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  • 5 Reasons
    To Buy
  • Benefits
  • How this
    Plan Works
Reliance Nippon Life Smart Savings Insurance Plan automatically adjust to your risk appetite,
by balancing between equity and debt through a systematic asset allocation strategy
based on your life-stage.
  • 1

    Get adequate life cover to ensure protection for your family

  • 2

    Preset your fund allocation as per your life-stage or outstanding term to maturity

  • 3

    Actively manage your investments depending on the market conditions

  • 4

    Get rewarded for staying invested for a longer period

  • 5

    Get access to liquidity in case of emergencies


Disclaimer
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. UIN for Reliance Nippon Life Smart Savings Insurance Plan:121L117V01
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
 
High Rewards:
  • Get the benefit of reduced charges on investing higher premium amount
  • Get rewarded for choosing to pay for longer term through loyalty additions
  • Enhance your fund value by staying invested for longer term through wealth boosters

 

Adequate Protection: Safeguard your family, in the event of your unfortunate death, throughout the policy term with a life insurance cover of at least ten times the annualised premium.

Pay as you like: Customise your premium payment options - pay premiums for 5, 7, 10 years or for the entire policy term

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

Disclaimer
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. UIN for Reliance Nippon Life Smart Savings Insurance Plan:121L117V01
  • Decide your premium amount, policy term and the premium payment term
  • The plan provides a life insurance cover depending upon the age at entry of the Life Assured and chosen policy term and annualised premium  
  • 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:

Mahesh, aged 30 years, opts for Reliance Nippon Life Smart Savings Insurance Plan with annual premium of Rs. 1,00,000 under regular pay option with a policy term of 30 years along with a life insurance cover of Rs 15,00,000 (For entry age less than 45 years, calculated as higher of (i) 10 times of annualised premium or (ii) (Policy term divided by 2) times the annualised premium.

Mahesh is aware of the benefits of investing over the long term, he chooses Self-Managed Option with 100% allocation in Life Equity Fund 3. He knows his investments in Reliance Nippon Life Smart Savings Insurance Plan will be enhanced through Wealth Boosters from as early as end of sixth year since he is in Band 2 and investing for a longer term. His investments will further be enhanced through Loyalty Additions every five years, which is a percentage of his premiums paid, starting from the end 10th policy year.

The addition to Mahesh’s Fund Value, by way of Wealth Boosters & Loyalty Additions is explained in the illustration below:

Smart Savings

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

Scenario I: Mahesh 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 Mahesh is as follows:

Premiums paid (Rs.)

Fund Value at maturity** (Rs.)

Annual amount

Total amount paid

@8%

@4%

Rs 1,00,000

Rs 30,00,000

Rs 98,15,319

Rs 48,36,883

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

Scenario II: In the unfortunate event of Mahesh’s demise, 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.

Below is an example for death benefits in different year

Death in Year

Death Benefit**

 

@8%

@4%

3

Rs. 15,00,000  Rs. 15,00,000 

13

 Rs. 19,59,674 Rs. 15,00,000 

23

 Rs. 54,10,242  Rs. 32,05,893

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

The Fund Value denoted above is the expected fund value of Life Equity Fund 3 at the end of the year (before payment of next year’s premium); this might be different depending on exact date of death of Life Assured. Fund Value will be calculated as per the prevailing NAV as on the date of death.



Disclaimer
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. UIN for Reliance Nippon Life Smart Savings Insurance Plan:121L117V01
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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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