{"uin":"128N063V10","name":"Shriram Life Immediate Annuity Plus","url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-immediate-annuity-plus-128n063v10","insurer":{"slug":"shriram-life-insurance","name":"Shriram Life Insurance Company Limited","url":"https://indiainsurances.com/insurer/shriram-life-insurance"},"line":"life","category":"pension-annuity","category_name":"Pension and annuity","irdai_type":"Product","kind":"product","status":"active","approved_on":"2023-12-18","withdrawn_on":null,"summary":"Shriram Life Immediate Annuity Plus is a non-linked non-participating immediate annuity individual single premium plan with a whole-life policy term. It offers 9 annuity options, a 30-day free-look period, no maturity benefit and no policy loans.","analysis":{"state":"machine","analysed_at":"2026-10-19 23:51:06.753441+00","note":"First pass: one AI reading; every stated fact carries a verbatim quote found in the cited clause, but it has not been reviewed. Check the clause before relying on it."},"facts":[{"key":"plan_variants","label":"Plans and variants","section":"Overview","meaning":"The named plans inside this product (not cover types or payout options). Facts can differ between them.","status":"not-stated","value":null,"display":null,"note":"The documents list annuity options, but do not state named plan variants.","quote":null,"sources":[],"law":[]},{"key":"policy_term","label":"Policy term","section":"Eligibility","meaning":"How long one policy runs before it ends or must be renewed.","status":"quote-verified","value":"Whole Life.","display":"Whole Life","note":null,"quote":"Policy Term | Whole Life","sources":[{"clause":"4","heading":"First premium receipt","page":1,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-immediate-annuity-plus-128n063v10/document/16052#c-4"}],"law":[]},{"key":"claim_intimation","label":"Claim intimation deadline","section":"Claims","meaning":"How soon you must tell the insurer about a claim or hospitalisation.","status":"quote-verified","value":"Death claims should be communicated without any delay. If delay in death claim intimation is due to reasons beyond the claimant's control, the claim would be considered for processing.","display":"Without any delay; delay beyond claimant's control may be considered","note":null,"quote":"F10. Delay in claim intimation:\nPlease communicate to us about the death claim without any delay. However if there is any delay in death claim intimation due to reasons that are beyond the control of claimant then the claim would be considered for processing.","sources":[{"clause":null,"heading":"F3. Suicide Exclusion","page":13,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-immediate-annuity-plus-128n063v10/document/16052#c-f3-suicide-exclusion"}],"law":[{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 20, 21","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_documents","label":"Claim documents","section":"Claims","meaning":"Documents the insurer asks for when you claim.","status":"quote-verified","value":["Original policy document","Proof of death/ Death certificate","Identity proof of Nominee","Any other document depending on the cause of death and nature of claim","A certified copy of first information report (FIR)","A certified copy of police inquest report","Post mortem report","If death is due to vehicle accident, then copy of vehicle RC, driving license, if life assured was driving the vehicle","Hospital treatment records, etc"],"display":"Original policy document, death certificate, nominee ID, other cause/nature documents, and accident/medical documents if applicable","note":"Stated for annuity option 2, option 5 where the annuitant dies before completion of the guaranteed period, and options 6, 7, 8 and 9.","quote":"F9. Documents required for making a claim (For annuity option 2, option 5 where the annuitant dies before completion of the guaranteed period for payment of annuities and option 6, option 7, option 8 and option 9)\na) Original policy document\nb) Proof of death/ Death certificate\nc) Identity proof of Nominee\nd) Any other document depending on the cause of death and nature of claim For accident or medical cases following additional documents, whichever applicable, may be required:\na) A certified copy of first information report (FIR).\nb) A certified copy of police inquest report.\nc) Post mortem report\nd) If death is due to vehicle accident, then copy of vehicle RC, driving license, if life assured was driving the vehicle.\ne) Hospital treatment records, etc","sources":[{"clause":null,"heading":"F3. Suicide Exclusion","page":13,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-immediate-annuity-plus-128n063v10/document/16052#c-f3-suicide-exclusion"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 17","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 23","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_settlement_time","label":"Claim settlement time promised","section":"Claims","meaning":"How quickly the policy says a claim is decided or paid, and from when that is counted (intimation or last document).","status":"not-stated","value":null,"display":null,"note":"The policy states a 7-day processing time for free-look cancellation refunds, but does not state a claim settlement time.","quote":null,"sources":[],"law":[{"title":"The Insurance Act, 1938","section":"Section 64UM(4) to (6)","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 10","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 15","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 16","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(i), V.3(ii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.4","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 23","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 149","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"}]},{"key":"exclusions_main","label":"Main exclusions","section":"Exclusions","meaning":"What the policy does not pay for, in the policy's own words.","status":"quote-verified","value":["No benefit is payable on death/terminal illness of the annuitant","There is no maturity benefit payable under