \u003C/span>provide structured income options, helping retirees cover regular expenses and avoid financial pitfalls. The Shriram Life Pension Plus Plan helps individuals build a substantial retirement corpus while providing insurance coverage. \u003C/p>\u003Ch3>\u003Cspan>\u003Cstrong>Key Features of the Plan:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Cstrong>Flexible Premium Payments:\u003C/strong> Choose from regular, limited, or single premium payment options. \u003C/li>\u003Cli>\u003Cstrong>Multiple Investment Funds:\u003C/strong> Select from 11 investment funds based on your risk appetite and financial goals. \u003C/li>\u003Cli>\u003Cstrong>Loyalty Additions: \u003C/strong>Receive loyalty additions at the end of every 5th policy year, enhancing the fund value. \u003C/li>\u003Cli>\u003Cstrong>Top-Up Premiums: \u003C/strong>Make additional contributions to boost your retirement corpus. \u003C/li>\u003Cli>\u003Cstrong>Unlimited Fund Switching and Premium Redirection:\u003C/strong> Adjust your investment strategy per market conditions without additional charges.\u003C/li>\u003C/ul>\u003Ch2>\u003Cspan>\u003Cstrong>Delaying Retirement Planning\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>Delaying retirement savings can be costly. The earlier you start, the more you benefit from compound interest and lower monthly contributions. Waiting means you'll need to save much more later to reach the same goal, risking disruptions from unexpected life events. Starting early gives your investments time to grow and builds a stronger safety net for retirement.\u003C/p>\u003Ch3>\u003Cspan>\u003Cstrong>Impact of Delayed Savings\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>Delaying your retirement planning robs you of the power of compound interest. For example, starting at 30 instead of 40 could result in nearly double the savings, even with modest monthly contributions.\u003C/p>\u003Ch3>\u003Cspan>\u003Cstrong>Start Early, Secure More\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>The key to successful retirement planning is to start early and stay consistent. The \u003Ca href=\\\"https://www.shriramlife.com/life-insurance/assured-income-plan\\\">\u003Cspan>Shriram Life Assured Income Plan \u003C/span>\u003C/a>(UIN: 128N053V05)\u003Cspan> \u003C/span>provides disciplined saving with guaranteed payouts, helping you set a strong financial foundation for the future.\u003C/p>\u003Ch2>\u003Cspan>\u003Cstrong>Ignoring the Impact of Inflation\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>Not accounting for inflation in retirement planning can seriously erode your financial security. As the cost of living rises, the value of your savings decreases. What costs ₹50,000 today could cost ₹1,00,000 in 15- 20 years. If you don’t plan for this, you may struggle to maintain your lifestyle in retirement. To protect your future, it’s crucial to factor inflation into your strategy and adjust your savings goals to keep pace.\u003C/p>\u003Ch3>\u003Cspan>\u003Cstrong>How to Combat Inflation\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>Choose investment options that grow at a rate higher than inflation. Building a portfolio with a mix of equity, debt, and guaranteed returns can help you maintain your purchasing power. The Shriram Life Pension Plus Plan is structured to provide flexible contributions with potential for inflation-beating returns over the long term.\u003C/p>\u003Ch2>\u003Cspan>\u003Cstrong>Overlooking Diversification in Retirement Portfolios\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>Investing in one asset class, such as real estate or fixed deposits, is risky. Market conditions are unpredictable, and relying on a single type of investment leaves you vulnerable to shifts that could erode your returns. A lack of diversification increases your exposure to risk and limits growth potential, making it harder to build a stable and resilient retirement portfolio.\u003C/p>\u003Ch3>\u003Cspan>\u003Cstrong>Why Diversification Is Crucial\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>Diversification means spreading your investments across asset classes such as:\u003C/p>\u003Cul>\u003Cli>Equity (for growth).\u003C/li>\u003Cli>Bonds and fixed income (for stability).\u003C/li>\u003Cli>Insurance and annuity products (for guaranteed income).\u003C/li>\u003C/ul>\u003Cp>Shriram Life’s range of plans allows you to build a balanced financial strategy that ensures growth, protection, and income.\u003C/p>\u003Ch2>\u003Cspan>\u003Cstrong>Neglecting Emergency Fund Planning\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>Relying solely on your retirement fund for all expenses, including unexpected ones, is a critical mistake. Life can bring unforeseen events like medical emergencies, home repairs, or urgent family needs. Without a dedicated emergency fund, you may be forced to withdraw from your retirement savings, disrupting your long-term financial plan and compromising your future security.\u003C/p>\u003Ch3>\u003Cspan>\u003Cstrong>How to Build an Emergency Fund\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>Set aside 6–12 months’ worth of living expenses in a liquid and easily accessible form (such as a high-interest savings account or short-term debt fund).\u003C/p>\u003Cp>A safety net can help retirees maintain their lifestyle and avoid unnecessary debt or selling long-term investments at a loss.\u003C/p>\u003Ch2>\u003Cspan>\u003Cstrong>Forgetting About Health Care Costs\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>Underestimating healthcare costs in retirement is a costly mistake. Rising treatment costs, insurance premiums, and potential long-term care often become one of the largest burdens for retirees. Without planning for these, savings can deplete quickly, forcing unwanted financial compromises. \u003C/p>\u003Ch3>\u003Cspan>\u003Cstrong>Plan Proactively for Medical Expenses\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>Include healthcare as a separate component in your retirement strategy. Invest in insurance products that help you manage out-of-pocket expenses. The \u003Ca href=\\\"https://www.shriramlife.com/life-insurance/early-cash-plan\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Early Cash Plan\u003C/span>\u003C/a>\u003Cspan> \u003C/span>(UIN-128N093V03) is a good example. It provides early payouts for medical bills or preventive health check-ups, providing liquidity and peace of mind.\u003C/p>\u003Ch2>\u003Cspan>\u003Cstrong>Overlooking the Role of Annuities\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>Not considering annuities as part of your retirement plan can leave you without a reliable income stream in your later years. Annuities provide guaranteed, lifelong payouts, helping you manage monthly expenses and reducing the risk of outliving your savings. The \u003Ca href=\\\"https://www.shriramlife.com/life-insurance/immediate-annuity-plus\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Immediate Annuity Plan\u003C/span>\u003C/a> (UIN - \u003Cspan>128N063V07\u003C/span>) is designed for retirees who want to convert a lump sum into regular income to help maintain their lifestyles.\u003C/p>\u003Ch2>\u003Cstrong>Failing to Diversify Retirement Investments\u003C/strong>\u003C/h2>\u003Cp>Failing to diversify your retirement investments can increase financial risk, as over-reliance on a single asset class makes your savings vulnerable to market fluctuations. Including options like the \u003Ca href=\\\"https://www.shriramlife.com/life-insurance/saral-pension\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Saral Pension Plan\u003C/span>\u003C/a> (UIN: \u003Cspan>128N092V01\u003C/span>) in your portfolio adds stability through guaranteed returns, helping manage risk and ensure steady income in retirement.\u003C/p>\u003Ch2>\u003Cspan>\u003Cstrong>Conclusion\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>A successful retirement doesn’t just happen. It results from thoughtful planning and avoiding preventable mistakes. \u003C/p>\u003Cp>Here's a quick recap of the major pitfalls to steer clear of:\u003C/p>\u003Cul>\u003Cli>Start saving early to benefit from compounding.\u003C/li>\u003Cli>Account for inflation to preserve your buying power.\u003C/li>\u003Cli>Diversify your portfolio to reduce risks.\u003C/li>\u003Cli>Maintain an emergency fund to handle surprises.\u003C/li>\u003Cli>Plan for rising healthcare costs through dedicated insurance.\u003C/li>\u003Cli>Leverage annuities for guaranteed lifelong income.\u003C/li>\u003Cli>Review your strategy regularly to stay aligned with your goals.\u003C/li>\u003C/ul>\u003Cp>\u003Cspan>Comprehensive solutions from \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Insurance\u003C/span>\u003C/a>\u003Cspan> provide practical ways to build a secure, well-rounded \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/retirement-plan\\\" target=\\\"_blank\\\">\u003Cspan>retirement plans\u003C/span>\u003C/a>\u003Cspan>.