Earn assured income with Shriram Life Assured Income Plan
FAQs related to Shriram Life Assured Income Plan
Can I take Shriram Life Assured Income Plan for senior citizens?
Yes. As long as they meet the age requirements during the time of application and maturity
What should be my ideal age to enter the Shriram Life Assured Income Plan?
Most of the applicants of Shriram Life Assured Income Plan are between 27 to 32 years.
Does the sum assured under Shriram Life Assured Income Plan vary for different applicants?
The sum assured varies based on factors like entry age, premium, term, and payout period.
When will I start receiving my first annual payout after the maturity of my guaranteed income plan?
If your term is 15 years, you will receive annual assured income starting from the 15th year
Will my family pay the missed instalments once they receive the death claim after my demise?
No one will be required to pay the rest of the premiums after your demise. Once the death benefit is released, the policy will be terminated
Can I change the premium payment frequency of my guaranteed income plan while it is active?
Yes. You can alter the payment frequency of your guaranteed income plan within the policy term.
What should I do to receive more benefits from Shriram Life Assured Income Plan?
To receive more benefits out of Shriram Life Assured Income Plan, you can select a higher premium amount and term, pay the premiums on time, find a suitable rider benefit depending on your needs, and start your policy as early as possible, probably in your mid or late 20s
How can I pay my premium payments for Shriram Life Assured Income Plan online?
You can pay your premium of the Shriram Life Assured Income Plan online through multiple modes such as:
● NACH, e-NACH
● Credit card, Debit card
● Demand Draft
Is Shriram Life Assured Income policy necessary for me if I already have a term insurance plan?
Shriram Life Assured Income Plan provides both death and maturity benefits.