RELIANCE Increasing Money Back Plan

RELIANCE Increasing Money Back Plan - Non-Linked Non-Participating Money Back Plan 

The RELIANCE Increasing Money Back Plan gives periodic money back payouts with Life Insurance cover.

• Receive guaranteed Money Back benefits every three years, starting from the end of your third policy year.
• Enjoy Money Back benefits that increase each payout.
• Lump sum maturity amount at the end of the policy term.
• Protect your family's well-being against unforeseen events.
• Avail tax benefits on premiums, maturity and money back payouts, subject to prevailing tax laws.

Plan Highlights:

1. Age at Entry - Minimum is 15 and maximum age limit is 55.
2. Age at Maturity - Minimum is 30 and maximum age limit is 70
3. Policy Term is 15 Years
4. Policy Payment Term 
1. Limited Pay - 7 Years
2. Regular Pay - 15 Years

Money Back Benefit:

As a percentage of Base Sum Assured will be paid at regular intervals of three years starting from the end of the third policy year.

Maturity Benefit:

Base Sum Assured will be paid to the Policy holder

Death Benefit:

Higher of the following will be paid to the Nominee:

• 105% of the premiums paid or 10 times annualized premium or Base Sum assured.

Benefits Illustration

Age : 40 Years

Policy Term : 15 Years

PPT : 7 Years                        Base Sum Assured (BSA) : Rs. 3,00,000 (decided by Insurer)

Premium Amount : Rs.60,951 (to be decided by the insurer based on BSA)

Death Benefit : Rs. 6,09,510

Reliance Increasing Money Back Plan - Illustration

* Premium exclusive of G.S.T. 

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