Shriram Life Growth Plus
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.
Two death benefit options
Unlimited Switching & Premium Redirection free of cost
Choice of Premium Paying Term – Single, Limited, Regular
Additional protection through Riders
Multiple funds and investment strategies to choose from
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)
In case of death of Life Assured during the policy term;
Sum assured plus Top-up sum assured (if any) plus, fund value
- Sum Assured (less partial withdrawals)
- Base premium fund value
- Top-up Sum Assured
- Top-up premium fund value
will be paid to nominee(s)/beneficiary(ies) and the policy will be terminated.
30 Days ^
10, 15 to 20 Years
PREMIUM PAYMENT TERM
Same as policy term
₹ 50,000 for term 10 years
₹ 2,00,000 for term 15 years and above
Yearly: ₹ 60,000
Monthly: ₹ 6,000
Yearly: ₹ 30,000
Monthly: ₹ 3,500
No limit, subject to Board approved underwriting policy.
Minimum Sum Assured
MAXIMUM SUM ASSURED
No Limit, subject to Board approved underwriting policy
RIDERS (Add Ons)
Shriram Accidental Death & Disability Rider (UIN – 128A012V01)
Shriram Accidental Death & Disability Income Rider (UIN – 128A013V01)
Critical Illness Care Rider
(UIN – 128A014V01)
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.
Unit Linked life insurance products are different from traditional life insurance products and are subject to the market risk factors.
The premium paid in Unit Linked life 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 Life Growth Plus 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.
# Provided all the premiums are paid and the policy is in force.
^ 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/Elec/Dec 2020/46