Shriram Life Fortune Builder

Shriram Life Fortune Builder is a plan that assists individuals who do not have a regular stream of income, such as salaried people, for example. It is a unit-linked policy and a single premium, which helps those people with irregular cash flows not worry about premium payments and premium due dates.

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This plan is ideal for those who travel extensively, who may not remember to pay their premiums within the due date so that if they have a lump sum amount, they can pay the premium in one shot. * Buy Shriram Life Fortune Builder for multiple policy term choices, 10, 15, 20 years. Unlimited fund switches are allowed free of cost. Additional protection is available through riders. 

*Terms and Conditions apply

Shriram Life Fortune Builder Details:



Policy Tenure

10, 15, or 20 years

Premium Paying Term

Single premium policy

Premium Paying Mode

Shriram Life Fortune Builder premium has to be paid upon policy commencement. It is a one-time payment

Entry Age

The minimum age is 0 days
the maximum age at entry is 65 years

Maturity Age

Max age at maturity is 75 years

Grace Period

Not applicable for single premium policies

Sum Assured

Minimum sum assured
1.25 X Single premium for age below 45 years
1.10 X Single premium for age 45 years and above
Maximum sum assured
No limit and is subject to board-approved underwriting policy.


Provided the Shriram Life Fortune Builder policy status is in force, partial withdrawals are allowed. Withdrawals can be made only after the 5th policy year. The facility is available only for adults. The minimum withdrawal amount is Rs. 10,000. Only one partial withdrawal is free of charge. 

Benefits of the Shriram Life Fortune Builder

Online Shriram Life Fortune Builder has the following benefits:

  1. Maturity Benefit:

    Upon surviving the policy term, the policyholder receives the total fund value. Base premium fund value and top-up premium fund value is fund value built from base premiums and top-up premiums. The total fund value is the sum of the base premium and top-up premium fund values. Total premiums paid also include any top-up premiums paid. The fund value is calculated as the number of units in credit multiplied by the applicable net asset value.  

  2. Death Benefit:

    In case of unfortunate death of the policyholder during the policy term, the higher the sum assured (less partial withdrawals) or the base premium value is given. This amount is added with the higher top-up sum assured and top-up premium fund value. The minimum death benefit is 105% of the total premiums received. In case of the death of a minor, all premiums paid shall be refunded and the policy will be subsequently terminated.  

  3. Surrender Benefit:

    If the policy is discontinued, the policy is treated as discontinued and transferred to the discontinued policy fund. After the lock-in period of 5 years, the discontinued policy fund is paid to the policyholder. If the policy is surrendered after 5 years of policy completion, that is, after the lock-in period, the unit fund value of the insured is paid without any penalty. 

  4. Tax Benefits:

    Tax benefits can be availed on the paid premiums and as per existing tax laws benefits are received by the insured, as per Shriram Life Fortune Builder Income. Tax benefits for the Shriram Life Fortune Builder plan can be claimed under Section 10(10D) and Section 80C of the Income Tax Act, 1961.

    * Tax benefit is subject to changes in tax laws

The Premiums for Shriram Life Fortune Builder

The online Shriram Life Fortune Builder policy has a single premium. * Minimum premium is Rs. 25,000. There is no maximum premium limit, and it is subject to board-approved underwriting policy.

Use the Shriram Life Fortune Builder calculator to compute the premium.

*Standard T&C Apply

Additional Riders for Shriram Life Fortune Builder

Additional riders can be taken apart from paying Shriram Life Fortune Builder premium. The additional riders that can be bought are Shriram Accidental Death & Disability Rider, Shriram Accidental Death & Disability Income Rider, and Shriram Critical Illness Care Rider. The rider charges will be levied by canceling an appropriate number of units every month from the unit fund.

Eligibility for Shriram Life Fortune Builder

The minimum age at entry for the Shriram Life Fortune Builder policy is 0 days and the maximum age for entry is 65 years. Max age at maturity is 75 years. 

What are the documents required to buy this policy?

To buy Shriram Life Fortune Builder, the following documents are required:

  • Identity proof -  Aadhar card, voter's card, or passport
  • Address proof - Aadhar card, driving license, ration card, voter's card, or passport
  • Income proof - Income tax returns or salary slips

How to buy this plan online?

