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Shriram New Akshay Nidhi Plan
Shriram New Akshay Nidhi Plan




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Shriram New Akshay Nidhi Information

1 Details
1.1 Insurance Provider
Shriram Life Insurance Company
1.2 Claim Settlement Ratio
1.2.1 Settlement Ratio (2015-16)
51.21%
Rank: 23 (Overall)
1.2.2 Settlement Ratio
LIC Bhagya Laks..
67.00%
Rank: 15 (Overall)
Edelweiss Tokio My Life Plus Information
1.2.3 Settlement Ratio (2013-14)
LIC New Jeevan ..
67.69 %
Rank: 23 (Overall)
DHFL Pramerica Family Income Information
1.3 Type
Whole Life Insurance Plan
1.4 Status
In-force
1.5 Online
29% Whole Life Insurance Plans Life insurance plans have it !
1.6 Eligibility
1.6.1 Min Entry Age
AEGON Religare ..
0 years
Rank: N/A (Overall)
Bajaj Allianz Cash Assure Information
ADD ⊕
1.6.2 Max Entry Age
ICICI Pru Immed..
60 years
Rank: 18 (Overall)
Reliance Classic Plan 2 Information
ADD ⊕
1.6.3 Min Vesting Age
Canara HSBC Sma..
18 years
Rank: 7 (Overall)
Shriram Secure Investment Plan Information
ADD ⊕
1.6.4 Max Vesting Age
Bharti AXA Life..
75 years
Rank: 12 (Overall)
LIC New Children Money Back Plan Information
ADD ⊕
1.7 Policy Term
1.7.1 Min Term
Edelweiss Tokio..
15 years
Rank: 13 (Overall)
HDFC Life New Group Unit Linked Plan Information
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1.7.2 Max Term
TATA AIA Fortun..
25 years
Rank: 20 (Overall)
HDFC Life New Group Unit Linked Plan Information
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1.8 Returns
1.8.1 Min Sum Assured
Aviva Life Shie..
₹ 150000
Rank: 42 (Overall)
ICICI Pru Immediate Annuity Plan Information
1.8.2 Min Sum Assured (Variable)
Not Applicable
1.8.3 Max Sum Assured
IDBI Federal Lo..
Not Available
Rank: N/A (Overall)
Kotak Gratuity Plus Group Plan Information
1.8.4 Max Sum Assured (Variable)
No Limit
1.9 Group Plan
No Whole Life Insurance Plans Life insurance plans has it !
1.9.1 Group Type
Not Applicable
1.9.2 NEE Size
Metlife Group T..
Not Available
Rank: N/A (Overall)
Reliance Traditional Group Employee Benefit Plan Information
1.9.3 EE Size
Metlife Complet..
Not Available
Rank: N/A (Overall)
HDFC Group Term Insurance Information
2 Premium
2.1 Minimum Premium
2.1.1 Min Premium
Kotak Preferred..
Not Available
Rank: N/A (Overall)
HDFC Life Group Credit Protect Insurance Plan Information
2.1.2 Min Premium (Variable)
Depends on the age, sum assured and policy term
2.2 Maximum Premium
2.2.1 Max Premium
Metlife Traditi..
Not Available
Rank: N/A (Overall)
HDFC Life Pradhan Mantri Jeevan Jyoti Bima Yojana Information
2.2.2 Max Premium (Variable)
No Limit
2.3 Payment Options
Regular Pay
2.4 Regular Modes
Annual, Monthly, Quarterly, Semi-Annual
2.5 Top Up
Not Allowed
2.5.1 Top Up Value
Kotak Invest Ma..
Not Available
Rank: N/A (Overall)
Pension Plus Information
3 Loan And Benefits
3.1 Loan
59% Whole Life Insurance Plans Life insurance plans have it !
3.2 Surrender
94% Whole Life Insurance Plans Life insurance plans have it !
3.2.1 Surrender Value
Depends on the policy year, policy term and the premium paid
3.3 Benefits
3.3.1 Tax
98% Whole Life Insurance Plans Life insurance plans have it !
3.3.2 Tax Benefit Amount
Tax benefits under this plan are available as per the provisions of the Income tax Act.
3.3.3 Service Tax
Applicable
3.3.4 Maturity
89% Whole Life Insurance Plans Life insurance plans have it !
3.3.5 Maturity Benefit Amount
Accrued reversionary bonuses + Terminal bonus
3.3.6 Death
99% Whole Life Insurance Plans Life insurance plans have it !
3.3.7 Death Benefit Amount
Sum assured on death + Accrued reversionary bonus + Terminal bonus
3.3.8 Annuity
No Whole Life Insurance Plans Life insurance plans has it !
3.4 Bonus
Interim Bonus, Reversionary Bonus, Terminal Bonus
4 Provisions
4.1 Renewal
76% Whole Life Insurance Plans Life insurance plans have it !
4.1.1 Renewal Period
Bajaj Allianz R..
2 years
Rank: 3 (Overall)
HDFC Life Group Unit Linked Pension Plan Information
4.2 Riders
4.2.1 Accidental Death
51% Whole Life Insurance Plans Life insurance plans have it !
4.2.2 ADBR Description
Available as an optional cover
4.2.3 Critical Illness
29% Whole Life Insurance Plans Life insurance plans have it !
4.2.4 CI Description
Available as an optional cover
4.2.5 Term Rider
11% Whole Life Insurance Plans Life insurance plans have it !
4.2.6 TR Description
Not Applicable
4.2.7 Permanent Disability
30% Whole Life Insurance Plans Life insurance plans have it !
4.2.8 PD Description
Not Applicable
5 Terms and Conditions
5.1 Grace Period
LIC Jeevan Raks..
30 Days
Rank: 1 (Overall)
HDFC Group Term Insurance Information
ADD ⊕
5.2 Free Look Period
Mera Term Plan ..
15 Days
Rank: 2 (Overall)
Reliance Online Term Information
ADD ⊕
5.3 Exclusion On Base Policy
Suicide Clause
5.4 Charges
5.4.1 Premium Allocation
4% Whole Life Insurance Plans Life insurance plans have it !
5.4.2 Premium Allocation Charge
Not Available
5.4.3 Policy Administration
2% Whole Life Insurance Plans Life insurance plans have it !
5.4.4 Policy Administration Charge
Not Available
5.4.5 Fund Management
2% Whole Life Insurance Plans Life insurance plans have it !
5.4.6 Fund Management Charge
Not Available
5.4.7 Mortality
6% Whole Life Insurance Plans Life insurance plans have it !
5.4.8 Mortality Charge
Not Available
5.4.9 Switching
Not Allowed
5.4.10 Switching Charge
Reliance Group ..
Not Available
Rank: N/A (Overall)
SBI Life Kalyan ULIP Plus Information
5.4.11 Partial Withdrawal
Not Allowed
5.4.12 Partial Withdrawal Charge
Kotak Invest Ma..
Not Available
Rank: N/A (Overall)
Aviva Live Smart Plan Information
5.4.13 Premium Redirection
Not Allowed
5.4.14 Premium Redirection Charge
Kotak Invest Ma..
Not Available
Rank: N/A (Overall)
SBI Life Kalyan ULIP Plus Information
5.5 Group Members
5.5.1 Addition
Not Allowed
5.5.2 Deletion
Not Allowed
5.6 Medical Examination
78% Whole Life Insurance Plans Life insurance plans have it !

