{"uin":"128L038V04","name":"Shriram Life Fortune Builder","url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04","insurer":{"slug":"shriram-life-insurance","name":"Shriram Life Insurance Company Limited","url":"https://indiainsurances.com/insurer/shriram-life-insurance"},"line":"life","category":"ulip","category_name":"ULIPs (unit-linked plans)","irdai_type":null,"kind":"product","status":"active","approved_on":null,"withdrawn_on":null,"summary":"Shriram Life Fortune Builder is a unit-linked non-participating single premium life insurance plan with policy terms of 10, 15 or 20 years. It has a 5-year lock-in, a death benefit based on the higher of specified sum assured and fund value amounts, and fund options including Preserver, Balancer, Maximus, Accelerator and Tyaseer.","analysis":{"state":"machine","analysed_at":"2026-10-20 00:59:24.840133+00","note":"First pass: one AI reading; every stated fact carries a verbatim quote found in the cited clause, but it has not been reviewed. Check the clause before relying on it."},"facts":[{"key":"plan_variants","label":"Plans and variants","section":"Overview","meaning":"The named plans inside this product (not cover types or payout options). Facts can differ between them.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"policy_term","label":"Policy term","section":"Eligibility","meaning":"How long one policy runs before it ends or must be renewed.","status":"quote-verified","value":"10, 15 or 20 years.","display":"10, 15, 20 years","note":"From the sales brochure.","quote":"Policy Term | 10, 15, 20 years","sources":[{"clause":null,"heading":"Plan Eligibility","page":3,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15929#c-plan-eligibility"}],"law":[]},{"key":"claim_intimation","label":"Claim intimation deadline","section":"Claims","meaning":"How soon you must tell the insurer about a claim or hospitalisation.","status":"quote-verified","value":"Death claim should be intimated within 90 days from the date of death. Delay beyond 90 days may be condoned if beyond the claimant's control.","display":"Death claim should be intimated within 90 days from date of death","note":null,"quote":"Death claim should be intimated within 90 days from date of death. However, if there is any delay in death claim intimation beyond 90 days that are beyond the control of claimant then the claim may be processed by condoning the delay.","sources":[{"clause":null,"heading":"F3. Suicide clause","page":14,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15928#c-f3-suicide-clause"}],"law":[{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 20, 21","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_documents","label":"Claim documents","section":"Claims","meaning":"Documents the insurer asks for when you claim.","status":"quote-verified","value":["Original policy document","Proof of death/ Death certificate","Identity proof of Nominee","NEFT mandate form","Any other document depending onthe cause of death and nature of claim","A certified copy of first information report (FIR)","A certified copy of police inquest report","Post mortem report","If death is due to vehicle accident, then copy of driving license, if life assured was driving the vehicle","Hospital treatment records, etc.","Identity proof of Policyholder","Cancelled Cheque leaf or copy of Policyholder’s bank Passbook","Duly filled discharge form"],"display":"Death claim and maturity claim documents include original policy document, identity proof, NEFT mandate, discharge form for maturity, and additional accident or medical documents where applicable","note":null,"quote":"F11. Documents required for making a death claim :\na) Original policy document\nb) Proof of death/ Death certificate\nc) Identity proof of Nominee\nd) NEFT mandate form\ne) Any other document depending onthe cause of death and nature of claim. For accident or medical cases following additional documents, whichever applicable, may be required:\na) A certified copy of first information report (FIR).\nb) A certified copy of police inquest report.\nc) Post mortem report\nd) If death is due to vehicle accident, then copy of driving license, if life assured was driving the vehicle.\ne) Hospital treatment records, etc.\nF12. Documents required for settlement of a maturity claim:\na) Original policy document\nb) Identity proof of Policyholder\nc) Cancelled Cheque leaf or copy of Policyholder’s bank Passbook\nd) NEFT mandate form\ne) Duly filled discharge form","sources":[{"clause":null,"heading":"F3. Suicide clause","page":14,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15928#c-f3-suicide-clause"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 17","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 23","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_settlement_time","label":"Claim settlement time promised","section":"Claims","meaning":"How quickly the policy says a claim is decided or paid, and from when that is counted (intimation or last document).","status":"quote-verified","value":"Death claims not requiring investigation are to be paid, rejected or repudiated within 15 days from receipt of the last required documents or clarifications. If investigation is needed, it must be completed within 15 days from the last necessary document and the claim disposed within 30 days thereafter, not exceeding 45 days.","display":"15 days from last required documents if no investigation; investigation within 15 days and disposal within 30 days thereafter, not exceeding 45 days","note":null,"quote":"The death claim shall be paid or rejected or repudiated giving relevant reasons, within 15 days from the receipt of last required documents/clarifications for claims which do not require any investigation. However, where the circumstances of a claim warrant an investigation in the opinion of the insurer, it shall initiate the same at the earliest and complete the such investigation within 15 days from the date of receipt of last necessary document and the claim shall be disposed within 30 days thereafter and in any case should not exceed 45 days.","sources":[{"clause":"Part F(e)(i)","heading":null,"page":15,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15928#c-part-f-e-i"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 64UM(4) to (6)","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 10","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 