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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 Plus II
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Plan Nature
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ULIP
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Plan Category
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Protection Plan
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UIN No.
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128L027V01
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About Plan
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SHRIRAM - II is an unit linked regular premium plan with Annual Premium Increase Option, Auto Transfer Option, Cover Plus Option, Settlement Option, Partial Withdrawal Option, Top- Up Option, Surrender Option and Investment (fund) Option.
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Minimum Entry Age
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0years.
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Maximum Entry Age
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50years.
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Maximum Maturity Age
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75years.
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Minimum Policy Term
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10years.
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Maximum Policy Term
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25years.
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Premium Paying Term
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same as policy term.
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Minimum Sum Assured
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5 * Annualized Premium.
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Maximum Sum Assured
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Subject to underwriting consideration.
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Benefits
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| Particulars | Description |
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Maturity Benefits
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On surviving up to the end of the policy term, the value of the units as on date of maturity will be paid to the policyholder.
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Death Benefits
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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 as death benefit.
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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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| No data for Plan Speciality |
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Accelerator Fund
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Balancer Fund
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Defender 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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21-May-13
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13.91
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Balancer Fund
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21-May-13
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12.01
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Defender Fund
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21-May-13
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12.61
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Maximus Fund
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21-May-13
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18.13
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Preserver Fund
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21-May-13
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12.83
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Tyaseer Fund
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21-May-13
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10.65
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Accelerator Fund
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Balancer Fund
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Defender 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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