Shriram Guaranteed Wealth Preserver - Online

Shriram Guaranteed Wealth Preserver – Online is a traditional savings plan which is available online. It is a one- time investment plan which yields guaranteed benefits to provide investment growth and also gives life insurance coverage

4.8^~ Rated
7.7 Crore Registered Consumer
50 Partners Insurance Partners
4.2 Crore Policies Sold

Investment Plans

Guaranteed Tax Savings^Under sec 80C & 10(10D)
Under sec 80C & 10(10D)Invest ₹10k Per Month*
Zero LTCG Tax^

Buy Online & Get upto 4% extra#

Get Guaranteed returns along with life cover

invest in 100% Guaranteed Return Plans Tax benefits under sec 80C & No Tax on returns*

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We are rated^~

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.

Key Features

It is a non-participating plan with Single premium payment option
The plan is only available online through the insurer’s website
The plan promises guaranteed Maturity benefits and death benefits

Benefits

On death, the death Sum Assured is payable which is higher of 125% of the Single Premium is age is less than 45 years or 110% of the Premium for ages equal to and above 45 years or the Sum Assured or Maturity Sum Assured
The Sum Assured is calculated as 10 times the Single Premium
Maturity Sum Assured is the Guaranteed Maturity Benefit which is calculated multiplying the guaranteed maturity benefit factor with the single premium paid
On maturity, the Guaranteed Maturity Benefit is paid
The guaranteed maturity benefit factor depends on the amount of premium paid, age and the policy term chosen
Income tax benefit on the premium paid as per Section 80C and on claims received as per Section 10(10D) of the Income Tax Act.

Product Specification:

	Minimum	Maximum
Entry Age (Last Birthday)	3 years	40 years
Maturity Age (Last Birthday)	18 years	55 years
Policy Term (PT) in years	5 or 10 or 15
Premium Paying Term (PPT) in years	Single pay
Premium Paying Frequency	Annual, half-yearly, quarterly, monthly
Yearly Premium	25,000	No limit
Sum Assured	250,000	No limit

Details About Premium

The corresponding Sum Assured for a Single Premium of 1 lakh

Age / Term (in years)	5	10	15
10		190,000	268,000
20	131,000	184,000	259,000
30	130,000	180,000	249,000
40	124,000	160,000	204,000

Policy Details

Grace Period: grace period is not applicable in single pay plans

Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy whereupon the Surrender Value will be paid which will be higher of the Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV).

GSV = GSV % of Single premium paid

Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.

Inclusions

Loan is available under the plan @ 80% of Surrender Value

Exclusions

In case of suicide within 12 months of policy inception, higher of 80% of the premium paid or the Surrender Value will be returned

Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and necessary KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.

†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.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