\u003C/span>\u003C/p>\",\"category\":\"/blog/advice\"},{\"title\":\"Tips for Choosing the Best Savings Plan for Your Needs\",\"heading\":\"How to Choose Savings Plan for your Needs\",\"short_description\":\"\u003Cp>\u003Cspan>The Indian financial market provides numerous investment options to achieve short-term and long-term financial goals.\u003C/span>\u003C/p>\",\"tile_image\":[{\"media_img\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-04/tips-for-choosing-the-best-savings-plan-for-your-needs_0.jpg?VersionId=aZSEe8_FEm9XIdUwgn8ahpTBBlLtlJaD\",\"alt\":\"Best savings plan for your needs\"},\"media_svg\":null,\"media_svg_alt\":\"\",\"media_document\":null}],\"posted_on\":\"2025-04-08T04:56:28\",\"updated_on\":\"2025-04-08T04:56:33\",\"read_more_title\":\"Know More\",\"slug\":\"/how-to-choose-savings-plan-for-your-needs\",\"field_bl_tag\":\"\u003Ca href=\\\"/blog/guides/recent\\\" hreflang=\\\"en\\\">Recent\u003C/a>, \u003Ca href=\\\"/blog/guides/savings\\\" hreflang=\\\"en\\\">Savings\u003C/a>\",\"description\":\"\u003Cp>\u003Cspan>The Indian financial market provides numerous investment options to achieve short-term and long-term financial goals. This blog shares practical tips to help people choose the right Investment Plan without getting overwhelmed or confused. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>Choosing the right investment or Savings Plans is crucial because it ensures all your short and long-term financial goals are met efficiently and securely. When you align your investment choices with your desired time horizon, risk tolerance, investment objective, etc., you effortlessly maximise returns while managing risk. \u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Understanding Your Financial Goals\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Short-Term Vs. Long-Term Goals\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>You should clearly distinguish between your short-term and long-term goals before making investment choices because each requires a different strategy and financial product. Short-term goals generally cover financial objectives people aim to achieve within one to five years, such as planning for a vacation, building an emergency fund, saving for a wedding, etc. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>Since these goals require money in a relatively shorter timeframe, investing in saving instruments with high liquidity and capital safety is ideal. Short-term fixed deposits, recurring deposits, etc., are better investment choices for short-term goals. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>On the other hand, long-term goals have a time horizon exceeding five years and include saving for a child’s higher education, buying a house, building a retirement fund, etc. The longer duration enables people to benefit from the power of compounding and balance the risk from market volatility. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>If you’re investing to fulfil long-term goals, your ideal investment choices can be market-linked plans, such as \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/golden-jubilee-plan\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Golden Jubilee Plan\u003C/span>\u003C/a>\u003Cspan> (UIN 128L095V01). This plan provides dual benefits of investment and Protection Plans. It also provides a partial withdrawal facility, switching between funds, tax benefits, and more. \u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Setting Clear Objectives\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>You can only find the suitable Savings Plan for your needs with clear objectives. If you’re still unsure about your goals, assess your current financial situation, risk profile, and desired returns within a defined time horizon. These details will help you make the right investment choices. \u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Evaluating Different Savings Plan Options\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Traditional Savings Accounts\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>These are the most common financial products in India. They provide a safe place to save money while giving easy access to funds and liquidity. While these accounts are ideal for people with a low-risk tolerance because of capital preservation, security, and high liquidity, their biggest drawback is low interest rates. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>They may not be the suitable choice if your financial strategy prioritises long-term wealth accumulation. \u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Life Insurance Savings Plans\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>These hybrid financial products combine life insurance coverage with systematic wealth accumulation. You can include these plans in your financial strategy if you want guaranteed returns after a particular period. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>The \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/assured-income-plan\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan> (UIN: 128N053V05) is one such plan that provides combined benefits of Savings Plans, Retirement Plans, and Child Plans. Since the plan provides guaranteed returns, people with a low-risk tolerance can use it to achieve their short and mid-term financial goals. \u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>High-Yield Savings Accounts\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>A high-yield savings account provides comparatively higher interest rates on savings than a traditional savings account. You must consider high-yield savings accounts to accumulate funds in a low-risk, highly liquid instrument while earning a better return on investment.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Assessing Your Risk Tolerance\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Low-Risk Vs. High-Risk Options\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Low-risk investment choices are designed to preserve capital and generate predictable returns, making them ideal for low-risk profile investors or those investing to meet short-term financial goals. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>National Savings Certificates (NSC), Fixed Deposits (FDs), Senior Citizen Savings Scheme (SCSS), and Life Insurance saving plans with guaranteed returns are some low-risk options. They’re secure and highly liquid but yield lower returns. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>High-risk options, such as market-linked plans, are preferred investment choices for people with moderate to high-risk tolerance who prioritise long-term wealth generation. Consider investing in options like the \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/wealth-pro\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Wealth Pro Plan\u003C/span>\u003C/a>\u003Cspan> (UIN: 128L096V01) if you want to earn a significantly higher return on investment and are ready to take high risks. \u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Balancing Risk and Reward\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Your financial strategy should be based on a balanced approach between risk and reward. Explore low-risk options if you have limited income and rely entirely on your earnings and savings to meet living expenses. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>People with additional disposable income who can absorb potential losses without disrupting their financial stability can consider high-risk options. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>Diversifying your investment choices is recommended for balancing risk and reward. Spreading your investment choices across different asset classes and risk categories can help you maximise return on investments without overly exposing yourself to market risks and volatility. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan>\u003Cstrong>Considering Tax Benefits\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cstrong>Tax-Advantaged Savings Plans\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Different Savings Plans have different tax benefits, so you should explore tax implications relevant to your chosen investments. For example, your investments in Equity Linked Savings Schemes (ELSS), Life Insurance premiums, etc., can be claimed as eligible deductions u/s 80C to lower your taxable income and liability up to a maximum of ₹1,50,000/annum. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>Your interest earnings on traditional saving accounts can be claimed as a deduction u/s 80TTA, up to a maximum of ₹10,000/annum. Explore relevant tax-saving guidelines for optimal savings.