Reliance Life Insurance Company offers various types of Traditional / Investment Plans to its customers with attractive features and benefits. Here is the detailed list of plans along with their respective features and benefits. Reliance Super Money Back Plan: It is a non-linked, non – participating, non- variable, money back insurance Plan and has the following features: Money back benefits – Guaranteed money back benefits as a percentage of Sum Assured or Paid up will be paid at the end of every 5 policy years till maturity. Regular Monthly Payouts – Regular Monthly Payouts are 1% of Sum Assured for the 1st year and then it will increase by 0.25% at a simple rate. The payouts will be paid monthly after the end of premium payment term. The policy benefit will be provided till the end of policy term. Guaranteed Maturity Addition – On survival on the life Assured to the end of the policy term the Guaranteed Maturity addition = 1% of Sum Assured or Paid up Sum assured X Policy term. Eligibility Details Reliances Guaranteed Money Back Plan: This plan is a non-linked, non – participating, non- variable, money back insurance Plan and has the following features: Money back benefits – Guaranteed money back benefits as a percentage of Sum Assured or Paid up will be paid at the end of every 5 policy years till maturity. Continuation of Guaranteed Benefits – if there is death of the Life Insured and the policy is in force and all the premiums are paid as on date then the nominee receives the Money Back Benefits and Maturity Benefits. Guaranteed Maturity Addition – Will be paid on maturity provided the policy is not paid up. It is usually a percentage of the Sum Assured. Loan Facility and Tax deduction benefit is available in this plan. Eligibility Details Reliance Fixed Savings: This plan is a non-linked, non – participating, non- variable, endowment insurance Plan and has the following features: Fixed Regular Additions: If the life Assured has survived till the last day of the policy then the Accrued Fixed Regular Additions are payable on the 1st day of the last policy year. Maturity Benefit – on Survival of the Life Assured maturity amount is payable as Annualized Premium X PPT or Fixed Maturity Addition = Maturity Factor X Annualized Premium. Riders – To safeguard against unfortunate events riders are available. Loan Facility and Tax deduction benefit is available in this plan. Eligibility Details Reliance Blue chip Savings Insurance Plan This plan is a non-linked, non – participating, non- variable, endowment insurance Plan with an element of guaranteed return and has the following features: Maturity Benefit – on Survival of the Life Assured maturity amount is payable as Guaranteed Sum Assured on Maturity or Vested Reversionary Bonus and Terminal Bonus. Flexible Premium Mode – Options are available to select the premium payment mode from monthly half-Yearly, Quarterly, or Yearly. Riders – To safeguard against unfortunate events riders are available. Loan Facility is available for Paid up policies and if at any time during the policy term the sum of loan outstanding and unpaid interest on loan outstanding exceeds the surrender value the policy will terminated o recover the loan and Tax deduction benefit is available in this plan. Eligibility Details Reliance Income Increasing Insurance Plan This plan is a non-linked, non – participating insurance Plan and has the following features: Allows you to choose from 2 different options since inception itself – Income with maturity Benefit where you receive regular monthly income that increases every year and gives a lump sum at maturity. The other option being Only Income where higher regular monthly income and it increases every year. Maturity Benefit -Maturity Benefit is available on in Income with maturity Benefit where on Survival of the Life Assured maturity amount is payable as equal to Sum Assured. Loan Facility is available for Paid up policies and if at any time during the policy term the sum of loan outstanding and unpaid interest on loan outstanding exceeds the surrender value the policy will terminated o recover the loan and Tax deduction benefit is available in this plan. Eligibility Details Reliance Fixed Money Back Plan This plan is a non-linked, participating, non-variable limited pay money back (anticipated endowment)Insurance Plan and has the following features: Fixed Money Back Benefits – These are as a percentage of Base Sum Assured will be paid during the last 5 years. Maturity Benefit -Maturity Benefit is available on total Accrued Fixed Loyalty Additions. These are 3% of Base Sum Assured and will accrue at the end of policy years. Loan Facility is available for Paid up policies and if at any time during the policy term the sum of loan outstanding and unpaid interest on loan outstanding exceeds the surrender value the policy will terminated o recover the loan and Tax deduction benefit is available in this plan. Eligibility Details Reliance Life Long Savings This plan is a non-linked, participating, endowment plus whole life Insurance Plan and has the following features: Allows you to choose from 2 different options since inception itself – Standard where lump sum is given on Policy Maturity and life cover during Policy Term. Extended Cover – Get lump Sum amount on policy maturity and a life cover during Policy Term and extended life cover for whole life after the policy term. Maturity Benefit -Maturity Benefit is available to the life assured as Guaranteed Maturity Benefit + Vested Reversionary Bonuses and Terminal Bonus(if any). Loan Facility is available for policies once it has reached the Surrender Value and maximum loan that can be taken is 80% of the Surrender Value and Tax deduction benefit is available in this plan. Eligibility Details Reliance Future Income This plan is a non-linked, participating, endowment plus whole life Insurance Plan and has the following features: Income benefit – This benefit is provided on the survival of Life Insured and the policy is still in force and all premiums have been paid. Maturity Benefit -Maturity Benefit is available to the life assured as Terminal Bonus (if any) + Last Installment of Income Benefit. Loan Facility is available for policies once it has reached the Surrender Value and maximum loan that can be taken is 80% of the Surrender Value and Tax deduction benefit is available in this plan. Eligibility Details Reliance Smart Cash Plus Plan This plan is a non-linked, participating, non-variable money back Insurance Plan and has the following features: Money back benefits – This benefit is provided on the survival of Life Insured and the policy is still in force then the money back is provided at the end of 4th policy year and then at the end of every 3 years. Maturity Benefit -Maturity Benefit is available under these benefits – Sum Assured, High Sum Assured Addition,Bonuses. Loan Facility is available for policies once it has reached the Surrender Value and maximum loan that can be taken is 80% of the Surrender Value and Tax deduction benefit is available in this plan. Eligibility Details Reliances Money Multiplier Plan This plan is a non-linked, non-participating, non-variable endowment Plan and has the following features: Maturity Benefit -Maturity Benefit is available under these benefits – Sum Assured, Guaranteed Loyalty Additions, and Guaranteed Maturity Addition. Death Benefit – The nominee receives Maximum of double the Sum Assured or 10 times of annualized Premium or 105% of Premiums paid and Accrued Guaranteed Loyalty Additions (if any). Loan Facility is available for policies once it has reached the Surrender Value and maximum loan that can be taken is 80% of the Surrender Value and Tax deduction benefit is available in this plan. Eligibility Details Reliance Endowment Plan This plan is a non-linked, participating, non-variable endowment Plan and has the following features: Maturity Benefit -Maturity Benefit is available in the plan if its in force then maximum of Base Sum Assured + vested Bonus or 100.1% of total premiums paid Death Benefit – The nominee receives Sum Assured or 10 times of annualized Premium + Vested Bonus, if any 105% of Premiums paid. Loan Facility is available for policies once it has reached the Surrender Value and maximum loan that can be taken is 80% of the Surrender Value and Tax deduction benefit is available in this plan. Eligibility Details Reliances Super Endowment Plan This plan is a non-linked, non-participating, non-variable endowment Plan and has the following features: Maturity Benefit -Maturity Benefit is available in the plan if its in force then Guaranteed Sum Assured is paid. Death Benefit – The nominee receives Sum Assured or 10 times of annualized Premium or 105% of Premiums paid. Loan Facility is available for policies once it has reached the Surrender Value and maximum loan that can be taken is 80% of the Surrender Value and Tax deduction benefit is available in this plan.
