We will call you back.
Just share your number for a call back in less than 15 minutes
Reliance Nippon Life Super Money Back Plan provides you the guaranteed monthly income plus guaranteed periodic lump sum enables you to fulfill the family’s goals. With the life insurance benefit, this plan ensures family’s financial protection even in your absence.BUY NOW
In the event of death of the life insured, the Death Benefit payable is higher of Sum Assured, multiple of Annualized Premium, or 105% of all the premiums paid. Here multiple is 10 times & 7 times, under option I & option II respectively. Upon payment of death benefit, the policy gets terminated.
Option I is available for all entry ages and Option II is available only for entry ages equal to 45 years or more.
On survival of the life insured till end of the policy term, Guaranteed Maturity Addition, which is equal to 1% of Sum Assured or Paid-up Sum Assured * Policy Term is payable, provided the policy being in-force.
Money Back Benefits
Guaranteed Money Back Benefits as a percentage of Sum Assured or Paid-up Sum Assured is payable at the end of every five policy years till maturity. This benefit is payable on survival of the life insured, provided the policy being in-force.
Regular Monthly Payouts
Regular Monthly Payouts are 1% of Sum Assured or Paid-up Sum Assured for the first payout year and it increases by 0.25% in the following years, at a simple rate. This monthly payout starts after completion of the premium payment term till the end of the policy term or death, whichever is earlier.
Guaranteed Loyalty Additions
On survival of the life insured till completion of the premium payment term, Guaranteed Loyalty Additions, which is equal to 1% of Sum Assured * Premium payment term is payable, provided the policy being in-force.
Loan can be availed up to a maximum of 80% of surrender value under Reliance Nippon Life Super Money Back Plan.
The policy can acquire a Surrender Value after payment of all due premiums for at least 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.
This policy provides tax benefits as applicable under the Income Tax Act, subject to amendments from time to time.
|Age (as on last birthday)||18 Years||55 Years|
|Age at Maturity||28 Years||80 Years|
|Policy Tenure||10/20/30/40 Years||50 Years|
|Premium Paying Term||Half Of The Chosen Policy Term||-|
|Premium Paying Mode||Annually, Semi Annually, Quarterly & Monthly||-|
|Sum Assured||Rs 1 Lac||No Limit (subject To Underwriting)|
|Freelook Period||15 Days/30 Days (for Distance Marketing Channel) From The Receipt Of The Policy||-|
|Grace Period||30 Days (15 Days For Monthly Mode)||-|
No riders can be opted under this plan.
Raman at 30 years, wants to buy Reliance Nippon Life Super Money Back Plan to get regular money backs along with life protection. He opts the plan with the policy term of 20 years, Sum Assured is Rs 1,20,000 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, Guaranteed Maturity Addition is payable.
Scenario II: Raman dies during the Term of the Policy
In the event of death of Mr. Raman during 6th policy year, the nominee will receive a lump sum amount of Rs 3,00,000.