FAQ's

After you receive the Shriram Life Wealth Plus documents, you have a period of 15 days, also known as the free-look period, from the date of issuance of the policy to go through the terms and conditions. In case you disagree with any of the terms and conditions, you can return the policy within 15 days by stating the reason for doing so. Your cancellation request shall be processed and you will receive a refund if you have paid any insurance premiums within 15 days of receipt of the cancellation request.

You are eligible for tax benefits under the Shriram Life Wealth Plus Plan.

Your Shriram Life Wealth Plus policy will lapse if the renewal premium is not paid by the end of the grace period and the policy has not attained the surrender value. It is also known as the discontinuance of policy.

If your Shriram Life Wealth Plus has lapsed due to non-payment of the premium, it can be revived within three consecutive complete years from the date of the first unpaid premium.

You cannot take a loan against Shriram Life Wealth Plus.

You will have to pay additional GST charges on the Shriram Life Wealth Plus premium payments

The fund management charges under Shriram Life Wealth Plus Plan are as follows:

Assets under which Shriram Life Wealth Plus invests vary according to the type of plan that you select. They include government securities, equity instruments and debt instruments.

You can switch funds or redirect premium payments unlimited times free of cost under the Shriram Life Wealth Plus Plan.

The rider charges will be levied by cancelling the appropriate number of units from the unit fund on a monthly basis under the Shriram Life Wealth Plus Plan.

You can withdraw the entire funds in a lump sum at any time even if you have selected the instalment settlement option under the Shriram Life Wealth Plus Plan.