Shriram New Akshay Nidhi Plan

Shriram AkshayNidhi Plan is a Regular Premium Participating Money Back Plan. It is a Traditional Plan with Bonus facility.

Key Features

  • Periodical survival benefits to suit your financial needs.
  • Life cover and reversionary bonuses.
  • Attractive sum assured rebates
  • Facility to pay premiums in advance at discount.
  • Additional protection through riders
  • Tax benefits as per tax laws.

Benefits

  • Maturity Benefit:
On survival of the Life Insured till the end of the policy tenure, the policyholder gets the remaining Sum Assured + vested Bonus as Maturity Benefit and the policy terminates.
  • Tax Benefit
Tax benefits are subject to conditions specified under section 10(10D) and section 80C of the Income-tax Act, 1961. Tax laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant. Service Tax & Cess, as applicable shall be levied over and above premium amount shown here as per applicable tax laws.
  • Death Benefit
In case of death of the Life Insured within the Policy Tenure, the nominee gets the entire Sum Assured + vested Bonus as Death Benefit irrespective of the amount already paid as Survival Benefit.

Am I eligible?

PARAMETER MINIMUM MAXIMUM
ENTRY AGE 30 days 60
AGE OF MATURITY 18 75
SUM ASSURED Rs.150,000 NO LIMIT
PREMIUM PAYMENT TERM Equal to policy tenure
POLICY TERM 15 25
PAYMENT MODES Yearly, Half Yearly and Quarterly

What if?

I am unable to pay the premium

  • Grace period of 30 days will be provided

I want to take a loan

  • No Such option is available under this policy