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Features of Shriram Life Immediate Annuity Plus
Here are some of the key features of the Shriram Life Immediate Annuity Plus:
Option 1
Annuity payable for life
Option 2
Annuity payable for life and return of purchase price on his/her death or terminal illness
Option 3
Annuity payable for life with annual simple increase of 3%
Option 4
Annuity payable for life with annual compound increase of 3%
Option 5
Annuity payable for minimum guaranteed period of 5/10/15/20 years and for life thereafter
Option 6
Annuity payable for life with a provision of 50% of annuity to the survivor on death of the primary annuitant
Option 7
Annuity payable for life with a provision of 100% of annuity to the survivor on death of the primary annuitant
Option 8
Annuity payable for life with a provision of 50% of annuity to the survivor on death of the primary annuitant and return of purchase price on death or terminal illness of the last survivor
Option 9
Annuity payable for life with a provision of 100% of annuity to the survivor on death of the primary annuitant and return of purchase price on death or terminal illness of the last survivor