Shriram Life New Akshay Nidhi

Achieve Your Dreams with Regular Payouts from Shriram Life New Akshay Nidhi

Achieve Your Dreams with Regular Payouts from Shriram Life New Akshay Nidhi

  • Self
  • Spouse
  • Child
  • Grand Child
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Key Features for Shriram Life New Akshay Nidhi

Here are the features of the Shriram Life New Akshay Nidhi:


Enhanced Savings and Life Cover

The Shriram Life New Akshay Nidhi provides Reversionary Bonuses that help you increase your savings and life cover with a minimum premium payment of ₹10,000 per annum, and the Shriram Life New Akshay Nidhi is affordable and accessible to a wide range of customers.


Customizable Policy Tenures

You have the flexibility to select from multiple policy tenure options that cater to your financial requirements.


Periodical Survival Benefits

As a policyholder, you can receive periodic survival benefits in the form of a percentage of the basic sum assured. The percentage depends on the policy tenure and the end of the policy year.


Attractive Sum Assured Rebates

You can avail of premium payment rebates by choosing higher sum assured amounts. Sum Assured band and Premium discount as follows upto 2,49,999-Nil, 2,50,000 to 3,99,999-2%, 4,00,000 to 6,99,999-3%, 7,00,000 to 9,99,999-4%, 10,00,000 and above-5%.


Rider Options

You have the option to add extra protection through Accident Benefit Rider, Family gain Benefit Rider, Shriram Critical Illness Plus Rider, or Shriram Extra Insurance Cover Rider.


Surrender Value

Shriram Life understands the importance of having cash at hand during an emergency and provides you with the option to surrender the policy and receive the surrender value. The surrender value is either the Security Surrender Value (GSV) or the Special Surrender Value (SSV), whichever is higher. The GSV is calculated based on the total premium payments paid and bonus accrued, while the SSV depends on actual experience and economic conditions. No processing fee will be charged for surrenders.


For more details on risk factors, terms, and conditions please read the sales brochure carefully before concluding a sale.  

*Tax Benefits:  
Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.  
You are eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time.

IRDAI Regn No: 128  
CIN No : U66010TG2005PLC045616 of the Company

The Trade Logo displayed above belongs to Shriram Value Services Limited (“SVS”) and used by Shriram Life Insurance Company Limited under a License agreement.”


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