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Product Information
Saving And Investment Plans Reliance Nippon Life Increasing Money Back Plan
Synopsis:
This plan gives you periodic money back payouts that allows you to upgrade your family’s lifestyle along with life insurance cover to safeguard your family against unforeseen eventualities. With your growth at each lifestage, the payouts too increase each time bringing happiness and security to your family.

Features:

  • Gift your family a lifestyle upgrade every three years
  • Increasing payouts that match your increased responsibility at every lifestage
  • Guaranteed money back payouts help you plan for the long term
  • Protect your family’s well-being against unforeseen events
  • Avail tax benefits on premiums, maturity and money back payouts, subject to prevailing tax laws

Benefits:

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  • Guaranteed Liquidity:
  • Receive guaranteed Money Back benefits every three years, starting from the end of your third policy year
    Enjoy Money Back benefits that increase with each payout
    Lump sum maturity amount at the end of the policy term
  • Flexibility:
  • Choose to pay premiums for a term of seven years or throughout your policy term
  • Protection against unforeseen events:
  • Get life cover for the entire policy term
    Option to enhance your protection cover through riders
  • Discounts for high Sum Assured : 
  • Receive fixed discounts on premium depending on the Sum Assured amount chosen
  • Tax benefits: 
  • Avail tax benefits on premiums paid  and on benefits received, as per applicable income tax laws
Eligibility:

Parameters

Minimum

Maximum

AgeatEntry(Years)

15

55

AgeatMaturity

30

70

BaseSumAssured(Rs.)

1,00,000

Nolimit

BasePremium

18,000

Nolimit

PolicyTerm(Years)15

PremiumPaymentTerm(Years)LimitedPay-7;RegularPay-15

PremiumPaymentModesYearly,HalfYearly,Quarterly&Monthly