ULIP wealth creation plans invest premiums in market-linked funds (conservative debt/hybrid for retirees) while providing life cover against longevity risks, helping preserve and grow retirement corpus. Ideal for those near/in retirement, plans like Shriram Life Pension Plus and Golden Jubilee Plan offer steady growth, flexible withdrawals, and legacy protection in one policy.

• Age range: Typically 30-65 years entry (plan-specific), with extended maturity up to 85–100 years for lifelong coverage.
• Income proof: Retirement corpus proof/PF statements; pension documents or bank statements showing regular inflows.
• Health requirements: Medical tests usually required; pre-existing conditions disclosed for accurate mortality charges.
• Residency: Indian residents/senior citizens; NRIs with valid KYC eligible for most plans.

30s–early 40s optimal when children are young, providing 15-25 years for compounding while securing high life cover at lower rates. Matches education timelines perfectly, starting when the first child is born to build a corpus aligning with college/wedding expenses.

10–20% of family income (₹10,000-₹25,000/month typical), balancing school fees/EMIs. Example: ₹15,000/month in Shriram Life Growth Plus at 10-12% returns over 18 years grows to ₹80 lakh+ for child's higher education; use calculators for precise family goal planning.

Mandatory 5-year lock-in; post-lock-in partial withdrawals (20% fund value/year) available for children's education fees, medical emergencies, or wedding expenses. Systematic withdrawal option ideal for matching family milestones without disrupting long-term growth.