Shriram Ujjwal Life Plan

Shriram Ujjwal Life (UIN-128L034V02)is a regular premium unit linked plan designed to make you as a champion to reach your financial target. Be it your child's education, Daughter's Marriage or just a Peaceful Post Retirement Life.

Key Features

  • This is a Regular Premium Unit Linked Insurance Plan
  • This is Double Death Benefit Plan since Sum Assured + Fund Value is paid to the nominee in case the Life Insured dies within the Policy Tenure
  • 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
  • There is Auto Transfer Facility available in this plan
  • Sum Assured can be reduced during the policy tenure
  • There are 2 additional riders available in this plan


  • Maturity Benefit:
On survival till the end of the policy tenure, the Fund Value is paid to the policyholder as Maturity 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 the Sum Assured + the Fund Value as Death Benefit and the policy terminates.


Riders – There are 2 Additional Riders in this plan:
1. Accident Shield Rider
2. Critical Illness Benefit Rider
Investment Fund Options - In this plan, there are 6 funds available for investment:
1. Preserver
2. Defender
3. Balancer
4. Maximus
5. Accelerator
6. Tyaseer
There is also an Auto Transfer facility available in this plan where premiums are initially allocated in a low risk fund Preserver and 1/12th the Fund is automatically transferred to the chosen fund every month so as to average out the volatility of the NAV.

Am I eligible?

ENTRY AGE 7 years 65 years
AGE OF MATURITY - 75 years
SUM ASSURED For age <45, SA=10 X Annualized Premium
For age>=45, SA= 7 X Annualized Premium
No Limit
PREMIUM PAYMENT TERM Equal to policy Tenure
POLICY TERM 10 years

What if?

I am unable to pay the premium

  • Grace period of 30 days will be provided and you should pay the premium with in the specified time period.

I want to take a loan

  • No Such option is available under this policy