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Retirement Made Easy with Shriram Life Saral Pension

Retirement Made Easy with Shriram Life Saral Pension

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What Coverages Are Offered Under Shriram Life Saral Pension?

Shriram Life Saral Pension offers two plan options and the coverage depends on the option selected:

Option 1 – Life annuity with 100% return of purchase price

Under this option, an annuity is paid for the lifetime of the annuitant. When the annuitant passes away, the purchase price is refunded.

Option 2 - Joint-Life survivor annuity with 100% return of purchase price on demise of the last survivor

Under this option, two lives are covered. An annuity is paid as long as the primary annuitant remains alive. On his demise, the annuity continues to be paid to the secondary annuitant. If the secondary annuitant also passes away, the purchase price is refunded.

Critical Illness Cover

There is also an inbuilt critical illness benefit in the Shriram Life Saral Pension that covers 20 major illnesses. If the annuitant suffers from one of the covered illnesses, the plan can be surrendered and 95% of the purchase price is refunded. 

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

The Trade Logo displayed above belongs to Shriram Value Services Limited (“SVS”) and used by Shriram Life Insurance Company Limited under a License agreement.”

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS

  • IRDAI or its officials do not engage in activities such as selling insurance policies, announcing bonuses, or investment of premiums. Members of the public who receive such calls are advised to lodge a police complaint.

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