\u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Maximising Tax Savings\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>The best way to maximise your tax savings is to utilise contribution limits under various sections, such as 80C, 10(10D), 80CCD(1B), 80CCC, etc. If you’re overwhelmed with the deductions and sections, consider consulting a certified tax professional for personalised guidance.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Seeking Professional Advice\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Working with Financial Advisors\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Consulting financial advisors is the best way to maximise your return on investments by finding the best Savings Plan and other investments aligned with your financial goals, risk-taking capacity, and desired returns.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>They’re well-informed of the latest taxation guidelines, market conditions, available investment options, etc., so they can create a better financial roadmap to help you achieve all your financial goals.\u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Customising Your Savings Plan\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Everyone has widely different financial circumstances and aspirations. Professional advice from certified tax planners or financial experts can help you create a customised financial strategy that matches your short and long-term financial goals and risk tolerance.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Conclusion\u003C/strong>\u003C/h2>\u003Cp>\u003Cspan>Choosing the right Savings Plans and other investments requires clearly defined financial goals, risk tolerance, and priorities. It can assist you to make informed investment choices that fulfil all your financial goals while respecting your risk profile.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>You can explore \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/savings-plan\\\" target=\\\"_blank\\\">\u003Cspan>Savings Plans\u003C/span>\u003C/a>\u003Cspan> and other \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/investment-plan\\\" target=\\\"_blank\\\">\u003Cspan>Investment Plans\u003C/span>\u003C/a>\u003Cspan> at \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Insurance\u003C/span>\u003C/a>\u003Cspan>, one of India’s most trusted insurance providers, to find the suitable financial product for your needs. We also provide various \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/retirement-plan\\\" target=\\\"_blank\\\">\u003Cspan>Retirement Plans\u003C/span>\u003C/a>\u003Cspan>, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/child-plan\\\" target=\\\"_blank\\\">\u003Cspan>Child Plans\u003C/span>\u003C/a>\u003Cspan>, and \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/protection-plan\\\" target=\\\"_blank\\\">\u003Cspan>Protection Plans\u003C/span>\u003C/a>\u003Cspan> to help achieve various financial aspirations.\u003C/span>\u003C/p>\",\"category\":\"/blog/advice\"},{\"title\":\"The Benefits of Long-Term Savings Plans for Future Planning\",\"heading\":\"Benefits of Long-Term Savings Plans\",\"short_description\":\"\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Life’s uncertainties make individuals prioritise future planning to achieve financial stability for a comfortab\u003C/span>\u003C/p>\",\"tile_image\":[{\"media_img\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-04/the-benefits-of-long-term-savings-plans-for-future-planning_0.jpg?VersionId=NlSs.Z8MUghx_7MxrJ064oPeZKpOePfc\",\"alt\":\"Savings Plans for Future Planning\"},\"media_svg\":null,\"media_svg_alt\":\"\",\"media_document\":null}],\"posted_on\":\"2025-04-07T06:42:44\",\"updated_on\":\"2025-04-07T06:42:50\",\"read_more_title\":\"Know More\",\"slug\":\"/benefits-of-long-term-savings-plans\",\"field_bl_tag\":\"\u003Ca href=\\\"/blog/guides/recent\\\" hreflang=\\\"en\\\">Recent\u003C/a>, \u003Ca href=\\\"/blog/guides/savings\\\" hreflang=\\\"en\\\">Savings\u003C/a>\",\"description\":\"\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Life’s uncertainties make individuals prioritise future planning to achieve financial stability for a comfortable living. This blog focuses on discussing the importance of investing in the right Savings Plans early to achieve your long-term financial goals effortlessly.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Whether you want to save money to fund your child’s higher education after eight to ten years or build a significant retirement fund to enjoy your golden years after a decade, investing in the right long-term savings options can help you fulfil all your desires.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Understanding Long-Term Savings Plans\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Definition and Purpose\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">A long-term \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/savings-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Savings Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> is a financial product designed to help people with systematic wealth accumulation over an extended period. These plans are available in various forms, such as government-backed instruments, market-linked investment plans, Life Insurance plans with savings components, etc.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Their primary purpose is to develop financial discipline through consistent savings while providing capital appreciation benefits or guaranteed returns over time.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Core Advantages\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Including long-term Savings Plans in your investment strategy can have numerous advantages. The biggest advantage is enjoying the benefits of compounding interest. It’s a principle wherein your earned interest on investments is reinvested over time for additional returns, generating considerable money.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">If you remain consistent with your investments, it can develop strong financial discipline for long-term economic well-being. You can also enjoy tax advantages by deducting eligible investments from gross total income for reduced taxable income and liability.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Benefits of Long-Term Savings Plans\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Building Wealth Over Time\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">If one of your biggest long-term financial goals is significant wealth accumulation, you must start investing early in the right Savings Plans. The extended investment period lets your capital grow over time using the power of compounding interest. It also balances the impact of short-term market volatility, facilitating gradual fund accumulation to meet diverse goals.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">You can explore the \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/new-shri-vidya-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life New Shri Vidya Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128N051V03) if you’re looking for a low-risk Savings Plan to secure your child’s future. This Savings Plan combines the benefits of the best Child Plans, allowing you to enjoy dual benefits.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Besides supporting long-term savings creation, this plan also provides regular money-backs and additional bonuses for better returns.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Security for Retirement\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Many individuals include long-term savings and Investment Plans in their retirement planning because they help build a large enough fund to support the desired lifestyle during retirement.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">While the National Pension System (NPS), regular pension funds, annuity plans, etc., are common options to achieve financial stability in retirement, you can also explore more rewarding options, such as the \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/early-cash-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Early Cash Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128N093V02).\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">This non-linked participating plan combines multiple benefits of Savings, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/child-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Child\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, and Retirement Plans. Besides providing a capital guarantee, it also gives a cash bonus guarantee, compounding interest benefits, life cover, guaranteed income from 1st policy anniversary, and more, creating strong financial stability for golden years.