Shriram Life Growth Plus

Shriram Life Growth Plus (UIN: 128L066V02) 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

  • Profit generating fund options

  • Loyalty additions

  • Nil fund switching & redirection charges

  • Additional life cover with Riders

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

ELIGIBILITY

ENTRY AGE

Minimum

30 Days

Maximum

60 Yrs

(As on last birthday)

Maturity Age

Minimum

18 Yrs

Maximum

70 Yrs

(As on last birthday)

POLICY TERM

10, 15 to 20 Yrs

PREMIUM PAYMENT TERM

Regular

same as policy term

Limited

6 Yrs

Single

Single

Minimum Sum Assured

Regular

Rs. 2,10,000

Limited

Rs. 4,20,000

Single

Rs. 55,000

MAXIMUM SUM ASSURED

Regular/Limited

10 times annualized premium

Single Premium

1.25 to 10 times *single premium

(*Subject to age at entry)

RIDERS (Add Ons)

Accident Benefit Rider

Provides assistance to Life Assured, in the event of permanent / total disability due to an accident.

Family Income Benefit

Provides additional protection to the family for a nominal premium.

Critical Illness Cover

Provides a benefit to help cover medical and rehabilitation costs associated with critical ailments.

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.