Shriram Life Wealth Plus

Shriram Life Wealth Plus is designed to protect to the policyholder and their dependents. Being a unit-linked insurance product, it has multiple characteristics of savings plus investment plus protection. The policyholder can grow investments over time with a single plan. * 

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Buy Shriram Life Wealth Plus to gain access to multiple funds and investment strategies to invest in. Flexible policy terms, additional protection through riders, unlimited fund switching, and premium redirection, all of this is free of cost. Opt for the regular or limited premium payment term. The key feature of this plan is that it assures a minimum sum assured which is seven times the annualized premium. 

*Terms and Conditions apply

Shriram Life Wealth Plus Details:



Policy Tenure

10 years, 15 years, or 20 years

Premium Paying Term

Regular or limited. Regular is the same as policy tenure. Limited is 10, 15, or 20 years

Premium Paying Mode

Shriram Life Wealth Plus premium can be paid monthly, quarterly, half-yearly, or yearly

Entry Age

The Minimum age is 7 years
Maximum age at entry 60 years

Maturity Age

70 years

Grace Period

30 days from the premium due date. 15 days for monthly mode

Sum Assured

The minimum sum assured is 7 x annualized premium.
There is no maximum limit.
However, is subject to board-approved underwriting policy. 


Provided the Shriram Life Wealth Plus policy status is in force, partial withdrawals are allowed from the 5th policy year onwards.
In the case of minors, partial withdrawal is allowed only after attaining 18 years of age. The minimum partial withdrawal amount is Rs. 10,000. Only one partial withdrawal is free of charge.
An amount equal to 5 times the annualized premium should be available in the policyholder’s account as a minimum. Partial withdrawals are first allowed from the unit fund that was built with top-up premiums, and later by the unit fund that was built with basic premiums

Benefits of the Shriram Life Wealth Plus

Online Shriram Life Wealth Plus has the following benefits:

  1. Maturity Benefit:

    Upon surviving the policy term, the total fund value is paid out. The fund value is of two types – the base premium and the top-up premium. The former is built from base premiums and the latter from top-up premiums. The total fund value is the sum of the base and top-up premium fund values. The fund value is computed as the number of units in credit multiplied by the prevailing net asset value. 

  2. Death Benefit:

    In the case of unfortunate death of the policyholder, sum assured plus top-up sum assured (if any), base, and premium fund value is paid to the nominee of the policyholder. The minimum death benefit is 105% of the total premiums paid towards the policy. The sum assured is chosen by the policyholder at the time of commencement of the policy. 

  3. Policy Loan Benefit

    Regardless of the Shriram Life Wealth Plus status, a policy loan is not available. 

  4. Surrender Benefit:

    Shriram Life Wealth Plus policy can be surrendered anytime and after the lock-in period, the proceeds of the discontinued policy are paid. No charges are levied except for fund management charges. The discontinued policy earns a minimum guaranteed interest rate of 4% pa.  

  5. Tax Benefits:

    Tax benefits can be availed on the paid premiums and as per existing tax laws benefits are received by the insured, as per Shriram Life Wealth Plus Income. Tax benefits for the Shriram Life Fortune Builder plan can be claimed under Section 10(10D) and Section 80C of the Income Tax Act, 1961. 

    *Tax benefit is subject to changes in tax laws

The Premiums for Shriram Life Wealth Plus

The online Shriram Life Wealth Plus policy has regular premium or limited premiums.

The minimum premium annually is Rs. 12,000. Half-yearly is Rs. 7,500. Quarterly is Rs. 5,000. Monthly is Rs. 2,000. 

There is no maximum premium limit. *

Use the Shriram Life Wealth Plus calculator to compute the premium.

*Standard T&C Apply

Additional Riders for Shriram Life Wealth Plus

Additional riders can be taken apart from paying Shriram Life Wealth Plus premium.

The riders are Shriram Life Accidental Death and Disability Rider. Shriram Life Accidental Death and Disability Income Rider. Shriram Life Critical Illness Care Rider. 

Eligibility for Shriram Life Wealth Plus

The minimum age at entry for the Shriram Life Wealth Plus policy is 7 years and the maximum age for entry is 60 years. Max age at maturity is 70 years. 

What are the documents required to buy this policy?

To buy Shriram Life Wealth Plus, the following documents are required:

  • Identity proof, such as Aadhar card, voter's card, or passport
  • Address proof, such as Aadhar card, driving license, ration card, voter's card, or passport
  • Income proof, such as Income tax returns or salary slips

How to buy this plan online?

