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  • 5 Reasons
    To Buy
  • Benefits
  • How this
    Plan Works
Reliance Increasing Money Back Plan gives you periodic money back payouts that allows you to upgrade your family’s lifestyle along with life insurance cover to safeguard your family against unforeseen eventualities. With your growth at each lifestage, the payouts too increase each time bringing happiness and security to your family.
  • 1

    Gift your family a lifestyle upgrade every three years

  • 2

    Increasing payouts that match your increased responsibility at every lifestage

  • 3

    Guaranteed money back payouts help you plan for the long term

  • 4

    Protect your family’s well-being against unforeseen events

  • 5

    Avail tax benefits on premiums, maturity and money back payouts, subject to prevailing 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 Increasing Money Back Plan: 121N116V01
  •  Guaranteed Liquidity:
    • Receive guaranteed Money Back benefits every three years, starting from the end of your third policy year
    • Enjoy Money Back benefits that increase with each payout
    • Lump sum maturity amount at the end of the policy term

 

  • Flexibility: Choose to pay premiums for a term of seven years or throughout your policy term

 

  • Protection against unforeseen events:
    • Get life cover for the entire policy term
    • Option to enhance your protection cover through riders

 

  • Discounts for high Sum Assured : Receive fixed discounts on premium depending on the Sum Assured amount chosen

 

  • Tax benefits:  Avail tax benefits on premiums paid  and on benefits received, as per 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 Increasing Money Back Plan: 121N116V01
Let’s take an example:

Rajiv, aged 30 years, is blessed with a baby boy, Akash. Rajiv is filled with joy and preparing himself for the increased responsibilities in his life. He opts for Reliance Nippon Life Increasing Money Back with a Base Sum Assured of Rs. 2,50,000 and chooses to pay premiums for 15 years (Regular Pay). Assuming he is in good health, he pays a premium of Rs. 28,578 (excluding taxes) for 15 years.

Scenario I: If Rajiv,  the life assured, survives till maturity, he receives Money Back benefits beginning from the end of the third year and a lump sum maturity benefit in the 15th year.

Money Back Benefits:

End of Policy Year

3

6

9

12

Money Back (in Rs)

25,000

50,000

75,000

1,25,000

 

Let us look at how Rajiv uses these Money Back benefits to fulfill his responsibilities.

After 3 years :  Rajiv receives the first money back payout of Rs 25,000. He renovates Akash’s room for his third birthday.

After 6 years : Akash is now 6 years old and is ready to enter primary school. Rajiv uses the second money back payout of Rs 50,000 to ensure that Akash is a student of the best educational institute in the city.

After 9 years : Rajiv receives the third money back payout of Rs 75,000. He decides to upgrade his car and makes a down-payment for a brand new family car.

After 12 years : Rajiv has spent a busy year at work and hence decides to spend time with his family. He uses the money back payout of Rs 1,25,000 to gift his family a luxurious vacation abroad.

Maturity Benefit:

On maturity, at the end of the 15th policy year, Rajiv receives Rs 2,50,000 (100% of the Sum Assured). Rajiv decides to invest this in Akash’s higher education.

Increasing Money Back

Scenario II – Unfortunately, Rajiv meets with an accident and passes away in the 11th policy year . His wife, Neha, is overcome with grief. However, she finds some solace when she receives the lump sum amount of Rs 3,30,076 as death benefit, which is calculated as higher of Sum Assured on Death or 105% of premiums paid (excluding any extra premium).

 



Disclaimer
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. UIN for Reliance Nippon Life Increasing Money Back Plan: 121N116V01
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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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