15","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 16","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(i), V.3(ii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.4","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 23","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 149","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"}]},{"key":"exclusions_main","label":"Main exclusions","section":"Exclusions","meaning":"What the policy does not pay for, in the policy's own words.","status":"quote-verified","value":["In case of death due to suicide within 12 months from the date of commencement of the policy or from the date of revival of the policy, the nominee or beneficiary is entitled to the fund value","In case of fraud or misrepresentation, the policy shall be cancelled immediately by paying the surrender value"],"display":"Suicide within 12 months pays fund value; fraud or misrepresentation leads to cancellation by paying surrender value","note":null,"quote":"In case of death due to suicide within 12 months from the date of commencement of the policy or from the date of revival of the policy, as applicable the nominee or the beneficiary of the policyholder shall be entitled to the fund value, as available on the date of intimation of death. ... In case of fraud or misrepresentation, the policy shall be cancelled immediately by paying the surrender value, subject to fraud or misrepresentation being established by the Company in accordance with Section 45 of the Insurance Act as amended from time to time.","sources":[{"clause":null,"heading":"F3. Suicide clause","page":14,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15928#c-f3-suicide-clause"},{"clause":null,"heading":"F23. Fraud and misrepresentation","page":17,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15928#c-f23-fraud-and-misrepresentation"}],"law":[{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 11","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 16","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grievance","label":"Grievance route","section":"Claims","meaning":"Who to complain to first, as stated in the policy, before going to the Insurance Ombudsman.","status":"quote-verified","value":"First contact customer care or the Grievance Redressal Officer of Shriram Life Insurance Company Limited. If not satisfied with the response or no response is received within 14 days, the policyholder may approach IRDAI, and then the Insurance Ombudsman if not satisfied with the company decision or resolution.","display":"Customer care or Grievance Redressal Officer first; IRDAI after 14 days; Ombudsman if not satisfied with company decision","note":null,"quote":"In case you have any Query, Complaint or Grievances You can also contact our Customer care on our Toll free no: 1800-3000-6116/1800-103-6116 & through email id: customercare@shriramlife.in\nGrievance Redressal Officer, Shriram Life Insurance Company Limited, Regd Office: Plot no 31-32, Ramky Selenium Financial district, Gachibowli Hyderabad, Telangana - 500032 Contact No: 040-23009400 Email Id: grievance.redressal@shriramlife.in If you are not satisfied with the response or do not receive a response from us within 14 days, you may approach the Grievance Cell of the Insurance Regulatory and Development Authority of India (IRDAI). ... In case you are not satisfied with the decision or resolution of the company, you may approach the Insurance Ombudsman at the address given below,","sources":[{"clause":"Part G","heading":"Complaints and grievances","page":19,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15928#c-part-g"}],"law":[{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 3","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 4","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 5","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(11)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(42)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 34","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 69","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Insurance Act, 1938","section":"Section 38","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 12","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 19","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 20","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 13","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(5), 5(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(9)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 25","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 26","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 11","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"Review of revision in premium rates under health insurance policies for senior citizens, 2025","section":"Para 3","url":"https://indiainsurances.com/law/irdai-senior-premium-2025"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 13","url":"https://indiainsurances.com/law/ombudsman-rules-2017"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 14","url":"https://indiainsurances.com/law/ombudsman-rules-2017"}]},{"key":"sum_assured","label":"Sum assured","section":"Cover","meaning":"The minimum and maximum life cover, or the rule that sets it (for example 10 times the annual premium).","status":"quote-verified","value":"For entry ages below 50 years, the minimum sum assured is 1.25 x Single Premium. For entry ages 50 years and above, the minimum is 1.10 x Single Premium; the maximum is no limit, subject to Board approved underwriting policy.","display":"Below 50 years: minimum 1.25 x Single Premium; 50 years and above: minimum 1.10 x Single Premium; maximum no limit, subject to underwriting","note":"From the sales brochure.","quote":"Sum Assured | For entry ages below 50 years: Minimum: 1.25 x Single Premium | For entry ages 50 years and above: Minimum: 1.10 x Single Premium\nMaximum: No limit, subject to Board approved underwriting policy.","sources":[{"clause":null,"heading":"Plan Eligibility","page":3,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15929#c-plan-eligibility"}],"law":[]},{"key":"death_benefit","label":"Death benefit","section":"Cover","meaning":"What your family gets if you die during the term, and how it is calculated.","status":"quote-verified","value":"On death of the life assured during the policy term, the nominee or beneficiary