Shriram Life Fortune Builder (UIN - 128L038V03)
What is Shriram Life Fortune Builder?
What is Shriram Life Fortune Builder?
Shriram Life Fortune Builder (UIN: 128L038V03) is a single premium, unit-linked, non-participating life insurance plan that provides long-term life insurance protection and savings benefits. Here are some of its key features:
- Multiple funds and savings strategies to customise your savings plan
- Unlimited fund switches free of cost
- Affordable premium with a high sum insured
- Flexible options to choose your policy terms
- Lump sum premium paying option available
- Claim tax benefits as a policy holder for tax savings.
Features of the Shriram Life Fortune Builder
Multiple Funds and Saving Strategies to Choose From
Choice of Policy Term
Unlimited Fund Switches Free of Cost
Additional Protection Through Riders
Settlement Options
Top-up Premiums
Eligibility Criteria for Shriram Life Fortune Builder
| Eligibility Criteria | Limits |
|---|---|
| Age Criteria | Entry Minimum: 0 Years^ Maximum: 65 years (age last birthday) |
| Maturity Age | Age 75 years (age last birthday) |
| Policy Term | 10 / 15 / 20 Years |
| Premium Paying Term | Single |
| Premium | Minimum: ₹25,000 Maximum: No limit, subject to Board approved underwriting policy. |
| Sum Assured | For entry ages below 50 years: For entry ages 50 years and above: Maximum: No Limit, Subject to Board approved underwriting policy. |
Premium Components of Shriram Life Fortune Builder
| Name | Description |
|---|---|
| Risk Premium | This plan covers the risk of premature death during the policy period and the premium paid for this purpose is known as the risk premium. |
| Savings | After the policy matures, you will receive the Sum Assured in instalments, which can help you save for your future needs. To create this savings corpus, you'll need to pay a premium. |
| Partial Withdrawals | You can make partial withdrawals from the policy only after the fifth policy anniversary. One partial withdrawal is free of charge during the policy term and subsequent withdrawals will incur a partial withdrawal charge of ₹250 on the unit fund. |
| Additional Protection via Riders | 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 Rider (UIN – 128A012V01), Shriram Life Accidental Death and Disability Income Rider (UIN – 128A013V01) and Shriram Life Critical Illness Care Rider (UIN – 128A014V02). 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. |
Download Documents for Shriram Life Fortune Builder
We provide easy and convenient access to all policy-related documents for our customers through our website, www.shriramlife.com. You can easily download policy documents, prospectus and presentations from the download section on the policy page, ensuring you have all the information you need at your fingertips.