this plan","No surrender value is payable","For policies issued to NPS subscribers, the surrender value option is not available","Loans are not available under this plan","Suicide within 12 months pays higher of 95% of purchase price or surrender value, if any, and the policy terminates"],"display":"No death/terminal illness benefit under certain options, no maturity benefit, no surrender value for other options, no NPS surrender, no loans, and suicide within 12 months limited to higher of 95% purchase price or surrender value","note":"Death/terminal illness benefit depends on the annuity option chosen.","quote":"No benefit is payable on death/terminal illness of the annuitant. ... There is no maturity benefit payable under this plan. ... Other Options:\nNo surrender value is payable For policies issued to NPS subscribers, the surrender value option is not available. ... Loans are not available under this plan. ... In case of death of annuitant (single life annuity)/ primary annuitant (joint life annuity) due to suicide within 12 months from the date of commencement of risk of the policy, higher of 95% of purchase price or surrender value, if any shall be paid and the policy will be terminated.","sources":[{"clause":null,"heading":"C2. Annuity benefits under the Plan Option 1: Annuity payable for Life","page":8,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-immediate-annuity-plus-128n063v10/document/16052#c-c2-annuity-benefits-under-the-plan-option-1-annu"},{"clause":null,"heading":"Option 4: Annuity payable for life with annual compound increase of 3%","page":9,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-immediate-annuity-plus-128n063v10/document/16052#c-option-4-annuity-payable-for-life-with-annual-co"},{"clause":"Part D","heading":"Non-forfeiture Benefits & Policy Servicing","page":12,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-immediate-annuity-plus-128n063v10/document/16052#c-part-d"},{"clause":null,"heading":"F3. Suicide Exclusion","page":13,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-immediate-annuity-plus-128n063v10/document/16052#c-f3-suicide-exclusion"}],"law":[{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 11","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 16","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grievance","label":"Grievance route","section":"Claims","meaning":"Who to complain to first, as stated in the policy, before going to the Insurance Ombudsman.","status":"quote-verified","value":"First contact Shriram Life customer care or the Grievance Redressal Officer. If not satisfied with the response or if no response is received within 14 days, the policyholder may approach IRDAI, and then the Insurance Ombudsman if still not satisfied with the company's decision or resolution.","display":"Customer care or Grievance Redressal Officer first; IRDAI after 14 days/no satisfaction; Ombudsman after company decision/resolution","note":null,"quote":"In case you have any Query, Complaint or Grievances You can also contact our Customer care on our Toll free no: 1800-3000-6116/1800-103-6116 & through email id: customercare@shriramlife.in\nGrievance Redressal Officer, Shriram Life Insurance Company Limited, Regd Office: Plot no 31-32, Ramky Selenium Financial district, Gachibowli Hyderabad, Telangana - 500032 Contact No: 040-23009400 Email Id: grievance.redressal@shriramlife.in If you are not satisfied with the response or do not receive a response from us within 14 days, you may approach the Grievance Cell of the Insurance Regulatory and Development Authority of India (IRDAI). ... In case you are not satisfied with the decision or resolution of the company, you may approach the Insurance Ombudsman at the address given below,","sources":[{"clause":"Part G","heading":"Complaints and grievances","page":15,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-immediate-annuity-plus-128n063v10/document/16052#c-part-g"}],"law":[{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 3","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 4","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 5","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(11)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(42)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 34","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 69","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Insurance Act, 1938","section":"Section 38","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 12","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 19","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 20","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 13","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(5), 5(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(9)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 25","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 26","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 11","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"Review of revision in premium rates under health insurance policies for senior citizens, 2025","section":"Para 3","url":"https://indiainsurances.com/law/irdai-senior-premium-2025"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 13","url":"https://indiainsurances.com/law/ombudsman-rules-2017"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 14","url":"https://indiainsurances.com/law/ombudsman-rules-2017"}]},{"key":"sum_assured","label":"Sum assured","section":"Cover","meaning":"The minimum and maximum life cover, or the rule that sets it (for example 10 times the annual premium).","status":"quote-verified","value":"There is no fixed sum assured stated; the death benefit is option-based. Options 2, 8 and 9 return 100% of purchase price on the stated death or terminal illness event, while other options may pay no death or terminal illness lump-sum benefit.","display":"Option-based: nil for some options; 100% of purchase price for return-of-purchase-price options","note":"The policy describes benefits by annuity option rather than a fixed sum assured.","quote":"Option 2: Annuity payable for Life and return