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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 Ujjwal Life SP Plan
Shriram Ujjwal Life SP Plan is a Unit Linked Plan with a one –time investment objective designed to maximize investments and also provide life insurance coverage.
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Shriram Life Ulip Plans
- Shriram Ujjwal Life SP Plan
Key Features
- It is a linked Insurance plan with Single Premium payment option
- There are 6 funds available for premium investment:
- Preserver
- Defender
- Balancer
- Maximus
- Accelerator
- Tyaseer
Benefits
- The total Fund Value + Top-up Fund Value (if any) is payable on Maturity
- Alternatively, the maturity benefit can be availed in instalments over 5 years post maturity under the Settlement Option
- On death, Sum Assured + Fund Value + Top-up Sum Assured + Top-up Fund Value (if any) is payable subject to 105% of all premiums paid
- Income tax benefit on the premium paid as per Section 80C and on claims under Section 10(10D) of the Income Tax Act.
Product Specification:
|
|
Minimum |
Maximum |
|
Entry Age (Last Birthday) |
7 years |
65 years |
|
Maturity Age (Last Birthday) |
- |
75 years |
|
Policy Term (PT) in years |
10 |
|
|
Premium Paying Term (PPT) in years |
Single |
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|
Yearly Premium |
35,000 |
No limit |
|
Sum Assured |
125% of SA for ages<45 yrs. 110% of SA for ages>=45 yrs. |
No limit
|
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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Policy Details
Grace Period: 30 days grace period is allowed for payment of premium. If policyholder fails to make payment within the grace period, the policy lapses
Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 5 completed years. If surrendered before 5 years, the fund value net of discontinuation charge will be credited to the Discontinued Policy Fund where it will earn a minimum of 4% p.a. growth. After completion of 5 years, the fund value in the Discontinued Policy fund as on that date will be paid to the policyholder. If surrendered after 5 completed policy years, the entire Fund value on the date of surrender is paid without any charges
Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.
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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Inclusions
- The policy provides for top-up premiums whereby the Fund Value and the corresponding Sum Assured can be increased through investing additional premium
- Partial Withdrawals are allowed from 6th policy year subject to a minimum of Rs.10,000
- 2 free switches are allowed per policy year
Exclusions
- The benefit paid in case of suicide within 12 months of policy inception is the fund value as on that date.
Documents Required
Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.
Insurers Offering ULIPs
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