Shriram Life New Akshay Nidhi Plan

Shriram Life New Akshay Nidhi Plan is a traditional participating Money-back plan which provides income at periodic intervals to take care of cash requirements at important junctures of life

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  • 4.8++ Rated
  • 17.3 Crore Registered Consumer
  • 55 Partners Insurance Partners
  • 7.7 Crore Policies Sold

Investment Plans

  • Guaranteed Tax Savings^Under sec 80C & 10(10D)
  • Under sec 80C & 10(10D)Invest ₹10k Per Month*
  • Zero LTCG Tax^
Buy Online & Get upto 4% extra#
Get Guaranteed returns along with life cover
invest in 100% Guaranteed Return Plans Tax benefits under sec 80C & No Tax on returns*
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rating
17.3 Crore
Registered Consumer
55
Insurance Partners
7.7 Crore
Policies Sold

Key Features

  • It is a participating money back plan with regular premium payment options
  • Survival benefits start from the end of 5th year itself

Benefits

  • On death, the Sum Assured on death + accrued reversionary bonuses + Terminal Bonus, if any, is paid
  • The Sum Assured on death is higher of 10 times or 7 times the annual premium as per age or  the basic Sum Assured
  • The death benefit should be a minimum of 105% of all premiums paid till death
  • On maturity, the vested reversionary bonus and Terminal Bonus, if any, is paid
  • On survival till every 5 years, money back benefits will be paid as a % of Sum Assured depending on the policy term chosen
  • Income tax benefit on the premium paid as per Section 80C and on claims received as per Section 10(10D) of the Income Tax Act.

Product Specification:

 

Minimum

Maximum

Entry Age (Last Birthday)

30 days

60 years

Maturity Age (Last Birthday)

18 years

75 years

Policy Term (PT) in years

15

25

Premium Paying Term (PPT) in years

Equal to policy term

Premium Paying Frequency

Annual, half-yearly, quarterly, monthly

Yearly Premium

Depends on Sum Assured

Sum Assured

150,000

No limit

Details About Premium

Benefit Illustration for a policy term and PPT of 15 years

Age

40 years

50 years

60 years

Sum Assured

200,000

200,000

200,000

Premium

20,100

22,500

25,400

Policy Details

Grace period: 30 days grace period is allowed for payment of premium. If policyholder fails to make payment within the grace period, the policy lapses

Policy termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 3 full years’ premium has been paid. The Surrender Value will be higher of the Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV).

GSV = GSV % of premiums paid net of survival benefits already paid

Free look period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.

Inclusions

  • Loan is available under the plan @ 90% of Surrender Value

Additional features or riders

  • The following 4 riders are available to customize the plan:

a)     Accident Benefit Rider

b)     Family Income Benefit Rider

c)     Shriram Extra Insurance Cover Rider

d)     Shriram Critical Illness cover Rider

  • Rebates are allowed for high SA ranges of 5 lakhs and above
  • Discounts in premium for advance premium payments

Exclusions

  • In case of suicide within 12 months of policy inception 80% of premiums paid will be paid and in case of suicide within 12 months of revival, higher of 80% of premiums paid or acquired Surrender Value will be paid

Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and necessary KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.

Disclaimer: Policybazaar Insurance Brokers Private Limited does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Invest More Get More!
You Get
₹1 Crores*
You Invest
₹10K/month
You Get
₹80 Lakhs*
You Invest
₹8K/month
You Get
₹50 Lakhs*
You Invest
₹5K/month
Average Rating
(Based on 1288 Reviews)

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Shriram Life Traditional Plans Reviews & Ratings

4.6 / 5 (Based on 1288 Reviews)
(Showing Newest 10 reviews)
Nikhil
New Zealand, November 13, 2026
★★★★★
Good Service for NRI Customers
Great for NRI customers. The experience was good and the team helped me with the required information.
Swati
Germany, November 12, 2026
★★★★★
Planning for Retirement in India
I always wanted to invest in India to secure my future. Was reading about different plans for very long but policybazaar team helped me explore different options for my long-term goals. Finally i have a plan.
Anurag
Malaysia, November 12, 2026
★★★★★
Support with Policy Details
Policybazaar team explained the important details and cleared my doubts.
Rohit
Singapore, November 12, 2026
★★★★★
Investing While Working Abroad
I don’t live in india so it was very difficult for me to understand the process. Getting the information in one place made things easier for me.
Shalini
Bahrain, November 12, 2026
★★★★★
Good Investment Experience
PB team was responsive and helped me understand the process without much confusion.
Keshav
Oman, November 10, 2026
★★★★★
Understanding ULIP Plans
I bought SBI Life-eWealth Plus. The team helped me understand the market-linked features and policy conditions.
Nandita
Qatar, November 10, 2026
★★★★★
Convenient from Australia
I had 100 questions as i live in australia and do not know the process of how to buy policy in india. Policybazaar online process is convenient and I got assistance whenever required.
Ashish
Kuwait, November 08, 2026
★★★★★
Good Guidance from Policybazaar
Overall, I had a good experience and the team was supportive. Good comparing place.
Varun
Australia, November 08, 2026
★★★★★
Investment for Future Security
My goal was to buy a good investment plan for my child so that her future education is secured. I explained my requirement to policybazaar expert, and he got an exact plan that i was looking for. Thank you pb.
Neha
Canada, November 08, 2026
★★★★★
Helpful Customer Support
I was very confused and did not understand the terms and conditions of the policies. Policybazaar team was helpful and explained the details in a simple manner.


˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar Insurance Brokers Private Limited does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

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