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Insurance
08-Jun-23
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Shriram Life Insurance unveils its new ulip policy ‘Shriram Life Golden Jubilee Plan'
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Shriram Life Insurance Company, a part of the Shriram Group, on Wednesday said it has unveiled a new unit-linked policy to mark Shriram Group's golden jubilee year. This policy offers financial control with multiple fund options and investment strategies.
The Policy holders can opt to cover either whole life or a specific period of time enabling them to fulfil their financial aspirations with full flexibility, the company said.
The plan has two options, Life Goal-offers cover for a specified period, and Legacy- offers cover till the age of 100.
The Policy offers the customers options to alter policy term, premium payment term, sum assured and premium.
A statement said policyholders can choose the type, level and quantum of cover based on their financial goals and protection needs.
Further, the golden jubilee plan offers various rider options to enhance coverage and provide comprehensive protection against unforeseen circumstances.
Commenting on the launch of the product, Shriram Life Insurance MD and CEO Casparus Kromhout 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."
"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," he said.
The scheme aims to empower individuals to achieve their financial goals and create a secure future for the family. With its flexible features, investment options and comprehensive coverage, the plan offers a holistic solution for individuals seeking life insurance and wealth creation opportunities, the company said.
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