Shriram Ujjwal Life SP Plan (Single Premium)

Features

1. The policy is valid for a period of 10 years.
2. This is a single-premium ULIP policy.
3. Premiums are accepted in a lump sum. A premium allocation fee is charged which is 5% of your single premium.
4. For individuals belonging to the age group of 45 years and below, the minimum sum assured is 125% of the single premium.
5. For individuals belonging to the age group of 45 years and above, the minimum sum assured is 110% of the single premium.
6. No loans are allowed under this plan.
7. The plan maintains total transparency so as to give you a clear idea about your investments as well as their returns.
8. The plan comes with an Auto Transfer Option (ATO) to reduce your equity related risks.
9. It offers dual protection which includes equity market-linked returns and insurance protection.
10. You can partially withdraw your funds after maintaining the policy for 5 years. But a withdrawal charge of Rs.100 is applicable per transaction.
11. You can switch your funds from one fund to another fund during the policy term.
12. The policy offers alterations. The sum assured can be reduced during the policy tenure. Also, you can add riders.
13. The policy offers surrender benefits.
14. You enjoy the flexibility of investing your surplus funds in the form of a top up.
15. There is no maximum limit for premiums.
16. Maximum sum assured is subject to underwriting considerations.
17. You need to pay a minimum amount of Rs.35,000 as annual premium.
18. The policy offers 2 additional riders which include Accident Shield Rider and Critical Illness Benefit.

Benefits