The Shriram Life Fortune Builder can be purchased online. 

Step 1: Visit the official website of Policybazaar Insurance Brokers Private Limited (formerly known as Policybazaar Insurance Web Aggregator Private Limited). Fill in the required details in the form. 

Step 2: You will be redirected to a quotes page where you will have to choose the Shriram Life Fortune Builder Plan.

Step 3: Use the premium Shriram Life Fortune Builder calculator to compute the premium amount every month. 

Step 4: To make an informed purchase, fill the pre-purchase form. Allow an insurance advisor to contact. Get the required details. 

Step 5: Another way is to get access to the product brochure. Go through the details. Then buy online. Payment can be made online too. Premium payments can be set up to automatically be debited from the bank account. 

Exclusions of Shriram Life Fortune Builder

Shriram Life Fortune Builder reviews indicate that though it is a comprehensive plan, it does have exclusions, similar to other plans.  

If the life assured’s death is because of suicide within a year from the risk commencement date or policy revival date, the nominee receives 100% of the fund value. Any fund management charges, if recovered after the date of death will be remitted back into the fund corpus.


*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
*Tax benefit is subject to changes in tax laws
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
~Source - Google Review Rating available on:-

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Average Rating
(Based on 24 Reviews)
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Shriram Life Fortune Builder Reviews & Ratings

4 / 5 (Based on 24 Reviews)
(Showing Newest 10 reviews)
Narsimhapur, March 20, 2019
Best plan for working woman’s
I was amazed to see the plans of Shriram ULIP Plan as it offers good plan especially for working woman. It provide financial protection apart from life. I am enjoying its services.
Dehradun, August 26, 2016
Trustable Insurance
Recently i purchased ulip plan by searching on internet. Policy have big benefits in less investment. The customer services is very nice. I buy this for my whole family and all are happy with it. The payback amount is very good with you gave.
Jalalpur, July 12, 2016
ULIP Policy
Ulip policy is very good insurance, service provided by your department is fantastic. Premium is low and returns are high. The claiming is easy because the members of the company provide fantastic service.
Ambala, June 30, 2016
Good Plan
Superb ulip insurance plan which i purchase in low premiums. Policy coverage is high and claims are easy to sanctioned due to fast service facilitate by the company members. Service is on time and web service is simple to use anybody can operate it easily.
Dwarka, May 10, 2016
Perfect Policy Plan
The policy coverage is 94%, the claims are high and the claiming is easy because of the executives and the staff members. The services provided by you shriram life insurance is very fast and on time. My ulip plan is having great benefits. The premiums is less ~39.9 K and the returns are ~Rs.42 L. Good investment, i like it.
Raj_nagar, May 10, 2016
Great Policy
I have shriram life ulip plan. The plan works for me. Policy coverage is also good ~92% with good amount of claims. Service provided by you is great and the web services are also nice. This policy plan is good reducer of taxes and future investment also. I got regular updates, This i like the most.
Nasirabad, May 10, 2016
Superb Plan
My ulip plan is with shriram life insurance. The policy plan is very nice with low premiums. The policy coverage is high ~87% and claims are good. Perfect policy for future investments and the policy saves taxes also. The behaviour of the executives and staff members are good. I like my policy plan.
Raipur, May 10, 2016
Excellent Policy
I purchase shriram life ulip plan. The policy coverage is 88% and the premiums are low. The claims are good and the procedure is very easy and cleared in short time period. The services are fast and on time. The behaviour of the executives and staff members are very nice. Nice future investment which saves taxes too.
Jorhat, May 10, 2016
Awesome Plan
My ulip plan is with shriram life insurance. The policy coverage is high 89% and the claims are good. Premiums are less ~44 K per year and the returns are around 31 L. Services are really fast and the response through executives and staff members are nice. Daily updates mailed to me timely.
Shahabad, May 10, 2016
Trustworthy Policy
Shriram life insurance provides me ulip plan. I have to say this that the policy is very good and the terms and conditions are very reliable and flexible. Policy coverage is 93% and the service is okay with good behaviour from executives and staff members. Good tax saver.

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