Shriram Ujjwal life is a regular premium unit linked insurance plan designed to make you a real champion in reaching your financial target. Be it your child’s Education, Daughter’s marriage or just a peaceful retired Life. Beyond that the plan also protects your family against uncertain- event in future.
Eligibility –
| Condition | Limit |
| Minimum age at entry | 7 |
| Maximum age at entry | 65 |
| Maximum Maturity Date | 75 |
| Policy Term | 10 Years ( Fixed) |
| Premium payment Term | Same as policy Term |
| Minimum annual Premium | Rs.30,000 |
| Mode of Premium Payment | Yearly |
| Minimum Sum Assured | |
| For age at entry below 45 Years | 10 times of annualized Premium |
| For age at 45 years & above | 7 times of annualized Premium |
| Maximum Sum Assured | Subject to underwriting considerations |
Benefits –
| Event | Maturity/Death Benefits Payable |
| Death Benefits | Sum assured plus the value of the units in the life assured’s unit account plus top up sum assured along with top up fund value(if any) is payable to the nominee provided the policy is in force.If the policy is in discontinous state, the death benefit is the discontinued fund value under the policy with an addition of minimum interest @3.5 % p.a compounded yearly from the date of discontinuance and will be paid to nominee immediately.
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| Maturity Benefits |
On survival of the life assured up to the end of the policy term, unit fund value plus top up fund value (if any) will be paid on maturity.
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Know about more plans Shriram Life Insurance
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Tags: Life Insurance, Shriram Life Insurance, Shriram Ujjwal Life