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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 (SP) 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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128L025V01
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About Plan
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SHRIRAM SHRI PLUS- 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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0 years age last birthday.
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Maximum Entry Age
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50years age last birthday
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Minimum Policy Term
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10,15,20,25 years fixed.
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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 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 for Cover plus option, the death benefit equal to Sum Assured + Value of the units will be paid.
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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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