of purchase price on his/her death/terminal illness The annuity will be paid at a uniform rate in arrear for the life time of the annuitant. On death of annuitant the annuity payments will cease immediately and a death benefit of 100% of the purchase price will be paid immediately in lump sum on death or terminal illness of the annuitant. ... No benefit is payable on death/terminal illness of the annuitant. ... On death or on diagnosis of terminal illness of the last survivor, the annuity payments will cease immediately and 100% of the purchase price is paid immediately in lump sum and the policy will be terminated.","sources":[{"clause":null,"heading":"C2. Annuity benefits under the Plan Option 1: Annuity payable for Life","page":8,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-immediate-annuity-plus-128n063v10/document/16052#c-c2-annuity-benefits-under-the-plan-option-1-annu"},{"clause":null,"heading":"Option 4: Annuity payable for life with annual compound increase of 3%","page":9,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-immediate-annuity-plus-128n063v10/document/16052#c-option-4-annuity-payable-for-life-with-annual-co"}],"law":[]},{"key":"death_benefit","label":"Death benefit","section":"Cover","meaning":"What your family gets if you die during the term, and how it is calculated.","status":"quote-verified","value":"Under Option 2, on death or terminal illness of the annuitant, annuity payments cease and 100% of the purchase price is paid immediately in lump sum. Under Options 8 and 9, on death or terminal illness of the last survivor, annuity payments cease and 100% of the purchase price is paid; under Options 1, 3, 4 and 5 no death/terminal illness benefit is payable, and Options 6 and 7 provide survivor annuity without return of purchase price.","display":"Option 2 and Options 8/9: 100% purchase price on death/terminal illness; other options generally cease or continue survivor annuity as stated","note":"Options 1, 3, 4 and 5 state no benefit is payable on death/terminal illness of the annuitant.","quote":"On death of annuitant the annuity payments will cease immediately and a death benefit of 100% of the purchase price will be paid immediately in lump sum on death or terminal illness of the annuitant. ... Option 6: Annuity payable for life with a provision of 50% annuity to last survivor on the death of the primary annuitant The annuity will be paid at a uniform rate in arrear for the life time of the primary annuitant. On death of the primary annuitant, the secondary annuitant will receive 50% of the original annuity throughout life. ... Option 7: Annuity payable for life with a provision of 100% annuity to last survivor on the death of the primary annuitant The annuity will be paid at a uniform rate in arrear for the life time of the primary annuitant. On death of the primary annuitant, the secondary annuitant if alive, will receive 100% of the original annuity throughout life. ... On death or on diagnosis of terminal illness of the last survivor, the annuity payments will cease immediately and 100% of the purchase price is paid immediately in lump sum and the policy will be terminated.","sources":[{"clause":null,"heading":"C2. Annuity benefits under the Plan Option 1: Annuity payable for Life","page":8,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-immediate-annuity-plus-128n063v10/document/16052#c-c2-annuity-benefits-under-the-plan-option-1-annu"},{"clause":null,"heading":"Option 4: Annuity payable for life with annual compound increase of 3%","page":9,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-immediate-annuity-plus-128n063v10/document/16052#c-option-4-annuity-payable-for-life-with-annual-co"}],"law":[]},{"key":"maturity_benefit","label":"Maturity benefit","section":"Cover","meaning":"What you get if you survive to the end of the term.","status":"quote-verified","value":"There is no maturity benefit payable under this plan.","display":"No maturity benefit","note":null,"quote":"C3. Maturity Benefit:\nThere is no maturity benefit payable under this plan.","sources":[{"clause":null,"heading":"Option 4: Annuity payable for life with annual compound increase of 3%","page":9,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-immediate-annuity-plus-128n063v10/document/16052#c-option-4-annuity-payable-for-life-with-annual-co"}],"law":[]},{"key":"premium_paying_term","label":"Premium paying term","section":"Premium","meaning":"For how many years you pay premiums.","status":"quote-verified","value":"Single.","display":"Single","note":null,"quote":"Premium Payment Term | Single","sources":[{"clause":"4","heading":"First premium receipt","page":1,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-immediate-annuity-plus-128n063v10/document/16052#c-4"}],"law":[]},{"key":"maturity_age","label":"Maximum maturity age","section":"Eligibility","meaning":"The oldest age at which cover ends.","status":"quote-verified","value":"There is no maximum exit age; the policy term is whole life.","display":"No maximum exit age","note":null,"quote":"Maximum exit age | No | maximum exit age.\nPolicy term | Who | le Life","sources":[{"clause":null,"heading":"PLAN ELIGIBILITY","page":3,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-immediate-annuity-plus-128n063v10/document/16064#c-plan-eligibility"}],"law":[]},{"key":"suicide_clause","label":"Suicide clause","section":"Exclusions","meaning":"What is paid if death is by suicide within the first 12 months.","status":"quote-verified","value":"For all options, if the annuitant or primary annuitant dies by suicide within 12 months from commencement of risk, the higher of 95% of purchase price or surrender value, if any, is paid and the policy terminates.","display":"Within 12 months: higher of 95% of purchase price or surrender value, if any","note":null,"quote":"For all options:\nIn case of death of annuitant (single life annuity)/ primary annuitant (joint life annuity) due to suicide within 12 months from the date of commencement of risk of the policy, higher of 95% of purchase price or surrender value, if any shall be paid and the policy will be terminated.","sources":[{"clause":null,"heading":"F3. Suicide