Premium Components for the Shriram Life Immediate Annuity Plus

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.

This component doesn't offer a guaranteed payout to the policyholder upon the completion of the policy tenure.

The Shriram Life Immediate Annuity Plan provides assured annuity rates for a lifetime, ensuring financial stability and security for retirees, regardless of market conditions.

In case of terminal illness, the plan provides the option to return the purchase price, providing additional financial support during difficult times.

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.

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.

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.