Shriram Life Wealth Plus
In this policy, the investment risk in the 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 policyholders will not be able to surrender/withdraw the monies invested in Linked Insurance Products completely or partially till the end of fifth year.
Shriram Life Wealth Plus (UIN: 128L036V03) is a unit linked insurance plan that protects your loved ones and ensures they are protected financially even when you are not around. It also helps grow your investments and maximizes returns on them thereby offering both savings and protection under a single plan.
KEY FEATURES
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Multiple funds and investment strategies to choose from
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Unlimited Switching & Premium Redirection free of cost
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Choice of Premium Payment Terms – Regular or Limited
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Choice of Policy Term – 10, 15 to 20 years
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Additional protection through Riders
KEY BENEFITS
Maturity Benefits#
If the life assured survives till the end of the policy term, the total fund value will be payable.
Death Benefits#
In case of death of Life Assured during the policy term:
- Sum Assured along with top-up sum assured (if any), base premium fund value and top-up premium fund value (if any) will be paid to the nominee(s) or beneficiary(ies) and the policy will be terminated.
ELIGIBILITY
ENTRY AGE
Minimum
7 Years ^
Maximum
60 Years
Maturity AGE
Maximum
70 Years
Sum Assured
Minimum
7 X Annualized Premium &
Maximum
No limit, subject to Board approved underwriting policy
policy term
10 Years, 15 to 20 Years
PREMIUM PAYMENT MODE
- Yearly
- Half-yearly
- Quarterly
- Monthly
PREMIUM PAYING TERM
Regular
Same as policy term
Limited
5/10/15 years
Premium
Minimum
Annual – ₹ 12,000
Half Yearly – ₹ 7,500
Quarterly – ₹ 5,000
Monthly – ₹ 2,000
Maximum
No limit, subject to Board approved underwriting policy
RIDERS (Add Ons)

Shriram Accidental Death & Disability Rider (UIN – 128A012V01)

Shriram Accidental Death & Disability Income Rider (UIN – 128A013V01)

Shriram
Critical Illness Care Rider
(UIN – 128A014V01)
MORE
Disclaimers:
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Unit Linked life insurance products are different from traditional life insurance products and are subject to the market risk factors.
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The premium paid in Unit Linked life insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of the fund and factors influencing the capital market and the insured is responsible for his / her decisions.
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Shriram Life is only the name of the Life insurance company and Shriram Life Wealth Plus is only the name of the unit linked insurance contract and does not in any way indicate the quality of the plan, its future prospects or returns.
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Please know the associated risks and the applicable charges, from your insurance agent or the intermediary or policy document issued by the insurance company.
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The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects or returns.
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The past performance of the fund options is not indicative of future performance of these funds.
# Provided all the premiums are paid and the policy is in force.
^ Risk cover starts from date of commencement of policy for all lives including minors. In case of a minor life, the policy will vest in the Life Assured on attainment of age 18 years.
& Annualised premium shall be the premium payable in a year chosen by the policyholder, excluding the underwriting extra premiums, rider premiums, loadings for modal premiums, taxes and other statutory levies, if any.
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.
IRDAI Regn No. 128
CIN: U66010TG2005PLC045616
BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRADULENT OFFERS
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
The Trade Logo displayed above belongs to Shriram Value Services Limited (“SVS”) and used by Shriram Life Insurance Company Limited under a License agreement.”
ARN – SLIC/Elec/Dec 2020/44
Read the policy document here