A chance to get more than you hope for...
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. This ULIP Insurance policy can also be taken on other lives, where other lives can be spouse, child and grandchild.
Two death benefit options
Choice of Premium Paying Term – Single, Limited, Regular
Unlimited Switching & Premium Redirection free of cost
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
will be paid to nominee(s)/beneficiary(ies) and the policy will be terminated.
7 times the
annualised premium for Limited and Regular
1.25 times the annualised premium for Single
15 – 20 Years
Maximum, No Limit, Subject to Board approved underwriting policy.
A Unit-Linked Insurance Plan is essentially a combination of insurance and investment. A portion of the premium paid by the policyholder is utilized to provide insurance coverage to the policyholder and the remaining portion is invested in equity and debt instruments. The aggregate premiums collected by the insurance company is pooled and invested in varying proportions of debt and equity securities in a similar manner to mutual funds based on policy holder’s investment needs and risk appetite.
Unit Linked Life Insurance products are different from the Traditional Life Insurance products and are subject to the 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 fund and factors influencing the capital market and the insured is responsible for his/her decisions.
Shriram Life is only the name of the 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 contract, its future prospects or returns.
Please know the associated risks and the applicable charges, from your insurance agent or the Intermediary or policy document of the insurer.
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 and returns.
The past performance of the funds of the company is not necessarily an indication of the future performance of any of the funds.
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
* Terms and Conditions Apply