Shriram Life Assured Income Plan

Earn assured income with Shriram Life Assured Income Plan

Earn assured income with Shriram Life Assured Income Plan

  • Self
  • Spouse
  • Child
  • Grand Child
Sticky Tab

What Coverage are offered in Shriram Life Assured Income Plan?

Shriram Life Assured Income Plan will help you make minimum term savings and receive maximum benefits. The following covers are offered under Shriram Life Assured Income Plan:

Death Cover

Upon the untimely demise of the Life Assured, that is, in the middle of the term, the nominee will receive the death cover or the base sum assured. The nominee can receive the payout as a lump sum or assured monthly payout or a combination of both. If the policy term is 10 years or above and the Life Insured's age was less than 45, the sum assured will be 10 times the annualised premium. If the age is higher than 45, then it will be 7 times the annualised premium.

Maturity Cover

In case of survival of the life assured up to the end of the policy term and receipt of all the due premiums, the assured income payouts will be paid as scheduled at the start of each year after the end of the policy term during the Benefit Payout Period. However, the policyholder can also opt to receive the maturity benefit in lump sum at the time of proposal. The Lump sum Payout is same as Maturity Sum Assured. The policyholder can change the option to receive the maturity benefit any time during the policy term, but preferably at least three months before the date of maturity. If the life assured dies after commencement of the assured income, the outstanding assured income payouts will continue as scheduled to the nominee(s) or beneficiary(ies).

Additional Rider Benefits

At an additional cost, you can extend benefits beyond the term and get coverage against terminal illnesses, accidents, and permanent disabilities.


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

*Tax Benefits:  
Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.  
You are eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time.

IRDAI Regn No: 128  
CIN No : U66010TG2005PLC045616 of the Company

The Trade Logo displayed above belongs to Shriram Value Services Limited (“SVS”) and used by Shriram Life Insurance Company Limited under a License agreement.”


  • 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.