Shriram Life Golden Jubilee Plan (UIN 128L095V01)
What is Shriram Life Golden Jubilee Plan?
Shriram Life Golden Jubilee Plan (UIN 128L095V01) is a unit-linked non-participating life insurance plan that provides you with the twin benefits of protection and investments.
- Financial control with multiple fund options, unlimited free switches and unlimited free premium redirection.
- Wealth Boosters guaranteed every 5 years!
- Different options for premium payment terms i.e., Single, Regular or Limited pays are available.
- Two different plan options such as Life Goal and Legacy.
- Flexibility to top-up your scheduled premiums whenever you have additional funds.
- You are eligible for additional protection through the riders.
Features of the Shriram Life Golden Jubilee Plan
Partial Withdrawal
Top-Up
Multiple Options for Premium Payment
Twin Benefits
Switching
Tax Benefits
Key benefits
Death Benefits
The plan provides two options for death benefit out of which one can be chosen depending on the need of coverage.
Option I
In case of death of Life Assured during the policy term,
- Sum Assured plus top-up sum assured (if any),
Plus - Fund Value
where fund value is total of base premium fund value and top up premium fund value, will be paid to the nominee(s) or beneficiary(ies) and the policy will be terminated.
Option II
In case of death of Life Assured during the policy term,
higher of
- Sum Assured (less partial withdrawals# )
- Base premium fund value
plus
Higher of - Top-up Sum Assured
- Top-up premium fund value
will be paid to the nominee(s) or beneficiary(ies) and the policy will be terminated.
Under both the options the minimum death benefit shall be at least 105% of the total premiums received.
The sum assured shall be chosen by the policyholder at the time of proposal subject to the minimum and maximum sum assured as mentioned below.
# The partial withdrawals made during the two-year period immediately preceding the death of the life assured. The partial withdrawals made from the unit fund built from base premiums only shall be considered for this.
Multiple Options for Premium Payment
You can pay the premium Single, annually, half-yearly, quarterly or monthly as per your convenience.
Tax Benefits
The income tax law provides deductions from the total earning for the premiums paid in insurance and savings plans. This encourages the taxpayers to make more savings and buy insurance for their protection. Premiums paid under the Shriram Life Golden Jubilee Plan are eligible for deduction from your income as per the current provisions of the income tax law.
Eligibility and Documents Required for Shriram Life Golden Jubilee Plan
| Eligibility Criteria | Limits | ||
|---|---|---|---|
| Age Criteria | 30 days^ | ||
| Life Goal | Legacy | ||
| Option 1 | For PT <= 20: 55 years For PT > 20: 50 years | NA | |
| Option 2 | 65 Years | ||
| Maximum Maturity | Life Goal: 75 years (age last birthday) Legacy: 100 years (age last birthday) | ||
| Policy Term | Min: 10 Years Max: Life Goal:30 Years (in Multiples of 1 year) Legacy: 100 minus age at entry | ||
| Premium Paying Term | |||
| Life Goal | Legacy | ||
| Single Pay | Single Payment | NA | |
| Limited Pay | Min: 5 Years Max: PT minus 5 Years | Min: 10 Years Max:100 minus age at entry (PPT multiples of 5 Years) | |
| Regular Pay | Same as Policy Term | Same as Policy Term | |
| Premium Mode | Single, Yearly, Half-yearly, Quarterly, Monthly | ||
| Premium | Minimum Maximum | ||
| Minimum Sum Assured | For entry ages below 50 years: For entry ages 50 years and above: | ||
| Maximum Sum Assured | 10 times Annualized premium/Single premium, as per Board approved underwriting policy | ||
Premium Components of Shriram Golden Jubilee Plan
| Name | Description |
|---|---|
| Shriram Accidental Death & Disability Income Rider (UIN – 128A013V01) | Apart from the financial protection in case of accidental demise or disability, this rider also assures a regular income to the family of the insured person. |
| Shriram Accidental Death & Disability Rider (UIN – 128A012V01) | This rider provides financial protection in case of the demise of the insured person due to an accident or disability due to the same. |
| Shriram Critical Illness Care Rider (UIN – 128A014V02) | In case the insured person suffers from any of the pre-determined critical illnesses, then this rider provides financial protection to the insured person. |
| Insurance | This portion of the premium goes towards providing financial protection to your loved ones in case of your unexpected demise during the tenure of the policy. |
| Savings | A significant portion of your premium goes towards savings whereby the premium amount is invested as per the plan selected by you. |
Download Documents for Shriram Life Golden Jubilee Plan
All the policy-related documents are easily available online on the website for the comfort and ease of all our customers. You can simply visit our website www.shriramlife.com go to the download section on the policy page and download the policy document, prospectus and presentation.
