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  • 5 Reasons
    To Buy
  • Benefits
  • How this
    Plan Works
Reliance Nippon Life Fixed Savings helps you to create a corpus for unforeseen expenses, by allowing you to systematically save over a period of time. This plan offers guaranteed benefits, including fixed additions that accrue every year and an additional lump sum at maturity, along with a life insurance cover to protect your family.
  • 1

    Secure your future with fixed returns

  • 2

    Get incremental savings in the first 3 years

  • 3

    Create a corpus to fulfill your long term goals

  • 4

    Avail tax benefits

  • 5

    Get 8%, 9% & 10% Fixed Regular Addition of Annualized Premium, respectively in 1st year, 2nd year and 3rd year, onwards (Provided all due premiums have been paid in full)


Disclaimer
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. Reliance Nippon Life Fixed Savings –121N101V01
  • Fixed Regular Additions

On survival of the Life Assured till the start of the last policy year, the accrued Fixed Regular Additions are payable on the first day of the last policy year.

Fixed Regular Additions as a percentage of Annualised Premium as mentioned belowwill accrue at the start of each insurance policy year, provided all due premiums have been paid in full.

Policy Year

1

2

3 onwards

Fixed Regular Additions

(Percentage of annualised premium)

8%

9%

10%

 
  • Maturity Benefit

On survival of the Life Assured till the end of the policy term, Guaranteed Sum Assured on Maturity is payable which is equal to:

        i.  Annualised Premium x Premium payment term (PPT)
        ii. Fixed Maturity Addition = Maturity Factor x Annualised Premium

 

Maturity Factor, as a percentage of the Annualised Premium, depends on the age of the Life Assured at inception of the policy, premium payment term, policy term and the death benefit option chosen.

 
  • Death Benefit

In case of unfortunate demise of the Life Assured during the policy term, provided the policy is in force as on the date of death, the nominee shall receive the maximum of the following benefits:

        i.  Sum Assured on death

        ii. 105% of all the premiums paid, excluding the underwriting extra premiums as on date of                death

Plus

Accrued Fixed Regular Additions till the time of death, if not paid earlier

Sum Assured on death is higher of:

       i.  Annualised Premium x death benefit multiple as per the death benefit option chosen
       ii. Guaranteed Sum Assured on maturity

 

Options of Death Benefit can be chosen based on the age at entry, Premium Payment Term and Policy Term as per the following table:

Death Benefit Option

Death Benefit 

Multiple

Policy Term

Premium Payment Term

5

7

10

10X

10

12

8-44

8-55

8-59

15

8-60

20

7X

7

12

45-58

45-60

NA

15

45-60

20

56-60

Death benefit option shall be chosen by policyholder at inception and it cannot be changed during the Policy Term.

 

 

Disclaimer
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. Reliance Nippon Life Fixed Savings –121N101V01
 

Let’s take an example:

Rahul, aged 30 years, opts for Reliance Nippon Life Fixed Savings and:

  • Selects premium payment term of 7 years, policy term of 20 years and pays an yearly premium of Rs. 50,000 p.a. (exclusive of taxes), assuming that he is in good health
  • Fixed Regular Additions (as a percentage of annualised premium) accrue within the policy, immediately on premium payment

           i. 8% during first policy year,

          ii. 9% during second policy year and

         iii. 10% p.a. from third policy year onwards

  • On survival till the start of the last policy year, Rahul receives the accrued Fixed Regular Additions
  • At maturity, Rahul receives, the Guaranteed Sum Assured at maturity which is equal to:

           i.    Annualised Premium x Premium payment term (PPT)

           ii.   Fixed Maturity Addition = Maturity Factor x Annualised Premium 

 

Scenario II: In the unfortunate event of his demise, his nominee receives a lump sum amount as Death Benefit.



Disclaimer
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. Reliance Nippon Life Fixed Savings –121N101V01
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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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