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Tax Efficiency\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Including the right Savings Plans in your investment strategy can earn you immediate economic benefits through tax advantages. You can deduct eligible investments u/s 80C and other relevant sections to lower your taxable income and overall tax liability.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Maturity proceeds from particular plans, such as the \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/assured-savings-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Assured Savings Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN 128N089V04) can also get you tax benefits u/s 10(10D). If you’re overwhelmed with the tax-saving sections and guidelines, consider consulting a reliable tax professional for personalised guidance.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>The Power of Compounding Interest\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>How Compounding Works\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Compounding interest is a powerful financial principle wherein the returns earned on your investment is reinvested to generate their own earnings. Unlike simple interest, which calculates returns on the principal amount, compounding lets interest accumulate on both the initial investment and the interest already earned.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">It leads to significant wealth accumulation over time. You can benefit more from compounding interest when investing in long-term savings options because the extended period provides adequate time for the interest to be reinvested for significant earnings.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Maximising Compounding Benefits\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">The easiest way to maximise compounding benefits is to start early. It lets the invested amount grow steadily over a period, earning substantial returns. Even small amounts invested consistently for an extended period can give significant results.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">If you have adequate income to maintain your lifestyle expenses, consider reinvesting the returns for optimal compounding benefits.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Developing a Long-Term Savings Strategy\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Setting Clear Financial Goals\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Thoughtful future planning is built on SMART financial goals, i.e., goals that are specific, measurable, achievable, relevant, and time- bound. These goals can be used as a roadmap to remain focused and disciplined over extended periods to achieve the desired economic aspirations.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">If you don’t have any clearly defined financial goals, start by identifying how much amount you’ll need after a particular period to achieve a specific desire, such as funding a child’s higher education, buying a house, saving enough for retirement, etc.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Then, adjust the amount according to standard inflation for the set timeframe to get a reasonable figure. Consult a professional financial expert for personalised guidance if you’re feeling overwhelmed.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Consistent Contributions\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Consistent contributions are one of the most crucial steps in achieving financial stability with long-term savings, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/investment-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">investment\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, or Protection Plans. It’s especially true for Life Insurance plans with savings elements because consistent payments will keep the policy active, so you can enjoy its maturity benefits without hassle.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Consistent contributions in other investments will benefit you through the power of compounding interest, so remain disciplined with your contributions.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Conclusion\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Long-term Savings Plans aren’t ordinary financial instruments but a way to achieve financial stability in the future. Since the market provides different types of Savings Plans, you can choose the right option based on your specific financial goals to fulfil them in the desired time horizon.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">If you’re searching for the best long-term Savings Plans or Investment Plans for wealth accumulation or another goal, explore the wide range of options available at \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Insurance\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">We’re one of India’s leading and most trusted insurers, providing a diverse range of Life Insurance plans, such as Savings Plans, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/protection-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Protection Plans\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/retirement-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Retirement Plans\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, etc., to help people achieve their particular financial goals.\u003C/span>\u003C/p>\",\"category\":\"/blog/advice\"},{\"title\":\"Understanding the Tax Benefits of Savings Plans\",\"heading\":\"Understanding the Tax Benefits of Savings Plans\",\"short_description\":\"\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Many people invest for long-term financial security, but they often overlook a crucial aspect that influences t\u003C/span>\u003C/p>\",\"tile_image\":[{\"media_img\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-04/understanding-the-tax-benefits-of-savings-plans_0.jpg?VersionId=wiZhYoQt33KslELTrmlCZ5Ow5xOgTP5U\",\"alt\":\"understanding tax benefits of savings\"},\"media_svg\":null,\"media_svg_alt\":\"\",\"media_document\":null}],\"posted_on\":\"2025-04-04T10:37:37\",\"updated_on\":\"2025-04-04T10:37:43\",\"read_more_title\":\"Know More\",\"slug\":\"/understanding-tax-benefits-of-savings-plans\",\"field_bl_tag\":\"\u003Ca href=\\\"/blog/guides/recent\\\" hreflang=\\\"en\\\">Recent\u003C/a>, \u003Ca href=\\\"/blog/guides/savings\\\" hreflang=\\\"en\\\">Savings\u003C/a>\",\"description\":\"\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Many people invest for long-term financial security, but they often overlook a crucial aspect that influences their investment returns – tax implications. Hence, this blog discusses the tax benefits of Savings Plans so you can strategically plan your investments for maximum tax-saving benefits. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Being aware of tax implications can prevent you from overlooking or under-utilising the tax benefits provided under the Income Tax Act, enabling you to accumulate more tax-free savings. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Overview of Tax Benefits\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Types of Tax Benefits\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">If you’re investing in Savings Plans in India, you can primarily enjoy two types of tax benefits: deduction and exemption benefits. Deduction tax benefits enable individuals to deduct a portion of their investment amount from their gross total income, lowering their taxable income and tax liability.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Individuals with investments in Life Insurance plans such as \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/assured-savings-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Assured Savings Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN 128N089V04) can deduct premium payments u/s 80C, up to a maximum ₹1,50,000, as deduction benefits. Investments made in other Savings Plans, like the Public Provident Fund (PPF), Equity Linked Savings Scheme, etc., can also be claimed for deduction benefits.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Exemption tax benefits apply to the returns generated from Savings Plans. The returns from some investments can be tax-exempt u/s 10(10D) , subject to certain terms and conditions. Claiming both deductions requires strategic tax planning, so plan your investments wisely.