gets the higher of sum assured less specified partial withdrawals or base premium fund value, plus the higher of top-up sum assured or top-up premium fund value. The minimum death benefit is at least 105% of total premiums received; for death of a minor life assured in the first policy year, total fund value is paid.","display":"Higher of Sum Assured less partial withdrawals or Base premium fund value, plus higher of Top-up Sum Assured or Top-up premium fund value; minimum 105% of total premiums received","note":"Partial withdrawals counted are those made during the two-year period immediately preceding death.","quote":"In case of death of Life Assured during the policy term:\nHigher of\n• Sum Assured ( less partial withdrawals#)\n• Base premium fund value PLUS\nHigher of\n• Top-up Sum Assured\n• Top-up premium fund value Will be paid to the nominee or beneficiary and the policy will be terminated\nThe minimum death benefit shall be at least 105% of the total premiums received.\nIn case of death of minor life assured in the first policy year total fund value will be paid to the policyholder and the policy will be terminated.","sources":[{"clause":null,"heading":"BENEFITS PAYABLE UNDER THIS PLAN","page":9,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15928#c-benefits-payable-under-this-plan"}],"law":[]},{"key":"maturity_benefit","label":"Maturity benefit","section":"Cover","meaning":"What you get if you survive to the end of the term.","status":"quote-verified","value":"If the life assured survives to the end of the policy term, the total fund value is payable. Total fund value is the sum of base premium fund value and top-up premium fund value.","display":"Total fund value at the end of the policy term","note":null,"quote":"If the life assured survives till the end of the policy term, the total fund value will be payable. Base premium fund value is fund value built up from base premiums chosen by the policyholder at the time of inception Top-up premium fund value is fund value built up from top-up premiums Total fund value is the sum of base premium fund value and top-up premium fund value.","sources":[{"clause":null,"heading":"C2. Maturity Benefit","page":9,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15928#c-c2-maturity-benefit"}],"law":[]},{"key":"premium_paying_term","label":"Premium paying term","section":"Premium","meaning":"For how many years you pay premiums.","status":"quote-verified","value":"Single premium.","display":"Single","note":"From the sales brochure.","quote":"Premium Paying Term | Single","sources":[{"clause":null,"heading":"Plan Eligibility","page":3,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15929#c-plan-eligibility"}],"law":[]},{"key":"maturity_age","label":"Maximum maturity age","section":"Eligibility","meaning":"The oldest age at which cover ends.","status":"quote-verified","value":"The maximum maturity age under the plan is 75 years age last birthday.","display":"75 years age last birthday","note":null,"quote":"The maximum maturity age under the plan is 75 years age last birthday.","sources":[{"clause":null,"heading":"F3. Suicide clause","page":14,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15928#c-f3-suicide-clause"}],"law":[]},{"key":"suicide_clause","label":"Suicide clause","section":"Exclusions","meaning":"What is paid if death is by suicide within the first 12 months.","status":"quote-verified","value":"If death is due to suicide within 12 months from commencement or revival, the nominee or beneficiary is entitled to the fund value available on the date of intimation of death. Charges other than FMC recovered after the date of death are added back.","display":"Suicide within 12 months: fund value on date of intimation of death; non-FMC charges after death added back","note":null,"quote":"In case of death due to suicide within 12 months from the date of commencement of the policy or from the date of revival of the policy, as applicable the nominee or the beneficiary of the policyholder shall be entitled to the fund value, as available on the date of intimation of death. Further, any charges other than Fund Management Charges (FMC) recovered subsequent to the date of death shall be added back to the fund value as available on the date of intimation of death.","sources":[{"clause":null,"heading":"F3. Suicide clause","page":14,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15928#c-f3-suicide-clause"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 21","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 35","url":"https://indiainsurances.com/law/irdai-life-products-2024"}]},{"key":"surrender","label":"Surrender value","section":"Renewal and rights","meaning":"What you get if you stop the policy early, and from when.","status":"quote-verified","value":"The policyholder can surrender at any time. During the lock-in period, unit fund value is credited to the discontinued policy fund and paid after expiry of the 5-year lock-in; after completion of five policy years, the unit fund value is paid without penalty.","display":"Surrender any time; during lock-in paid after 5 years; after five policy years unit fund value paid without penalty","note":null,"quote":"The policyholder can surrender his/her policy at any time during the policy term. If the policyholder requests for discontinuance/ surrender of the policy during the lock in period, the policy shall be treated as a discontinued policy and the unit fund value shall be credited to the discontinued policy fund. ... The discontinued policy fund will be paid to the policyholder after expiry of the lock in period of 5 years from the date of commencement of policy subject to a minimum guaranteed interest as prescribed by IRDAI. If the policy is surrendered after completion of five policy years i.e. after lock in period, the unit fund value of the policyholder will be paid without any penalty.","sources":[{"clause":null,"heading":"D5. Discontinuance /Surrender","page":10,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15928#c-d5-discontinuance-surrender"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 26.1 to 26.3","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 26.4 and 26.5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 27","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.3","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.6","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.16 