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  • 5 Reasons
    To Buy
  • Benefits
  • How this
    Plan Works
Reliance Nippon Life Classic Plan II allows you to invest for the long term and protect this
investment against uncertainties. It allows you to diversify your investment with choice of
multiple funds that you can switch amongst to hedge against market risks. The plan also
provides life insurance to ensure protection for your family.
 
 
  • 1

    Be in control of your investment

  • 2

    Protect the investment with a life cover

  • 3

    Switch amongst funds whenever you want

  • 4

    Pay as you like

  • 5

    Avail tax benefits as per prevailing tax laws


Disclaimer
For more details on risk factors, terms and conditions please sales brochure carefully before concluding a sale. UIN for Reliance Nippon Life Life Classic Plan II: 121L085V03
Investment Flexibility
  • Choose from 5 investment funds based on your risk appetite:
  • 2 Equity oriented funds, 1 Balanced fund and 2 Debt oriented funds
  • Select your premium payment mode - Yearly, Half-Yearly or Monthly
Active Management
  • Make use of 52 free switches amongst the 5 investment funds
  • Enhance your investments through Top-ups
  • Opt for Systematic Transfer Plan (STP) to manage volatility in equity market
  • Utilise Premium Redirection to change the investment pattern of your future premiums

Adequate Protection

  • Protect your family through a base life cover throughout the policy term
  • Enhance your life cover by opting for a higher Sum Assured
  • Get additional protection against accidental death\
Easy Liquidity
  • In case of an emergency, make partial withdrawals from your policy fund after 5 policy years
  • At maturity, receive the Fund Value under the base policy and under the Top-ups, if any
Disclaimer
For more details on risk factors, terms and conditions please sales brochure carefully before concluding a sale. UIN for Reliance Nippon Life Life Classic Plan II: 121L085V03
Let’s take an example:

Mahesh, aged 30 years, opts for Reliance Nippon Life Classic Plan II with a policy term of 15 years, annual premium of Rs.50,000 and a life cover of Rs. 5,00,000, calculated at ten times the annualised premium. He believes that equities are currently volatile and hence, decides to invest in a relatively safe investment, under Life Corporate Bond Fund 1 (Debt oriented fund with low to moderate risk).

Let’s look at 5 different scenarios after Mahesh invests in this policy:

Scenario 1: He pays Regular Premiums and remains invested in the debt oriented fund till maturity of the policy and gets steady returns on his investment.    

Premiums paid (Rs.)

Fund Value** at maturity

Annual amount

Total amount paid over 15 years

@8%

@4%

50,000

7,50,000

11,80,861

8,47,778

**The values shown above are for illustration purpose only, based on assumed investment returns of 8% & 4%

Scenario 2: After 3 years, Mahesh feels that equity market has stabilized and is poised to provide superior returns in the long term. He switches his investment to Life Equity Fund 3 (Equity oriented fund with higher risk compensated with higher potential returns). Further, he opts for premium redirection to ensure that his future premiums are also invested in the equity oriented fund. Over time, his investment appreciates significantly and he enjoys superior returns on his investment.

Scenario 3: At the end of the 6th policy year, Mahesh decides to purchase a new car by utilising his investments in this plan. He makes a partial withdrawal of 20% of his Fund Value.    

Premiums paid (Rs.)

Fund Value** at end of year 6

Partial withdrawal of 20% of Fund Value at end of year 6

Annual amount

Total amount paid over 6 years

@8%

@4%

@8%

@4%

50,000

3,00,000

3,41,922

2,98,040

68,384

59,608

**The values shown above are for illustration purpose only, based on assumed investment returns of 8% & 4%

Scenario 4: At the end of the 10th policy year, his father is hospitalized with a Critical Illness and he is in urgent need of funds. Instead of taking a personal loan, he surrenders his policy and receives the complete Fund Value available as on the date of surrender.

Premiums paid (Rs.)

Fund Value** at end of year 10

Annual amount

Total amount paid over 10 years

@8%

@4%

50,000

5,00,000

6,55,594

5,25,316

 **The values shown above are for illustration purpose only, based on assumed investment returns of 8% & 4%

Scenario 5: In the 3rd policy year, Mahesh dies in an unfortunate accident. His wife, who is his nominee, receives the Death Benefit which is highest of the Base Sum Assured or Base Fund Value or 105% of the premiums paid, plus an additional amount equal to Sum Assured as an accidental death benefit, as shown below. Here, the Base Sum Assured is higher than the Base Fun Value and 105% of the premiums paid.

Death in Policy Year

Base Sum Assured

Additional benefit on death due to accident (Equal to Base Sum Assured)

Death Benefit payable

3

 Rs. 5,00,000  Rs. 5,00,000 Rs. 10,00,000 
 


Disclaimer
For more details on risk factors, terms and conditions please sales brochure carefully before concluding a sale. UIN for Reliance Nippon Life Life Classic Plan II: 121L085V03
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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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