Exclusion","page":13,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-immediate-annuity-plus-128n063v10/document/16052#c-f3-suicide-exclusion"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 21","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 35","url":"https://indiainsurances.com/law/irdai-life-products-2024"}]},{"key":"surrender","label":"Surrender value","section":"Renewal and rights","meaning":"What you get if you stop the policy early, and from when.","status":"quote-verified","value":"Options 2, 8 and 9 acquire surrender value immediately on payment of purchase price: 85% of purchase price in years 1 to 3, 90% in years 4 to 6, and 92.5% in year 7 and above. Other options have no surrender value, and surrender is not available for policies issued to NPS subscribers.","display":"Options 2, 8 and 9: immediately; 85% in years 1-3, 90% in years 4-6, 92.5% from year 7; other options nil","note":null,"quote":"D1. Surrendering your policy:\nOptions 2,8 and 9:\nThe policy acquires surrender value immediately on payment of purchase price. The surrender value payable under the policy is as below:\nYear 1 to 3: 85% of purchase price Year 4 to 6: 90% of purchase price Year 7 and above: 92.5% of purchase price Other Options:\nNo surrender value is payable For policies issued to NPS subscribers, the surrender value option is not available.","sources":[{"clause":"Part D","heading":"Non-forfeiture Benefits & Policy Servicing","page":12,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-immediate-annuity-plus-128n063v10/document/16052#c-part-d"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 26.1 to 26.3","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 26.4 and 26.5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 27","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.3","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.6","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.16 and 1.17","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(1) to (3)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(4) and (5)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(6) to (9)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(B)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 2(A)(vi)(c)(V)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"paid_up","label":"Paid-up value","section":"Renewal and rights","meaning":"What cover continues if you stop paying premiums after a few years.","status":"quote-verified","value":"The policy will not acquire any paid up value.","display":"No paid-up value","note":null,"quote":"C5. Paid up Value:\nThe policy will not acquire any paid up value.","sources":[{"clause":null,"heading":"Option 4: Annuity payable for life with annual compound increase of 3%","page":9,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-immediate-annuity-plus-128n063v10/document/16052#c-option-4-annuity-payable-for-life-with-annual-co"}],"law":[]},{"key":"revival","label":"Revival period","section":"Renewal and rights","meaning":"How long after lapsing you can restart the policy.","status":"not-applicable","value":null,"display":null,"note":"This is a single premium immediate annuity plan, so there are no future premiums to miss and revive after lapse.","quote":null,"sources":[],"law":[{"title":"The Insurance Act, 1938","section":"Section 50","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.1 and 40.1.2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.4","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.6","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.7","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.10","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.28","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.39","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"policy_loan","label":"Policy loan","section":"Renewal and rights","meaning":"Whether you can borrow against the policy.","status":"quote-verified","value":"Loans are not available under this plan.","display":"Loans not available","note":null,"quote":"D2. Loans:\nLoans are not available under this plan.","sources":[{"clause":"Part D","heading":"Non-forfeiture Benefits & Policy Servicing","page":12,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-immediate-annuity-plus-128n063v10/document/16052#c-part-d"}],"law":[]},{"key":"riders_available","label":"Riders available","section":"Cover","meaning":"Optional add-ons such as accidental death, critical illness or waiver of premium.","status":"not-stated","value":null,"display":null,"note":"No optional riders are stated in the provided policy wording or prospectus.","quote":null,"sources":[],"law":[]},{"key":"section45","label":"Claims after 3 years (Section 45)","section":"Claims","meaning":"After 3 years a life policy cannot be questioned on any ground, and only for fraud with proof before that.","status":"quote-verified","value":"After three years from the later of the policy issuance, commencement of risk, revival or rider date, no life insurance policy can be called in question on any ground. Within three years it may be questioned for fraud, or for material misstatement or suppression, with written grounds and materials communicated as stated.","display":"Cannot be questioned after 3 years; within 3 years only as stated for fraud or material misstatement/suppression","note":null,"quote":"(1) No policy of life insurance shall be called in question on any ground whatsoever after the expiry of three years from the date of the policy, i.e. from the date of issuance of the policy or the date of commencement of risk or the date of revival of the policy or the date of the rider to the policy, whichever is later. (2) A policy of life insurance may be called in question at any time within three years from the date of issuance of the policy or the date of commencement of risk or the date of revival of the policy or the date of the rider to the policy, whichever is later, on the ground of fraud: ... (4) A policy of life insurance may be called in question at any time within three years from the date of issuance of the policy or the date of commencement