and 1.17","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(1) to (3)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(4) and (5)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(6) to (9)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(B)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 2(A)(vi)(c)(V)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"paid_up","label":"Paid-up value","section":"Renewal and rights","meaning":"What cover continues if you stop paying premiums after a few years.","status":"not-applicable","value":null,"display":null,"note":"This is a single premium policy, so there are no future base premiums to stop paying after a few years.","quote":null,"sources":[],"law":[]},{"key":"revival","label":"Revival period","section":"Renewal and rights","meaning":"How long after lapsing you can restart the policy.","status":"quote-verified","value":"No revival option under this plan.","display":"No revival option","note":"The definition section states a 3-year revival period generally, but the plan's discontinuance/surrender condition says there is no revival option under this plan.","quote":"There is no revival option under this plan. ... B45. “Revival Period” means the period of three consecutive complete years from the date of first unpaid premium during which period the policyholder is entitled to revive the policy which was discontinued due to the non- payment of premium.","sources":[{"clause":null,"heading":"D5. Discontinuance /Surrender","page":10,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15928#c-d5-discontinuance-surrender"},{"clause":null,"heading":"B45.","page":7,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15928#c-b45"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 50","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.1 and 40.1.2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.4","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.6","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.7","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.10","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.28","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.39","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"policy_loan","label":"Policy loan","section":"Renewal and rights","meaning":"Whether you can borrow against the policy.","status":"quote-verified","value":"No loans are granted under the policy.","display":"No loans","note":null,"quote":"F18. Loans: No loans are granted under the policy.","sources":[{"clause":"5","heading":null,"page":16,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15928#c-5"}],"law":[]},{"key":"riders_available","label":"Riders available","section":"Cover","meaning":"Optional add-ons such as accidental death, critical illness or waiver of premium.","status":"quote-verified","value":["Riders"],"display":"Additional protection through Riders","note":"From the sales brochure. The rider names are not stated in the brochure.","quote":"Additional protection through Riders","sources":[{"clause":null,"heading":null,"page":1,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15929#c-s1"}],"law":[]},{"key":"section45","label":"Claims after 3 years (Section 45)","section":"Claims","meaning":"After 3 years a life policy cannot be questioned on any ground, and only for fraud with proof before that.","status":"quote-verified","value":"No life insurance policy can be called in question on any ground after three years from the later of the policy issuance, commencement of risk, revival or rider date. Within three years, it may be questioned for fraud, with written communication of the grounds and materials.","display":"After three years, no policy can be called in question on any ground; within three years, it may be questioned for fraud with written grounds and materials","note":null,"quote":"No policy of life insurance shall be called in question on any ground whatsoever after the expiry of three years from the date of the policy, i.e. from the date of issuance of the policy or the date of commencement of risk or the date of revival of the policy or the date of the rider to the policy, whichever is later. A policy of life insurance may be called in question at any time within three years from the date of issuance of the policy or the date of commencement of risk or the date of revival of the policy or the date of the rider to the policy, whichever is later, on the ground of fraud. Provided that the insurer shall have to communicate in writing to the insured or the legal representatives or nominees or assignees of the insured the grounds and materials on which such decision is based.","sources":[{"clause":null,"heading":"F23. Fraud and misrepresentation","page":17,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15928#c-f23-fraud-and-misrepresentation"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 45","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 10","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 10","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.6","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 8","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"tax_note","label":"Tax note in the document","section":"Premium","meaning":"What the document says about tax benefits. Not stated when it only says taxes are charged on the premium. Tax law changes; confirm separately.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"free_look","label":"Free-look period","section":"Renewal and rights","meaning":"Days after you receive the policy in which you can return it for a refund if you do not agree with its terms.","status":"quote-verified","value":{"unit":"days","amount":30},"display":"30 days","note":null,"quote":"The policyholder has a period of 30 days from the date of receipt of the policy document, whether received electronically or otherwise, to review the terms and conditions of the policy and where the insured disagrees to any of those terms or conditions, he has the option to return the policy stating the reasons for his objection.","sources":[{"clause":null,"heading":"D5. Discontinuance /Surrender","page":10,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15928#c-d5-discontinuance-surrender"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 5","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(1), 20(2)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(3) to 20(5)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, II.8","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grace_period","label":"Grace period","section":"Renewal and rights","meaning":"Days you get after the due date to pay without losing cover or continuity.","status":"not-applicable","value":null,"display":null,"note":"Grace period is not applicable because this is a single premium policy.","quote":null,"sources":[],"law":[{"title":"The Insurance Act, 1938","section":"Section 50","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 8","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 9","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 8","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, IV.