Hyderabad, January 16th, 2025: 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 ₹30,000 annually, ₹15,500 half-yearly, ₹8,000 quarterly, and ₹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.

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 ₹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: ₹3,09,717 annually for 39 years after the policy matures, a Return of Premium of ₹25,00,000 in the 40th year, and a total benefit of ₹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 ₹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 ₹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