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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 Pension Plan
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Plan Nature
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ULIP
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Plan Category
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Pension Plan
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UIN No.
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128L022V01
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About Plan
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Shriram Pension Plan, besides helping you to make large tax savings, provides you with an adequateincome on retirement that takes care of all your needs. This is a regular premium unit linked plan, in which, premiums will be allocated to the policyholder unit fund at the stipulated time periods and defined charges will be deducted by cancellation of units each year till the policy becomes a claim.
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Minimum Entry Age
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18years
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Maximum Entry Age
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55years
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Minimum Policy Term
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10years
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Maximum Policy Term
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47years
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Benefits
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| Particulars | Description |
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Partial Withdrawal Benefit
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Policyholder has a facility to withdraw his units partially. The minimum value of the units withdrawn should be at least Rs.10, 000/ü] and this facility is available twice in a year without any charge.
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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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This option reduces the risk of investing the full premium into a fund with a volatile NAV, by allowing premiums to be invested in a low risk Fund ôSecure Plusö and gradually transferring the money into chosen investment portfolio.
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The policyholder has an option to contribute in lump sum any time before the end of the policy term, to increase the number of units to his credit, if the policy is in force. However, such lump sum payment should be at least Rs.5,000/- per payment. A lock in period of three years shall apply for each top up premium, except during the last three years of the policy term.
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The Policyholder can switch from one fund to another fund out of the funds mentioned above, or change the percentages of funds chosen earlier. The policyholder can switch two times in a year without any charge.
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Policyholder has a facility to withdraw his units partially. The minimum value of the units withdrawn should be at least Rs.10, 000/- and this facility is available twice in a year without any charge.
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- It is a hassle free, pure investment plan with zero Sum Assured to deliver maximum.possible returns at the end of the policy term.- Built in auto transfer option to mitigate your investment risks- Options to choose the term for which you wish to pay the premiums and vesting ageaccording to your retirement age.- Choice of 4 investment funds with best investment strategy to invest your money, asper your risk appetite.- Total transparency, so you know the amount of premium invested and you can have aclear idea on your investment return.- Option to buy the best immediate annuity plan in the market at the time of retirement- Avail tax benefits under Income Tax Act 1961.
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This is a regular premium unit linked plan, in which, premiums will be allocated to the policyholder unit fund at the stipulated time periods and defined charges will be deducted by cancellation of units each year till the policy becomes a claim.
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Particulars
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Range
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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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Secure Plus Fund
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22-May-13
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12.59
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Tyaseer Fund
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22-May-13
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10.67
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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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