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.2","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 1.3","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"eligibility_entry_age","label":"Entry age","section":"Eligibility","meaning":"The youngest and oldest age at which you can buy this policy.","status":"quote-verified","value":"The minimum entry age is 0 years and the maximum entry age is 65 years age last birthday.","display":"Minimum 0 years; maximum 65 years age last birthday","note":null,"quote":"The minimum age at entry for this plan is 0 years and the maximum age at entry is 65 years age last birthday.","sources":[{"clause":null,"heading":"F3. Suicide clause","page":14,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15928#c-f3-suicide-clause"}],"law":[]},{"key":"premium_modes","label":"Premium payment options","section":"Premium","meaning":"How often you can pay: yearly, half-yearly, quarterly, monthly.","status":"quote-verified","value":["Single"],"display":"Single","note":null,"quote":"Premium Payment Frequency | Single","sources":[{"clause":null,"heading":"ULIP Policy Schedule","page":2,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15928#c-ulip-policy-schedule"}],"law":[]},{"key":"premium_type","label":"Premium payment type","section":"Premium","meaning":"Single premium, regular premium (every year of the term) or limited premium (fewer years than the term).","status":"quote-verified","value":["Single premium"],"display":"Single premium","note":null,"quote":"Single Premium Policy” means Unit Linked insurance policy, where the premium payment is made in lump sum payment at the inception of the policy. ... basic single premium specified in the contract.","sources":[{"clause":null,"heading":"B49.","page":7,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15928#c-b49"},{"clause":null,"heading":"D5. Discontinuance /Surrender","page":10,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15928#c-d5-discontinuance-surrender"}],"law":[]},{"key":"lock_in","label":"Lock-in period","section":"Renewal and rights","meaning":"Years before you can withdraw. ULIPs have a 5-year lock-in.","status":"quote-verified","value":{"unit":"years","amount":5},"display":"five consecutive completed years","note":null,"quote":"“Lock-in Period” means the period of five consecutive completed years from the date of commencement of the policy, during which period the proceeds of the discontinued policies cannot be paid by the insurer to the policyholder or to the insured, as the case may be, except in the case of death or upon the happening of any other contingency covered under the policy.","sources":[{"clause":null,"heading":"B32.","page":6,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15928#c-b32"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.1 and 40.1.2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 4","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 42","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 54.1 and 54.2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.5","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.22 to 1.24","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(B)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 2(A)(vii) to (ix)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 2(A)(vi)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"funds","label":"Fund options","section":"Cover","meaning":"The investment funds you can choose and their risk.","status":"quote-verified","value":["Preserver: very low risk with steady returns","Balancer: Moderate risk with potentially better returns","Maximus: High risk with high returns","Accelerator: very high risk with significantly high returns","Tyaseer: Very high risk with significantly higher returns from Investments in stocks and shares other than banks NBFCs, breweries, distilleries, alcohol based chemicals, Cigarettes, tobacco, entertainment, leather, sugar and hatcheries","Discontinued policy fund: As Mandated by IRDA with a minimum Guaranteed return as prescribed by IRDA from time to time"],"display":"Preserver, Balancer, Maximus, Accelerator, Tyaseer and Discontinued policy fund","note":"Policyholder may choose any one fund except the discontinued policy fund, or a combination in fixed percentages.","quote":"Preserver ULIF01507/01/10PRSERVRFND128 | 0% | 80%-100% | 0% - 20% | very low risk with steady returns\nBalancer ULIF01707/01/10BALANCRFND128 | 40%-60% | 20%- 60% | 0% - 20% | Moderate risk with potentially better returns\nMaximus | 0%-70% | 30%-100% | 0% - 20% | High risk with high returns\nULIF00301/07/06MAXIMUSFND128\nAccelerator ULIF00401/03/07ACCELRATOR128 | 90%-100% | 0% | 0% - 10% | very high risk with significantly high returns\nTyaseer ULIF01401/09/09TYASEERFND128 | 90%-100% | 0% | 0% - 10% | Very high risk with significantly higher returns from Investments in stocks and shares other than banks NBFCs, breweries, distilleries, alcohol based chemicals, Cigarettes, tobacco, entertainment, leather, sugar and hatcheries.\n*Discontinued policy fund ULIP01801/11/11DISCONTFND128 | 0% | 60% to 100% “1” | 0% to 40% | As Mandated by IRDA with a minimum Guaranteed return as prescribed by IRDA from time to time","sources":[{"clause":"Part E","heading":"Charges under the Plan","page":12,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15928#c-part-e-2"}],"law":[]},{"key":"premium_allocation_charge","label":"Premium allocation charge","section":"Charges","meaning":"Part of each premium taken before investing.","status":"quote-verified","value":"5% of the single premium at inception. The sales brochure also states 2% of Top up Premium.","display":"5% of the single premium at the inception; 2% of Top up Premium","note":"Top-up premium allocation charge is from the sales brochure; the policy wording excerpt states the single premium charge.","quote":"E1. Premium Allocation Charge: | 5% of the single premium at the inception ... Premium Allocation Charge 5% of the single premium at the inception. 