Build your wealth today. Save for tomorrow with Shriram Life Fortune Builder
Premium Components of Shriram Life Fortune Builder
The Shriram Life Fortune Builder is a single premium, unit-linked, non-participating life insurance plan that provides long-term life insurance protection and savings benefits.
Premium for Coverage
The policy covers the risk of premature demise and the payment made for this purpose is called the risk premium. This ensures that the policy holder's family will receive a lump sum payout in the event of an untimely death during the policy term.
Upon maturity, the policy holder will receive the Sum Assured in instalments, providing a savings corpus for future needs. To build this corpus, the policy holder is required to pay a premium.
Partial withdrawals can only be made after the fifth policy anniversary. The policy holder is permitted one free partial withdrawal during the policy term. The subsequent withdrawals will be charged ₹250 on the unit fund.
Additional Protection with Riders (Add On)
Shriram Life Fortune Builder offers three riders that can be added to the policy for extra protection, such as the Shriram Life Accidental Death and Disability Income Rider, Shriram Life Critical Illness Care Rider and the Shriram Life Accidental Death and Disability Rider. These riders provide supplementary benefits that increase the policy's coverage at affordable prices. If the policy holder wishes to enhance their coverage, they may select one of these riders.