Shriram Life Growth Plus

Shriram Life Growth Plus (UIN: 128L066V03) is a savings oriented unit linked insurance plan which offers both life cover and savings through market linked returns. The plan offers multiple choices in respect of premium payment, fund classes and flexibility of investment. The policy can also be taken on other lives, where other lives can be spouse, child and grandchild.

KEY FEATURES

  • Two death benefit options

  • Unlimited Switching & Premium Redirection free of cost

  • Loyalty additions

  • Choice of Premium Paying Term – Single, Limited, Regular

  • Additional protection through Riders

  • Multiple funds and investment strategies to choose from

KEY BENEFITS

Maturity Benefits

On Survival of the Life Assured up to the end of the policy term, the fund value will be payable where fund value is total of base premium fund value and Top-up premium fund value (if any)

Death Benefits

In case of death of Life Assured during the policy term;

Option 1
Sum assured plus Top-up sum assured (if any) plus, fund value

Option 2
Higher of:

  • Sum Assured (less partial withdrawals)
  • Base premium fund value

Plus

  • Top-up Sum Assured
  • Top-up premium fund value

will be paid to nominee(s)/beneficiary(ies) and the policy will be terminated.

ELIGIBILITY

ENTRY AGE

Minimum

30 Days

Maximum

60 Years

(Age last birthday)

Maturity Age

Minimum

18 Years

Maximum

70 Years

(Age last birthday)

POLICY TERM

10, 15 to 20 Years

PREMIUM PAYMENT TERM

Regular

Same as policy term

Limited

6 Years

Single

Single

PREMIUM

Minimum

Single

₹ 50,000 for term 10 years

₹ 2,00,000 for term 15 years and above

Limited

Yearly: ₹ 60,000

Monthly: ₹ 6,000

Regular

Yearly: ₹ 30,000

Monthly: ₹ 3,500

Maximum

No limit, subject to Board approved underwriting policy.

Minimum Sum Assured

Regular

₹ 2,10,000

Limited

₹ 4,20,000

Single

₹ 62,500

MAXIMUM SUM ASSURED

No Limit, subject to Board approved underwriting policy

RIDERS (Add Ons)

Accident Death Benefit Rider at Shriram Life

Shriram Accidental Death & Disability Rider (UIN – 128A012V01)

Critical Illness Benefit Rider at Shriram Life

Shriram Accidental Death & Disability Income Rider (UIN – 128A013V01)

Critical Illness Benefit Rider at Shriram Life

Shriram
Critical Illness Care Rider
(UIN – 128A014V01)


MORE

  • Accurate personal and health details in the proposal form.

  • Read the policy document carefully as and when you receive the document.

  • Pay all your due premiums on time.

  • In case of any query/service request please contact Customer Care or the nearest branch.

Disclaimer

  • For more details on the risk factors and the terms and conditions please read the sales brochure and/ or sample policy document on our website carefully, and/ or consult our advisor before concluding the sale.

  • Tax benefits are subject to change as per tax laws. Please consult your tax consultant on tax benefits.