2% of Top up Premium","sources":[{"clause":"Part E","heading":"Charges under the Plan","page":11,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15928#c-part-e"},{"clause":null,"heading":"Charges under the Plan","page":8,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15929#c-charges-under-the-plan"}],"law":[]},{"key":"policy_admin_charge","label":"Policy administration charge","section":"Charges","meaning":"Monthly charge deducted from your fund.","status":"quote-verified","value":"From the first to fifth policy year, 1.25% p.a. on the single premium and top-up premiums paid; from the sixth year onwards, nil. It is deducted monthly by cancellation of units and shall not exceed Rs. 500 per month.","display":"1.25% p.a. on the single premium & Top up premiums paid for first to fifth policy year; sixth year onwards Nil; maximum Rs. 500 per month","note":null,"quote":"E2. Policy Administration Charge:\nFirst policy year to fifth policy year | : 1.25% p.a. on the single premium & Top up premiums paid\nSixth Year onwards | : Nil\nThese charges are deducted monthly from the unit fund by cancelling appropriate number of units. The policy administration charge shall not exceed Rs. 500 per month.","sources":[{"clause":"Part E","heading":"Charges under the Plan","page":11,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15928#c-part-e"}],"law":[]},{"key":"fund_management_charge","label":"Fund management charge","section":"Charges","meaning":"Yearly charge on fund value; capped at 1.35% by IRDAI.","status":"quote-verified","value":"Fund management charge is adjusted in NAV daily: Preserver 1.25%, Balancer, Maximus, Accelerator and Tyaseer 1.35%, and discontinued policy fund 0..50%.","display":"Preserver 1.25%; Balancer, Maximus, Accelerator & Tyaseer 1.35%; Discontinued policy fund 0..50%","note":null,"quote":"E4. Fund Management Charges: An Investment management charge as detailed below will be charged by adjustment of the Net Asset Values of the units of the fund on a daily basis.\nName of the fund | FMC\nPreserver, | 1.25%\nBalancer, Maximus, Accelerator & Tyaseer | 1.35%\nDiscontinued policy fund | 0..50%","sources":[{"clause":"Part E","heading":"Charges under the Plan","page":11,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15928#c-part-e"}],"law":[]},{"key":"mortality_charge","label":"Mortality charge","section":"Charges","meaning":"Cost of life cover, deducted monthly by age.","status":"quote-verified","value":"Mortality charges are charged on sum at risk at the beginning of each policy month by cancelling units until the policy becomes a claim, discontinued or surrendered. Sum at risk is death benefit minus total fund value.","display":"Charged monthly on Sum at Risk; Sum at Risk = Death benefit minus total fund value","note":null,"quote":"E3. Mortality Charge:\nMortality charges will be charged on Sum at Risk at the beginning of each policy month by cancelling requisite number of units from the policyholder’s unit fund till the policy becomes a claim (maturity or death) or discontinued or surrendered. Sum at risk is mentioned below. Sum at Risk=Death benefit minus total fund value","sources":[{"clause":"Part E","heading":"Charges under the Plan","page":11,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15928#c-part-e"}],"law":[]},{"key":"discontinuance_charge","label":"Discontinuance charge","section":"Charges","meaning":"Charge if you stop paying in the first five years.","status":"quote-verified","value":"If discontinued in policy years 1 to 4, discontinuance charges are lower-of percentage of single premium or fund value with rupee caps, varying by single premium up to Rs.3,00,000/- or above Rs.3,00,000/-. From year 5 onwards, the charge is nil; there is no discontinuance charge on top-up fund value.","display":"Year 1: lower of 2% or 1% of SP/FV with caps; Year 2: 1.5% or 0.70%; Year 3: 1% or 0.50%; Year 4: 0.5% or 0.35%; 5 and onwards Nil","note":null,"quote":"The discontinuance charges as specified below will be charged from the fund value on the date of discontinuance in case the policy is discontinued.\nWhere the policy is discontinued during the policy year | Discontinuance Charges for the policies having Single Premium up to Rs.3,00,000/- | Discontinuance Charges for the policies having Single Premium above Rs.3,00,000/- ... 1 | Lower of 2% *(SP or FV) subject to a maximum of Rs.3000/- | Lower of 1% *(SP or FV) subject to a maximum of Rs.6000/- ... 2 | Lower of 1.5% *(SP or FV) subject to a maximum of Rs. 2000/- | Lower of 0.70% *(SP or FV) subject to a maximum of Rs. 5000/- ... 3 | Lower of 1% *(SP or FV) subject to a maximum of Rs.1500/- | Lower of 0.50%* (SP or FV) subject to a maximum of Rs. 4000/- ... 4 | Lower of 0.5% *(SP or FV) subject to a maximum of Rs. 1000/- | Lower of 0.35% *(SP or FV) subject to a maximum of Rs. 2000/-\n5 and onwards | Nil | Nil ... There is no discontinuance charge on top-up fund value.","sources":[{"clause":"Part E","heading":"Charges under the Plan","page":11,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15928#c-part-e"},{"clause":"Row 1","heading":"Lower of 2% *(SP or FV) subject to a maximum of Rs.3000/-","page":12,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15928#c-row-1"},{"clause":"Row 2","heading":"Lower of 1.5% *(SP or FV) subject to a maximum of Rs. 2000/-","page":12,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15928#c-row-2"},{"clause":"Row 3","heading":"Lower of 1% *(SP or FV) subject to a maximum of Rs.1500/-","page":12,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15928#c-row-3"},{"clause":"Row 4","heading":"Lower of 0.5% *(SP or FV) subject to a maximum of Rs. 1000/-","page":12,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15928#c-row-4"},{"clause":"Part E","heading":"Charges under the Plan","page":12,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15928#c-part-e-2"}],"law":[]},{"key":"switches_withdrawals","label":"Switches and partial withdrawals","section":"Renewal and rights","meaning":"Free fund switches and withdrawals after