of risk or the date of revival of the policy or the date of the rider to the policy, whichever is later, on the ground that any statement of or suppression of a fact material to the expectancy of the life of the insured was incorrectly made in the proposal or other document on the basis of which the policy was issued or revived or rider issued:","sources":[{"clause":"Annexure III","heading":null,"page":22,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-immediate-annuity-plus-128n063v10/document/16052#c-annexure-iii"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 45","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 10","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 10","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.6","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 8","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"tax_note","label":"Tax note in the document","section":"Premium","meaning":"What the document says about tax benefits. Not stated when it only says taxes are charged on the premium. Tax law changes; confirm separately.","status":"quote-verified","value":"Tax benefits may be available as per prevailing tax laws, are subject to change, and the prospectus asks the customer to consult a tax advisor for details.","display":"Tax benefits may be available as per prevailing tax laws","note":"The policy wording itself states GST/taxes, while the tax-benefit note appears in the prospectus.","quote":"Tax benefits may be available as per prevailing tax laws. Tax benefits are subject to changes according to the tax laws from time to time; please consult your tax advisor for details.","sources":[{"clause":null,"heading":"Tax Benefits","page":7,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-immediate-annuity-plus-128n063v10/document/16064#c-tax-benefits"}],"law":[]},{"key":"free_look","label":"Free-look period","section":"Renewal and rights","meaning":"Days after you receive the policy in which you can return it for a refund if you do not agree with its terms.","status":"quote-verified","value":{"unit":"days","amount":30},"display":"30 days","note":"Part D and the prospectus state 30 days. The definitions clause in the same policy states 15 days.","quote":"The policy holder has a period of 30 days beginning from the date of receipt of the policy document, whether received electronically or otherwise, to review the terms and conditions of the policy. ... Free Look Period is the period of 15 days from the date of receipt of the Policy Document by the Policyholder to review the terms and conditions of this policy","sources":[{"clause":"Part D","heading":"Non-forfeiture Benefits & Policy Servicing","page":12,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-immediate-annuity-plus-128n063v10/document/16052#c-part-d"},{"clause":"18","heading":null,"page":5,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-immediate-annuity-plus-128n063v10/document/16052#c-18"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 5","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(1), 20(2)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(3) to 20(5)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, II.8","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grace_period","label":"Grace period","section":"Renewal and rights","meaning":"Days you get after the due date to pay without losing cover or continuity.","status":"not-applicable","value":null,"display":null,"note":"This is a single premium immediate annuity plan, so there are no renewal premium due dates for a grace period.","quote":null,"sources":[],"law":[{"title":"The Insurance Act, 1938","section":"Section 50","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 8","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 9","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 8","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, IV.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.2","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 1.3","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"eligibility_entry_age","label":"Entry age","section":"Eligibility","meaning":"The youngest and oldest age at which you can buy this policy.","status":"quote-verified","value":"Minimum entry age is 0 years age last birthday for single life options and 18 years age last birthday for joint life options. Maximum entry age is 85 years age last birthday.","display":"0 years for single life, 18 years for joint life; maximum 85 years","note":null,"quote":"Age at entry | Min Max | : 0 years (age last birthday), for single life options 18 years (age last birthday), for joint life options : 85 years (age last birthday).","sources":[{"clause":null,"heading":"PLAN ELIGIBILITY","page":3,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-immediate-annuity-plus-128n063v10/document/16064#c-plan-eligibility"}],"law":[]},{"key":"premium_modes","label":"Premium payment options","section":"Premium","meaning":"How often you can pay: yearly, half-yearly, quarterly, monthly.","status":"not-applicable","value":null,"display":null,"note":"Premium is payable as a single purchase price, so recurring premium payment modes such as yearly or monthly do not apply.","quote":null,"sources":[],"law":[]},{"key":"premium_type","label":"Premium payment type","section":"Premium","meaning":"Single premium, regular premium (every year of the term) or limited premium (fewer years than the term).","status":"quote-verified","value":["Single"],"display":"Single premium","note":null,"quote":"Premium Type Single","sources":[{"clause":"4","heading":"First premium receipt","page":1,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-immediate-annuity-plus-128n063v10/document/16052#c-4"}],"law":[]},{"key":"annuity_options","label":"Annuity options","section":"Cover","meaning":"Life annuity, joint life, return of purchase price, increasing annuity...","status":"quote-verified","value":["Option 1: Annuity payable for life","Option 2: Annuity payable for life and return of purchase price on his/her death or terminal illness","Option 3: Annuity payable for life with annual simple increase of 3%","Option 