OTP Verification
Please Enter OTP that has been sent to your registered
mobile number +91
Shriram Life Fortune Builder
What is Shriram Life Fortune Builder?
Shriram Life Fortune Builder (UIN: 128L038V03) is a single premium, unit-linked, non-participating life insurance plan that provides long-term life insurance protection and savings benefits. Here are some of its key features:
- Multiple funds and savings strategies to customise your savings plan
- Flexible options to choose your policy terms
- Unlimited fund switches free of cost
- Lump sum premium paying option available
- Affordable premium with a high sum insured
- Claim tax benefits as a policy holder for tax savings.
Policy Type
Investment Plans
Policy Term
10, 15, 20 years
Minimum Premium
₹25,000
Maximum Exit Age
75 years
Features and Benefits of the Shriram Life Fortune Builder
Multiple Funds and Saving Strategies to Choose From
Shriram Life Fortune Builder offers a variety of funds and saving strategies for policyholders to select from based on their saving goals and risk appetite.
Choice of Policy Term
Policyholders can select a policy term of 10, 15 or 20 years based on their financial goals and needs.
Unlimited Fund Switches Free of Cost
Policyholders can switch between different funds offered under the policy as often as they want without incurring additional charges.
Additional Protection Through Riders
Policyholders can enhance their protection by opting for additional riders such as Shriram Life Accidental Death and Disability Income Rider, Shriram Life Critical Illness Care Rider, and Shriram Life Accidental Death and Disability Rider.
Settlement Options
Policyholders can receive their maturity benefit in a lump sum or instalments using the Settlement Option. This facility allows policyholder to receive payments on a yearly, half-yearly, quarterly or monthly basis over a period of one to five years post maturity.
Top-up Premiums
Policyholders can make top-up premiums at irregular intervals in addition to their regular premiums. Top-up premiums are treated as single premiums and offer insurance coverage at 125% of the top-up premium. These are also exempt from discontinuance charges.
How to Apply for Shriram Life Fortune Builder
You can apply for Shriram Life Fortune Builder in four easy steps:
Step 01
Register using your Mobile Number
Step 02
Verify and Proceed using OTP
Step 03
Receive a Call from our representative
How to Claim for Shriram Life Fortune Builder
You can submit death claims, disability claims, cancer care claims and critical Illness claims for your Shriram Life Fortune Builder online on our website by following simple steps provided below.
Step 01
Come to the claim center, select intimate claim Button
Step 02
Choose in the dropdown Request Type - death
Step 03
Fill the details of insurer, death event, details of doctor who declared death (Doctor -Non mandatory)
Step 04
Fill the personal and bank details of claimants and upload the documents
Documents to be uploaded
- Death certificate issued by Local Body/Municipal Body
- Nominee bank passbook
- Postmortem report
- Claim form B
- Claim form A
- Policy Document
- Hospital Summary/Hospital records
- Nominee ID proof (ID proof /address Proof)
- FIR/ Panchnama/ Inquest Report and final investigation report
- Upload Signature of claimant
- Copy of driving license if Life Assured was driving the vehicle at the time of accident (applicable if Rider is opted)
- NEFT mandate form
- Claims form C and E wherever applicable
Eligibility Criteria for Shriram Life Fortune Builder
| Eligibility Criteria | Limits |
|---|---|
| Age Criteria | Entry Minimum: 0 years Maximum: 65 years (age last birthday) |
| Maximum Maturity Age | Age 75 years (age last birthday) |
| Policy Term | 10, 15, 20 years |
| Premium Paying Term | Single |
| Annual Premium | Minimum: ₹25,000 Maximum: No limit, subject to Board approved underwriting policy. |
What does the Shriram Life Fortune Builder cover?
The Shriram Life Fortune Builder plan provides death benefits that pay either the Sum Assured or base premium fund value, whichever is higher. There is also a minimum death benefit of 105% of the total premiums received. If the policy holder survives until the end of the policy term, the total fund value will be paid out. The plan allows for partial withdrawals, with one free partial withdrawal allowed during the policy term. After that, a charge of ₹250 will be levied on subsequent withdrawals. The policyholder can select a lump sum or instalment-based maturity benefit using a settlement option. Riders, such as the Shriram Life Accidental Death and Disability Rider, Shriram Life Accidental Death and Disability Income Rider and Shriram Life Critical Illness Care Rider, are available for additional protection. Alterations are allowed during the policy term, with riders and reductions to the Sum Assured possible and partial withdrawals can be made after the fifth policy anniversary. The policyholder can make a maximum of one free switch per policy year.
Download Documents for Shriram Life Fortune Builder
We provide easy and convenient access to all policy-related documents for our customers through our website, www.shriramlife.com. You can easily download policy documents, brochures and presentations from the download section on the policy page, ensuring you have all the information you need at your fingertips.
FAQ's
What does the Shriram Life Fortune Builder cover?
The Shriram Life Fortune Builder provides a death benefit, allows for partial withdrawals, offers a settlement option and includes riders for additional protection.
What is the eligibility criteria for Shriram Life Fortune Builder?
The policy is available to individuals aged between 0 to 65 years and the policy term is 10, 15 or 20 years. The premium can be paid yearly, half-yearly, quarterly or monthly, with a minimum annual premium of ₹25,000.
Can I make partial withdrawals from my Shriram Life Fortune Builder policy?
One free partial withdrawal is allowed during the policy term after the fifth policy anniversary. However, a partial withdrawal charge of ₹250 will be levied on subsequent withdrawals.
What additional protection is available with Shriram Life Fortune Builder?
Riders, such as the Shriram Life Accidental Death and Disability Rider, Shriram Life Accidental Death and Disability Income Rider and Shriram Life Critical Illness Care Rider, are available as add-ons for additional protection. Riders can be chosen to enhance the policy's coverage at reasonable prices.
Testimonials
What our customers say about us
Abha
Rasiya
Nagamani
Manjunath
Abha