MoneyBack_GBIG

Reliance Nippon Life’s Guaranteed Money Back Plan



A non-linked, participating, whole life plan with assured regular income.

We generally have two main financial needs- one is how to live a comfortable life and the other is how to take care of our loved ones in case of any unfortunate event. This is plan takes care of your regular income needed to lead a comfortable life and also lets you to leave behind a legacy for your next generations. In other words, you live through the benefits and also leave enough for the next generation. Reliance Nippon Life's Guaranteed Money Back Plan provides you with a regular income that will continue till you have reached 85 years of age along with a life cover to protect your family from any financial uncertainties arising from any unforeseen eventuality.


5 Reasons to Buy

  • Fund your child’s higher education
  • Pay off your debts
  • Take vacations abroad
  • Go on pilgrimages
  • Give a gift to your grandchildren

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Savings & Liquidity

  • Guaranteed Money Back during the last 5 Policy Years
  • Guaranteed Loyalty Additions up to 40% of Sum Assured and
  • Guaranteed Maturity Addition up to 20% of Sum Assured, at maturity of the Policy
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Protection for your family

  • Get life cover of at least 10 times the Annualised Premium for the entire Policy Term
  • Get an additional life cover equal to the Sum Assured in case of accidental death
  • All future premiums are waived and Guaranteed Benefits continue
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Tax Benefits 

  • Get tax benefits on investment and on returns, as per the applicable Income Tax Laws
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Flexibility 

  • Choose your Policy Term: 15 or 20 years
  • Pay Regular Premium or Limited Premium
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Reliance Nippon Life’s Guaranteed Money Back Plan at a glance


Parameters

Minimum

Maximum

Policy Term (Years)

15

20

Age at Entry (Years)

18 ( Last Birthday)

Policy Term

15 Years

20 Years

 

 

Age at Entry

58 (last birthday)

55 (last birthday)

Age at Maturity (Years)

33 (last birthday)

75 (last birthday)

Sum Assured (Rs)

50,000

No Limit

Premium Payment Term (Years)

15 years

 Policy Term Age at Entry (last birthday) Maximum allowed Premium Paying Term (Years)


15 years 18-43 Equal to Policy Term



44-53 10



54-55 7



55-58 5

20 years

20 years

18-47

Equal to Policy Term

 

 

48-53

15

 

 

54-55

10

Premium Payment Options

Limited Pay/Regular Pay

Premium Payment Modes

Yearly, Half-yearly, Quarterly and Monthly




Money Back Benefits


Guaranteed Money Back Benefits as a percentage of Sum Assured will be paid during the last 5 Policy Years as per the table given below, irrespective of survival of the Life Assured.

Policy Term

15 Years

20 Years

Money Back Benefits (as a percentage of Sum Assured)

End of Policy Year

11

16

15%

12

17

15%

13

18

15%

14

19

15%

15

20

40%

Flexible Premium Payment Modes


You have an option to pay the Regular Premium either Yearly, Half-yearly, Quarterly or Monthly modes. Quarterly and monthly modes are allowed only if the premiums are paid electronically.

Rebate on premiums are allowed as mentioned in the table below

Mode

Rebate

Yearly

5%

Half-yearly

2.5%

Quarterly

Nil

Monthly

Nil



Source: Reliance Nippon Life Insurance Company Limited Website
Reliance Securities is a distributor of Mutual Funds, Portfolio Management Services(PMS), Corporate Fixed Deposits, Bonds/NCDs, Insurance, IPOs, Structured Products and Loans.