Reliance Bluechip Savings Traditional Participating Plan
A participating endowment insurance plan with an element of guaranteed returns.
Key Benefits:
Premium paying period:
A participating endowment insurance plan with an element of guaranteed returns.
Key Benefits:
Premium paying period:
- Limited Payment Options - 5,7 or 10 Years.
Maturity Benefit:
The sum of the following benefits will be payable:
- Basic Sum Assured [BSA]
- Guaranteed Additions @ 7% per annum of BSA for the premium payment term.
- Simple Reversionary Bonuses declared during the policy term, starting from first policy year, which shall accrue at the end of each year.
- Terminal Bonus, if any will be payable on death or maturity from the 10th policy year onwards.
Death Benefit:
- 105% of all the premiums paid
- Annualised premium x (10 or 7 times as applicable) + Vested Reversionary Bonuses and Terminal Bonuses, if any.
- Basic Sum Assured + Guaranteed Additions + Vested Reversionary Bonuses and Terminal Bonuses, if any.
Tax Benefits:
As per the prevailing tax laws.
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