Save and Earn with Shriram Life Immediate Annuity Plus
Premium Components for the Shriram Life Immediate Annuity Plus
Shriram Life Immediate Annuity Plan provides diverse annuity options and financial security for a comfortable and worry-free retirement experience. Here are the premium components of the policy in detail:
Corpus Payable Option
Shriram Life Immediate Annuity Plan provides nine different annuity options, ensuring that individuals can choose a plan that suits their financial needs and goals after they retire. These options range from annuities payable for life, with or without annual increases, to joint life annuities with varying survivor benefits.
Maturity Benefit Option
This component doesn't offer a guaranteed payout to the policyholder upon the completion of the policy tenure.
Guaranteed Annuity Rates
The Shriram Life Immediate Annuity Plan provides assured annuity rates for a lifetime, ensuring financial stability and security for retirees, regardless of market conditions.
Return of Purchase Price
In case of terminal illness, the plan provides the option to return the purchase price, providing additional financial support during difficult times.
Single or Joint Life Plans
Shriram Life Immediate Annuity Plan allows individuals to choose between single-life or joint-life plans, thus catering to different family structures and financial needs.
Incentives for Higher Purchase Price
The plan provides incentives for higher purchase prices in the form of increased annuity rates, thus giving additional benefits to those policy holders who invest more.
Flexible Annuity Payment Modes
The annuity payment mode can be chosen at the policy's start, with options for yearly, half-yearly, quarterly or monthly intervals, thus providing flexibility and convenience for policy holders.