4: Annuity payable for life with annual compound increase of 3%","Option 5: Annuity payable for minimum guaranteed period of 5/10/15/20 years and for life thereafter","Option 6: Annuity payable for life with a provision of 50% of annuity to the survivor on death of the primary annuitant","Option 7: Annuity payable for life with a provision of 100% of annuity to the survivor on death of the primary annuitant","Option 8: Annuity payable for life with a provision of 50% of annuity to the survivor on death of the primary annuitant and return of purchase price on death or terminal illness of the last survivor","Option 9: Annuity payable for life with a provision of 100% of annuity to the survivor on death of the primary annuitant and return of purchase price on death or terminal illness of the last survivor","Family Income option (Default Annuity Scheme)"],"display":"9 annuity options plus NPS Family Income option","note":"The Family Income option is stated as the default annuity scheme for NPS subscribers.","quote":"Option 1: Annuity payable for life Option 2: Annuity payable for life and return of purchase price on his/her death or terminal illness Option 3: Annuity payable for life with annual simple increase of 3% Option 4: Annuity payable for life with annual compound increase of 3% Option 5: Annuity payable for minimum guaranteed period of 5/10/15/20 years and for life thereafter Option 6: Annuity payable for life with a provision of 50% of annuity to the survivor on death of the primary annuitant Option 7: Annuity payable for life with a provision of 100% of annuity to the survivor on death of the primary annuitant Option 8: Annuity payable for life with a provision of 50% of annuity to the survivor on death of the primary annuitant and return of purchase price on death or terminal illness of the last survivor Option 9: Annuity payable for life with a provision of 100% of annuity to the survivor on death of the primary annuitant and return of purchase price on death or terminal illness of the last survivor ... Family Income option (Default Annuity Scheme): The annuity under this option is payable as long as the subscriber and/or his/her spouse is alive","sources":[{"clause":"Part C","heading":"Product Benefits","page":7,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-immediate-annuity-plus-128n063v10/document/16052#c-part-c"},{"clause":null,"heading":"Option 4: Annuity payable for life with annual compound increase of 3%","page":9,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-immediate-annuity-plus-128n063v10/document/16052#c-option-4-annuity-payable-for-life-with-annual-co"}],"law":[]},{"key":"purchase_price_min","label":"Minimum purchase price","section":"Eligibility","meaning":"Smallest lump sum or annuity accepted.","status":"quote-verified","value":"Minimum purchase price is ₹ 2,00,000. Minimum annuity is ₹ 12000, with monthly annuity of Rs. 1000 per month under all options; maximum purchase price is no limit, subject to board approved underwriting policy.","display":"Minimum purchase price ₹ 2,00,000; minimum annuity ₹ 12000","note":"The prospectus text is extracted with line-break artefacts, but states the minimum purchase price and annuity.","quote":"Annuity | Min: Und the purc proc Max | ₹ 12000. er all the options the monthly annuity shall be Rs. 1000 per month. ... Purchase price | Min: In c annu polic Max | ₹ 2,00,000 ase the proceeds of the policy are not sufficient to purchase minimum ity as stipulated by the Authority from time to time, the proceeds of the y shall be paid as lump sum. : No limit, Subject to board approved underwriting policy","sources":[{"clause":null,"heading":"PLAN ELIGIBILITY","page":3,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-immediate-annuity-plus-128n063v10/document/16064#c-plan-eligibility"}],"law":[]},{"key":"deferment","label":"Deferment period","section":"Cover","meaning":"For deferred plans, how long before income starts.","status":"quote-verified","value":"This is an immediate annuity plan, not a deferred plan. Annuity is paid in arrears, and the first annuity starts one year, six months, three months or one month after purchase depending on yearly, half-yearly, quarterly or monthly mode.","display":"Immediate annuity; first payout after 1 year, 6 months, 3 months or 1 month depending on mode","note":null,"quote":"A Non-Linked Non-Participating Immediate Annuity Individual Single Premium Plan ... The first annuity will commence one year, six months, three months, one month after the date of purchase of annuity depending on the mode of annuity chosen is yearly, half yearly, quarterly or monthly respectively.","sources":[{"clause":"Annexure IX","heading":null,"page":1,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-immediate-annuity-plus-128n063v10/document/16052#c-annexure-ix"},{"clause":null,"heading":"C8. Annuity payment mode","page":11,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-immediate-annuity-plus-128n063v10/document/16052#c-c8-annuity-payment-mode"}],"law":[]},{"key":"annuity_frequency","label":"Payout frequency","section":"Cover","meaning":"Monthly, quarterly, half-yearly, yearly.","status":"quote-verified","value":["yearly","half yearly","quarterly","monthly"],"display":"Yearly, half yearly, quarterly or monthly","note":null,"quote":"The annuity payment will be made in arrear ie at the end of annuity payment frequency. The annuitant has the option of taking his annuity at yearly, half yearly, quarterly or monthly intervals.","sources":[{"clause":null,"heading":"C8. Annuity payment mode","page":11,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-immediate-annuity-plus-128n063v10/document/16052#c-c8-annuity-payment-mode"}],"law":[]},{"key":"annuity_rate_example","label":"Example annuity rate","section":"Cover","meaning":"An example from the document; rates change with age and over time.","status":"quote-verified","value":"For a healthy male with Purchase Price of ₹ 10, 00,000/-, at age 60 the sample annual annuity amounts are 81,280 under Option 1, 59,110 under Option 2, 63,960 under Option 3, 60,450 under Option 4, 80,710 under Option 5, 76,170 under Option 6, 71,910 under Option 7, 62,600 under Option 8 and 59,140 under Option 9.","display":"Age 60, ₹ 10, 00,000 purchase price: Option 1 81,280 p.a.; Option 9 59,140 p.a.","note":"The example is from the prospectus sample annuity table; rates vary by option and age.","quote":"Following are the sample Annuity amounts (P.A) for a healthy, Male Life with Purchase Price of ₹ 10, 00,000/-.