Shriram Life Super Income Plan

The Shriram Life Super Income Plan is a savings plan that aims to provide individuals with income protection and life insurance over time. It is based on the plan to ensure a guaranteed monthly income with a lump-sum benefit upon maturity, enabling you to remain financially sound in the long term. It offers life cover and regular income payouts, ensuring you and your family receive financial support until you are 75.

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13.2 Crore
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6.29 Crore
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Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

Eligibility Criteria for the Shriram Life Super Income Plan

Criteria Minimum Maximum
Entry Age 25 years 50 years
Maturity Age 75 years Fixed
Policy Term Based on entry age Up to 75 years
Premium Paying Term 10 years 25 years
Annual Premium ₹30,000 No upper limit
Payment Mode Yearly, Half-Yearly, Quarterly, Monthly
Sum Assured 10 times annual premium

Features of the Shriram Life Super Income Plan

Here are the key features of the Shriram Life Super Income Plan:

  • The plan provides life insurance coverage up to the age of 75, ensuring long-term protection.
  • It offers a guaranteed monthly income after the premium payment term.
  • A lump sum maturity benefit is paid at the end of the policy term.
  • You can choose the premium payment term based on your financial goals.
  • The plan allows flexibility in choosing the income payout duration.
  • Additional protection can be added through optional riders.

If you want to explore more options from the same insurer, you can check other plans offered under Shriram Life Investment Plans to compare features and benefits.

Benefits of the Shriram Life Super Income Plan

Below are the benefits of the Shriram Life Super Income Plan:

  • Maturity Benefit: When you survive to the end of the policy term, you receive a guaranteed maturity amount, typically 5 times the annualized premium.
  • Super Income Benefit: When you get your premiums over the due term, a fixed monthly income transpires until the end of the policy term or 75 years.
  • Death Benefit: When the nominee dies during the term of the policy, the death sum assured and benefits due are paid to the nominee, rather than the applicable benefits.
  • Long-Term Financial Stability: The guaranteed income assists in taking care of your finances in your older days.
  • Tax Benefits: The premiums paid and the benefits received can be tax-advantaged under existing tax laws.

Riders Under the Shriram Life Super Income Plan

The Shriram Life Super Income Plan provides optional riders to increase protection. These include:

  • Accident Benefit Rider
  • Family Income Benefit Rider
  • Shriram Extra Insurance Cover Rider
  • Critical Illness Plus Rider
  • Critical Illness Woman Rider

Policy Details of the Shriram Life Super Income Plan

Understanding the policy conditions can help you make informed decisions.

  1. Grace Period

    A 30-day grace period (15 days in the monthly mode) is provided to pay premiums without compromising policy benefits.

  2. Revival

    The policy may be revived within 5 years from the first unpaid premium, upon payment of all outstanding premiums plus interest.

  3. Free Look Period

    You will be granted a 30-day period after receipt of the policy document to review and cancel it if dissatisfied.

  4. Surrender

    The policy may be surrendered by paying the required minimum premiums. The policy terms are paid in the surrender value.

  5. Loan

    You can take a loan against the policy once it acquires surrender value, subject to applicable terms and conditions.

You can also review the investment plans available in the market to choose one that aligns with your long-term financial goals.

Exclusions Under the Shriram Life Super Income Plan

  • Suicidal Cover: If death occurs due to suicide within 12 months from policy commencement or revival, the benefit will be paid as per policy terms.

FAQs

  • 1. Is there any option to transform the premium payment term purchased at the Shriram Life Super Income Plan?

    Yes, the plan allows you to extend the premium payment period throughout the policy term under certain conditions. This needs to be done before the income is commissioned.
  • 2. So what will happen to me when I no longer pay premiums?

    If the premiums are not paid during the grace period, the policy may lapse or be treated as a paid-up policy, depending on the amount of premiums paid.
  • 3. Will the amount of incoming income be fixed on the Shriram Life Super Income Plan?

    Yes, the monthly income offered under the plan will be guaranteed and will be fixed once started, as the policy terms warrant.
  • 4. Am I able to borrow money under the Shriram Life Super Income Plan?

    Yes, as soon as the policy attains training value, you can borrow against it as per the insurer's terms and conditions.
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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 1290 Reviews)

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Shriram Life Traditional Plans Reviews & Ratings

4.6 / 5 (Based on 1290 Reviews)
(Showing Newest 10 reviews)
Puja
Hyderabad, July 24, 2026
Maximized Savings Minimum Hassle
Opting for Max Life Online Savings Plan via PolicyBazaar was a great decision. The plans features are outstanding and PolicyBazaar service is top notch. Highly recommended.
Sumit
Pune, July 24, 2026
A Click to Secure Future
HDFC Life Click two Invest bought through PolicyBazaar provides a secure investment avenue. The plan features are comprehensive and user friendly. PolicyBazaar service was commendable throughout.
Sahil
Bangalore, July 24, 2026
A Solid Investment Option
I got Aditya Birla Wealth Aspire Plan from PolicyBazaar. Very good investment option Plan have many good things for long term goals. Big claps for PolicyBazaar their service is top notch
Punit
Delhi, July 24, 2026
A Wise Investment Choice
Opting for Bajaj Allianz Smart Wealth Goal via PolicyBazaar was a smart move. The plans features are superb and PolicyBazaar service exceeded my expectations. A seamless experience overall.
Divya
Ranchi, June 22, 2025
Kotak E Invest plus Policybazaar equal Win
Best combo. Policybazaars help made it stress free.
Harsha
Guwahati, June 21, 2025
Promise for Growth Plus Is Understated
It quietly delivers what it promises. Good pick.
Meera
Vellore, June 20, 2025
Click to Invest Makes Investing Fun
Simple UI digital first and a great entry level product.
Nikhil
Shimla, June 19, 2025
Goal Assure IV Seems Tailored for Me
Plan gives control over fund choice and returns.
Aditi
Vijayawada, June 16, 2025
Policybazaar Helped Me Choose Confidently
Smart Fortune Plus was explained so well. Really appreciated the clarity.
Nidhi
Indore, June 11, 2025
Birla Wealth Smart Plus Has Solid Features
Low charges and good growth options. Very happy.

˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

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