Shriram Life Insurance has unveiled its latest offering, Shriram Life Sunishchit Laabh, a non-participating individual savings plan designed to deliver long-term financial stability and attractive returns. With guaranteed payouts of up to 668% of the total premium paid, this plan is tailored to cater to a wide range of individuals, providing both savings and financial protection.
KEY HIGHLIGHTS OF SUNISHCHIT LAABH
Guaranteed Returns: The hallmark of this plan is its impressive guaranteed returns, offering up to 668% of the total premium paid. This makes it an attractive choice for individuals looking for secure and predictable financial growth.
Wide Age Eligibility: The plan is open to individuals aged as young as 30 days and up to 60 years, ensuring it caters to a broad demographic, from young parents planning for their child’s future to individuals seeking retirement security.
Flexible Premium Payment Options: The plan offers multiple premium payment modes to suit varying financial capacities – Annual premium starting at ₹30,000, Half-yearly premium at ₹15,500, Quarterly premium at ₹8,000, Monthly premium at ₹3,000
This flexibility ensures that customers can align their premium payments with their income and financial commitments.
Tax-Free Maturity Income: One of the standout features is the tax-free maturity income payouts for up to 40 years, providing consistent financial support while maximizing savings. With a maximum age cap of 101 years, the plan ensures that policyholders can enjoy lifelong financial security, even post-retirement.
Comprehensive Death Benefits: The plan offers death benefits up to 160 times the annualized premium, providing robust financial protection to the policyholder’s family in the event of unforeseen circumstances.
Flexible Maturity Income Payout Modes: Customers can choose payout modes that best suit their financial needs, offering adaptability to changing life stages and requirements.
WHY CHOOSE SHRIRAM LIFE SUNISHCHIT LAABH?
Long-Term Financial Security: With maturity payouts extending up to 40 years and a maximum age cap of 101 years, the plan is ideal for individuals seeking consistent income for retirement or other long-term goals.
Guaranteed and Predictable Returns: The plan eliminates market-related uncertainties, providing policyholders with the confidence of assured financial outcomes.
Flexibility and Customization: Multiple premium payment options and flexible payout modes allow customers to tailor the plan to their unique financial situations and goals.
Tax Benefits: Policyholders can avail of tax exemptions on premiums paid and maturity payouts under prevailing tax laws, enhancing the plan’s appeal.
HOW TO ENROLL
Interested individuals can apply for the Sunishchit Laabh plan by visiting Shriram Life Insurance’s official website or nearest branch. The application process involves selecting the desired premium payment option, filling out the application form, and submitting required documents such as identity and income proof.
CONCLUSION
Shriram Life Sunishchit Laabh is a thoughtfully designed savings plan that combines guaranteed returns with long-term financial security. Its flexibility, high returns, and comprehensive coverage make it an excellent choice for individuals at any stage of life. Whether planning for retirement, securing a child’s future, or ensuring family protection, this plan offers a dependable and rewarding solution for financial stability.
MORE INFO
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