Save and Earn with Shriram Life Immediate Annuity Plus

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 at Entry	Min : 0 years (age last birthday), 18 years (age last birthday), for joint life options Max: 85 years (age last birthday).
Maximum Exit age	No maximum exit age. Policy will terminate upon death of annuitant
Policy Term	Whole life
Premium Paying Term	Single
Annuity Mode	Yearly, Half-yearly, Quarterly or Monthly
Annuity*	Minimum: annuity per annum for all the options is 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. Maximum: No limit, Subject to board approved underwriting policy
Purchase Price*	Min: Rs. 2,00,000 Max : No limit, Subject to board approved underwriting policy.

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