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  • 5 Reasons
    To Buy
  • Benefits
  • How this
    Plan Works
We always strive to add that extra bit of happiness to our loved ones lives. So, why not add an
extra layer of protection to their life by utilizing that idle money lying in your bank account or the
lupm sum you just received.
  • 1

    Pay just once

  • 2

    Plan the future with certainty

  • 3

    Enjoy guaranteed* returns on your investment

  • 4

    Escape from the hassle of tracking your premium

  • 5

    Avail tax benefits subject to prevailing tax laws


Disclaimer
UIN for Reliance Nippon Life Bal Nivesh - One Time: 121N118V01
*Guaranteed returns is the guaranteed sum assured payable on maturity.
Maturity Benefit:
 
On survival of the Life Assured till the end of the Policy Term, provided the policy is in force, the
Guaranteed* Sum Assured on Maturity which is equal to the Base Sum Assured, will be paid to the
policyholder.
 
Death Benefits:
 
In unfortunate event of death of the Life Assured, provided the policy is in force as on the date of
death, Sum Assured on Death will be payable.
 
Sum Assured on Death is highest of:
- 10 times Single Premium,
- Absolute amount assured to be paid on Death which is equal to the Base Sum Assured,
- Guaranteed* Sum Assured on Maturity,
- Death Benefit is subject to 125% of the Single Premium paid excluding any underwriting extra
  premium and taxes.
- The policy will terminate on payment of the death benefit.
Disclaimer
UIN for Reliance Nippon Life Bal Nivesh - One Time: 121N118V01
*Guaranteed returns is the guaranteed sum assured payable on maturity.
Let's take an example:
 
Example I:
 
Pankaj, aged 35 years, is working for an IT Company. Seema, Pankaj’s wife, is a homemaker and they are proud parents of 3 years old Kavya. Professionally, this has been a rewarding year for Pankaj, as he got promoted to a Chief Project Manager position and was awarded a generous performance bonus of Rs. 5 lakhs. Pankaj is extremely happy to receive this lump sum benefit, but he is a cautious man who is aware of perils of overspending. 

After consulting with Seema, he decides to use a part of the lump sum amount to secure
Kavya’s future. He buys a policy, for Kavya, of ‘Reliance Nippon Life Bal Nivesh - One Time’ with
following benefits. 
 

Life Assured

Base Sum Assured (Rs.)

Single Premium (excluding taxes) (Rs.)

Guaranteed Sum Assured at Maturity (Rs.)

Sum Assured on Death (Rs.)

Kavya

5,00,000

2,36,730

5,00,000

23,67,300


At Kavya’s age, the Premium rate per `1,000 Base Sum Assured is `491.46 and the applicable high
Sum Assured rebate is `18 per `1,000 Base Sum Assured.
Kavya’s Policy Maturity Benefit: At maturity, Kavya receives `5,00,000 as a Guaranteed* Sum Assured on Maturity.
 
Example II:

Rohan, aged 25 years, has just started his business and has made a handsome profit of `3 Lakhs, in
one of the dealings. Rohan is extremely happy to receive this lump sum benefit, but he spends
cautiously. Rohan plans to start his family soon and also wants to provide for his dependent parents.
Accordingly, he decides to use a part of the lump sum amount to secure his and the family’s future. He buys a policy of ‘Reliance Nippon Life Bal Nivesh - One Time’ with following benefits.
 

Life Assured

Base Sum Assured (Rs.)

Single Premium (excluding taxes) (Rs.)

Guaranteed Sum Assured at Maturity (Rs.)

Sum Assured on Death (Rs.)

Rohan

5,00,000

2,44,845

5,00,000

24,48,450


At Rohan’s age, the Premium rate per `1,000 Base Sum Assured is `507.69 and the applicable high
Sum Assured rebate is `18 per `1,000 Base Sum Assured.
 

Reliance Nippon Life Bal Nivesh - One Time at a glance
 

Parameters

Minimum

Maximum

Age at entry (years)

3

35

Age at maturity (years)

18

50

Base Sum Assured (Rs.)

1,00,000

No limit

Base Premium (Rs.)

49,146

No limit

Policy Term (years)

15

Premium Payment Term (years)

Single Pay


Note: All the references to age are based on age last birthday
Base Sum Assured should be in multiple of `10,000.



Disclaimer
UIN for Reliance Nippon Life Bal Nivesh - One Time: 121N118V01
*Guaranteed returns is the guaranteed sum assured payable on maturity.
Contact me
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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  • Shivrana Jinsiwal

    Patna

    “I am sure about the benefits that I will get after maturity...“

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  • Shailesh Arya

    Mumbai

    “Kudos to the team for the excellent work....“

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  • Vanita Damodar Vangera

    Karnataka

    “Payment is easy and quick. You get all the details on phone....“

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