Shriram Life Insurance has launched a new unit linked policy to mark Shriram Group's golden jubilee year. Policyholders can opt to cover their whole life or a specified period of time, enabling them to fulfil their financial aspirations with full flexibility. The plan has two options - Life Goal and Legacy and offers customers options to alter policy term, premium payment term, sum assured and even premium.
Under the Life Goal option, policyholders can work towards specific financial objectives and important milestones such as education expenses, purchasing a dream home, or starting a business. With the Life Goal option, policyholders have access to various features and flexibility to help them reach their financial goals.
The Legacy option allows policyholders to support their golden years financially or create a lasting impact on their family's financial future by leaving behind substantial wealth after their lifetime. The plan offers three premium paying term options: Single Pay, Limited Pay, and Regular Pay. It also gives customers two death benefit options to choose from. Depending on the option chosen, the family of the deceased will either get the sum assured along with fund value, or higher of sum assured and fund value.
Policyholders can choose the type, level and quantum of cover based on their financial goals and protection needs. Furthermore, the Golden Jubilee Plan offers various rider options to enhance coverage and provide comprehensive protection against unforeseen circumstances.
Speaking on the product, Casparus Kromhout, MD & CEO, Shriram Life Insurance said, "We are delighted to announce this plan on our Group's momentous milestone. The plan gives various flexibilities and options to choose from, provides financial protection and encourages long-term participation in the market. This is a part of our holistic financial solutions which are offered in a customised fashion through our superior technological processes. We hope this product will give our customers another reason to plan decisively and reap the benefits of accumulated wealth so that they can celebrate their milestones in the best way possible."
The Golden Jubilee Plan aims to empower individuals to achieve their financial goals and create a secure future for their loved ones. With its flexible features, investment options, and comprehensive coverage, the plan offers a holistic solution for individuals seeking life insurance and wealth creation opportunities.