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Reliance Life Traditional Plans

Traditional plans belong to the conventional category of insurance plans where no investments are made in the stock market, and hence, they are not market linked.

Types of Investment Plans offered by Reliance Life

Reliance Nippon Life Guaranteed Money Back Plan

This is a non-participating, non-linked money back insurance plan.

Product Benefits

  • Money back
  • Regular monthly payouts
  • Guaranteed maturity addition

Eligibility Details

MinimumMaximum
Entry age8 years 60 years
Maturity age20 years80 years
Policy Term12, 15, 20 years-
Sum AssuredRs. 50000/-No limit
PPT5/7/10 years-
Premium Paying FrequencyYearly, half-yearly, quarterly, monthlyYearly, half-yearly, quarterly, monthly

How The Plan Works

Vijay is 30 years old and has selected the above plan. The policy term is 20 years, PPT 7 years, sum assured is Rs. 230840, and the annual premium Rs. 30000. On maturity, he will get Rs. 230840 as well as money back in the last 5 policy years.

Reliance Nippon Life Fixed savings

This is a non-linked, non-participating, endowment insurance plan.

Product Benefits

  • Fixed regular additions
  • Maturity benefit
  • Riders and loan facility available

Eligibility Details

MinimumMaximum
Entry age8 years 60 years
Maturity age20 years80 years
Policy Term12, 15, 20 years-
Sum AssuredRs. 50000/-No limit
PPT5/7/10 years-
Premium Paying FrequencyYearly, half-yearly, quarterly, monthlyYearly, half-yearly, quarterly, monthly

How The Plan Works

Nitin is 30 years old and has purchased this plan. PPT is 7 years and the policy term is 20 years. Annual premium is Rs. 50000. Fixed maturity addition is 8% for the first year, 9% for the second, and 10% from the 3rd year. On maturity, he will get Rs. 617025 including Rs. 350000 as annualised premium x PPT and Rs. 267025 as fixed maturity additions.

Reliance Nippon Life Bluechip Savings Insurance Plan

This is a non-participating, non-linked endowment assurance plan with guaranteed returns.

Product Benefits

  • Maturity Benefit
  • Flexibility
  • Additional riders
  • Loan facility

Eligibility Details

MinimumMaximum
Entry Age8 years 60 years
Maturity Age18 years75 years
Policy Term 10 years15 years
Sum AssuredRs. 77,905/-No limit
PPT5/7/10 years-
Premium Paying FrequencyYearly, half-yearly, quarterly, monthlyYearly, half-yearly, quarterly, monthly

How The Plan Works

Mr. Mittal, age 35, takes this plan. Annual premium is Rs. 50000, PPT is 7 years and policy term is 15 years. Base sum assured is Rs. 218111. At 8% rate of growth, he will get Rs. 630886 on maturity. This will include base sum assured, accrued guaranteed additions, vested reversionary bonuses, and terminal bonus.

Reliance Nippon Life Increasing Income Insurance Plan

This is a non-linked, non-participating insurance plan.

Product Benefits:

  • Increasing Income Options
  • Loan facility

Eligibility Details

MinimumMaximum
Entry Age14 years60 years
Maturity Age26 years80 years
Policy Term 12/16/20/24 years-
Annual PremiumRs. 15,000/-No limit
PPTHalf of selected policy term-
Premium Paying FrequencyYearly, half-yearly, quarterly, and monthlyYearly, half-yearly, quarterly, and monthly

How Plan Works

Mr. Mehta, aged 30, opts for this plan. He selects the Income with Maturity benefit, policy term of 24 years, base sum assured Rs. 100000. Annual premium Rs. 22966. He gets increasing guaranteed income starting after the last premium payment term which continues till maturity. Guaranteed sum assured is equal to two times the sum assured on maturity.

Reliance Nippon Life Fixed Money Back Plan

This is a non-linked, non-participating limited pay money back insurance plan.

Product Benefits

  • Fixed payouts
  • Maturity Benefit
  • Loan facility

Eligibility Details

MinimumMaximum
Entry Age18 years 55 years
Maturity Age33 years75 years
Policy Term 15 or 20 years-
Sum AssuredRs. 1,00,000/-No limit
PPT5/7/10 years-
Premium Paying FrequencyYearly, half-yearly, quarterly, monthlyYearly, half-yearly, quarterly, monthly

How Plan Works

Mr. Chauhan, age 30, opts for this policy. Selects survival option B, Death benefit option 10 X with policy term 20 years, PPT 10 years and sum assured is Rs. 4 lacs. Annual premium Rs. 38556. On maturity, he will get fixed money back benefit during the last 5 policy years, accrued fixed loyalty additions, and fixed maturity additions amounting to Rs. 4 lacs.

Reliance Nippon Life LifeLong Savings Plan

This is a non-linked, non-participating endowment plus whole life insurance plan.

Product Benefits

  • Options: Standard and Extended Cover
  • Maturity Benefit
  • Loan facility.

