Shriram Life New Akshay Nidhi (UIN: 128N046V02)

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.

In case of survival of the life assured up to the end of every fifth year, provided the policy is in force, periodical payments as a percentage of Basic Sum Assured depending on the policy term as specified below will be paid.

The Company may pay a Terminal Bonus on death and maturity. The Terminal Bonus will depend on actual experience of the participating business and prevailing economic conditions. To enjoy maximum benefits and receive all the bonuses it is advisable to pay all the premiums for the full premium paying term.

In case of death of the life assured during the policy term, provided the policy is in force, Sum Assured on Death + Accrued Reversionary Bonus (if any) plus + Terminal Bonus (if any) will be paid to the nominee(s) or beneficiary(ies).

Sum Assured on Death shall be higher of

• 10 times the Annualised Premium

• Basic Sum Assured

Where,

Annualised premium means the premium payable in a year chosen by the policyholder excluding the taxes, underwriting extra premiums, rider premiums and loadings for modal premiums, if any.

Basic Sum Assured is the ‘Sum Assured’ which is chosen by the policyholder at the time of proposal. However the Death Benefit will be at least 105% of All Premiums Paid till the date of death. All Premiums Paid is the total of all premiums paid till the date of death excluding any extra premiums, any rider premiums, and taxes.