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Importance of Tax Benefits\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">When choosing a \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/savings-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Savings Plans\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> or \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/investment-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Investment Plans\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, always evaluate its associated tax implications as they will directly impact the net returns. It can help lower your immediate tax burden, freeing up more income for additional savings or investments.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Tax-exempt returns on maturity will ensure that the wealth generated through investments isn’t eroded by future tax liabilities. If you’re unable to choose the right plans for optimal tax credits and investment tax benefits, consult a reliable tax professional.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Common Tax-Advantages Savings Plans\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Individual Retirement Accounts (IRAs)\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Individual Retirement Accounts (IRAs) are tax-advantaged accounts that help people save for retirement. Contributions to these tax-advantaged accounts often qualify for tax deductions and the investments grow tax-deferred until withdrawal.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">In India, investments in National Pension System (NPS), Employee Provident Fund (EPF), Public Provident Fund (PPF), etc., provide comparable tax benefits u/s 80C, 80CCC, 80CCD(1), 80CCD(1B), etc., and retirement savings.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Health Savings Accounts (HSAs)\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Health Savings Accounts (HSAs) are tax-advantaged accounts created especially for medical savings. In India, you can find health insurance policies with tax-saving components similar to HSAs. They provide varying tax deduction benefits u/s 80D, based on the dependents included in the policy. It can significantly lower your taxable income and liability.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Maximising Tax Benefits with Savings Plans\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Contribution Limits\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">You must understand contribution limits to get maximum investment tax benefits and tax-free savings. Since different tax-advantaged accounts, such as Savings Plans, Retirement Plans, Child Plans, etc., provide tax deductions under different sections, knowing the maximum deduction limits can help optimize tax savings.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">For example, investors can claim a maximum deduction of ₹1,50,000 u/s 80C for their investments in Unit Linked Insurance Plans (ULIPs) like \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/wealth-pro\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Wealth Pro Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128L096V01), tax-saving Fixed Deposits (FDs), National Savings Certificate, etc., so ensure you don’t concentrate all your contributions in one area to prevent under utilising potential returns.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Explore different investment options that qualify for tax deductions under different sections for maximum tax-free savings.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Tax-Free Growth\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Some plans let investments grow without attracting taxes at accumulation or withdrawal. In India, certain plans, such as the Public Provident Fund (PPF), Employee Provident Fund (EPF), etc., provide similar tax-free growth benefits. Some Unit Linked Insurance Plans (ULIPs) like the \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/fortune-builder\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Fortune Builder\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128L038V03) also provide tax-free growth on market-linked earnings until withdrawal. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Strategies for Effective Tax Planning\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Regular Review and Adjustments\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Whether you’re creating your financial planning or tax planning strategy for the current year, you should remember to review it routinely for timely adjustments. Since tax laws, contribution limits, eligible deductions, etc., may change at any time, it’s crucial to review your strategies timely so they’re aligned with the existing regulations.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Regular review and adjustments will ensure minimal or no missed opportunities for maximising tax benefits.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Consulting a Tax Professional\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">While self-directed tax planning strategies can be beneficial, staying informed of all the latest regulations, investment options, market conditions, etc., can be overwhelming for most individuals.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">If you lack the relevant information and expertise to create highly efficient tax-saving plans, we recommend consulting a tax professional for personalised guidance. Besides saving your time and mental energy, professional tax consultation will also facilitate saving maximum taxes on your investment returns.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Conclusion\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Investing in Savings Plans alone isn’t enough to achieve financial security; you must also be aware of the associated tax implications to receive maximum returns and fulfil long-term financial goals. Since different plans have different tax implications, we recommend checking the available tax benefits for your chosen investments and planning accordingly.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">You can explore multiple Savings Plans at \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Insurance\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, one of India’s most trusted insurance providers, as they’re designed to help policyholders accomplish their financial goals while enjoying tax savings. Besides Savings Plans, we also provide numerous \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/protection-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Protection Plans\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/child-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Child Plans\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, Investment Plans, etc., that effortlessly align with most individuals’ financial goals.\u003C/span>\u003C/p>\",\"category\":\"/blog/advice\"},{\"title\":\"How to Effectively Manage and Monitor Your Savings Plan\",\"heading\":\"Proven Tips to Manage and Monitor Your Savings Plan\",\"short_description\":\"\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Investing in the right Savings Plan can set you up for financial success, but simply investing isn’t enough.\u003C/span>\u003C/p>\",\"tile_image\":[{\"media_img\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-04/how-to-effectively-manage-and-monitor-your-savings-plan_0.jpg?VersionId=HCc1520g4YUwH2bJ0C8IFcHznF0MBEMm\",\"alt\":\"Monitoring savings plans\"},\"media_svg\":null,\"media_svg_alt\":\"\",\"media_document\":null}],\"posted_on\":\"2025-04-03T05:48:39\",\"updated_on\":\"2025-04-03T05:48:45\",\"read_more_title\":\"Know More\",\"slug\":\"/tips-to-manage-and-monitor-savings-plan\",\"field_bl_tag\":\"\u003Ca href=\\\"/blog/guides/recent\\\" hreflang=\\\"en\\\">Recent\u003C/a>, \u003Ca href=\\\"/blog/guides/savings\\\" hreflang=\\\"en\\\">Savings\u003C/a>\",\"description\":\"\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Investing in the right Savings Plan can set you up for financial success, but simply investing isn’t enough. You must actively manage and monitor your Savings Plans to get the desired benefits. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">This blog will guide you through the best practices of effectively managing and monitoring your Savings Plans so you always stay in control and build lasting financial success. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Setting Up Your Savings Plan\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Defining Financial Goals\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Start your financial planning phase by identifying what you are saving for and why. It will ensure you find the right Savings Plans for your portfolio. We recommend setting specific, realistic, and measurable financial goals as they will prevent unwanted frustration or financial strain. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">If you feel overwhelmed with this process, consider consulting a professional financial expert for personalised guidance. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Choosing the Right Savings Strategy\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Once you’ve identified your specific financial goals, explore a savings strategy that aligns with them. We believe there is never a one-size-fits-all approach, so always choose a savings strategy based on the nature of your goals, risk tolerance, and investment horizon.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">For instance, fixed deposits, recurring deposits, and high-interest savings accounts are ideal for accomplishing short-term financial goals. They provide safety and guaranteed returns to people with a low-risk profile. \u003C/span>\u003C/p>\u003Cp>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/assured-income-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN\\\" lang=\\\"EN\\\"> (UIN: 128N053V05)\u003C/span>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> is also a low-risk Savings Plan that helps policyholders accumulate wealth through systematic savings. Debt mutual funds, guaranteed Savings Plans by insurance companies, hybrid funds, etc., are better suited to fulfil medium-term goals. These instruments are recommended for people with a low to moderate risk profile. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Tools for Managing Your Savings Plan\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Budgeting Apps and Software\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Budgeting apps and software play a vital role in helping individuals organize their finances. You can use it to streamline your budget management and identify areas where money can be saved or redirected to achieve financial goals. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">While numerous tools exist in the market, you can explore options budgeting apps. They’re intuitive, easy to use, and loaded with features that can help you monitor savings, performance tracking, and more. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">If you have multiple investments in Savings or Investment Plans, these tools can give you a bird’s eye view of all the investments, expected return, etc., on a single platform, assisting you to make informed future financial budgets. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Automated Savings Tools\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Busy professionals love using automated savings tools as they simplify their savings processes. If you find managing multiple Savings or Child Plans investments difficult, consider exploring tools that automatically transfer a predetermined amount from your account at regular intervals.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Several banks and financial institutions provide automated savings tools, such as Standing Instructions (SI), Auto-Debit Mandates, etc., to automate fund transfers to your chosen accounts. This automated transfer supports consistent savings without worrying about missing important payments. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Monitoring the Performance of Your Savings Plan\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Regular Financial Reviews\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Since personal circumstances, financial priorities, and even the broader economic landscape can change over time, everyone should conduct frequent investment monitoring and review processes. These timely reviews will help you ensure that all your investments remain aligned with your changing financial needs and evolving goals. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Tracking Investment Performance\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Frequent investment monitoring and performance tracking are crucial for effective investment management, especially for market-linked plans. If you have mutual funds, Unit Linked Insurance Plans (ULIPs) like \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/wealth-pro\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Wealth Pro Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128L096V01), Equity-Linked Savings Scheme (ELSS), etc., in your savings portfolio, their performance will fluctuate based on market conditions.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Continuous monitoring and tracking will help ensure these investments yield returns in alignment with your expectations and risk tolerance. You can track the performance by evaluating key metrics, such as annualised returns, volatility, and benchmark comparisons of your investments. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">For instance, if you’ve invested in mutual funds, compare the fund’s performance against its category average or benchmark index to gauge relative performance. Those with ULIP investments can track the Net Asset Value (NAV) to assess how funds are performing in the market. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">The precise tracking method will depend on the investment product, so explore appropriate tracking methods. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Adjusting Your Savings Plan\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Adapting to Changing Financial Goals\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Your savings strategy should evolve with time to accommodate changes in your circumstances or financial priorities. What seemed essential five years ago may no longer remain relevant after a few years. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Regularly assessing Savings Plans and other investments like \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/protection-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Protection Plans\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> or \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/retirement-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Retirement Plans\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> can help you stay on track with your financial aspirations. To adapt to such changes, we encourage individuals to redefine their financial goals every six months or at least once a year. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">You can then evaluate whether the existing savings and investment allocations are sufficient to meet the revised goals. These inputs will help you make appropriate changes to achieve the new financial goals. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Responding to Market Changes\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Financial markets are inherently unpredictable. Hence, always respond proactively to protect your savings and optimise returns. Your response should always match with your investment type. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">For example, if you’ve invested in market-linked savings plans, your portfolio may become overexposed to underperforming stocks in declining equity markets. In such cases, you can rebalance the risk by shifting funds towards more stable asset classes, like debt instruments or fixed deposits. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Those with ULIP investments can use fund-switching options to respond to market dynamics. For instance, policyholders can shift to a low-risk debt fund during periods of high market uncertainty to minimise risk and move back to equity funds when the market stabilises. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">If you find it overwhelming, consider investing in a Savings Plan like \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/sunishchit-laabh\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Sunishchit Laabh\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, as it offers assured returns, regardless of market changes. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Conclusion\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Managing and monitoring your Savings Plans is an ongoing activity that demands constant attention and effort. While some people prefer to do it manually, using advanced budgeting tools and automated savings can streamline the process. You can use these tools for effortless financial planning. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">If you plan to invest in more Savings Plans to cater to your evolved financial needs, explore the wide range of \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/savings-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Savings Plans\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> at Shriram Life Insurance. We’re one of India’s leading insurance providers, offering a diverse range of retirement, investment, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/child-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">child\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, protection, and savings plans.