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Shriram Fortune Builder Plan is a single premium unit linked insurance plan designed for individuals who do not have a regular cash flow to sustain premium payments each year on the due date.
Shriram Life Fortune Builder
SHRIRAM FORTUNE BUILDER PLAN
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 Fortune Builder Plan is a single premium unit linked insurance plan designed for individuals who do not have a regular cash flow to sustain premium payments each year on the due date. This plan s ideal for those who travel and may not remember premium due dates or those who have a lump sum amount available to complete their insurance requirement in one time.
KEY FEATURES
1. Multiple funds and investment strategies to choose from
2. Choice of Policy Term - 10, 15, 20 years
3. Unlimited fund switches free of cost
4. Additional protection through Riders
KEY BENEFITS
Maturity Benefits
If the life assured survives till the end of the policy term, the total fund value will be payable.
Death Benefits
In case of death of Life Assured during the policy term:
Higher of
1. Sum Assured ( less partial withdrawals)
2. Base premium fund value
PLUS
Higher of
1. Top-up Sum Assured
2. Top-up premium fund value
Will be paid to the nominee(s) or beneficiary(ies) and the policy will be terminated