lock-in.","status":"quote-verified","value":"Partial withdrawals are allowed only after the fifth policy anniversary; for minor lives, only after the life insured attains age 18 years. The minimum withdrawal is Rs.10000/-, one partial withdrawal is free during the policy term, and later withdrawals are charged Rs.250; fund switching is allowed, and the sales brochure says unlimited fund switches are free of cost.","display":"Partial withdrawals after fifth policy anniversary; minors after age 18; minimum Rs.10000/-; one free withdrawal then Rs.250; unlimited fund switches free of cost","note":"Free unlimited switches are from the sales brochure. The policy wording also says switches will be allowed during the settlement period with no switching charge in D1, but D4 says fund switches are not allowed during the settlement period.","quote":"Partial withdrawals are allowed only after fifth policy anniversary. In case of minor lives assured, this facility is allowed only after the life insured attains age of 18 years. The minimum amount withdrawn each time should be at least Rs.10000/-. Only one partial withdrawal is allowed at free of charge during the policy term. For every subsequent partial withdrawal, a partial withdrawal charge of Rs.250 will be levied on the unit fund at the time of partial withdrawal ... D4. Switching: The Policyholder can switch units from one Fund to another Fund out of the funds mentioned above, during the policy term. Fund switches are not allowed during the settlement period ... Unlimited Fund Switches free of cost","sources":[{"clause":null,"heading":"OPTIONS UNDER THE PLAN","page":9,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15928#c-options-under-the-plan"},{"clause":null,"heading":null,"page":1,"url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15929#c-s1"}],"law":[]}],"documents":[{"kind":"wording","label":"Policy Document","pages":23,"fetched_at":"2026-10-17 20:00:16+00","source_url":"https://cdn.shriramlife.com/slic-kalam/files/2026-03/policy_document_fortune-builder-v04.pdf?VersionId=_1s8p8ZHmwrr.4Oqxo.M0cT2_g8t.w18","url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15928"},{"kind":"brochure","label":"Presentation","pages":12,"fetched_at":"2026-10-17 20:00:15+00","source_url":"https://cdn.shriramlife.com/slic-kalam/files/2026-03/website-ppt-fortune-builder-v04.pdf?VersionId=pu6Vojt7sAy_ukhDUaq5KpW.JLcEBJhF","url":"https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04/document/15929"}],"versions":[],"where_to_buy":[{"purpose":"buy","kind":"insurer","name":"Shriram Life Insurance official website","url":"https://www.shriramlife.com/","note":"Buy directly from the insurer."},{"purpose":"buy","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"claims_and_complaints":[{"purpose":"claim","kind":"insurer","name":"Claim centre","url":"https://www.shriramlife.com/services/claim-centre","note":null},{"purpose":"claim","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"grievance","kind":"insurer","name":"Grievance redressal","url":"https://www.shriramlife.com/services/grievance-redressal","note":null},{"purpose":"grievance","kind":"official","name":"Bima Bharosa (IRDAI grievance portal)","url":"https://bimabharosa.irdai.gov.in/","note":"Register and track a complaint against any insurer with IRDAI. Complain to the insurer first; escalate here if the reply is late or unsatisfactory."},{"purpose":"grievance","kind":"official","name":"e-Daakhil (consumer commission e-filing)","url":"https://edaakhil.nic.in/","note":"Not reachable from our crawler on 2026-10-19; use e-Jagriti if this link does not open."},{"purpose":"grievance","kind":"official","name":"e-Jagriti (consumer commission filing)","url":"https://e-jagriti.gov.in/","note":"Ministry of Consumer Affairs platform for consumer commission cases, a route for insurance disputes that the Ombudsman does not settle."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Ahmedabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Gujarat, Dadra & Nagar Haveli, Daman and Diu. Email: oio.ahmedabad@cioins.co.in. Phone: 079 - 25501201/02. Address: Office of the Insurance Ombudsman, Jeevan Prakash Building, 6th floor, Tilak Marg, Relief Road, AHMEDABAD – 380 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bengaluru","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Karnataka. Email: oio.bengaluru@cioins.co.in. Phone: 080 - 26652048 / 26652049. Address: Office of the Insurance Ombudsman, Jeevan Soudha Building,PID No. 57-27-N-19 Ground Floor, 19/19, 24th Main Road, JP Nagar, Ist Phase, Bengaluru – 560 078."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhopal","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Madhya Pradesh, Chhattisgarh. Email: oio.bhopal@cioins.co.in. Phone: 0755 - 2769201 / 2769202 / 2769203. Address: Office of the Insurance Ombudsman, 1st floor,\"Jeevan Shikha\", 60-B,Hoshangabad Road, Opp. Gayatri Mandir,Arera Hills Bhopal – 462 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhubaneswar","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Odisha. Email: oio.bhubaneswar@cioins.co.in. Phone: 0674 - 2596461 /2596455/2596429/2596003. Address: Office of the Insurance Ombudsman, 62, Forest park, Bhubaneswar – 751 009."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chandigarh","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Punjab, Haryana (excluding Gurugram, Faridabad, Sonepat and Bahadurgarh), Himachal Pradesh, Union Territories of Jammu & Kashmir,Ladakh & Chandigarh. Email: oio.chandigarh@cioins.co.in. Phone: 0172-2706468. Address: Office Of The Insurance Ombudsman, Jeevan Deep Building SCO 20-27, Ground Floor Sector- 17 A, Chandigarh – 160 017."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chennai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Tamil Nadu, PuducherryTown and Karaikal (which are part of Puducherry). Email: oio.chennai@cioins.co.in. Phone: 044 - 24333668 / 24333678. Address: Office of the Insurance Ombudsman, Fatima Akhtar Court, 4th Floor, 453, Anna Salai, Teynampet, CHENNAI – 600 018."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Delhi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Delhi & following Districts of Haryana - Gurugram, Faridabad, Sonepat & Bahadurgarh. Email: oio.delhi@cioins.co.in. Phone: 011 - 46013992/23213504/23232481. Address: Office of the Insurance Ombudsman, 2/2 A, Universal Insurance Building, Asaf Ali Road, New Delhi – 110 002."