Product Specification-new-akshay-nidhi-plan

Details About Premium Benefit Illustration for a policy term and PPT of 15 years 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