Shriram Life Golden Jubilee Plan

Eligibility Criteria for the Shriram Life Golden Jubilee Plan

Features of the Shriram Life Golden Jubilee Plan

Some of the key features of the Shriram Life Golden Jubilee Plan include:

• The plan offers several fund choices that let you invest based on your risk tolerance and financial objectives.
• It offers unlimited free switches and premium redirection, providing flexibility in managing investments.
• The plan also includes an Auto Transfer Option (ATO) that helps curb market volatility by transferring funds in small increments.
• Wealth boosters are also added periodically and will maintain your total fund value over time.
• It also provides for the allocation of returns of premium and mortality charges, subject to policy terms.
• The scheme includes life insurance to protect your family.
• You can choose Life Goal or Legacy based on your long-term goals.

You can explore more options under Shriram Life Investment Plans to compare similar retirement-focused offerings and choose what fits your long-term goals best.

Benefits of the Shriram Life Golden Jubilee Plan

Shriram Life Golden Jubilee Plan is an investment and protection plan. It can accommodate the same people who would like to enjoy long-term savings and life insurance cover.

• Maturity Benefit: At the maturity of the policy, the fund value, both with the base fund and the top-up fund, will be given out at the existing NAV.
• Death Benefit: In the event of the policyholder passing on during the policy term, the nominee will receive benefits on the option that was selected:
  • Whichever is higher, either the sum assured or the fund value, or
  • The sum assured plus fund value (according to the choice made)
  • The death benefit is not less than 105 percent of the total premiums paid.
• Wealth Creation: The plan would allow you to build your investment over time using market-linked funds.
• Flexibility: You can make changes to the money, redirect the premiums, and even make part withdrawal on the policy terms.
• Tax Benefits: The amounts paid in the form of premiums and benefits collected may be subject to tax benefits under applicable laws.

Riders Under the Shriram Life Golden Jubilee Plan

The Shriram Life Golden Jubilee Plan provides additional security with optional riders. These include:

• Accidental Death and Disability Rider.
• Accidental Death and Disability Income Rider.
• Critical Illness Care Rider

These riders may be introduced to provide increased coverage to the plan.

Policy Details of the Shriram Life Golden Jubilee Plan

Understanding the policy details helps you make informed decisions about this savings plan.

1. Grace Period

   A 15-day grace period (monthly mode) and a 30-day grace period (other modes) are granted, during which the premium must be paid. This is the policy that is still in operation.

2. Revival

   The policy can also be revived after three years from the date of the initial unpaid premium, subject to the terms and conditions.

3. Free Look Period

   You will have 15 days (30 days for distance marketing) to review the policy and revoke it if you are not satisfied.

4. Give up

   The policy can be abandoned after the lock-in period has passed. The value will be conclusive on the policy terms.

5. Fund Switching

   You can switch the funds at no additional cost throughout the policy term.

If you are looking to diversify your financial strategy, you can also explore investment plans that combine savings with potential wealth creation over time.

Exclusions Under the Shriram Life Golden Jubilee Plan

The exclusions to the Shriram Life Golden Jubilee Plan should be known.

• Suicidal Cover: This benefit will be in case of the death occurring due to suicide within 12 months of policy commencement or revival.
• Total Permanent Disability (TPD): It is not part of the base plan, but it can be added as a rider.