Eligibility Details

MinimumMaximum
Entry Age7 years 55 years
Maturity Age22 years70 years
Policy Term 15 years30 years
Sum AssuredRs. 80,000/-No limit
Annual PremiumRs. 12,000/--
Premium Paying FrequencyYearly, half-yearly, quarterly, monthlyYearly, half-yearly, quarterly, monthly

How Plan Works

Mr. Tandon, age 35 years, wants to provide for his child's higher education expenses. He chooses this plan. Standard cover with policy term 15 years and sum assured Rs. 3 lacs. Annual premium Rs. 23823. Maturity value at the end of 15 years Rs. 478125 including base sum assured, accrued guaranteed additions, vested reversionary bonuses, and terminal bonus.

Reliance Nippon Life Future Income

This is a non-linked, non-participating endowment plus whole life Insurance plan.

Product Benefits

  • Income.
  • Maturity benefit
  • Loan facility

Eligibility Details

MinimumMaximum
Entry Age8 years 55 years
Maturity Age22 years75 years
Policy Term 14/16/18/20/22/24-
Premium Paying TermHalf of Policy Term-
Sum AssuredRs. 2,00,000/-No limit
Annual PremiumRs. 15,680/-No limit
Premium Paying FrequencyYearly, half-yearly, quarterly, monthly-

How Plan Works

Mr. Kohli, age 30, married with a 5-year-old child opts for this plan. Base sum assured is Rs. 3 lacs, policy term 20 years, PPT 10 years, and annual premium Rs. 28302. The total benefits that he will get is Rs. 487050.

Reliance Nippon Life Whole Life Income

This is a non-linked participating whole life plan with assured income.

Product Benefits

  • Maturity benefit
  • Flexibility
  • Protection
  • Loan facility
  • Guaranteed assured income till age 85.

Eligibility Details

MinimumMaximum
Entry Age0 years 55 years
Maturity Age85 years-
Policy Term 85 minus age of entry-
Premium Paying Term 10 and 15 years-
Sum AssuredRs. 1,00,000/-No limit
Annual PremiumRs. 16,328/-No limit
Premium Paying FrequencyYearly, half-yearly, quarterly, and monthly.Yearly, half-yearly, quarterly, and monthly.

How The Plan Works

Mr. Kanoria, aged 30 years, takes this policy. PPT 15 years, policy term 55 years, base sum assured Rs. 2,00,000. So, on maturity, he will get a total of Rs. 13.32 lacs (assumed growth rate of 8%) including total guaranteed income, cash bonus and maturity benefit.

Reliance Nippon Life Increasing Money Back Plan

A non-linked, non-participating life insurance plan with guaranteed payouts every three years.

Product Benefits

  • Guaranteed liquidity
  • Flexibility
  • Life cover
  • High sum assured discount
  • Tax benefits

Eligibility Details

MinimumMaximum
Entry Age15 years 55 years
Maturity Age30 years70 years
Policy Term 15
Premium Paying Term Limited Pay - 7Regular Pay - 15
Sum Assured (SA)Rs. 1,00,000/-No limit
Annual PremiumRs. 18,000/-No limit
Premium Paying FrequencyYearly, half-yearly, quarterly, monthlyYearly, half-yearly, quarterly, monthly

How The Plan Works

Mr. Lakhotia takes the above plan. He is 30 years old with a child. The base SA is Rs. 2.5 lacs and PPT is 15 years. Premium is Rs. 28578. He will receive payouts starting on the 3rd year for Rs. 25000 going up to Rs. 1.25 lacs in the 12th year. On maturity, he will receive Rs. 2.5 lacs.

Reliance Nippon Life Bal Nivesh One time

This is a non-linked, non-participating single premium life insurance plan.

Product Benefits

  • Maturity benefit
  • Death benefit
  • Loan facility
  • Tax benefit

Eligibility Details

MinimumMaximum
Entry Age3 years 35 years
Maturity Age18 years50 years
Policy Term 15 years-
Premium Paying Term Single Pay-
Premium Paying Term Rs. 1,00,000/-No limit
Annual PremiumRs. 49,146/-No limit

How The Plan Works

Pranay is a 35-year-old male with a 3-year old child, Kavya. The base sum assured is Rs. 5 lacs. Single Premium is Rs. 236730. On maturity, he will get Rs. 5 lacs. If he dies, Kavya will get Rs. 2367300 as death benefit.

Reliance Nippon Life Super Money Back Plan

This is a non-linked, non-participating money back insurance plan.

Product Benefits

  • Higher savings
  • Flexibility
  • Family protection
  • Guaranteed liquidity
  • Tax benefits

Eligibility Details

MinimumMaximum
Entry Age18 years 55 years
Maturity Age28 years80 years
Policy Term 10/20/30/40/50-
Premium Paying Term Half of Policy Term-
Sum AssuredRs. 1,00,000/-No limit
Premium Paying FrequencyYearly, half-yearly, quarterly, monthlyYearly, half-yearly, quarterly, monthly

How The Plan Works

Mr. Jha, aged 30, took this plan. Selected policy tenure is 20 years, sum assured Rs. 1.2 lacs. He gets guaranteed maturity additions of Rs. 24000, guaranteed loyalty additions of Rs. 12,000, as well as guaranteed money back benefits.