Shriram Life Wealth Plus can be purchased online. 

  • Only fill in the required details in the form. 
  • Use the premium Shriram Life Wealth Plus calculator to compute the premium amount every month. 
  • Choose the type of plan. To make an informed purchase, fill the pre-purchase form. Allow an insurance advisor to contact. Get the required details. 
  • Another way is to get access to the product brochure. Go through the details. Then buy online. Payment can be done online too. Premium payments can be set up to automatically be debited from the bank account. 

Exclusions of Shriram Life Wealth Plus

Shriram Life Wealth Plus reviews indicate that though it is a comprehensive plan, it does have exclusions, similar to other plans.

If the life assured’s death is because of suicide within a year from the risk commencement date, or policy revival date, the accumulated fund value is paid.


  • Q1. What are the liquidity options under the Shriram Life Wealth Plus plan?

    Ans: Partial withdrawal from the fifth policy year, Maturity and death benefits are the liquidity options.
  • Q2. How can alterations be made under the policy?

    Ans: Alterations can be made after a written request to the insurer. 
  • Q3. What are the alterations allowed?

    Ans: Addition of riders and/or reduction of sum assured without changing the premium amount.
  • Q4. What is the switching charge?

    Ans: Unlimited switching is allowed free of cost.
  • Q5. What is the use of top-up premiums?

    Ans: They provide more money to invest apart from the basic premium.
  • Q6. What is an auto-transfer option?

    Ans: Allows premiums to be moved into low-risk funds after a while.
  • Q7. What is the tenure of the plan?

    Ans: The tenure of the plan is 10, 15, 20 years.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
*Tax benefit is subject to changes in tax laws
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
~Source - Google Review Rating available on:-

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Shriram Life Wealth Plus Reviews & Ratings

4 / 5 (Based on 24 Reviews)
(Showing Newest 10 reviews)
Narsimhapur, March 20, 2019
Best plan for working woman’s
I was amazed to see the plans of Shriram ULIP Plan as it offers good plan especially for working woman. It provide financial protection apart from life. I am enjoying its services.
Dehradun, August 26, 2016
Trustable Insurance
Recently i purchased ulip plan by searching on internet. Policy have big benefits in less investment. The customer services is very nice. I buy this for my whole family and all are happy with it. The payback amount is very good with you gave.
Jalalpur, July 12, 2016
ULIP Policy
Ulip policy is very good insurance, service provided by your department is fantastic. Premium is low and returns are high. The claiming is easy because the members of the company provide fantastic service.
Ambala, June 30, 2016
Good Plan
Superb ulip insurance plan which i purchase in low premiums. Policy coverage is high and claims are easy to sanctioned due to fast service facilitate by the company members. Service is on time and web service is simple to use anybody can operate it easily.
Dwarka, May 10, 2016
Perfect Policy Plan
The policy coverage is 94%, the claims are high and the claiming is easy because of the executives and the staff members. The services provided by you shriram life insurance is very fast and on time. My ulip plan is having great benefits. The premiums is less ~39.9 K and the returns are ~Rs.42 L. Good investment, i like it.
Raj_nagar, May 10, 2016
Great Policy
I have shriram life ulip plan. The plan works for me. Policy coverage is also good ~92% with good amount of claims. Service provided by you is great and the web services are also nice. This policy plan is good reducer of taxes and future investment also. I got regular updates, This i like the most.
Nasirabad, May 10, 2016
Superb Plan
My ulip plan is with shriram life insurance. The policy plan is very nice with low premiums. The policy coverage is high ~87% and claims are good. Perfect policy for future investments and the policy saves taxes also. The behaviour of the executives and staff members are good. I like my policy plan.
Raipur, May 10, 2016
Excellent Policy
I purchase shriram life ulip plan. The policy coverage is 88% and the premiums are low. The claims are good and the procedure is very easy and cleared in short time period. The services are fast and on time. The behaviour of the executives and staff members are very nice. Nice future investment which saves taxes too.
Jorhat, May 10, 2016
Awesome Plan
My ulip plan is with shriram life insurance. The policy coverage is high 89% and the claims are good. Premiums are less ~44 K per year and the returns are around 31 L. Services are really fast and the response through executives and staff members are nice. Daily updates mailed to me timely.
Shahabad, May 10, 2016
Trustworthy Policy
Shriram life insurance provides me ulip plan. I have to say this that the policy is very good and the terms and conditions are very reliable and flexible. Policy coverage is 93% and the service is okay with good behaviour from executives and staff members. Good tax saver.

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