images
Immediate Annuity Plus

Save and Earn with Shriram Life Immediate Annuity Plus

Save and Earn with Shriram Life Immediate Annuity Plus

  • Self
  • Spouse
  • Child
  • Grand Child
Sticky Tab
Prev
Next

Shriram Life Immediate Annuity Plus Eligibility and Required Documents

You need to fulfil the following eligibility criteria to apply for the Shriram Life Immediate Annuity Plus:

Age Criteria

Min : 0 years (age last birthday), for single life options  
         18 years (age last birthday), for joint life options  
Max: 85 years (age last birthday).

Maximum Maturity

No Maximum Exit Age

Policy Term

Whole life

Premium (Purchase Price) Paying Term

Single

Annuity Mode

Yearly, Half-yearly, Quarterly or Monthly

Annuity

Min: Rs 12000. Under all the options the monthly annuity shall be Rs. 1000 per month. In case the proceeds of the Company’s Deferred Pension policy are not sufficient to purchase minimum annuity as stipulated by the Authority from time to time, the proceeds of the policy shall be paid as lump sum. Max: No limit, Subject to board approved underwriting policy.

Purchase Price

Min: Rs. 2,00,000 In case the proceeds of the policy are not sufficient to purchase minimum annuity as stipulated by the Authority from time to time, the proceeds of the policy shall be paid as lump sum. Max : No limit, Subject to board approved underwriting policy.

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

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

BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRADULENT OFFERS

  • 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.