Shriram Fortune Builder Plan

Shriram Fortune Builder Plan is a Single Premium Unit Linked Insurance Plan. Thus, it is a Non-Traditional Insurance Plan without Bonus facility

Key Features

  • This is a Single Premium Unit Linked Insurance Plan
  • If the Life Insured dies within the policy tenure, higher of the Sum Assured or the Fund Value is paid to the nominee as Death Benefit
  • On survival till the end of the policy tenure, the Fund Value is paid to the policyholder as Maturity Benefit
  • There are 6 funds available for Investment
  • Sum Assured can be reduced during the policy tenure
  • There is Auto Transfer Facility available in this plan

Benefits

  • Maturity Benefit:
In case of death of the Life Insured within the Policy Tenure, the nominee gets higher of the Sum Assured or the Fund Value as Death Benefit and the policy terminates
  • Tax Benefit
Tax benefits are subject to conditions specified under section 10(10D) and section 80C of the Income-tax Act, 1961. Tax laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant. Service Tax & Cess, as applicable shall be levied over and above premium amount shown here as per applicable tax laws.
  • Death Benefit
In case of death of the Life Insured within the Policy Tenure, the nominee gets higher of the Sum Assured or the Fund Value as Death Benefit and the policy terminates.

Am I eligible?

PARAMETER MINIMUM MAXIMUM
ENTRY AGE 0 65 years
AGE OF MATURITY - 75 years
SUM ASSURED For age <45, SA = 125% of Single Premium
For age>=45, SA = 110% of Single Premium
No Limit
PREMIUM PAYMENT TERM Single
POLICY TERM 10/15 10/15/20 Years(Fixed)
PAYMENT MODES Only Single

What if?

I am unable to pay the premium

  • Being a Single Premium Plan, there is no requirement of further payment of premium.

I want to take a loan

  • No Such option is available under this policy