\u003C/span>\u003C/p>\",\"category\":\"/blog/advice\"},{\"title\":\"How Savings Plans Can Provide Financial Security for Emergencies\",\"heading\":\"How Savings Plans Can Save You in Emergencies?\",\"short_description\":\"\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Emergencies can occur in any person’s life at any stage.\u003C/span>\u003C/p>\",\"tile_image\":[{\"media_img\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-04/how-savings-plans-can-provide-financial-security-for-emergencies_0.jpg?VersionId=e94c1riuO_CC2X.T8aAe9bz4CKjXPgBf\",\"alt\":\"Did Savings Plans Provide Financial Securities for Emergencies?\"},\"media_svg\":null,\"media_svg_alt\":\"\",\"media_document\":null}],\"posted_on\":\"2025-04-02T11:47:16\",\"updated_on\":\"2025-04-02T11:47:22\",\"read_more_title\":\"Know More\",\"slug\":\"/how-savings-plans-can-save-in-emergencies\",\"field_bl_tag\":\"\u003Ca href=\\\"/blog/guides/recent\\\" hreflang=\\\"en\\\">Recent\u003C/a>, \u003Ca href=\\\"/blog/guides/savings\\\" hreflang=\\\"en\\\">Savings\u003C/a>\",\"description\":\"\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Emergencies can occur in any person’s life at any stage. Hence, everyone should be prepared to handle these challenging situations. This blog discusses how individuals can use Savings Plans to build strong financial security for such times. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Investment in the right Savings Plans builds a financial cushion that protects you against financial setbacks from any emergency, such as job loss, major medical treatment, expensive home repairs, or any unavoidable expenses.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>The Role of Savings Plans in Financial Security\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>What Constitutes an Emergency Fund?\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">An emergency fund creation should be treated like a non-negotiable aspect of your financial planning journey. This dedicated reserve of money should be set aside to cover unexpected financial situations that demand immediate attention.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Financial experts generally recommend maintaining an emergency fund equivalent to six months of living expenses, but you can save more for enhanced safety and stability. This fund can reduce financial stress during emergencies by providing instant liquidity to meet essential expenses.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Savings Plans as a Safety Net\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Savings Plans help build emergency savings that can be accessed when emergencies arise. Since Savings Plans encourage disciplined and systematic contributions, you enjoy capital preservation and consistent growth through interest earnings or investment returns.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Many Savings Plans provide flexible withdrawal options or liquidity provisions so you can access funds when needed. This instant accessibility of funds creates a financial safety net that ensures peace of mind and prevents you from resorting to high-interest loans to manage emergencies.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Some options, like the \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/premier-assured-benefit-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Premier Assured Benefit Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128N094V04), also help you enjoy financial stability during emergencies by creating an additional income stream in the form of annual earnings. The plan provides multiple pay-out options so policyholders can effortlessly navigate economic challenges at every life stage.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Types of Savings Plans for Emergencies\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>High-Yield Savings Accounts\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">These specialised bank accounts provide comparatively higher interest rates than traditional savings accounts. High-yield savings accounts are ideal for building and maintaining emergency funds as they combine easy access to funds with the benefit of earning competitive returns on idle cash.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">These accounts are perfect if you have a low-risk profile and want to prioritise building liquid assets to handle financial emergencies effortlessly.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Money Market Accounts\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">People with moderate risk profiles may explore money market accounts as they have the potential to generate higher returns on initial savings or investments. You can explore options, such as treasury bills, certificates of deposits, commercial papers, or other short-term yet highly liquid financial instruments.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">The biggest benefit of using these accounts for building an emergency fund is the potential to create a substantial emergency reserve with the same amount of money, translating to more money for emergencies. If you prioritise wealth creation, complement your money market account purchases with market-linked \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/investment-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Investment Plans\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> or \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/retirement-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Retirement Plans\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Short-Term Fixed Deposits\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Short-term fixed deposits are another low-risk option that provides capital protection and steady growth to prepare you for emergencies. Unlike traditional fixed deposits, these deposits range from seven days to twelve months. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Since deposit holders have the facility to withdraw funds prematurely, this quick access savings amount can be used to tackle any emergency. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Advantages of Using Savings Plans for Emergencies\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Immediate Accessibility\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Financial emergencies demand quick action, so you must always invest in Savings Plans that provide immediate fund accessibility. Instant access to funds during emergencies ensures that the tough situation gets contained at the earliest, preventing further financial damage. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">You can choose Savings Plans like the \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/assured-income-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128N053V05), as it provides a regular income option after a particular period. This steady stream of additional income can be used to handle financial challenges during emergencies. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Maintaining Financial Stability\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Savings Plans provide a ready pool of funds during emergencies that can be instantly accessed to meet expenses without compromising one’s economic well-being. These funds ensure you continue managing your lifestyle and tackle the emergency using the saved funds without any hassle or stress. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Maximising the Efficiency of Emergency Savings\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Regular Contributions\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Consistent contributions to Savings Plans are essential for building dependable emergency savings. Regular contributions ensure your emergency fund grows steadily over time, keeping pace with the rising inflationary prices and potential future emergencies. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Diversifying Emergency Savings\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">While most Savings Plans are low-risk, people should not rely on only one type of plan. Diversifying your savings across different plans will give you multiple benefits, such as security, growth, and accessibility. