Terms & Conditions
  • *T&C Applied. Returns guaranteed by the Insurer as per the Insurance Plans.
  • **Returns guaranteed by the insurer
  • *** Tax adjusted Returns - assuming 30% tax bracket

Shriram Guaranteed Wealth Preserver Plan

*Please note that the quotes shown will be from our partners
*savings provided by insurer



Shriram Guaranteed Wealth Preserver is a traditional savings plan with a one- time investment which yields guaranteed benefits to provide investment growth and also gives life insurance coverage

Key Features

  • It is a non-participating plan with Single premium payment option
  • The plan promises guaranteed Maturity benefits and death benefits


  • On death, the death Sum Assured is payable which is higher of 125% of the Single Premium is age is less than 45 years or 110% of the Premium for ages equal to and above 45 years or the Sum Assured or Maturity Sum Assured
  • The Sum Assured is calculated as 10 times the Single Premium
  • Maturity Sum Assured is the Guaranteed Maturity Benefit which is calculated multiplying the guaranteed maturity benefit factor with the single premium paid
  • On maturity, the Guaranteed Maturity Benefit is paid
  • The guaranteed maturity benefit factor depends on the amount of premium paid, age and the policy term chosen
  • Income tax benefit on the premium paid as per Section 80C and on claims received as per Section 10(10D) of the Income Tax Act.

Product Specification:




Entry Age (Last Birthday)

3 years

40 years

Maturity Age (Last Birthday)

18 years

55 years

Policy Term (PT) in years

5 or 10 or 15

Premium Paying Term (PPT) in years

Single pay

Premium Paying Frequency

Annual, half-yearly, quarterly, monthly

Yearly Premium


No limit

Sum Assured


No limit

Details About Premium

The corresponding Sum Assured for a Single Premium of 1 lakh

Age / Term (in years)




















Policy Details

Grace Period: grace period is not applicable in single pay plans

Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy whereupon the Surrender Value will be paid which will be higher of the Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV).

GSV = GSV % of Single premium paid

Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.


  • Loan is available under the plan @ 80% of Surrender Value

Additional Features or Riders

  • The plan provides the option of 3 riders for a comprehensive coverage:
  1. Accident Benefit Rider
  2. Family Income Benefit Rider
  3. Shriram Critical Illness Cover Rider


  • In case of suicide within 12 months of policy inception 80% of the premium paid or the Surrender Value will be returned

Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and necessary KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.

fixed deposit with life cover
Written By: PolicyBazaar - Updated: 16 March 2016