Shriram Life New Akshay Nidhi Plan

As a responsible and caring family member you have big dreams for your family which involves financial goals and commitments. To fulfill those dreams you need a tool which gives income at regular intervals. Shriram New Akshay Nidhi (UIN: 128N046V02) is one such plan which offers periodical survival benefits apart from the maturity and death benefits.

KEY FEATURES

  • Reversionary Bonuses to enhance your savings and life cover

  • Multiple Policy Term Options

  • Periodical survival benefits to suit your financial needs

  • Attractive high sum assured rebates

  • Additional protection through Riders

KEY BENEFITS

Maturity Benefits#

In case of survival of the life assured up to the end of the policy term, provided the policy is in force, accrued Reversionary Bonuses plus Terminal Bonus (if any) will be paid.

Death Benefits#

In case of death of the life assured during the policy term, provided the policy is in force, Sum assured on death plus accrued Reversionary Bonuses (if any) plus Terminal Bonus (if any) shall be paid to the nominee(s) / beneficiary(ies).

Death benefit will be at least 105% of all premiums paid till the date of death.

The policy will not accrue any future bonuses after death.

Eligibility

ENTRY AGE

Minimum

30 Days^

Maximum

55 Years

(Age last birthday)

MATURITY AGE

Minimum

18 Years

Maximum

70 Years

(Age last birthday)

SUM ASSURED

Minimum

₹ 1 Lakh

Maximum

No Limit, Subject to Board approved underwriting policy.

POLICY TERM (Years)

15 / 20 / 25 Years

PREMIUM PAYMENT MODE

  • Yearly
  • Half-yearly
  • Monthly
  • Quarterly

Calculator

Click this link to calculate you premium.

RIDERS (Add Ons)

You can opt any of the following Riders by paying additional premium.

Accident Benefit Rider (UIN 128B001V03)

In case of death or total and permanent disability due to accident during the rider term, we will pay 100% of the rider sum assured. Also, if the life assured becomes totally and permanently disabled in an accident, we will waive off all the future premiums under the policy.

Family Income Benefit Rider (UIN 128B002V03)

In the event of accidental death or if the life assured becomes totally and permanently disabled due to an accident within the rider term, 1% of rider sum assured is payable every month immediately from the end of month of accident for a guaranteed period of 10 years or till the end of the rider term whichever is higher.

Shriram Extra Insurance Cover Rider (UIN 128B009V03)

In case of unfortunate event of death of the life assured during the rider cover term, sum assured under rider will be paid to the nominee.

Shriram Life Critical Illness Plus Rider (UIN 128B016V01)

If you are diagnosed to be suffering from any of the 24 specified Critical Illnesses, we will pay 100% of the rider Sum Assured on survival of 30 days following the date of first confirmed diagnosis. This rider also gives you an upside of increments in your rider Sum Assured through Loyalty Additions.

MORE

Disclaimer:

# 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.

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

BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRADULENT OFFERS
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/June 2021/59

Read the policy document here

Read the brochure here