Build Wealth Even After Retirement
Market-linked plans are designed to grow your corpus and preserve legacy
Secure Post-Retirement Wealth Growth
Why Consider Wealth Plans During Retirement?
Retirement doesn't mean stopping wealth growth, it's about strategically growing your corpus to combat inflation, cover rising medical expenses, and create a lasting legacy for loved ones. ULIPs for seniors offer conservative fund choices with downside protection, flexible partial withdrawals for lifestyle needs, and lifelong coverage against longevity risks. These plans help maintain purchasing power while ensuring tax-efficient wealth transfer to heirs.
- Preserves and grows retirement savings through balanced investments
- Offers liquidity for healthcare and lifestyle expenses when needed
- Secures family legacy with life cover and systematic withdrawal options
Top Wealth Creation Plans for close to Retirement/Retired
5 plans found | View:
Shriram Life Growth Plus
Whole-life ULIP with loyalty boosts is ideal for long-term corpus enhancement in the retirement phase.
- Loyalty additions from year 6
- Unlimited free switches
- Flexible policy terms
Shriram Life Fortune Builder
Single premium ULIP for lump-sum deployment into wealth preservation with high allocation to debt funds.
- Short/medium terms (10-20 yrs)
- No frequent switches needed
- Guaranteed additions possible
Shriram Life Golden Jubilee Plan
Comprehensive ULIP with legacy focus, wealth boosters, and extended cover up to 100 years for retirees.
- Wealth boosters every 5 years
- Joint life options for spouses
- Multiple riders for children
Shriram Life Pension Plus
Deferred annuity-linked plan blending wealth growth with future income streams for retirement security.
- Annuity deferral up to 35 years
- Multiple fund options
- Loyalty benefits
Why Choose Shriram Life?
Every decision counts and choosing a dependable life insurance provider becomes even more important. At Shriram Life, we understand the needs of Indian families and offers support that feels personal, accessible, and reassuring.
Years of Building Prosperity
Lives Covered (Retail + Group)
Branches Pan India
Claim Settlement Ratio
Why Choose Shriram Life?
Every decision counts and choosing a dependable life insurance provider becomes even more important. At Shriram Life, we understand the needs of Indian families and offers support that feels personal, accessible, and reassuring.
FAQs
What is a ULIP-based wealth creation plan?
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.
Who is eligible for ULIP wealth creation plans?
- 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.
Which age is best to buy a ULIP for wealth creation near retirement?
Age 55-65 is optimal for retirees as it allows 10-20 years for conservative fund growth while securing lifelong cover at reasonable rates. Premiums remain manageable with shorter terms, and plans like Shriram Life Fortune Builder (single premium) suit lump-sum deployment of retirement savings effectively.
How much should I invest in a ULIP wealth plan near retirement?
Target 20–30% of annual retirement income or available corpus for balanced growth, focusing on debt/hybrid funds. Example: ₹50 lakh corpus, ₹10-15 lakh single premium or ₹50,000/month for 5 years in Shriram Life Wealth Pro; aim for 7-9% returns over 15 years to combat 6% inflation while preserving capital.
Do I get money back from ULIP wealth plans if I survive?
Standard ULIPs return fund value at maturity (no death claim), reflecting market performance minus charges. Return-of-premium variants refund premiums if no claim is made; however, staying invested typically yields better returns through growth for retirement liquidity needs.
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