LIC Premium and Maturity Calculator

Shriram Life Wealth Plus Plan, Policy, Premium and Maturity Calculator

Shriram Life Wealth Plus Plan, Policy, Premium and Maturity Calculator - Shriram Life Wealth Plus is a unit linked insurance plan offered by Shriram Life Insurance. It offers protection to your loved ones while ensuring that your investments grow simultaneously. It is a market linked insurance policy with no bonus facilities whatsoever. It also offers an auto transfer policy where premiums which are allocated in a lower risk fund preserver and 1/12th of the fund is automatically transferred to the prefered fund every month. The policy offers various benefits including tax benefits. This policy is affordable and easy to obtain.

Key features - Shriram Life Wealth Plus and Policy

Listed below are the key features offered by Shriram Life Wealth Plus.

  • It is a unit linked insurance plan
  • It offers 6 types of funds to invest in
  • It has a limited premium payment facility
  • Offers auto transfer facility
  • Offers top up premium option to invest surplus money
  • Partial withdrawals allowed
  • Surrender of the policy is allowed
  • Offers additional rider
  • Offers fund switch option
  • The plan offers no additional riders
  • Fund management charges apply
  • Policy administration charge is Rs.10 per month till the first five years

Benefits - Shriram Life Wealth Plus and Policy

Listed below are the various benefits offered by the plan.

  • Death benefit- In case of unfortunate death of the insured, the nominee gets paid a lump sum amount which includes the sum assured and fund value.
  • Maturity benefit- If the insured survives till the end of policy term, they will avail fund value as maturity benefit.
  • Income tax benefit- The insured can avail tax benefits under section 80C and 10D of the Income Tax Act.
  • Riders- The plan offers an additional rider called Accident Shield Rider.
  • Fund options-The plan offers 6 kinds of funds to choose from:
    1. Preserver fund
    2. Defender fund
    3. Balancer fund
    4. Maximus fund
    5. Accelerator fund
    6. Tyaseer fund
  • Top up- Top up premiums can be paid except for the last five years of the policy term
  • Partial withdrawal- Partial withdrawal is allowed after completing 5 years of the policy
  • Switching -Switching is allowed anytime except for the settlement period

Eligibility - Shriram Life Wealth Plus and Policy

  • Age:Minimum- 7 years Maximum- 65 years
  • Age at maturity:75 years
  • Policy term:10, 15 or 20 years
  • Premium payment term: Equal to the policy term
  • Payment modes:Yearly, Half-Yearly, Quarterly and Monthly

Shriram Life Savings Insurance Plans and Policy

 

Shriram Life Women Insurance Plans
Shriram Life New Shri Vivah
Shriram Life Pension Plans
Shriram Life Pension Plus
Shriram Life Immediate Annuity Plus
Shriram Life Pension Plans
Shriram Life Term Insurance Plans and Policy
Shriram Life Family Protection Plan
Shriram Life Cash Back Term
Shriram Life Group Term Life Insurance
Shriram Life Group Term Life Insurance in lieu of EDLI
Shriram Life Secure Plus Plan

Shriram Life Savings Plans
Shriram Life Genius Assured Benefit Plan
Shriram New Shri Life Plan
Shriram Life New Shri Vidya
Shriram Life New Shri Vivah
Shriram New Shri Raksha Plan
Shriram Life Assured Income Plus
Shriram New Akshay Nidhi Plan
Shriram Secure Investment Plan
Shriram Ujjwal life
Shriram Ujjwal Life - SP
Shriram Fortune Builder Insurance Plan
Shriram Life Wealth Plus
Shriram Life Assured Income Plan
Shriram Life ULIP Plans
Shriram Life Growth Plus
Shriram Life Ujjwal Life
Shriram Life Ujjwal Life (SP)
Shriram Life Ujjwal Life (SP)
Shriram Life Fortune Builder
Shriram Life Wealth Plus