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Shriram Life Assured Income Plan
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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 
● UPI 
● 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.

Disclaimer

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

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