Guaranteed Income for Your Whole Life
Guaranteed* 8.93% annuity rates for your lifetime
Option to cover yourself or with your spouse under single life or joint life
A 40 year-old opting for Annuity Option 2 with a 5-year PPT and 10-year Deferment, paying 2,00,000 annually may receive ₹ 89,335 per year from age 51 onwards *Read More
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A 40 year-old opting for Annuity Option 2 with a 5-year PPT and 10-year Deferment, paying 2,00,000 annually may receive ₹ 89,335 per year from age 51 onwards *Read More
Shriram Life Deferred Annuity Plan
Protect your family's financial future today
What is Shriram Life Deferred Annuity Plan?
Shriram Life Deferred Annuity Plan (UIN: 128N105V04) A Non-linked Non-Participating Individual General Annuity Savings plan.
A Deferred Annuity Insurance Plan plays a vital role in helping individuals secure their financial future, particularly during retirement. Unlike immediate annuities, which begin providing payouts shortly after the initial premium payment, deferred annuities offer a unique approach by allowing policyholders to delay the start of income payments to a later, predetermined date.
The Deferred annuity serves as a strategic tool for retirement planning, offering a balance between investment growth and insurance protection.
In essence, a Deferred Annuity Insurance Plan provides a structured and tax-efficient approach to building a financial foundation for retirement. By combining the elements of long-term investment growth and insurance protection, it offers individuals the opportunity to create a steady and reliable income stream to support their retirement lifestyle.
- 4 Annuity options available
- Flexibility in Payment of Premiums
- Premium starting from Rs.6000
- Flexibility in Receiving Annuity Amount
- Option to choose Single life or Joint life
- Flexibility to alter premium payment term and deferment period
Policy Type
Retirement Plan
Policy Term
Whole Life
Deferment Period
5 -10 years
Premium paying term
Single Pay
Limited/Regular Pay: 5-10 years
Limited Pay: 2,3,4 years
Features and Benefits of Shriram Life Deferred Annuity Plan
Guaranteed* annuity rates for Lifetime
Return of your Purchase price in case of Terminal illness#
Option to choose Single life or Joint life
Option to increase your annuity through top up premiums and loyalty additions
Flexibility to alter premium payment term and deferment period
Additional benefits like waiver of premium, high purchase price incentives.
Eligibility of Shriram Life Deferred Annuity Plan
Eligibility Criteria | Limits |
|---|---|
Entry Age | Minimum 40 years (age last birthday) for primary annuitant |
Premium | Minimum For Limited & regular pay (5,6,7,8,9,10 PPTs) - Yearly: Rs. 60,000, Half Yearly: Rs 31,000, Quarterly: Rs 15,500 and Monthly: Rs 6,000; Single Pay: Rs. 3,00,000 For Limited Pay (2,3,4 PPTs) - Yearly: Rs. 2,00,000; Half Yearly: Rs. 1,01,640; Quarterly: Rs. 51,240; Monthly: Rs. 17,180 Maximum No Limit subject to Board approved underwriting policy. |
Premium paying term | Single Pay |
Annuity Mode | Yearly, half-yearly, quarterly, monthly |
Policy Term | Whole Life |
Minimum Vesting Age | 45 Years |
Maximum Vesting Age | 80 Years |
Deferment Period | 5 - 10 Years |
Annuity | Minimum ₹ 12000 p.a. |
Download Documents for Shriram Life Deferred Annuity Plan
All the policy-related documents are easily available online on the website for the comfort and ease of all our customers. You can simply visit our website www.shriramlife.com go to the download section on the policy page and download the policy document, prospectus and presentation.
