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Shriram Immediate Annuity Plan
Shriram Immediate Annuity Plan is a traditional pension plan where annuity starts immediately after paying a lump sum premium and thus it allows the policyholder to plan for retirement.
Get Guaranteed Lifelong Pension
For You And Your Spouse
Invested amount returned to your nominee
Pension Options
-
Invest ₹20k monthly & Get yearly pension of ₹4.2 Lacs for Life
Guaranteed Return For Life
-
Multiple Annuity Options
- 4.8++ Rated
- 10.5 Crore Registered Consumer
- 51 Partners Insurance Partners
- 5.3 Crore Policies Sold
We are rated++
10.5 Crore
Registered Consumer
51
Insurance Partners
5.3 Crore
Policies Sold
Get Guaranteed Lifelong Pension^^
For You And Your Spouse
For You And Your Spouse
Invested amount returned to your nominee
-
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Pension Plans
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Shriram Life Pension Plans
- Shriram Immediate Annuity Plan
Key Features
- It is an Immediate Annuity Plan with single premium option where the annuity starts immediately after premium payment from the next chosen date
Benefits
- Annuity payouts will be paid as per the frequency chosen immediately after the premium paid
- Income tax benefit on the premium paid as per Section 80CCC of the Income Tax Act.
Product Specification:
|
|
Minimum |
Maximum |
|
Entry Age (Last Birthday) |
40 years |
75 years |
|
Purchase Price |
50,000 |
No limit |
|
Annuity Payout |
1000 |
No limit |
|
Annuity payout Frequency |
Quarterly, half-yearly, yearly |
|
People also read: best pension plan in india
Policy Details
Grace Period: Grace period is not applicable.
Policy Termination or Surrender Benefit: the policy cannot be surrendered anytime
Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.
Read Also: What is an Annuity | Annuity Types
Inclusions
- Loan is not available under the plan
Exclusions
- No benefit is paid if the policyholder commits suicide. But if the Life Annuity with Return of purchase Price option is chosen, the purchase price is returned to the nominee
Documents Required
Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.
People also read: National Pension Scheme
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
˜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
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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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