Immediate Annuity Plus

Shriram Life Immediate Annuity Plus is a non- linked and non-participating single premium immediate annuity assurance for individuals. The plan aims to provide a lifetime income stream post retirement.

Key Features

  • It is comparatively much easier to buy an insurance plans online. Once you have evaluated every feature, you can buy your chosen plan in in just a few clicks.
  • The policyholder can revise or make required changes to his/her policy with accuracy and in lesser time, either by contacting the call centre or via given online methods.
  • Policyholder can access all the information regarding the insurance plan such as its terms and conditions, features, etc., on the company's website.
  • As, here the consumers buy the life insurance plan directly from the company, without the involvement of any intermediaries, the purchase rates are comparatively lower

Benefits

  • Tax Benefit
Tax benefits are subject to conditions specified under section 10(10D) and section 80C of the Income-tax Act, 1961. Tax laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant. Service Tax & Cess, as applicable shall be levied over and above premium amount shown here as per applicable tax laws.
  • Death Benefit
On death of annuitant the annuity payments will cease and a death benefit of 100% of the purchase price will be paid to the nominee. The policy will be terminated on payment of death benefit

Am I eligible?

PARAMETER MINIMUM MAXIMUM
ENTRY AGE 0 85
PREMIUM PAYMENT TERM Single
POLICY TERM Whole life
PAYMENT MODES Yearly, half yearly, quarterly or monthly

What if?

I am unable to pay the premium

  • Grace period of 30 days will be provided and you should pay the premium with in the specified time period.

I want to take a loan

  • No Such option is available under this policy