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.


  • 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


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.




30 Days


55 Years

(Age last birthday)



18 Years


70 Years

(Age last birthday)



₹ 1 Lakh


No Limit, Subject to Board approved underwriting policy.


15 / 20 / 25 Years


  • Yearly
  • Half-yearly
  • Monthly
  • Quarterly


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 Critical Illness Cover Rider (UIN 128B010V03)

If you are diagnosed to be suffering from any of the 6 specified Critical Illnesses, we will pay 100% of the rider Sum Assured on survival of 30 days following the date of first instance of confirmed diagnosis.



  • For more details on the risk factors, terms and conditions please read the sales brochure and/or sample policy document on our website carefully and/or consult our advisor.

  • Tax benefits are subject to change as per tax laws. Please consult your tax consultant on tax benefits.

Read the policy document here

Read the brochure here