Coverage of Shriram Life Immediate Annuity Plus

9 Annuity Options to Choose from

Guaranteed Annuity Rates for your Lifetime.

Return of Purchase Price in Case of Terminal Illness

Option to choose Single Life or Joint Life

Subscribers of NPS can opt either default annuity scheme i.e. Family Income option or any of the above options as per the regulations/guidelines/circulars issued by Pension Fund Regulatory and Development Authority (PFRDA) from time to time. Family Income option (Default Annuity Scheme): The annuity under this option is payable as long as the subscriber and/or his/her spouse is alive and, on their death, the purchase price shall be utilized to reissue the annuity at the rates prevalent then to the family members of the subscriber in the manner stipulated by PFRDA from time to time

There is no maturity benefit under the plan.