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  • 5 Reasons
    To Buy
  • Benefits
  • How this
    Plan Works
 
  • 1

    Tailor-make your retirement plan

  • 2

    Start your pension when you want it

  • 3

    Choose between various pension options

  • 4

    Secure your retirement with guaranteed income for whole of life

  • 5

    Avail tax benefits, as per applicable tax laws


Disclaimer
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. UIN for Reliance Nippon Life Pension Builder:121N113V01
 
  • Choose your policy term based on when you want to retire

 

  • Build your retirement corpus through paying premium for five years, seven years, ten years or throughout the policy term

 

  • Boost your retirement savings with regular simple reversionary bonus and terminal bonus, if any

 

  • At retirement, get guaranteed regular income for whole of life

 

  • Protect your family with a lump sum amount or guaranteed income in case of unfortunate death

 

  • Avail tax benefits on investment and on returns, as per the applicable income tax laws
Disclaimer
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. UIN for Reliance Nippon Life Pension Builder:121N113V01
 

Let’s take an example:

Kiran (Life Assured), aged 35 years, works as an Area Manager in a private organization. He opts for Reliance Nippon Life Pension Builder with a Sum Assured of Rs. 5,00,000,  policy term of 20 years and premium payment term of 10 years. The annual premium applicable (after deducting the High Sum Assured Discount) is Rs. 51,695 (excluding service tax and cess). He nominates his wife Kirti as a beneficiary, in case of his unfortunate demise.

 Vesting Benefit at the end of the 20th year will be Sum Assured + Vested Simple Reversionary Bonus + Terminal Bonus, if any.

This is subject to a minimum of 105% of all the premiums paid (excluding any extra mortality premium, service tax and education cess)

Kiran has following options at vesting:

  • To commute/withdraw 1/3rd of the Vesting Benefit as per prevailing income tax laws and to utilize the balance amount to purchase immediate annuity from Reliance Nippon Life Insurance Company at the prevailing annuity rate; or
  • To utilise the entire proceeds to purchase a single premium deferred pension plan from Reliance Nippon Life Insurance Company; or
  • To extend the accumulation period/deferment period under the same plan, provided the policyholder's current age is below 55 years and maximum age at vesting is not more than 75 years
 

Scenario I: Kiran, survives till vesting and utilise the entire corpus to purchase Immediate Annuity Plan with Life Annuity with Return of Purchase price option from RNLIC.

 

Benefit at Vesting

Amount (Rs.)

@8%

Amount (Rs.)

@4%

Sum Assured

5,00,000

5,00,000

Vested Simple Reversionary Bonus

3,50,000

1,00,000

Terminal Bonus

2,80,000

80,000

Total Benefit

11,30,000

6,80,000

Annuity Amount p.a.*

63,574

38,257

Lumpsum on Death post-retirement

11,30,000

6,80,000

 
*Immediate Annuity Purchase Price considered for calculation of the Annuity Amount p.a. is exclusive of Service Tax and Cess, if any.
 
Reliance Pension Builder
 

Scenario II: Unfortunately Kiran, dies at the end of eighth policy year; Kirti will be entitled to

Benefit on Death

Amount (Rs.)

@8%

Amount (Rs.)

@4%

105% of Total Premiums paid (excluding service tax and cess)

4,34,238

4,34,238

Vested Simple Reversionary Bonus

1,40,000

40,000

Total Death benefit

5,74,238

4,74,238

 

 Kirti has following options:

  • Receive entire proceeds of death benefit as a lump sum or
  • Utilise the proceeds of death benefit, fully or partly, for purchasing an Annuity at the then prevailing rate from Reliance Nippon Life Insurance Company.


Disclaimer
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. UIN for Reliance Nippon Life Pension Builder:121N113V01
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I / we unconditionally agree to share mine / our Personal Information with the Reliance Group for the purpose of facilitating one view of all my transactions with the various Reliance Group Companies. However, in return I /we expect the Reliance Group of companies to keep mine / our personal information secure and confidential. I / We further understand that I / we may be offered various products and services by various Reliance Group Companies and for this purposes mine / ours’ personal information would be shared amongst the group companies in a secure and confidential manner.

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    Patna

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