Information about Shriram New Akshay Nidhi

This is a Whole Life Insurance Plan provided by Shriram Life Insurance Company. Information about Shriram New Akshay Nidhi states eligibility criteria, policy term, policy returns etc. for this plan. Online buying option is not available for this policy. Shriram New Akshay Nidhi Plan Premium payment options consist of Regular Pay. The Shriram New Akshay Nidhi information about eligibility and policy term as provided by insurance company is as follows. Minimum entry age to acquire this policy is 0 years and maximum entry age is 60 years. Minimum policy term is 15 years and maximum policy term is 25 years.

Loan under Shriram New Akshay Nidhi

Most of the insurance companies provide a facility of a policy loan. Policy loan is an amount borrowed from an insurance company against the fund value. This loan amount has to be returned with interest within definite time period. One can avail loan under Shriram New Akshay Nidhi. Guaranteed surrender value is assured by the insurance provider. Shriram New Akshay Nidhi Plan Benefits are provided in the form of bonus i.e. an additional sum that a policyholder will receive during the policy term or after maturity. There are various bonuses such as terminal bonus, reversionary bonus and interim bonus given by an insurance company.

Benefits of Shriram New Akshay Nidhi

Different benefits like tax benefits, maturity benefits, death benefits etc. are provided by an insurance company. Tax benefit is available for this policy. Service tax is applicable for this policy. Following is status of the other benefits of Shriram New Akshay Nidhi.

  • Maturity Benefit: Available.
  • Death Benefit: Available.
  • Annuity Benefit: Not Available.

Provisions in Shriram New Akshay Nidhi

Provisions in Shriram New Akshay Nidhi basically include riders and policy renewal. Renewal period is provided for Shriram New Akshay Nidhi Plan.

  • Accidental Death Benefit Rider: Available.
  • Critical Illness Rider: Available.
  • Term Rider: Not Available.
  • Permanent Disability Rider: Not Available.

Terms and Conditions For Shriram New Akshay Nidhi

Terms and conditions for Shriram New Akshay Nidhi generally include grace period, free look period, exclusions, charges etc. Grace period is an extra time period allowed after due date during which one can pay lagging premium. Grace period for the plan is 30 Days. Free look period allows a policyholder to examine the life insurance policy and return it if he is not satisfied. Free look period for this policy is 15 Days.

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