Shriram Life Investment Plans

Shriram Life Insurance was established in 2006. It is a fast-growing company that focuses on technology and customer service. Shriram Life Insurance offers a variety of investment plans to help you secure your financial future. These plans can be broadly categorized into Unit Linked Insurance Plans (ULIPs) and Traditional Plans.

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7.7 Crore Registered Consumer
50 Partners Insurance Partners
4.2 Crore Policies Sold

Investment Plans

Plan starting from ₹1,000/month
Save upto ₹46,800 in Tax under section 80C^{^}
Zero LTCG Tax^¶
In built life cover

Top performing plans with High Returns^**

Invest ₹10K/month & Get ₹1 Crore^# on Maturity

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7.7 Crore

Registered Consumer

Insurance Partners

4.2 Crore

Policies Sold

Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

What are Shriram Life Investment Plans?

Shriram Life Insurance offers a range of investment plans designed to cater diverse financial goals and risk appetites of individuals. Sriram Investment plans combine the benefits of insurance coverage with investment opportunities, ensuring both financial security and wealth creation. The company also offers traditional plans, which provide a guaranteed sum assured along with bonuses, helping policyholders build a corpus for future needs such as children's education or retirement. These plans are customized to offer flexibility, tax benefits, and financial protection, making them a comprehensive solution for long-term financial planning.

Top Shriram Investment Plan List

Market-Linked Insurance Plans
Traditional Insurance Plans

Details of Shriram Life ULIP Investment Plans

ULIP/Investment Plans

Plan Names	Entry Age	Minimum Investment Amount
Shriram Life Growth Plus	30 days	Minimum Premium Single: ₹50,000 for tenure of 10 years and ₹2,00,000 for tenure of 15 years and above Limited: Yearly: ₹60,000 Monthly: ₹6,000 Regular: Yearly: ₹30,000 Monthly: ₹3,500
Shriram Life Fortune Builder	0 years	Annual: ₹25,000
Shriram Life Golden Jubilee Plan	30 days	Annual:₹1,00,000
Shriram Life Wealth Pro	30 days	Annual: ₹12,000

Below are the details of the best Shriram Investment Plans:

Shriram Life Growth Plus Plan

This type of plan combines life insurance coverage with the potential for investment growth. The policyholder's money is invested in market-linked funds, and the returns are linked to the performance of the market.
- You get life insurance coverage in case of your unfortunate demise while also having the opportunity to grow your money over the long term.
- Shriram Life Growth Plus offers a variety of investment funds to choose from, allowing you to tailor your investment strategy to your risk appetite and financial goals.
- Some Shriram Life Growth Plus plans may offer loyalty additions and bonuses, which can enhance your returns.
- Premiums paid towards Shriram Life Growth Plus may be eligible for tax deductions under Section 80C of the Income Tax Act.
Shriram Life Fortune Builder Plan
- You pay a lump sum amount upfront instead of regular premiums.
- Unit-linked: Your investment is linked to market units, which have the potential for growth.
- Provides a guaranteed death benefit to your nominee if you pass away during the policy term. The benefit amount is the higher of the sum assured or the fund value.
- Choose a policy term that fits your needs, with options like 10, 15, and 20 years.
- Choose from different investment funds based on your risk tolerance.
- You can easily switch your investment between funds to adjust your risk profile.
- You can add optional riders like accidental death benefit, disability benefit, or critical illness benefit for extra coverage.
- Ideal for those who don't have a regular income stream for paying premiums.
- Get tax deductions under sections 80C and 10(10D) of the Income Tax Act.
- The unit-linked nature allows your investment to grow over time.
- Choose your policy term, investment strategy, and add-on riders for customization.
Shriram Life Golden Jubilee Plan
- Provides financial protection for your family in case of your death during the policy term.
- Investment: This is a unit-linked plan, which means your money is invested in market-linked funds and has the potential for growth.
- You receive a lump sum amount at the policy maturity.
- Choose from different investment funds based on your risk appetite.
- Switch between funds freely to manage your investment strategy.
- Allocate your premiums to different funds easily.
- Withdraw a portion of the fund value after five years (subject to conditions).
- Increase your coverage by paying additional premiums.
- Choose how you want to pay your premiums (single premium, regular payments, or limited payments).
- Enhance your coverage with optional riders like critical illness benefit, accidental death benefit, and disability income benefit (additional charges apply).
- Get guaranteed bonuses every 5 years (subject to policy terms).
Shriram Life Wealth Pro

Shriram Life Wealth Pro is a Unit Linked Insurance Plan (ULIP) that combines life insurance coverage with investment opportunities. Here are the key features and benefits:
- Choose from 2 cover options and adjust the coverage level within each option to suit your needs.
- Invest your premiums in a variety of funds with different investment strategies to match your risk appetite.
- Switch between funds and redirect premiums free of charge, allowing you to adjust your investment strategy over time.
- Automate your investments.
- Get guaranteed bonuses added to your policy value every 5 years (subject to terms and conditions).
- Choose to receive a portion of your premiums back after the 10th policy year (if all premiums are paid).
- ULIPs offer tax exemptions on premiums paid under Section 80C and tax-free maturity benefits under Section 10(10D) (subject to conditions).
- Upon policy maturity, receive the accumulated fund value.
- In case of death, your nominee receives the sum assured along with accumulated fund value, providing financial security for your loved ones.