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Guwahati","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Assam, Meghalaya, Manipur, Mizoram, Arunachal Pradesh, Nagaland and Tripura. Email: oio.guwahati@cioins.co.in. Phone: 0361 - 2632204 / 2602205 / 2631307. Address: Office of the Insurance Ombudsman, Jeevan Nivesh, 5th Floor, Near Pan Bazar , S.S. Road, Guwahati – 781001(ASSAM)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Hyderabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Andhra Pradesh, Telangana, Yanam and part of Union Territory of Puducherry. Email: oio.hyderabad@cioins.co.in. Phone: 040 - 23312122 / 23376991 / 23376599 / 23328709 / 23325325. Address: Office of the Insurance Ombudsman, 6-2-46, 1st floor, \"Moin Court\", Lane Opp.Hyundai Showroom , A. C. Guards, Lakdi-Ka-Pool, Hyderabad - 500 004."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Jaipur","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Rajasthan. Email: oio.jaipur@cioins.co.in. Phone: 0141- 2740363. Address: Office of the Insurance Ombudsman, Jeevan Nidhi – II Bldg., Gr. Floor, Bhawani Singh Marg, Jaipur - 302 005."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kochi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Kerala, Lakshadweep, Mahe-a part of Union Territory of Puducherry. Email: oio.ernakulam@cioins.co.in. Phone: 0484 - 2358759. Address: Office of the Insurance Ombudsman, 10th Floor, Jeevan Prakash,LIC Building, Opp to Maharaja's College Ground,M.G.Road, Kochi - 682 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kolkata","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: West Bengal, Sikkim, Andaman & Nicobar Islands. Email: oio.kolkata@cioins.co.in. Phone: 033 - 22124339 / 22124341. Address: Office of the Insurance Ombudsman, Hindustan Bldg. Annexe, 7th Floor, 4, C.R. Avenue, KOLKATA - 700 072."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Lucknow","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Districts of Uttar Pradesh : Lalitpur, Jhansi, Mahoba, Hamirpur, Banda, Chitrakoot, Allahabad, Mirzapur, Sonbhabdra, Fatehpur, Pratapgarh, Jaunpur,Varanasi, Gazipur, Jalaun, Kanpur, Lucknow, Unnao, Sitapur, Lakhimpur, Bahraich, Barabanki, Raebareli, Sravasti, Gonda, Faizabad, Amethi, Kaushambi, Balrampur, Basti, Ambedkarnagar, Sultanpur, Maharajgang, Santkabirnagar, Azamgarh, Kushinagar, Gorkhpur, Deoria, Mau, Ghazipur, Chandauli, Ballia, Sidharathnagar. Email: oio.lucknow@cioins.co.in. Phone: 0522 - 4002082 / 3500613. Address: Office of the Insurance Ombudsman, 6th Floor, Jeevan Bhawan, Phase-II, Nawal Kishore Road, Hazratganj, Lucknow - 226 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Mumbai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: List of wards under Mumbai Metropolitan Region excluding wards in Mumbai – i.e M/E, M/W, N , S and T covered under Office of Insurance Ombudsman Thane and excluding areas of Navi Mumbai. Email: oio.mumbai@cioins.co.in. Phone: 022 - 69038800/27/29/31/32/33. Address: Office of the Insurance Ombudsman, 3rd Floor, Jeevan Seva Annexe, S. V. Road, Santacruz (W), Mumbai - 400 054."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Noida","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Uttarakhand and the following Districts of Uttar Pradesh: Agra, Aligarh, Bagpat, Bareilly, Bijnor, Budaun, Bulandshehar, Etah, Kannauj, Mainpuri, Mathura, Meerut, Moradabad, Muzaffarnagar, Oraiyya, Pilibhit, Etawah, Farrukhabad, Firozbad, Gautam Buddh nagar, Ghaziabad, Hardoi, Shahjahanpur, Hapur, Shamli, Rampur, Kashganj, Sambhal, Amroha, Hathras, Kanshiramnagar, Saharanpur. Email: oio.noida@cioins.co.in. Phone: 0120-4027589. Address: Office of the Insurance Ombudsman, Bhagwan Sahai Palace 4th Floor, Main Road, Naya Bans, Sector 15, Distt: Gautam Buddh Nagar, U.P-201301."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: offices and jurisdiction","url":"https://www.cioins.co.in/Ombudsman","note":"Addresses, phone numbers, e-mail and the states or districts each Ombudsman office covers."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Patna","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Bihar, Jharkhand. Email: oio.patna@cioins.co.in. Phone: 0612-2547068. Address: Office of the Insurance Ombudsman, 2nd Floor, Lalit Bhawan, Bailey Road, Patna 800 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Pune","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Goa and State of Maharashtra excluding areas of Navi Mumbai, Thane district,Palghar District, Raigad district & Mumbai Metropolitan Region. Email: oio.pune@cioins.co.in. Phone: 020-24471175. Address: Office of the Insurance Ombudsman, Jeevan Darshan Bldg., 3rd Floor, C.T.S. No.s. 195 to 198, N.C. Kelkar Road, Narayan Peth, Pune – 411 030."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: register a complaint online","url":"https://cioins.co.in/Complaint/Online","note":"Council for Insurance Ombudsmen. Free. For disputes with an insurer after its own grievance process; the office is chosen by where you live (see the offices list)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Thane","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Area of Navi Mumbai, Thane District, Raigad District, Palghar District and wards of Mumbai , M/East, M/West, N, S and T. Email: oio.thane@cioins.co.in. Phone: 022-20812868/69. Address: Office of the Insurance Ombudsman, Jeevan Chintamani Building, 2nd Floor,Near New RTO Office, Louis Wadi,Vasantrao Naik Mahamarg, Thane (West)- 400604."},{"purpose":"grievance","kind":"official","name":"National Consumer Helpline","url":"https://consumerhelpline.gov.in/public/","note":"Government consumer helpline; can take up a complaint before you go to a consumer commission."},{"purpose":"port","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"renew","kind":"insurer","name":"Renewal payment options","url":"https://www.shriramlife.com/services/renewal-payment-options-online","note":null}],"notice":"Information, not advice. IndiaInsurances is not an insurer or an insurance intermediary, does not sell insurance and earns no commission. Policy terms change and your own policy schedule can differ: always confirm with the policy document and the insurer before you buy or claim.","cite_as":"Shriram Life Fortune Builder (UIN 128L038V04), IndiaInsurances, https://indiainsurances.com/policy/shriram-life-insurance/shriram-life-fortune-builder-128l038v04"}