Shriram Life Growth Plus is a savings oriented unit linked insurance plan which offers both life cover and savings through market linked returns.
Shriram Life Growth Plus
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.
Shriram Life Growth Plus 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.
1. Two death benefit options
2. Unlimited Switching & Premium Redirection free of cost
3. Loyalty additions
4. Choice of Premium Paying Term - Single, Limited, Regular
5. Additional protection through Riders
6. 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
1. Sum Assured (less partial withdrawals)
2. Base premium fund value
1. Top-up Sum Assured
2. Top-up premium fund value
will be paid to nominee(s)/beneficiary(ies) and the policy will be terminated.