\nAnnuity Options/ Age at entry | Option 1 | Option 2 | Option 3 | Option 4 | Option 5# | Option 6* | Option 7* | Option 8* | Option 9* ... 60 | 81,280 | 59,110 | 63,960 | 60,450 | 80,710 | 76,170 | 71,910 | 62,600 | 59,140","sources":[{"clause":null,"heading":"Sample Annuity Amounts","page":6,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-immediate-annuity-plus-128n063v10/document/16064#c-sample-annuity-amounts"}],"law":[]}],"documents":[{"kind":"wording","label":"Policy document","pages":22,"fetched_at":"2026-10-17 20:01:45+00","source_url":"https://cdn.shriramlife.com/slic-kalam/files/2026-07/iap-v10-policy-document_1.pdf?VersionId=AdD9UwCID1xi6vAWCq3nKmS0y.Tp1oIj","url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-immediate-annuity-plus-128n063v10/document/16052"},{"kind":"prospectus","label":"Prospectus","pages":10,"fetched_at":"2026-10-17 20:02:13+00","source_url":"https://cdn.shriramlife.com/slic-kalam/files/2026-04/iap-v10-brochure.pdf?VersionId=FBV_tsNhY3fPGV7FPYErTBanaWheyDde","url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-immediate-annuity-plus-128n063v10/document/16064"},{"kind":"brochure","label":"Presentation","pages":34,"fetched_at":"2026-10-17 20:01:19+00","source_url":"https://cdn.shriramlife.com/slic-kalam/files/2026-04/iap-10-website-ppt-with-arn.pdf?VersionId=LSFIdUxClQiAM9VqTbyUc97.pFiR9lJw","url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-immediate-annuity-plus-128n063v10/document/16043"}],"versions":[{"uin":"128N063V06","version":null,"approved_on":null},{"uin":"128N063V10","version":null,"approved_on":null}],"where_to_buy":[{"purpose":"buy","kind":"insurer","name":"Shriram Life Insurance official website","url":"https://www.shriramlife.com/","note":"Buy directly from the insurer."},{"purpose":"buy","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"claims_and_complaints":[{"purpose":"claim","kind":"insurer","name":"Claim centre","url":"https://www.shriramlife.com/services/claim-centre","note":null},{"purpose":"claim","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"grievance","kind":"insurer","name":"Grievance redressal","url":"https://www.shriramlife.com/services/grievance-redressal","note":null},{"purpose":"grievance","kind":"official","name":"Bima Bharosa (IRDAI grievance portal)","url":"https://bimabharosa.irdai.gov.in/","note":"Register and track a complaint against any insurer with IRDAI. Complain to the insurer first; escalate here if the reply is late or unsatisfactory."},{"purpose":"grievance","kind":"official","name":"e-Daakhil (consumer commission e-filing)","url":"https://edaakhil.nic.in/","note":"Not reachable from our crawler on 2026-10-19; use e-Jagriti if this link does not open."},{"purpose":"grievance","kind":"official","name":"e-Jagriti (consumer commission filing)","url":"https://e-jagriti.gov.in/","note":"Ministry of Consumer Affairs platform for consumer commission cases, a route for insurance disputes that the Ombudsman does not settle."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Ahmedabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Gujarat, Dadra & Nagar Haveli, Daman and Diu. Email: oio.ahmedabad@cioins.co.in. Phone: 079 - 25501201/02. Address: Office of the Insurance Ombudsman, Jeevan Prakash Building, 6th floor, Tilak Marg, Relief Road, AHMEDABAD – 380 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bengaluru","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Karnataka. Email: oio.bengaluru@cioins.co.in. Phone: 080 - 26652048 / 26652049. Address: Office of the Insurance Ombudsman, Jeevan Soudha Building,PID No. 57-27-N-19 Ground Floor, 19/19, 24th Main Road, JP Nagar, Ist Phase, Bengaluru – 560 078."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhopal","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Madhya Pradesh, Chhattisgarh. Email: oio.bhopal@cioins.co.in. Phone: 0755 - 2769201 / 2769202 / 2769203. Address: Office of the Insurance Ombudsman, 1st floor,\"Jeevan Shikha\", 60-B,Hoshangabad Road, Opp. Gayatri Mandir,Arera Hills Bhopal – 462 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhubaneswar","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Odisha. Email: oio.bhubaneswar@cioins.co.in. Phone: 0674 - 2596461 /2596455/2596429/2596003. Address: Office of the Insurance Ombudsman, 62, Forest park, Bhubaneswar – 751 009."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chandigarh","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Punjab, Haryana (excluding Gurugram, Faridabad, Sonepat and Bahadurgarh), Himachal Pradesh, Union Territories of Jammu & Kashmir,Ladakh & Chandigarh. Email: oio.chandigarh@cioins.co.in. Phone: 0172-2706468. Address: Office Of The Insurance Ombudsman, Jeevan Deep Building SCO 20-27, Ground Floor Sector- 17 A, Chandigarh – 160 017."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chennai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Tamil Nadu, PuducherryTown and Karaikal (which are part of Puducherry). Email: oio.chennai@cioins.co.in. Phone: 044 - 24333668 / 24333678. Address: Office of the Insurance Ombudsman, Fatima Akhtar Court, 4th Floor, 453, Anna Salai, Teynampet, CHENNAI – 600 018."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Delhi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Delhi & following Districts of Haryana - Gurugram, Faridabad, Sonepat & Bahadurgarh. Email: oio.delhi@cioins.co.in. Phone: 011 - 46013992/23213504/23232481. Address: Office of the Insurance Ombudsman, 2/2 A, Universal Insurance Building, Asaf Ali Road, New Delhi – 110 002."