|
|
|
|
|
|
|
Insurance Company
|
Shriram Life Insurance Company Ltd
|
|
Plan Name
|
Shriram Future Wealth II
|
|
Plan Nature
|
ULIP
|
|
Plan Category
|
Protection Plan
|
|
UIN No.
|
128L026V01
|
|
About Plan
|
SHRIRAM FUTURE WEALTH - II plan can be used for achieving policyholders long term objectives (Children education, Children marriage, Retirement planning) with an adequate income plus Future Wealth Loyality addition. Each year, units in the chosen unit fund will be allotted, and defined charges will be deducted by cancellation of units each year till the policy becomes a claim. The plan can also serve as a systematic Savings plan with insurance.
|
|
|
|
|
|
|
|
Minimum Entry Age
|
0years
|
|
Maximum Entry Age
|
60years
|
|
Maximum Maturity Age
|
75years
|
|
Minimum Policy Term
|
15years
|
|
Maximum Policy Term
|
25years
|
|
Minimum Sum Assured
|
5 * Annualized Premium
|
|
Maximum Sum Assured
|
Subject to underwriting consideration
|
|
|
|
|
|
|
|
|
|
Benefits
|
|
|
| Particulars | Description |
|
Maturity Benefits
|
On surviving up to the end of the policy term, the value of the units will be paid.
|
|
Death Benefits
|
In case of death before the end of the policy term, Sum Assured or the value of the units whichever is higher in the Life Assured's unit account, is payable to the nominee. If policyholder opts Cover plus, the death benefit equal to Sum Assured + Value of the units will be paid.In case of minor lives risk cover starts from the age of 7 years last birth day or after 2 years from the date of commencement of policy, whichever is later. In case death occurs before commencement of risk the value of units will be paid
|
|
Surrender Benefit
|
Policyholder can surrender his policy after the end of the third policy anniversary.
|
|
Accident Benefit
|
In the event of the death of the life assured due to an accident or in the event of the life assuredbecoming totally and permanently disabled due to an accident within the policy term, sum assuredunder the Rider will become payable.
|
|
|
|
Tax Benefits
|
|
|
| Section | Description |
|
SEC 80 C
|
Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.
|
|
SEC 10 (10)D
|
Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.
|
|
|
|
|
|
|
|
|
|
|
|
Future wealth benefits: Amazing benefit structure boosts your unit account on 5th, 10th, 15th, 20th and 25th policy anniversaries.
|
|
Invest your surplus money in the form of Top up premiums.
|
|
Total transparency, so you know the amount of premium invested and you can have a clear idea on your investment return.
|
|
Dual benefit of market linked return and insurance protection
|
|
The plan helps you to grow your premiums as you like with best investment strategy of our funds.
|
|
Shriram Future Wealth serves you better with Annual Premium Increase Option, Auto Transfer Option, Cover plus Option and Accident Shield Rider.
|
|
|
|
|
|
|
|
|
|
Accelerator Fund
|
|
Balancer Fund
|
|
Defender Fund
|
|
Maximus Fund
|
|
Preserver Fund
|
|
Tyaseer Fund
|
|
|
|
Particulars
|
Range
|
|
Accelerator Fund
|
|
Equity
|
90% - 100%
|
|
Short term liquid assets
|
0% - 10%
|
|
Balancer Fund
|
|
Equity
|
40% - 60%
|
|
Debt Money Market & Cash
|
40% - 60%
|
|
Defender Fund
|
|
Equity
|
0% - 35%
|
|
Debt, Money Market & Cash
|
65% - 100%
|
|
Maximus Fund
|
|
Equity
|
0% - 70%
|
|
Debt
|
10% - 100%
|
|
Short term liquid assets
|
0% - 20%
|
|
Preserver Fund
|
|
Debt, Money Market & Cash
|
0% - 100%
|
|
Tyaseer Fund
|
|
Equity
|
90% - 100
|
|
Debt, Money Market & Cash
|
0% - 10%
|
|
|
|
|
|
|
|
|
|
|
Accelerator Fund
|
17-May-13
|
14.17
|
|
Balancer Fund
|
17-May-13
|
12.13
|
|
Defender Fund
|
17-May-13
|
12.67
|
|
Maximus Fund
|
17-May-13
|
18.35
|
|
Preserver Fund
|
17-May-13
|
12.83
|
|
Tyaseer Fund
|
17-May-13
|
10.74
|
|
|
|
|
|
|
|
|
|
|
Accelerator Fund
|
|
Balancer Fund
|
|
Defender Fund
|
|
Maximus Fund
|
|
Preserver Fund
|
|
Tyaseer Fund
|
|
|
|
|
|
|
|
|
10-Jun-09
14:26
|
Increasing stake in Shriram Life Insurance : Sanlam
|
|
29-Jan-09
16:51
|
Insurers to inform consumer on bouncing of cheque
|
|
29-Oct-08
12:05
|
IRDA asks ULIP performance report
|
|
|
|
|
View another Plan
|
|
|
|
|
Insurance Company
|
|
|
|
|
Solution for
|
|
|
|
|
Type
|
|
|
|
|
Category
|
|
|
|
|
Plan
|
|
|
|
|
|
|