The Shriram Immediate Annuity Plan is a traditional, non-participating, single premium Annuity Plan without profits. This plan has been designed to provide you a stream of payments on a regular basis as long as you survive. In case of sudden death before policy term, the chosen nominee shall be entitled to receive the purchase price of the policy.
All individuals aged between 40 years and up to 75 years (last birthday) are eligible to purchase this plan.
As long as the life assured policyholder under this plan survives, they will be entitled to receive a stream of income at regular intervals. In the unfortunate event of the life assured’s death suddenly during the policy term, their nominee will be entitled to receive the purchase price of the policy.
|Paid –up Value||The Shriram Immediate Annuity Plan will not acquire any Paid-up Value.|
|Surrender Value||The Shriram Immediate Annuity Plan will not acquire any Surrender Value|
|Free Look Period||Shriram Life provides policyholders with a Free Look Period of 15 days to return the policy, in case they are not happy with its terms and condition. The policyholder must send a request for cancellation in writing, along with stating the reason for cancellation. Following the receipt of the request for cancellation, the insurer will refund the amount paid towards the purchase price of the plan after deducting expenses like stamp duty, etc.|
|Loans||Loans will not be provided under this policy.|
Established in the year 2006, Shriram Life Insurance has risen over the years to become one of the most well-known and trusted life insurance provider in the country. Having delivered stellar performance over the course of the last few years, the insurer has done a great job of managing its capital efficiently while also maintaining a low cost of operations. With the objective of making life insurance available to the common man, Shriram Life Insurance offers a wide variety of affordable and competent life insurance plans such as pension plans, child plans, savings plans, term plans, women plans, endowment plans, protection plans and also online plans.
*Premiums Vary Based On Age, Location, Plan Term and Other Factors
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