Reliance Nippon Life Increasing Money Back Plan

• Guaranteed money back benefits
• Money back benefits increase with each payout
• Lump sum amount at maturity
• Option to choose limited or regular premium payment
• Get life cover
• Discounts on choosing high sum assured
• Enhance protection through riders
• Avail tax benefits

Death Benefit

In the event of death of the life insured, the Death Benefit payable is higher of Sum Assured on Death or 105% of all the premiums paid. Here Sum Assured on Death is higher of Guaranteed Sum Assured on Maturity, 10 times of annualized premium, or Base Sum Assured.

Maturity Benefit

On survival of the life insured till end of the policy term, the guaranteed sum assured on maturity is payable, provided the policy being in-force.

Money Back Benefits

Money Back Benefits is payable at the end of every three policy years. This benefit is payable as 10%/20%/30%/50% of the Base Sum Assured is payable at the end of 3^rd/6^th/9^th/12^th policy year, provided the policy being in-force.

Loan Benefit

Loan can be availed up to a maximum of 80% of surrender value under Reliance Nippon Life Increasing Money Back Plan.

Surrender Value

The policy can acquire a Surrender Value after payment of all due premiums for at least 2 full policy years, for premium payment term is less than 10 years. The Surrender Value can be acquired after payment of all due premiums for at least 3 full policy years, for premium payment term is 10 years or more. Upon surrendering the policy, the higher of Guaranteed Surrender Value or Special Surrender Value is payable.

Tax Benefit

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

Following riders can be opted under this plan, on payment of additional rider premium.

• Reliance Term Life Insurance Benefit Rider
• Reliance Major Surgical Benefit Rider
• Reliance Critical Conditions (25) Rider
• Reliance Family Income Benefit Rider
• Reliance Accidental Death & Total and Permanent Disablement Rider (Regular Premium)

Raman at 30 years, wants to buy Reliance Nippon Life Increasing Money Back Plan to get regular money backs along with life protection. He opts the plan with the policy term of 15 years, Base Sum Assured is Rs 2,50,000 with annual premium of Rs 28,578.

Scenario I: Raman Survives the Policy Term

If Mr. Raman survives till the maturity of the policy term, he receives Rs 2,50,000 as guaranteed sum assured on maturity. 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 11^th policy year, the nominee will receive a lump sum amount of Rs 3,30,076. The death benefit helps your family/nominee to get a financial security, when you are not around.