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">It is the easiest way to reduce the risk of capital erosion due to inflation, ensuring your funds are not overly exposed to market fluctuations. For example, you may invest a portion of your funds in high-yield savings accounts for security and the balance in Savings Plans like \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/early-cash-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Early Cash Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128N093V02) for higher return potential to build a sizable emergency fund. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">You can explore other diversification options, such as Childs Plans or Protection Plans with built-in savings features for steady wealth accumulation. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Conclusion\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Investing in Savings Plans is the easiest and least risky way to build a safety net for financially challenging times. These disciplined and structured savings help create an emergency reserve that can be used to instantly access funds during emergencies. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Insurance, one of India’s leading insurance providers, provides a wide range of \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/savings-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Savings Plans\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> that can help you create emergency funds and achieve other financial goals. We also provide a wide range of Child Plans, Investment Plans, Retirement Plans, etc., to support diverse financial aspirations.\u003C/span>\u003C/p>\",\"category\":\"/blog/advice\"}],\"blog_count\":[{\"count\":163,\"counts\":163}],\"nothing\":\"all\",\"nothing_1\":317}]","__ɵnghData__":[{},{"t":{"0":"t4","2":"t5","3":"t6"},"c":{"0":[],"2":[{"i":"t6","r":4,"t":{"0":"t7","1":"t8","2":"t10"},"c":{"0":[],"1":[{"i":"t8","r":1,"t":{"2":"t9"},"c":{"2":[]}}],"2":[]}}],"3":[]},"n":{"2":"hfn"}},{"t":{"0":"t4","2":"t5","3":"t6"},"c":{"0":[],"2":[{"i":"t6","r":7,"t":{"0":"t7","1":"t8","2":"t10"},"c":{"0":[],"1":[],"2":[{"i":"t10","r":4,"e":{"0":3},"t":{"1":"t14","2":"t15"},"c":{"1":[],"2":[{"i":"t15","r":1}]}}]}}],"3":[]},"n":{"2":"hfn"}},{"t":{"0":"t4","2":"t5","3":"t6"},"c":{"0":[{"i":"t6","r":7,"t":{"0":"t7","1":"t8","2":"t10"},"c":{"0":[],"1":[],"2":[{"i":"t10","r":4,"e":{"0":3},"t":{"1":"t14","2":"t15"},"c":{"1":[],"2":[{"i":"t15","r":1}]}}]}}],"2":[],"3":[]},"n":{"2":"hfn11"}},{"t":{"4":"t67","5":"t68"},"c":{"4":[{"i":"t67","r":1}],"5":[{"i":"t68","r":4,"e":{"0":3},"t":{"1":"t69","2":"t72"},"c":{"1":[{"i":"t69","r":1,"t":{"1":"t70","2":"t71"},"c":{"1":[],"2":[{"i":"t71","r":1}]}}],"2":[]}},{"i":"t68","r":4,"e":{"0":3},"t":{"1":"t69","2":"t72"},"c":{"1":[],"2":[{"i":"t72","r":1}]}}]}},{"t":{"5":"t201"},"c":{"5":[{"i":"t201","r":1}]}},{"t":{"5":"t76"},"c":{"5":[{"i":"t76","r":3,"e":{"0":2},"t":{"1":"t77","2":"t78"},"c":{"1":[],"2":[]}}]}},{"t":{"4":"t454","5":"t456","6":"t462"},"c":{"4":[{"i":"t454","r":1,"t":{"1":"t455"},"c":{"1":[{"i":"t455","r":1}]},"x":8}],"5":[{"i":"t456","r":3,"e":{"0":2},"t":{"1":"t457"},"c":{"1":[{"i":"t457","r":1,"n":{"14":"13f5"},"t":{"14":"t458"},"c":{"14":[{"i":"t458","r":1,"t":{"1":"t459"},"c":{"1":[{"i":"t459","r":1,"t":{"1":"t460","2":"t461"},"c":{"1":[{"i":"t460","r":1}],"2":[{"i":"t461","r":1}]},"x":8}]}}]}}]}}],"6":[{"i":"t462","r":1,"t":{"1":"t463"},"c":{"1":[]}}]}},{"t":{"0":"t215"},"c":{"0":[]}},{"t":{"5":"t464","6":"t475"},"c":{"5":[{"i":"t464","r":2,"e":{"0":1},"t":{"3":"t465","5":"t466","6":"t474"},"c":{"3":[],"5":[{"i":"t466","r":1,"t":{"1":"t467"},"c":{"1":[{"i":"t467","r":1,"t":{"1":"t468","5":"t469","6":"t470","9":"t471","10":"t472","11":"t473"},"c":{"1":[{"i":"t468","r":1}],"5":[{"i":"t469","r":1}],"6":[{"i":"t470","r":1}],"9":[{"i":"t471","r":1}],"10":[{"i":"t472","r":1}],"11":[{"i":"t473","r":1}]}}]},"x":9}],"6":[]}}],"6":[]}},{"t":{"9":"t428","10":"t429","11":"t430","12":"t431","13":"t432"},"c":{"9":[],"10":[],"11":[{"i":"t430","r":2,"e":{"0":1},"x":2}],"12":[{"i":"t431","r":1}],"13":[]}},{"t":{"0":"t452","3":"t453","6":"t476"},"c":{"0":[{"i":"t452","r":1}],"3":[{"i":"t453","r":1}],"6":[{"i":"t476","r":1}]}},{"t":{"0":"t52"},"c":{"0":[{"i":"t52","r":1,"t":{"2":"t53"},"c":{"2":[{"i":"t53","r":1,"t":{"4":"t54"},"c":{"4":[{"i":"t54","r":1}]}}]}}]}},{"t":{"0":"t0","15":"t1","20":"t17","21":"t45","26":"t51","29":"t55","30":"t56","34":"t57","35":"t58","36":"t61","41":"t64","42":"t65"},"c":{"0":[{"i":"t0","r":1}],"15":[{"i":"t1","r":1,"t":{"1":"t2","15":"t16"},"c":{"1":[{"i":"t2","r":1,"t":{"1":"t3","2":"t11","3":"t12","4":"t13"},"c":{"1":[{"i":"t3","r":1}],"2":[],"3":[],"4":[]},"x":3},{"i":"t2","r":1,"t":{"1":"t3","2":"t11","3":"t12","4":"t13"},"c":{"1":[],"2":[{"i":"t11","r":1}],"3":[],"4":[]}},{"i":"t2","r":1,"t":{"1":"t3","2":"t11","3":"t12","4":"t13"},"c":{"1":[],"2":[],"3":[{"i":"t12","r":1}],"4":[]}},{"i":"t2","r":1,"t":{"1":"t3","2":"t11","3":"t12","4":"t13"},"c":{"1":[],"2":[],"3":[],"4":[{"i":"t13","r":1}]}}],"15":[]}}],"20":[{"i":"t17","r":1,"t":{"2":"t18"},"c":{"2":[{"i":"t18","r":1,"t":{"4":"t19","5":"t25","6":"t26","7":"t27","8":"t28","9":"t29","10":"t30"},"c":{"4":[{"i":"t19","r":1,"t":{"2":"t20"},"c":{"2":[{"i":"t20","r":1,"t":{"2":"t21"},"c":{"2":[{"i":"t21","r":1,"n":{"2":"0fn8"},"t":{"4":"t22"},"c":{"4":[{"i":"t22","r":1,"t":{"1":"t23","2":"t24"},"c":{"1":[{"i":"t23","r":1,"x":8}],"2":[]}}]}},{"i":"t21","r":1,"n":{"2":"0fn8"},"t":{"4":"t22"},"c":{"4":[{"i":"t22","r":1,"t":{"1":"t23","2":"t24"},"c":{"1":[{"i":"t23","r":1,"x":6}],"2":[]}}]}},{"i":"t21","r":1,"n":{"2":"0fn8"},"t":{"4":"t22"},"c":{"4":[{"i":"t22","r":1,"t":{"1":"t23","2":"t24"},"c":{"1":[{"i":"t23","r":1,"x":3}],"2":[]}}]}},{"i":"t21","r":1,"n":{"2":"0fn8"},"t":{"4":"t22"},"c":{"4":[{"i":"t22","r":1,"t":{"1":"t23","2":"t24"},"c":{"1":[{"i":"t23","r":1,"x":4}],"2":[]}}]}},{"i":"t21","r":1,"n":{"2":"0fn8"},"t":{"4":"t22"},"c":{"4":[{"i":"t22","r":1,"t":{"1":"t23","2":"t24"},"c":{"1":[{"i":"t23","r":1,"x":10}],"2":[]}}]}},{"i":"t21","r":1,"n":{"2":"0fn8"},"t":{"4":"t22"},"c":{"4":[{"i":"t22","r":1,"t":{"1":"t23","2":"t24"},"c":{"1":[{"i":"t23","r":1,"x":2}],"2":[]}}]}},{"i":"t21","r":1,"n":{"2":"0fn8"},"t":{"4":"t22"},"c":{"4":[{"i":"t22","r":1,"t":{"1":"t23","2":"t24"},"c":{"1":[{"i":"t23","r":1}],"2":[]}}]}},{"i":"t21","r":1,"n":{"2":"0fn8"},"t":{"4":"t22"},"c":{"4":[{"i":"t22","r":1,"t":{"1":"t23","2":"t24"},"c":{"1":[{"i":"t23","r":1,"x":4}],"2":[]}}]},"x":2},{"i":"t21","r":1,"n":{"2":"0fn8"},"t":{"4":"t22"},"c":{"4":[{"i":"t22","r":1,"t":{"1":"t23","2":"t24"},"c":{"1":[{"i":"t23","r":1,"x":3}],"2":[]}}]}}]}}]}}],"5":[],"6":[],"7":[],"8":[],"9":[],"10":[]}},{"i":"t18","r":1,"t":{"4":"t19","5":"t25","6":"t26","7":"t27","8":"t28","9":"t29","10":"t30"},"c":{"4":[],"5":[],"6":[{"i":"t26","r":1,"t":{"5":"t31","6":"t33"},"c":{"5":[{"i":"t31","r":1,"t":{"1":"t32"},"c":{"1":[{"i":"t32","r":1,"x":9}]}}],"6":[{"i":"t33","r":1,"t":{"3":"t34"},"c":{"3":[{"i":"t34","r":1,"t":{"1":"t35"},"c":{"1":[{"i":"t35","r":1,"x":6}]}}]}}]}}],"7":[],"8":[],"9":[],"10":[]}},{"i":"t18","r":1,"t":{"4":"t19","5":"t25","6":"t26","7":"t27","8":"t28","9":"t29","10":"t30"},"c":{"4":[],"5":[],"6":[],"7":[{"i":"t27","r":1,"t":{"3":"t36","5":"t38"},"c":{"3":[{"i":"t36","r":1,"t":{"1":"t37"},"c":{"1":[{"i":"t37","r":1,"x":10}]}}],"5":[{"i":"t38","r":1,"t":{"1":"t39"},"c":{"1":[{"i":"t39","r":1,"x":8}]}}]}}],"8":[],"9":[],"10":[]}},{"i":"t18","r":1,"t":{"4":"t19","5":"t25","6":"t26","7":"t27","8":"t28","9":"t29","10":"t30"},"c":{"4":[],"5":[],"6":[],"7":[],"8":[{"i":"t28","r":1,"t":{"2":"t40"},"c":{"2":[{"i":"t40","r":1,"x":2}]}}],"9":[],"10":[]}},{"i":"t18","r":1,"t":{"4":"t19","5":"t25","6":"t26","7":"t27","8":"t28","9":"t29","10":"t30"},"c":{"4":[],"5":[],"6":[],"7":[],"8":[],"9":[{"i":"t29","r":1,"t":{"2":"t41"},"c":{"2":[{"i":"t41","r":1,"x":5}]}}],"10":[]}},{"i":"t18","r":1,"t":{"4":"t19","5":"t25","6":"t26","7":"t27","8":"t28","9":"t29","10":"t30"},"c":{"4":[],"5":[],"6":[],"7":[],"8":[],"9":[],"10":[{"i":"t30","r":1,"t":{"4":"t42","7":"t44"},"c":{"4":[{"i":"t42","r":1,"t":{"3":"t43"},"c":{"3":[{"i":"t43","r":1,"x":3}]}}],"7":[{"i":"t44","r":1,"x":5}]}}]}}]}}],"21":[{"i":"t45","r":1,"t":{"1":"t46"},"c":{"1":[{"i":"t46","r":1,"t":{"2":"t47","3":"t48","4":"t49"},"c":{"2":[{"i":"t47","r":1}],"3":[],"4":[]},"x":3},{"i":"t46","r":1,"t":{"2":"t47","3":"t48","4":"t49"},"c":{"2":[],"3":[{"i":"t48","r":1}],"4":[]}},{"i":"t46","r":1,"t":{"2":"t47","3":"t48","4":"t49"},"c":{"2":[],"3":[],"4":[{"i":"t49","r":1}]}},{"i":"t46","r":1,"t":{"2":"t47","3":"t48","4":"t49"},"c":{"2":[],"3":[],"4":[]}}]}}],"25":[{"i":"c461758535","r":1}],"26":[{"i":"t51","r":1}],"29":[],"30":[],"34":[{"i":"t57","r":1,"x":2}],"35":[{"i":"t58","r":1,"t":{"3":"t59"},"c":{"3":[{"i":"t59","r":1,"t":{"1":"t60"},"c":{"1":[{"i":"t60","r":1,"x":5}]}}]}}],"36":[{"i":"t61","r":1,"t":{"4":"t62"},"c":{"4":[{"i":"t62","r":1,"t":{"3":"t63"},"c":{"3":[{"i":"t63","r":1}]}}]}}],"41":[{"i":"t64","r":1}],"42":[]}}]}