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Guwahati","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Assam, Meghalaya, Manipur, Mizoram, Arunachal Pradesh, Nagaland and Tripura. Email: oio.guwahati@cioins.co.in. Phone: 0361 - 2632204 / 2602205 / 2631307. Address: Office of the Insurance Ombudsman, Jeevan Nivesh, 5th Floor, Near Pan Bazar , S.S. Road, Guwahati – 781001(ASSAM)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Hyderabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Andhra Pradesh, Telangana, Yanam and part of Union Territory of Puducherry. Email: oio.hyderabad@cioins.co.in. Phone: 040 - 23312122 / 23376991 / 23376599 / 23328709 / 23325325. Address: Office of the Insurance Ombudsman, 6-2-46, 1st floor, \"Moin Court\", Lane Opp.Hyundai Showroom , A. C. Guards, Lakdi-Ka-Pool, Hyderabad - 500 004."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Jaipur","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Rajasthan. Email: oio.jaipur@cioins.co.in. Phone: 0141- 2740363. Address: Office of the Insurance Ombudsman, Jeevan Nidhi – II Bldg., Gr. Floor, Bhawani Singh Marg, Jaipur - 302 005."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kochi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Kerala, Lakshadweep, Mahe-a part of Union Territory of Puducherry. Email: oio.ernakulam@cioins.co.in. Phone: 0484 - 2358759. Address: Office of the Insurance Ombudsman, 10th Floor, Jeevan Prakash,LIC Building, Opp to Maharaja's College Ground,M.G.Road, Kochi - 682 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kolkata","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: West Bengal, Sikkim, Andaman & Nicobar Islands. Email: oio.kolkata@cioins.co.in. Phone: 033 - 22124339 / 22124341. Address: Office of the Insurance Ombudsman, Hindustan Bldg. Annexe, 7th Floor, 4, C.R. Avenue, KOLKATA - 700 072."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Lucknow","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Districts of Uttar Pradesh : Lalitpur, Jhansi, Mahoba, Hamirpur, Banda, Chitrakoot, Allahabad, Mirzapur, Sonbhabdra, Fatehpur, Pratapgarh, Jaunpur,Varanasi, Gazipur, Jalaun, Kanpur, Lucknow, Unnao, Sitapur, Lakhimpur, Bahraich, Barabanki, Raebareli, Sravasti, Gonda, Faizabad, Amethi, Kaushambi, Balrampur, Basti, Ambedkarnagar, Sultanpur, Maharajgang, Santkabirnagar, Azamgarh, Kushinagar, Gorkhpur, Deoria, Mau, Ghazipur, Chandauli, Ballia, Sidharathnagar. Email: oio.lucknow@cioins.co.in. Phone: 0522 - 4002082 / 3500613. Address: Office of the Insurance Ombudsman, 6th Floor, Jeevan Bhawan, Phase-II, Nawal Kishore Road, Hazratganj, Lucknow - 226 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Mumbai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: List of wards under Mumbai Metropolitan Region excluding wards in Mumbai – i.e M/E, M/W, N , S and T covered under Office of Insurance Ombudsman Thane and excluding areas of Navi Mumbai. Email: oio.mumbai@cioins.co.in. Phone: 022 - 69038800/27/29/31/32/33. Address: Office of the Insurance Ombudsman, 3rd Floor, Jeevan Seva Annexe, S. V. Road, Santacruz (W), Mumbai - 400 054."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Noida","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Uttarakhand and the following Districts of Uttar Pradesh: Agra, Aligarh, Bagpat, Bareilly, Bijnor, Budaun, Bulandshehar, Etah, Kannauj, Mainpuri, Mathura, Meerut, Moradabad, Muzaffarnagar, Oraiyya, Pilibhit, Etawah, Farrukhabad, Firozbad, Gautam Buddh nagar, Ghaziabad, Hardoi, Shahjahanpur, Hapur, Shamli, Rampur, Kashganj, Sambhal, Amroha, Hathras, Kanshiramnagar, Saharanpur. Email: oio.noida@cioins.co.in. Phone: 0120-4027589. Address: Office of the Insurance Ombudsman, Bhagwan Sahai Palace 4th Floor, Main Road, Naya Bans, Sector 15, Distt: Gautam Buddh Nagar, U.P-201301."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: offices and jurisdiction","url":"https://www.cioins.co.in/Ombudsman","note":"Addresses, phone numbers, e-mail and the states or districts each Ombudsman office covers."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Patna","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Bihar, Jharkhand. Email: oio.patna@cioins.co.in. Phone: 0612-2547068. Address: Office of the Insurance Ombudsman, 2nd Floor, Lalit Bhawan, Bailey Road, Patna 800 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Pune","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Goa and State of Maharashtra excluding areas of Navi Mumbai, Thane district,Palghar District, Raigad district & Mumbai Metropolitan Region. Email: oio.pune@cioins.co.in. Phone: 020-24471175. Address: Office of the Insurance Ombudsman, Jeevan Darshan Bldg., 3rd Floor, C.T.S. No.s. 195 to 198, N.C. Kelkar Road, Narayan Peth, Pune – 411 030."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: register a complaint online","url":"https://cioins.co.in/Complaint/Online","note":"Council for Insurance Ombudsmen. Free. For disputes with an insurer after its own grievance process; the office is chosen by where you live (see the offices list)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Thane","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Area of Navi Mumbai, Thane District, Raigad District, Palghar District and wards of Mumbai , M/East, M/West, N, S and T. Email: oio.thane@cioins.co.in. Phone: 022-20812868/69. Address: Office of the Insurance Ombudsman, Jeevan Chintamani Building, 2nd Floor,Near New RTO Office, Louis Wadi,Vasantrao Naik Mahamarg, Thane (West)- 400604."},{"purpose":"grievance","kind":"official","name":"National Consumer Helpline","url":"https://consumerhelpline.gov.in/public/","note":"Government consumer helpline; can take up a complaint before you go to a consumer commission."},{"purpose":"port","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"renew","kind":"insurer","name":"Renewal payment options","url":"https://www.shriramlife.com/services/renewal-payment-options-online","note":null}],"notice":"Information, not advice. IndiaInsurances is not an insurer or an insurance intermediary, does not sell insurance and earns no commission. Policy terms change and your own policy schedule can differ: always confirm with the policy document and the insurer before you buy or claim.","cite_as":"Shriram Life Immediate Annuity Plus (UIN 128N063V10), IndiaInsurances, https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-immediate-annuity-plus-128n063v10"}