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Insurance Company
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Shriram Life Insurance Company Ltd
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Plan Name
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Shriram Fortune Builder Insurance Plan
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Plan Nature
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ULIP
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Plan Category
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Savings & Investment Plan
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UIN No.
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128L038V01
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About Plan
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In this policy, the investment risk in investment portfolio is borne by the Policyholder. If you are thinking of investing, the first thing you need to do is work out what yor personal and financial goals are. Identifying the things in life that are important to you-like owning a house, starting a family or having enough for the kids' education-will help you work out the lifestyle you want, and the amount of money you will need to achieve it. Understanding your goals will give you the basis for developing your investment or financial plan. By answering these questions, Shriram Life can help you get started with Shriram Fortune Builder Insurance Plan, a single premium unit linked insurance plan.
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Minimum Entry Age
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0 years
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Maximum Entry Age
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65 years
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Maximum Maturity Age
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75 years
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Maximum Policy Term
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10/15/20 years (fixed )
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Premium Paying Term
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Single
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Minimum Premium
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Rs.25000
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Benefits
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| Particulars | Description |
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Maturity Benefits
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On survival of the Life Assured up to the end of the policy term, the Fund Value (including top-up fund value) will be payable.
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Death Benefits
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Sum assured or the value of the units in Life Assured's unit account, subject to a minimum of 105% of total premiums paid till the time of death is payable to the nominee and the policy will terminate.
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Tax Benefits
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| Section | Description |
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SEC 80 C
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Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.
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SEC 10 (10)D
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Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.
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Transparency:Policyholder can see exactly where his/her money goes andhow it's being used.
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Diversification:Invest across a range of asset classes.
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Liquidity:Gives you access to the fund in the form of partial withdrawals.
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Tax Benefit:Tax benefit under Income Tax Act,1961.
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Flexibility:.Option to invest surplus fund as top-ups during the policy term .Option to switch your unit fund from time to time..Option to continue investment growth after maturity by selecting setlement option.
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Accelerator Fund
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Balancer Fund
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Defender Fund
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Discontinued Policy Fund
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Maximus Fund
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Preserver Fund
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Tyaseer Fund
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Particulars
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Range
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Accelerator Fund
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Equity
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90% - 100%
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Short term liquid assets
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0% - 10%
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Balancer Fund
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Equity
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40% - 60%
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Debt Money Market & Cash
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40% - 60%
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Defender Fund
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Equity
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0% - 35%
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Debt, Money Market & Cash
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65% - 100%
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Maximus Fund
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Equity
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0% - 70%
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Debt
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10% - 100%
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Short term liquid assets
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0% - 20%
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Preserver Fund
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Debt, Money Market & Cash
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0% - 100%
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Tyaseer Fund
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Equity
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90% - 100
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Debt, Money Market & Cash
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0% - 10%
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Accelerator Fund
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22-May-13
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13.84
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Balancer Fund
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22-May-13
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11.97
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Defender Fund
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22-May-13
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12.59
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Discontinued Policy Fund
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22-May-13
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11.52
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Maximus Fund
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22-May-13
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18.07
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Preserver Fund
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22-May-13
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12.83
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Tyaseer Fund
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22-May-13
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10.67
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Accelerator Fund
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Balancer Fund
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Defender Fund
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Discontinued Policy Fund
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Maximus Fund
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Preserver Fund
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Tyaseer Fund
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10-Jun-09
14:26
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Increasing stake in Shriram Life Insurance : Sanlam
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29-Jan-09
16:51
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Insurers to inform consumer on bouncing of cheque
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29-Oct-08
12:05
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IRDA asks ULIP performance report
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