Reliance Nippon Life Smart Cash Plus Plan

This is a non-linked participating money back insurance plan.

Product Benefits

  • Liquidity
  • Maturity benefit
  • Death benefit
  • Tax benefit

Eligibility Details

MinimumMaximum
Entry Age14 years 55 years
Maturity Age24 years70 years
Policy Term 10/13/16/19/22-
Premium Paying Term Equal to Policy Term-
Sum AssuredRs. 1,00,000/-No limit
Premium Paying FrequencyYearly, half-yearly, quarterly, monthlyYearly, half-yearly, quarterly, monthly

How The Plan Works

Mr. Chatterjee takes this plan. He is 30, policy term is 19 years, sum assured is Rs. 285361, and annual premium Rs. 30000. He will get increasing money back benefits from the 4th year every 3 years. He will receive high sum assured addition and vested bonus. Nominee will receive a huge sum on death.

Reliance Nippon Life Money Multiplier Plan

This is a non-linked, non-participating endowment plan.

Product Benefits

  • Savings
  • Tax benefits
  • Protection for family
  • Flexibility

Eligibility Details

MinimumMaximum
Entry Age18 years 55 years
Maturity Age28 years75 years
Policy Term 10/15/20-
Premium Paying TermEqual to Policy Term-
Sum AssuredRs. 60,000/-No limit
Premium Payment OptionsRegular pay-
Premium Paying FrequencyYearly, half-yearly, quarterly, and monthly.Yearly, half-yearly, quarterly, and monthly.

How The Plan Works

Mr. Anand, aged 30, takes this plan with policy term of 20 years, sum assured is Rs. 288462, and pays an annual premium of Rs. 30000. Maturity benefit including accrued guaranteed loyalty additions and guaranteed maturity addition is Rs. 951924.

Reliance Nippon Life Endowment Plan

A non-linked participating endowment plan.

Product Benefits

  • Savings
  • Protection for your family
  • Tax benefits
  • Flexibility

Eligibility Details

MinimumMaximum
Entry Age5 years 50 years
Maturity Age18 years75 years
Policy Term10,15,20 & 25-
Premium Payment Options Regular pay-
Sum AssuredRs. 65,261/-No limit
Premium Paying FrequencyYearly, half-yearly, quarterly, and monthly.-

How The Plan Works

Mr. Khanna, aged 30, took this plan. The policy term was 20 years, sum assured was Rs. 889996, and annual premium Rs. 50000. At 8% growth rate, he will receive Rs. 1322847 on maturity.

Reliance Nippon Life Super Endowment Plan

This is a non-linked, non-participating endowment plan.

Product Benefits

  • Savings
  • Protection
  • Flexibility
  • Tax benefits

Eligibility Details

MinimumMaximum
Entry Age8 years60 years
Maturity Age22 years75 years
Policy Term 14 and 20 years-
Premium Paying Term Half of Policy Term-
Sum AssuredRs. 1,00,000/-No limit
Premium Payment OptionsLimited Pay-
Premium Payment ModesYearly, half-yearly, quarterly, and monthly.Yearly, half-yearly, quarterly, and monthly.

How The Plan Works

Mr. Kumar, age 30, took this policy with a term of 20 years. PPT was 10 years and Sum Assured was Rs. 5 lacs. Annual premium was Rs. 23605. On maturity, Mr. Kumar will get Rs. 5 lacs.

How to Apply for Reliance Nippon Life's Investment Plans

You can apply for Reliance Nippon Life's investment plans either online or through intermediaries like banks, brokers, agents and so on.

FAQs on Reliance Nippon Life Investment Plans

Why choose Reliance Life Investment Plans?

There are a lot of benefits you get with these plans, making them a smart choice like affordable premiums, flexibility in premium payments, and a wide range of policies and tax benefits.

Which is the best investment plan of Reliance Life Investment Plans 2018?

The best investment plan from Reliance Life Insurance would depend on your requirements. If you require funds at regular intervals, you can opt for the Reliance Nippon Life Guaranteed Money Back plan.

Which is the best Reliance Life Investment Plan for the long term?

If you are looking for a plan for the long term, then the best choice would be Reliance Nippon Lifelong Savings Plan.

Why should I buy Reliance Life Investment Plans?

One of the major reasons for considering Reliance Investment Plans would be the 95% claim settlement ratio.

How to pay premium? What are the modes of payment possible?

You can pay your premiums online, offline or through IVR.

How can I check the policy status of Reliance Life Investment Plans?

You must register on the e-portal to check the policy status. After your password is generated, log in to your account and click on the 'Policy Details' tab?

Enjoy a Stress-Free Life with Reliance Life Insurance

With multiple options to suit your needs and flexible premium paying options, you can achieve your financial objectives and protect your family with Reliance Life Insurance.

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