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Shriram Life Fortune Builder Coverages
Life Cover
The amount is paid to the nominee/beneficiary in case of the policyholder’s demise during the policy term. It is the higher of the Sum Assured or the base/top-up premium fund value with a minimum premium of ₹25,000.
Maturity benefit
It is payable if the policy holder survives till the end of the policy term and is equal to the total fund value.
Additional protection through riders
Various riders are available for accidental death/disability, critical illness and accident benefits.
Settlement options
With some conditions, policyholders can receive the maturity benefit as a lump sum or in instalments over one to five years.
Alterations
Policyholders can make changes to their policy, such as reducing the Sum Assured or adding riders, with some restrictions.