Shriram life - Assured Income Plan
..........Non linked - Non participating
This plan helps in multiple ways....children's education, retirement, elderly parents care, etc., the plan is a guaranteed income plan and is a solution to take care of all the cash flow requirements.
key benefits:
* Life cover for the full policy term
* longer the term - higher the income
* get assured regular income after the policy term
* fixed policy term - 8 or 10 years
* additional protection through riders
ELIGIBILITY:
Minimum age at entry: 30 days
Maximum age at entry: 50 years
Maximum maturity age: 58 years age/60 years
Policy term: 8 or 10 years
Benefit & premium paying term: same as policy term
Minimum annual premium: Rs.15,000/-
Maximum annual premium: Rs.5,00,000/-
Basic sum assured: 8 * annualised premium 10 * annualised premium
MATURITY BENEFIT:
After paying complete premiums, the assured income payouts will be paid as scheduled a the start of each policy year after the end of the policy term during benefit payout period or the life assured will also have an option to take the assured benefit payout in lump sum.
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