Shriram Life Pension Plan

Shriram Life Pension Plus helps you to meet your retirement goals by building a large corpus on vesting for investment to enable the policyholder to have a steady regular income for life by purchasing an immediate annuity policy. The plan offers four types of funds to choose for investing premiums under this plan

Key Features

  • No maximum limit on top up premium
  • Four types of investment funds
  • Loyalty additions

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
In case of death of policyholder during the policy term Higher of
1) Total Fund Value
2) Assured death benefit will be paid to nominee and policy will be terminated.

Am I eligible?

PARAMETER MINIMUM MAXIMUM
ENTRY AGE 20 65
PREMIUM PAYMENT TERM Regular- same as policy term
POLICY TERM 10 35
PAYMENT MODES Yearly, Half Yearly, Quarterly and Monthly

What if?

I am unable to pay the premium

  • Grace period of 30 days will be provided

I want to take a loan

  • No Such option is available under this policy