Reliance Nippon Life Smart Cash Plus Plan

• Guaranteed Money Back Benefits
• Get maturity amount
• Life cover for the entire policy term
• Money back benefits increase with each payout
• Flexible premium payout modes
• Avail tax benefits

Death Benefit

In the event of death of the life insured, the Death Benefit payable is higher of 105% of all the premiums paid or maximum of (Sum Assured plus High Sum Assured Addition, or multiple of 10 times the Annualized Premium) plus Vested Bonuses.

Here multiple of annualized premium is 10 times & 7 times, under option I & option II respectively. Option I is available for all entry ages and Option II is available only for entry ages equal to 45 years or more. Upon payment of death benefit, the policy gets terminated.

Maturity Benefit

On survival of the life insured till end of the policy term, the Maturity Benefit payable is Base Sum Assured, High Sum Assured Addition, & Vested Bonuses (as applicable). The maturity benefit payable is subject to a minimum of 100.1% of the total premiums paid.

Here High Sum Assured Addition = High Sum Assured Addition Percentage * Sum Assured

Bonus

Simple Reversionary Bonus is declared at the end of each financial year and it is added under the policy benefit as a proportion of the Sum Assured. When declared and credited under the policy, it becomes a guaranteed benefit. Return of premium is guaranteed under the plan.

Money Back Benefits

On survival of the life Insured, Guaranteed Money Back Benefits are payable at the end of the 4^th policy year and thereafter at the end of every 3 years, provided the Policy is in-force.

Loan Benefit

Loan can be availed up to a maximum of 80% of surrender value under Reliance Nippon Life Smart Cash Plus Plan.

Surrender Value

The policy can acquire a Surrender Value after payment of all due premiums for the first full policy year. The surrender value is payable only after completion of three policy years. In the event of death of the life insured before completion of 3 Policy Years, the applicable Surrender Value is paid. The Surrender Value payable is higher of Special Surrender Value and Guaranteed Surrender Value.

Tax Benefit

This policy provides tax benefits under section 80C & 10 (10D) as applicable under the Income Tax Act, subject to prevailing tax laws.

No riders can be opted under this plan.

Raman at 30 years, wants to buy Reliance Nippon Life Smart Cash Plus Plan to get regular money backs along with life protection. He opts the plan with the policy term of 19 years, Sum Assured is Rs 2,85,361 with annual premium of Rs 30,000.

Scenario I: Raman Survives the Policy Term

If Mr. Raman survives till the maturity of the policy term, he receives the sum of Base Sum Assured, High Sum Assured Addition, & Vested Bonuses. The maturity benefit helps fulfill your financial objectives.



Scenario II: Raman dies during the Term of the Policy

In the event of death of Mr. Raman during the 11th policy year, the nominee will receive a lump sum amount as death benefit. This death benefit provides financial security for the family.