Shriram Fortune Builder Plan
In this policy, the investment risk in the investment portfolio is borne by the policyholder.
The Linked Insurance products do not offer any liquidity during the first five years of the contract. The policyholders will not be able to surrender/withdraw the monies invested in Linked Insurance Products completely or partially till the end of fifth year.
Shriram Fortune Builder Plan (UIN: 128L038V03) is a single premium unit linked insurance plan designed for individuals who do not have a regular cash flow to sustain premium payments each year on the due date. This plan s ideal for those who travel and may not remember premium due dates or those who have a lump sum amount available to complete their insurance requirement in one time.
Multiple funds and investment strategies to choose from
Choice of Policy Term – 10, 15, 20 years
Unlimited fund switches free of cost
Additional protection through Riders
If the life assured survives till the end of the policy term, the total fund value will be payable.
In case of death of Life Assured during the policy term:
- Sum Assured ( less partial withdrawals)
- Base premium fund value
- Top-up Sum Assured
- Top-up premium fund value
Will be paid to the nominee(s) or beneficiary(ies) and the policy will be terminated
0 Years ^
No Limit, Subject to Board approved underwriting policy.
10 / 15 / 20 Years
No Limit, subject to Board approved underwriting policy.
PREMIUM PAYING TERM
RIDERS (Add Ons)
Shriram Accidental Death & Disability Rider (UIN – 128A012V01)
Shriram Accidental Death & Disability Income Rider (UIN – 128A013V01)
Critical Illness Care Rider
(UIN – 128A014V01)
Unit Linked life insurance products are different from traditional insurance products and are subject to the market risk factors.
The premium paid in Unit Linked insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of the fund and factors influencing the capital market and the insured is responsible for his / her decisions.
Shriram Life is only the name of the Life insurance company and Shriram Fortune Builder Insurance Plan is only the name of the unit linked insurance contract and does not in any way indicate the quality of the plan, its future prospects or returns.
Please know the associated risks and the applicable charges, from your insurance agent or the intermediary or policy document issued by the insurance company.
The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects or returns.
The past performance of the fund options is not indicative of future performance of these funds.
^ Risk cover starts from date of commencement of policy for all lives including minors. In case of a minor life, the policy will vest in the Life Assured on attainment of age 18 years.
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.
IRDAI Regn No. 128
BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRADULENT OFFERS
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
The Trade Logo displayed above belongs to Shriram Value Services Limited (“SVS”) and used by Shriram Life Insurance Company Limited under a License agreement.”
ARN – SLIC/Content/Dec 2020/45
Read the policy document here