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Shubh Labh - Tax Saver Plan

In this policy the investment risk in investment portfolio will be borne by the policyholder
UIN: 136L025V03

Shubh Labh is a unit linked insurance plan. it helps you meet your protection and investment needs, provides you the right channel to invest your hard-earned money by providing you a choice of 6 investment funds along with providing Life Cover.

Shubh Labh Plan Product Parameters Product Parameters

Shubh Labh Plan Age Criteria

Age Criteria

  • Entry Age (Life Assured)


    7 years


    70 years
Shubh Labh Plan Term

Policy Term


5 years


40 years
Shubh Labh Plan Sum Assured

Sum Assured

  • Minimum
    125% x single premium(for age below 45 years)
    110% x single premium (for age 45 years and above)
  • Maximum
    10 x single premium
    (subject to underwriting)
Shubh Labh Plan Premium Payment Details

Premium Payment Details

  • Premium Payment Term

    Single Premium Only

  • Annual Premium




    No Limit(subject to underwriting)
In this policy, the investment risk in Investment Portfolio is borne by the policyholder.
The Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender/withdraw the monies invested in Linked Insurance Products completely or partially till the end of the fifth year.

You want to be financially comfortable and ensure that you have adequate funds in place to fulfill your dreams and to enjoy your life. Your living expenses and financial goals vary with different stages of your life, whether saving for retirement, raising a child or simply having the financial freedom to do as you want.

India Multi-Cap Equity Fund

Now generate capital appreciation in the long term through equity investments by investing in a diversified portfolio of Small Cap, Mid Cap and Large Cap companies.

Single Premium Payment Option

This plan gives you the flexibility to pay only once, that is, a single premium at the beginning of your policy and provides you Life Cover throughout the policy term as chosen by you.

Unlimited Free Switching

You can switch some or all of your investments from one fund to another, any number of times at zero charges.

Partial Withdrawals

You can easily withdraw money from your fund in case of financial emergency through partial withdrawals from 6th policy year onwards.

Increase/Decrease of Sum Assured: Change in Sum Assured

You can increase or decrease your sum assured, depending on your changing needs, from the 6th policy year onwards.

Auto Funds Rebalancing

This option helps you maintain your investments in your preferred proportion across funds irrespective of market movements.

Safety Switch Option

This option enables you to potentially lock in your gains by moving your funds systematically to a relatively low risk Liquid Fund in the last 4 years.

Death Benefits

In the unfortunate event of your death while your policy is in-force, your nominee will receive higher of:

  • Sum Assured less applicable partial withdrawals
  • Fund value
  • 105% of single premium paid by you
Maturity Benefits

Your policy will mature at the end of the policy term as chosen by you at inception. You will receive the Fund Value based on the prevailing NAVs at maturity.

Loyalty Additions

Loyalty Additions will be added at the end of each policy month, starting from 49th policy month till the end of the policy term and will be a percentage of fund value.

Policy Year Loyalty Additions per month
5th onwards 0.06% of Fund Value
Investment Funds

You can choose to invest in 6 investment funds with equity exposure ranging 0% to100%, depending on your investment philosophy:

  • India Multi-Cap Equity Fund
  • Equity II Fund
  • Growth Plus Fund
  • Balanced Plus Fund
  • Debt Plus Fund
  • Liquid Fund
Tax Benefits#

You can avail tax benefit on the premium paid subject to current applicable provisions of Section 80C of income Tax Act, 1961.

#Tax benefits under the policy will be as per the prevailing Income Tax laws and are subject to amendments from time to time. For tax related queries, contact your independent tax advisor.

Mr. Bahri, age 45 chooses to pay a single premium of 10,00,000/- as shown below. He opts for a Sum Assured of 110% of the single premium. The table below shows maturity values assuming annual gross investment return of 4%* and 8%* with 100% investment in Equity II Fund.

Single Premium () Sum Assured () Assuming Gross Investment Return for a 15 year term ()
4%* 8%*
10,00,000 11,00,000 14,76,116 26,09,962

*The assumed rates of return (4% p.a. or 8% p.a.) shown in the above illustrative examples of different scenarios are not guaranteed and they are not the upper or lower limits of what you might get back as the value of your Policy depends on a number of factors including future investment performance. The Fund Values shown in the above illustrative example are after deduction of all charges (including Goods and Services Tax & Applicable cess (es)/levy, if any @18%).