Shriram Life Launches Sunishchit Laabh Starting at Rs. 30,000 a Year

• 
  
  Up
  to
  668%
  of
  total
  premiums
  paid
  as
  guaranteed
  returns

• 
  
  Entry
  age
  ranges
  from
  30
  days
  to
  60
  years

• 
  
  Minimum
  ticket
  size
  starts
  from
  Rs.
  30,000
  annually

• 
  
  Flexible,
  tax-free
  maturity
  income
  payouts
  for
  up
  to
  40
  years
  (maximum
  age
  101)

• 
  
  Death
  benefits
  up
  to
  160
  times
  the
  annualised
  premium.

Shriram
Life
Insurance
has
launched

Shriram
Life
Sunishchit
Laabh
–
a
non-participating
individual
savings
plan
that
guarantees
high
returns
of
up
to
668%
of
the
total
premium
paid.
The
plan
offers
flexible
entry
options
with
ages
ranging
from
30
days
to
60
years,
and
a
minimum
ticket
size
starting
at
Rs.
30,000
annually,
Rs.
15,500
half-yearly,
Rs.
8,000
quarterly,
and
Rs.
3,000
monthly.

The
plan
features
flexible
maturity
income
payout
options
that
include
tax-free
payouts
for
up
to
40
years
(up
to
a
maximum
age
of
101),
ensuring
consistent
income,
even
in
retirement,
for
the
long-term.
It
offers
death
benefits
up
to
160
times
the
annualised
premium.

Sunishchit
Laabh
is
ideal
for
retirement
planning,
children’s
education,
family
protection
or
creating
a
long-term
financial
safety
net.
During
the
policy
term,
customers
can
alter
the
maturity
income
pay-out
modes
to
monthly,
quarterly,
half-yearly,
and
yearly
to
suit
their
financial
needs.

Casparus
Kromhout,
MD
&
CEO,
Shriram
Life
Insurance

Speaking
on
the
product,

Casparus
J.H.
Kromhout,
MD
and
CEO,
Shriram
Life
Insurance,
said,
“Shriram
Life
Sunishchit
Laabh
highlights
our
dedication
to
empower
families
with
financial
stability
and
growth.
In
today’s
uncertain
world,
this
plan
offers
a
unique
combination
of
guaranteed
returns
and
life
insurance
protection,
ensuring
our
customers
can
achieve
their
long-term
goals
with
confidence.”

“What
makes
this
plan
exceptional
is
its
flexibility,
allowing
customers
to
customise
maturity
income
payouts,
life
cover,
and
premium
payments
to
suit
their
unique
needs.
With
loyalty
rewards
and
optional
riders,
Sunishchit
Laabh
is
a
comprehensive
solution
that
adapts
to
the
financial
priorities
of
diverse
customer
segments.

Aligned
with
Shriram
Life
Insurance’s
mission,
this
plan
brings
peace
of
mind
and
financial
empowerment
to
millions
across
India,”
he
added.

Take,
for
example,
the
case
of
a
35-year-old
policyholder
who
invests
Rs. 1,00,000
annually
under
the
Life
Plus
and
Income
Pro
option
for
25
years,
with
a
10x
Annualized
Premium
as
Sum
Assured,
a
policy
term
of
26
years,
and
a
payout
period
of
40
years.
The
policyholder
would
receive
the
following
benefits:
Rs.
3,09,717
annually
for
39
years
after
the
policy
matures,
a
Return
of
Premium
of
Rs. 25,00,000
in
the
40th
year,
and
a
total
benefit
of
Rs. 1,45,78,963,
ensuring
financial
stability
for
decades.

In
the
unfortunate
event
of
the
policyholder’s
death
during
the
policy
term,
the
future
premiums
will
be
waived
off,
and
the
nominees
or
beneficiaries
will
receive
the
death
sum
assured
of
Rs.
10,00,000
in
equal
monthly
installments
starting
from
the
end
of
the
month
of
death
until
the
end
of
the
policy
term.
Additionally,
they
will
also
receive
the
Rs. 1,45,78,963
as
scheduled
income
payouts
after
the
policy
maturity.

**Applicable
for
ages
up
to
10,
policy
term
of
26
years,
payout
period
of
40
years
with
Life
and
Income
Pro
Options.
For
ages
up
to
30,
applicable
returns
will
be
around
600%.

*Terms
and
conditions
apply.
Benefits
are
subject
to
policy
terms
and
conditions
as
outlined
in
the
official
brochure.

About
Shriram
Life
Insurance
Company

Shriram
Life
Insurance
Company
offers
term,
endowment,
ULIPs
and
annuities
for
the
rural
and
urban
middle-class
at
affordable
premiums.
While
the
ticket
size
for
non-single
individual
premium
policies
is
about
Rs.
21,000,
the
average
ticket
size
for
individual
policies
including
single
premium
stands
at
around
Rs.
22,200.
The
company’s
protection
and
long-term
savings
plans
help
it
give
families
comprehensive
life
cover
besides
offering
stable
investment
solutions
for
their
key
life
goals.
The
company
has
an
in-force
policyholder
base
of
over
12
lakh.