Details of the Best Traditional Plans by Shriram Life

Traditional Plans

Plan Names	Entry Age	Minimum Investment Amount
Shriram Life Assured Income Plan	30 days	₹15,000
Shriram Life Golden Premier Saver Plan	0 days	₹10,296
Shriram Life Assured Income Plus	8 years	₹18,290
Shriram Life Early Cash Plan	3 years	₹1,50,000
Shriram Life Super Income Plan	25 years	₹30,000
Shriram Life Premier Assured Benefits	30 days	₹60,000
Shriram Life New Shri Vidya Plan	18 years	₹8,000
Shriram Life Assured Savings Plan	3 years	₹500 per month
Shriram Life New Akshay Nidhi	30 days	₹10,000
Shriram Life New Shri Life Plan	30 days	₹5000
Shriram Life Assured Advantage Plus Plan	8 years	₹1,00,000
Shriram Life Genius Assured Benefit Plan	18 years	₹21,732 (Annually)

Below are the details of the best Shriram Investment Plans:

Shriram Life Assured Income Plan
- Choose a policy term of 8, 10, 12, or 15 years. You can also select a frequency for premium payment (yearly, half-yearly, quarterly, or monthly) that suits your budget.
- Upon policy maturity, receive a guaranteed income payout for a set period.
- Provides financial security for your loved ones in case of your unfortunate demise during the policy term. The nominee receives the sum assured.
- Enhance your coverage with additional riders (at an extra cost) for protection against critical illness, disability, or accidental death.
- Choose a larger sum assured and pay a higher premium to receive a greater guaranteed income payout.
Shriram Life Golden Premier Saver Plan
- This plan offers a guaranteed return on your investment.
- Pay premiums for a set period (shorter than the policy term) and enjoy coverage throughout the entire policy term.
- Choose how you want to receive the maturity benefit - a lump sum amount or a staggered payout.
- Similar to the Assured Income Plan, you can add riders for additional coverage.
- Opt to extend your coverage period until age 80 for longer financial security.
- This plan is designed to be affordable, with minimum premiums starting at a relatively low amount.
Shriram Life Assured Income Plus
- It is a Shriram Life Insurance 5-Year Plan. You have to pay premiums for only 5 years.
- Get coverage for 10 years even with a short premium payment term.
- Receive guaranteed income for 5 years after the policy matures.
- Allows you to include children as young as 8 years old in the plan.
- Enhance your coverage with additional riders like accident benefit or critical illness cover (subject to terms and conditions).
- Peace of mind knowing your family is financially protected in case of your demise.
- Creates a steady income stream after retirement.
- Affordable premiums with the benefit of long-term coverage.
- Potential tax benefits on premiums and payouts (as per prevailing tax laws).
Shriram Life Early Cash Plan
- Choose from various policy terms like 10, 12, or 15 years to suit your needs.
- Assured benefits: Receive a guaranteed sum assured upon maturity.
- Potential bonuses: Earn additional cash bonuses if declared by the company.
- Cover for minors: Secure your child's future starting from age 3.
- Flexible premium payment options: Choose your preferred mode of premium payment.
- Provides life cover along with a savings element.
- Potential to grow your wealth with bonuses.
- Plan your child's future financial needs.
- Tax benefits on premiums and payouts (as per prevailing tax laws).

Conclusion

Shriram Life offers a variety of investment options that meet different needs and financial goals. Their focus on affordability and accessibility makes them a good option for those seeking financial protection and security for their families.

Frequently Asked Questions

What are the different types of Shriram Life Investment Plans?
Shriram Life offers two main types of investment plans:
- Unit Linked Insurance Plans (ULIPs): These plans combine life insurance coverage with investment potential in market-linked funds.
- Traditional Plan (Guaranteed Return Plans): These plans offer guaranteed returns and a fixed sum assured upon maturity.
What are the benefits of ULIPs?
- Potential for higher returns: ULIPs invest in market-linked funds, which offer the chance for higher returns compared to traditional plans.
- Flexibility: You can often choose your investment strategy and switch between funds within the plan.
- Tax benefits: Premiums paid towards ULIPs qualify for tax deductions under Section 80C of the Income Tax Act (India).
What are the benefits of Traditional Plans?
- Guaranteed returns: Traditional Plans offer guaranteed benefits upon maturity, providing stability and predictability.
- Life cover: Most Traditional Plans also provide life insurance coverage, offering financial protection for your loved ones.
- Tax benefits: Similar to ULIPs, premiums paid towards Traditional Plans may also qualify for tax deductions.
What are the risks associated with Traditional Plans?
- Lower potential returns: Compared to ULIPs, Traditional Plans typically offer lower returns.
How do I choose the right Shriram Life Investment Plan?

Choosing the right Shriram Life Investment Plan depends on your financial goals, risk tolerance, investment horizon, budget, coverage needs, and desired tax benefits.
Does Shriram Life offer life insurance plans with a 10-year term?

Yes, Shriram Life offers plans with a 10-year term. One such option is the Assured Savings Plan.
What are the benefits of choosing a 15-year term plan with Shriram Life?

Shriram Life offers plans like the Assured Income Plan with a 15-year term. These plans can provide benefits like guaranteed payouts upon maturity and the option to add riders for additional coverage. However, for a more comprehensive understanding of benefits specific to a 15-year term plan, visiting the Shriram Life website or contacting them directly is recommended.
What factors should I consider when choosing a term length for my Shriram Life insurance plan?

The ideal term length depends on your individual needs and goals. Consider factors like your financial obligations, how long you want coverage, and your future income potential.

†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
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