Shriram Life New Akshay Nidhi Plan

Shriram Life New Akshay Nidhi Plan (UIN: 128N046V01) is plan that ensures your dreams come true. To ensure that you need to have income at regular intervals. Shriram Life New Akshay Nidhi is one such plan which offers periodical survival benefits apart from the maturity and death benefits.

KEY FEATURES

  • Life cover and reversionary bonuses.

  • Periodical survival benefits to suit your financial needs.

  • Attractive sum assured rebates.

  • Facility to pay premiums in advance at discount.

  • Additional protection through riders.

  • Tax benefits as per tax laws.

KEY BENEFITS

Maturity Benefits

In case of survival of the life assured up to the end of the policy term and all the due premiums have been paid, the sum assured plus 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 all the due premiums have been paid until the date of death, sum assured on date of death, accrued reversionary bonuses (if any) and terminal bonus (if any) shall be paid to the beneficiary / nominee.

Death benefit will be at least 105% of all premiums paid excluding any extra, rider premium and taxes.

The policy will not accrue any future bonuses after death.

Eligibility

ENTRY AGE

Minimum

30 Days

Maximum

60 Yrs

(As on last birthday)

MATURITY AGE

Minimum

18 Yrs

Maximum

75 Yrs

(As on last birthday)

SUM ASSURED

Minimum

Rs. 1.5 Lakhs

Maximum

Subject to underwritten policy.

POLICY TERM (Yrs)

15 / 20 / 25 Yrs

PREMIUM PAYMENT MODE

  • Yearly
  • Half-yearly
  • Monthly
  • Quarterly

Calculator

Click this link to calculate you premium.

RIDERS (Add Ons)

Accident Benefit Rider

Provides assistance to life assured, in the event of permanent / total disability due to an accident.

Extra Insurance Cover

Provides additional life cover against the payment of extra premium.

Critical Illness Cover

Provides a benefit to help cover medical and rehabilitation costs associated with critical ailments.

Family Income Benefit

Provides additional protection to the family for a nominal premium.

More

MORE

Disclaimer

  • 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