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  • 5 Reasons
    To Buy
  • Benefits
  • How this
    Plan Works
Reliance Nippon Life Premier Wealth Insurance Plan can be tailored to individual needs and keep up with the changing priorities over time. The plan allows you the flexibility to balance the protection and investment needs during its tenure, in an active or a systematic manner.
  • 1

    Get the best of wealth management and value, in a single plan

  • 2

    Switch between active and auto-managed style of investing

  • 3

    Get rewarded for staying invested, with wealth boosters

  • 4

    Get access to your investments in case of emergencies

  • 5

    Enjoy tax benefits, as applicable


Disclaimer
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. UIN for Reliance Nippon Life Premier Wealth Insurance Plan:121L114V01
Choice of investment options - Select an investment option of your choice from
  • Self-Managed Option: Manage and control your investments directly
  • Auto-Managed Option: Manage your investment automatically. Under Auto-Managed Option you can choose between:
    • Target Maturity Option - Get a tailor-made solution through automatic asset allocation between equity and debt based on when you want to achieve your goal
    • Life-Stage option - Create a balance between equity and debt through a systematic asset allocation strategy based on your life-stage

Minimize charges: Receive Wealth Boosters every year from the end of the eighth policy year

Pay as you like: Flexibility to choose your premium payment options - Single Pay, Limited Pay or Regular Pay

Liquidity: Meet your emergency fund requirements through partial withdrawals, anytime after five policy years

Protect your family: Get the desired level of insurance cover based on your needs

Disclaimer
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. UIN for Reliance Nippon Life Premier Wealth Insurance Plan:121L114V01
 
  • Decide your premium amount, policy term and the premium payment term
  • Select the Sum Assured Multiple as per your protection needs
  • Choose an investment option based on your financial needs
  • On maturity of your policy, receive your maturity benefit as a lump sum or as a structured payout through settlement option to meet your financial goals
  • In case of your unfortunate death during the policy term your nominee will receive the death benefit

 

Let’s take an example:

Suresh, aged 35, is a successful entrepreneur who opts for Reliance Nippon Life Premier Wealth Insurance Plan with annual premium of Rs. 2,50,000 under regular pay option with a policy term of 20 years along with a life cover of Rs 25,00,000.

Suresh is aware of the benefits of investing over the long term. He knows his investments in Reliance Nippon Life Premier Wealth Insurance Plan will be enhanced through Wealth Boosters at 0.30% p.a (for Regular Pay option) of the average of daily fund value  from the end of the eighth policy year.

The addition to Suresh’s Fund Value by way of Wealth Boosters, from the end of eighth year onwards, is as given in the table below:

Assumed rate of return(%)/Policy Year

Additions to fund through Wealth Boosters

8th

9th

10th

11th

12th

13th

14th

@ 8%

Rs. 7,374

Rs. 8,614

Rs. 9,937

Rs. 11,347

Rs. 12,852

Rs. 14,556

Rs. 16,167

@ 4%

Rs. 6,279

Rs. 7,182

Rs. 8,110

Rs. 9,064

Rs. 10,043

Rs. 11,049

Rs. 12,083

 

Assumed rate of return(%)/Policy Year

Additions to fund through Wealth Boosters

15th

16th

17th

18th

19th

20th

Total Additions

@ 8%

Rs. 17,992

Rs. 19,939

Rs. 22,014

Rs. 24,228

Rs. 26,590

Rs. 29,108

Rs. 2,20,619

@ 4%

Rs. 13,144

Rs. 14,234

Rs. 15,354

Rs. 16,503

Rs. 17,684

Rs. 18,897

Rs. 1,59,626

# This illustration is for Life Equity Fund 3 and Life Pure Equity Fund 2

 Let’s look at five different scenarios after Suresh invests in this policy:

Scenario 1: Suresh does not get enough time out of his business and cannot manage his investments actively; therefore he opts for Target Maturity Option under Auto-Managed options.

This strategy automatically manages his investments by changing the allocation between the debt and equity funds based on a predefined schedule. Starting from the sixth policy year, as the time to maturity and to fulfill his financial goals draws closer, his investments are moved

 Premier Wealth

Scenario 2: Suresh likes to take control and thus opts for the Self-Managed option. He decides to invest in Life Equity Fund 3, since he believes the equity markets will be bullish in the coming years. He stays invested till maturity of the policy. The expected benefit received by Suresh is as follows:

Premiums paid (Rs.)

Fund Value at maturity

Annual amount

Total amount paid

@8%

@4%

Rs 2,50,000

Rs. 50,00,000

  Rs. 1,00,05,620

Rs. 63,84,968

 

Scenario 3: After three years of staying invested in the Life Equity Fund 3, Suresh feels that equity market will be going down soon due the recent turmoil within the economy. He switches his investment to Life Corporate Bond Fund 1. He has thus locked in the returns from the rise in the equity markets and is now enjoying stable returns from the bond market.

Scenario 4: At the end of the tenth policy year, Suresh decides to purchase a new car by utilizing his investments in this plan. He makes a partial withdrawal of 25% of his Fund Value.  

Premiums paid (Rs.)

Fund Value at end of year 10

Partial withdrawal of 25% of Fund Value at end of year 10

Annual amount

Total amount paid in 10 years

@8%

@4%

@8%

@4%

Rs. 2,50,000

Rs. 25,00,000

 Rs.  34,14,492

Rs. 27,39,056

Rs. 8,53,623

Rs. 6,84,764

 

Scenario 5: In the third policy year, Suresh dies in an unfortunate accident. His wife, who is his nominee, gets the Death Benefit.

 



Disclaimer
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. UIN for Reliance Nippon Life Premier Wealth Insurance Plan:121L114V01
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