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.


  • Multiple funds and investment strategies to choose from

  • Unlimited Switching & Premium Redirection free of cost

  • Choice of Premium Payment Terms – Regular or Limited

  • Choice of Policy Term – 10, 15 to 20 years

  • Additional protection through Riders


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.




7 Years ^


60 Years

(Age last birthday)

Maturity AGE


70 Years

(Age last birthday)

Sum Assured


7 X Annualized Premium &


No limit, subject to Board approved underwriting policy

policy term

10 Years, 15 to 20 Years


  • Yearly
  • Half-yearly
  • Quarterly
  • Monthly



Same as policy term


5/10/15 years



Annual – ₹ 12,000

Half Yearly – ₹ 7,500

Quarterly – ₹ 5,000

Monthly – ₹ 2,000


No limit, subject to Board approved underwriting policy

RIDERS (Add Ons)

Accident Death Benefit Rider at Shriram Life

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

Critical Illness Benefit Rider at Shriram Life

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

Critical Illness Benefit Rider at Shriram Life

Critical Illness Care Rider
(UIN – 128A014V01)



  1. Unit Linked life insurance products are different from traditional life insurance products and are subject to the market risk factors.

  2. 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.

  3. 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.

  4. Please know the associated risks and the applicable charges, from your insurance agent or the intermediary or policy document issued by the insurance company.

  5. 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.

  6. 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

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

Read the brochure here