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Retirement Plan for your Better Future!

Buy Shriram Life Retirement Plans at Monthly Premium as Low as ₹1,000

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FAQs on Shriram Life Retirement Plans

What happens if I miss a premium payment in Shriram Life Retirement Plans?

If you miss a premium payment in Shriram Life Retirement Plans, you will get a grace period of 30 days to make it before the policy lapses. You can revive a lapsed policy five years from the date of the non-payment by paying the pending premiums.

What are the guaranteed annuity rates available in Shriram Life Retirement Plans? 

The guaranteed annuity rates available in Shriram Life Retirement Plans are a simple or compound increase of 3% from the annuity payable for every year.

How can I receive compounded bonuses in Shriram Life Retirement Plans?

You can receive compounded bonuses in Shriram Life Retirement Plans by selecting the super growth option. This will help you receive accumulated bonuses along with terminal bonuses (if any) with the total maturity benefits.

What are the guaranteed maturity benefits in Shriram Life Retirement Plans?

The guaranteed maturity benefits in Shriram Life Retirement Plans are the assured payouts in lump sum amounts, regular payouts, or both together. This is measured as a percentage of annualised premiums paid or the chosen sum assured while buying the policy.

What does base premium fund value mean in Shriram Life Retirement Plans?

The base premium fund value in Shriram Life Retirement Plans means the total amount of purchase price paid by the policyholder during the purchase of the policy.

What are the premium paying modes available in Shriram Life Retirement Plans?

The premium paying modes available in Shriram Life Retirement Plans are quarterly, half-yearly, annual and monthly. You can also make the payments in a single term for some annuity and retirement plans.

What is the vesting amount I will receive in Shriram Life Retirement Plans?

The vesting amount you will receive in Shriram Life Retirement Plans is the higher value among the total fund value or the assured vesting benefits (101% of the annualised premiums paid).

What is the maximum number of years for which I can receive the super income benefit in Shriram Life Retirement Plans?

The maximum number of years for which you can receive the super income benefit in Shriram Life Retirement Plans is 25 to 45 years, provided you apply for the plan when you are 25 years old. Super income benefit is provided around the end of the policy paying term (10 to 25 years) till the end of the tenure (75 minus the age at entry).

How can I receive premium discounts in Shriram Life Retirement Plans?

You can receive premium discounts in Shriram Life Retirement Plans by selecting higher premium payments when choosing the plan. 

What are the surrender benefits available in Shriram Life Retirement Plans?

Surrender benefits are available in plans with annuity benefits, where you can return or surrender the policy 6 months after its purchase in case of terminal illness of the annuitant or their family members.

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

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