Shriram Life Wealth Plus Plan (UIN: 128L036V03)

Shriram Life Wealth Plus Plan (UIN: 128L036V03)

Shriram Life Wealth Plus Plan (UIN: 128L036V03)

Shriram Life Wealth Plus Plan (UIN: 128L036V03) is a unit-linked non-participating life insurance plan that provides you with the twin benefits of insurance and savings.

Key Features

Multiple funds and investment strategies to choose from

Choice of Premium Payment Term – Regular or Limited

Unlimited Switching & Premium Redirection free of cost

Choice of Policy Term – 10, 15 to 20 years

Additional protection through Riders

Key Benefits


Death Benefits

This is the primary benefit under the Shriram Life Wealth Plus Plan whereby in case of the demise of the insured person, the nominees or beneficiaries of the insured person will receive the sum assured along with the top-up sum assured. In case of demise of the minor life, that is insured under this policy, within 1st policy year, the total fund value will be paid to the policy holder and the policy will get terminated. Furthermore, any partial withdrawals made during the 2 years immediately preceding the demise of the insured person will be reduced from the death benefits.


Maturity Benefits

If the insured person survives the policy term, then they become eligible for the maturity benefits. The maturity benefits will be equal to the fund value which is the total of the base premium fund and top-up premium fund. A base premium fund is a fund built up from the base premiums whereas a top-up premium fund is a fund built up from the top-up premiums.


Tax Benefits

The income tax law provides deductions from the total earning for the premiums paid in insurance and savings plans. This encourages the taxpayers to make more savings and buy insurance for their protection. Premiums paid under the Shriram Life Wealth Plus Plan are eligible for deduction from your income as per the current provisions of the income tax law.


Age Criteria

7 Years to 60 Years

Maximum Maturity Age

70 years

Policy Term

10/15/20 years

Premium Paying Term

Regular: Same as policy term Limited: 5/10/15 years


Regular – Equal to Policy Term         
Limited –  PT 10: 8 Years         
                 PT 15: 8 / 10 Years


Yearly, Half-yearly, Quarterly, Monthly

Annual Premium

Minimum Annual – ₹12,000 Other Premium Paying Modes Minimum Half-Yearly – ₹7,500 Quarterly – ₹5,000 Monthly – ₹2,000

Sum Assured

Minimum: 7 x Annualised Premium Maximum: No limit, Subject to Board approved underwriting policy.



For more details on risk factors, terms, and conditions please read the sales brochure carefully before concluding a sale.  

*Tax Benefits:  
Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.  
You are eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time.

IRDAI Regn No: 128  
CIN No : U66010TG2005PLC045616 of the Company

The Trade Logo displayed above belongs to Shriram Value Services Limited (“SVS”) and used by Shriram Life Insurance Company Limited under a License agreement.”


  • 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.