MUMBAI: Shriram Life Insurance (SLIC) on Tuesday launched a unit linked premium plan - Shriram Pension Plan which gives clients varied options to invest their money and receive maximum returns post-retirement.
The plan gives a unique feature of no life cover, which provides clients who do not require further life cover (or do not qualify for life cover for medical reasons) with the option of a savings only, the company said in a statement.
The other feature under the plan is Auto Transfer, which reduces the risk of investing the full premium into a fund with a volatile NAV by allowing premiums to be invested in a low risk fund (Secure Plus) and gradually transferring the money into the chosen investment portfolio.
The plan also offers low risk fund like Secure plus (a debt linked fund for those desiring stability) and Tyaseer fund, a Shariah friendly investment fund.
"With this plan we aim to provide our clients varied options to invest their money so that they can receive maximum returns in their future," Shriram Life Chief Executive Officer (New Channel), Gerhard Joubert, said.
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