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In Unit Linked Insurance Policies, the investment risk is borne by the policyholder. These insurance products do not offer any liquidity in the first 5 years, as they have a mandatory lock-in period of 5 years. During this period, the policyholder cannot fully or partially withdraw the invested amount or surrender the policy.
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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Shri Life ULIP Plans
- Shriram Life Fortune Builder
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:
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Parameters |
Details |
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Policy Tenure |
10, 15, or 20 years |
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Premium Paying Term |
Single premium policy |
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Premium Paying Mode |
Shriram Life Fortune Builder premium has to be paid upon policy commencement. It is a one-time payment |
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Entry Age |
The minimum age is 0 days |
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Maturity Age |
Max age at maturity is 75 years |
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Grace Period |
Not applicable for single premium policies |
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Sum Assured |
Minimum sum assured |
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Liquidity |
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:
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Maturity Benefit:
Upon surviving the policy term, the policyholder receives the total fund value, and choosing the best SIP depends on long-term financial goals, as the base premium fund value and top-up premium fund value are built from base premiums and top-up premiums respectively. The total fund value is the sum of the base premium and top-up premium fund values, while 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.
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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.
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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.
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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
Latest ULIP NAVs
| Fund Name | NAV  |
AUM |
5 Yr Returns |
10 Yr Returns | |
|---|---|---|---|---|---|
| Bandhan Life Debt Fund | ₹40.54 | ₹91 Cr | 5.34% | 6.2% | |
| Bandhan Life Secure Fund | ₹29.14 | ₹48 Cr | 5.33% | 4.5% | |
| Bandhan Life Blue Chip Equity Fund | ₹31.16 | ₹189 Cr | 8.31% | 11.26% | |
| Bandhan Life Stable Fund | ₹33.37 | ₹14 Cr | 5.91% | 8.61% | |
| Bandhan Life Accelerator Fund | ₹48.97 | ₹195 Cr | 10.09% | 12.88% | |
| Bandhan Life Opportunity Fund | ₹41.03 | ₹238 Cr | 13.72% | - | |
| Aegon Balanced | ₹45.36 | ₹12 Cr | 6.22% | 8.76% | |
| Aegon Enhanced Equity | ₹70.58 | ₹104 Cr | 10.25% | 12.55% | |
| Aegon Pension Balanced | ₹51.8 | ₹2 Cr | 7.1% | 9.28% | |
| Aegon Pension Debt | ₹32.22 | ₹4 Cr | 5.18% | 5.99% | |
| Aegon Pension Enhanced Equity | ₹115.3 | ₹15 Cr | 10.72% | 12.86% | |
| Aegon Pension Index | ₹87.63 | ₹5 Cr | 6.38% | 10.95% | |
| Aegon Pension Secure | ₹28.96 | ₹1 Cr | 4.73% | 4.91% | |
| Aegon Life Group Equity Fund | ₹60.89 | ₹11 Cr | 11.26% | - | |
| Bandhan Life Flexi Cap Fund | ₹11.38 | ₹98 Cr | - | - | |
| Bandhan Life Mid Cap Fund | ₹10.07 | ₹92 Cr | - | - |
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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.
FAQ's
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Q1. What are the liquidity options under the Shriram Life Fortune Builder plan?
Ans: Partial payment is given from the fifth policy year onwards. -
Q2. What are premium allocation charges under this plan?
Ans: The premium allocation charges under this plan include 5% of the single premium at the inception and 2% of the top-up premium. -
Q3. What is the policy administration charge?
Ans: First policy year to fifth policy year: 1.25% p.a. on the single premium and top-up premiums paid. The sixth year onwards – no charge. -
Q4. What is the surrender charge?
Ans: No surrender charge is levied. -
Q5. What is the switching charge?
Ans: No switching charge is levied. -
Q6. What is the fund value?
Ans: The value of the units in the insured’s unit account. -
Q7. What is the minimum sum assured?
Ans: 1.25 multiplied by the single premium amount.
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Disclaimer: Policybazaar Insurance Brokers Private Limited does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar Insurance Brokers Private Limited does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^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.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