Shriram Life Investment Plans

Details of Shriram Life ULIP Investment Plans

ULIP/Investment Plans

Below are the details of the best Shriram Investment Plans: 

1. Shriram Life Growth Plus Plan

   This type of plan combines life insurance coverage with the potential for investment growth. The policyholder's money is invested in market-linked funds, and the returns are linked to the performance of the market.

   • You get life insurance coverage in case of your unfortunate demise while also having the opportunity to grow your money over the long term.

   • Shriram Life Growth Plus offers a variety of investment funds to choose from, allowing you to tailor your investment strategy to your risk appetite and financial goals.

   • Some Shriram Life Growth Plus plans may offer loyalty additions and bonuses, which can enhance your returns.

   • Premiums paid towards Shriram Life Growth Plus may be eligible for tax deductions under Section 80C of the Income Tax Act.

2. Shriram Life Fortune Builder Plan

   • You pay a lump sum amount upfront instead of regular premiums.

   • Unit-linked: Your investment is linked to market units, which have the potential for growth.

   • Provides a guaranteed death benefit to your nominee if you pass away during the policy term. The benefit amount is the higher of the sum assured or the fund value.

   • Choose a policy term that fits your needs, with options like 10, 15, and 20 years.

   • Choose from different investment funds based on your risk tolerance.

   • You can easily switch your investment between funds to adjust your risk profile.

   • You can add optional riders like accidental death benefit, disability benefit, or critical illness benefit for extra coverage.

   • Ideal for those who don't have a regular income stream for paying premiums.

   • Get tax deductions under sections 80C and 10(10D) of the Income Tax Act.

   • The unit-linked nature allows your investment to grow over time.

   • Choose your policy term, investment strategy, and add-on riders for customization.

3. Shriram Life Golden Jubilee Plan

   • Provides financial protection for your family in case of your death during the policy term.

   • Investment: This is a unit-linked plan, which means your money is invested in market-linked funds and has the potential for growth.

   • You receive a lump sum amount at the policy maturity.

   • Choose from different investment funds based on your risk appetite.

   • Switch between funds freely to manage your investment strategy.

   • Allocate your premiums to different funds easily.

   • Withdraw a portion of the fund value after five years (subject to conditions).

   • Increase your coverage by paying additional premiums.

   • Choose how you want to pay your premiums (single premium, regular payments, or limited payments).

   • Enhance your coverage with optional riders like critical illness benefit, accidental death benefit, and disability income benefit (additional charges apply).

   • Get guaranteed bonuses every 5 years (subject to policy terms).

4. Shriram Life Wealth Pro

   Shriram Life Wealth Pro is a Unit Linked Insurance Plan (ULIP) that combines life insurance coverage with investment opportunities. Here are the key features and benefits:

   • Choose from 2 cover options and adjust the coverage level within each option to suit your needs.

   • Invest your premiums in a variety of funds with different investment strategies to match your risk appetite.

   • Switch between funds and redirect premiums free of charge, allowing you to adjust your investment strategy over time.

   • Automate your investments.

   • Get guaranteed bonuses added to your policy value every 5 years (subject to terms and conditions).

   • Choose to receive a portion of your premiums back after the 10th policy year (if all premiums are paid).

   • ULIPs offer tax exemptions on premiums paid under Section 80C and tax-free maturity benefits under Section 10(10D) (subject to conditions).

   • Upon policy maturity, receive the accumulated fund value.

   • In case of death, your nominee receives the sum assured along with accumulated fund value, providing financial security for your loved ones.