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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 Wealth Plus
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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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128L036V01
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About Plan
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Often you are asked to select between a Savings plan and a financial protection plan. However you want to protect your loved ones against unexpected events to ensure they are protected financially even when you are not around, andat the same time maximize your investmets and hence ask Why not both Savings and Financial protection under a single plan Shiriram Life Insurance has definitely heard you and is offering you 'Shriran Life Wealth Plus' a unit linked insurance plan that protects your loved ones and also helps your investments grow.
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Minimum Entry Age
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7 years age last birthday
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Maximum Entry Age
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65 years age last birthday
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Maximum Maturity Age
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75 years age last birthday
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Maximum Policy Term
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10 years (or) 15 to 25 years
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Premium Paying Term
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RP : 10 years (or) 15 to 25 yearsSPPT : 5 years/10 years/15 years/20 years
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Minimum Premium
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Annual Rs.12000Half Yearly Rs.7500Quarterly Rs.5000Monthly Rs.2000
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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 Benefit payable is:. The value of the units in the Life Assureds' unit account plus. Top up fund value (if any)
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Death Benefits
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In case of death of Life Assured-If the policy is in force, the Death Benefit payable to the nominee(s) is:. Basic Sum Assured plus. The value of the units in the Life Assureds' unit account plus. Top-up sum assured (if any) plus. Top-up fund value (if any)If the policy is in discontinuance state, the Death Benefit payable to the nominee(s) is:. The discontinued fund value under the policy. With an addition of minimum interest @ 3.5% pa compounded yearly from date of discontinuance to date of intimation of death
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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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Accident Shield [128A003V01]
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TO facilitate flexible premium payment : Short premium paying term option
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To mitigate the investment risk : Auto transfer option, Fund switch option
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To invest surplus money : Top-Up premium option
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To liquidate fund : Partial Withdrawals, Surrenders
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To Increase benefit : Addition riders
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To reduce risk of volatile market&have flexi returns: Settlement 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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17-May-13
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14.17
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Balancer Fund
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17-May-13
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12.13
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Defender Fund
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17-May-13
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12.67
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Discontinued Policy Fund
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17-May-13
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11.5
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Maximus Fund
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17-May-13
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18.35
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Preserver Fund
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17-May-13
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12.83
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Tyaseer Fund
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17-May-13
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10.74
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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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