• * Comparison between case 1: Life Secure - Return of Premium Option (100%), SA - 1 Cr., PT - 35 years, Male, Non-smoker, Age 25 years (Premium - Rs. 12,992) and case 2: Life Secure - Return of Premium Option (100%), SA - 1 Cr., PT - 35 years, Male, Non-smoker, Age 30 years (Premium - Rs. 16,501). Premiums are exclusive of applicable taxes and levies.
  • ^ Available only under Whole Life Secure option
  • # Available only under Life Secure with Return of Premium Option (50%) and Life Secure with Return of Premium Option (100%)
  • + Available only under Enhanced Life Secure Option

How does the plan work?

  • Option 1 Life Secure
  • Option 2 Enhanced Life Secure
  • Option 3 Life and Income Secure
  • Option 4 Life Secure with increasing income benefit
  • Option 5 Life Secure with return of premium (50%)
  • Option 6 Life Secure with return of premium (100%)
  • Option 7 Whole Life Secure
#1

Life Secure

Under this option, a lump sum benefit equal to Sum Assured on Death is payable, on the earlier of death or diagnosis of Terminal Illness during the Policy Term, provided the Policy is in force.

  • Event

    On Death / Diagnosis of Terminal Illness

  • Benefit

    Sum Assured on Death is paid as a lump sum benefit

Rohit, aged 30, buys Reliance Nippon Life Digi-Term Insurance Plan, Life Secure Option with a life cover of 1 Crore and Policy Term of 30 years.
Rohit pays regular premium
Unfortunate death or diagnosis of terminal illness in Year 15. Rohit's family, the nominees, receive Sum Assured of 1 Crore.
  • For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. Reliance Nippon Life Digi-Term Insurance Plan (UIN - 121N135V01)

#2

Enhanced Life Secure

Under this option, your life cover increases by a simple rate of 5% p.a. at each policy anniversary subject to a maximum increase of 100% of Base Sum Assured chosen at inception. A lump sum benefit equal to Sum Assured on Death is payable, on the earlier of death or diagnosis of Terminal Illness during the Policy Term, provided the Policy is in force.

  • Event

    On Death / Diagnosis of Terminal Illness

  • Benefit

    Sum Assured on Death is paid as a lump sum benefit

Rishabh, aged 30, buys Reliance Nippon Life Digi-Term Insurance Plan, Enhanced Life Secure Option with a life cover of 50 Lakhs and Policy Term of 35 years.
Rishabh pays regular premium.
Unfortunate death or diagnosis of terminal illness in Year 15. Rishab's family, the nominees, receive Sum Assured of 85 Lakh.
  • For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. Reliance Nippon Life Digi-Term Insurance Plan (UIN - 121N135V01)

#3

Life & Income Secure (Level Income Benefit)

Under this option, a lump sum benefit equal to Sum Assured on Death, plus a monthly income for a period of 10 years is payable on the earlier of death or diagnosis of Terminal Illness during the Policy Term, provided the Policy is in force.

  • Event

    On Death / Diagnosis of Terminal Illness

  • Benefit

    Sum Assured on Death is paid as a lump sum benefit; plus

    Level monthly income of 0.5% of Base Sum Assured for 10 years

Kishore, aged 27, buys Reliance Nippon Life Digi-Term Insurance Plan, Life & Income Secure (Level Income Benefit) Option with a life cover of 50 Lakhs and Policy Term of 35 years.
Kishore pays regular premium for 15 years.
Unfortunate death or diagnosis of terminal illness in Year 15. Kishore's family, the nominees, receive Sum Assured of 50 Lakhs. His family also gets a monthly income of 25,000 for the next 10 years. (Total monthly income paid over 10 years - 30 Lakhs)
  • For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. Reliance Nippon Life Digi-Term Insurance Plan (UIN - 121N135V01)

#4

Life & Income Secure (Increasing Income Benefit)

Under this option, a lump sum benefit equal to Sum Assured on Death, plus a monthly income of 0.5% of the Base Sum Assured, increasing at a simple rate of 10% p.a., for a period of 10 years is payable on the earlier of death or diagnosis of Terminal Illness during the Policy Term, provided the Policy is in force.

  • Event

    On Death / Diagnosis of Terminal Illness

  • Benefit

    Sum Assured on Death is paid as a lump sum benefit; plus

    Increasing monthly income of 0.5% of Base Sum Assured increasing at a simple rate of 10% p.a. for 10 years

Kamal, aged 35, buys Reliance Nippon Life Digi-Term Insurance Plan, Life & Income Secure (Increasing Income Benefit) Option with a life cover of 1 Crore and Policy Term of 35 years.
Kamal pays regular premium for 15 years.
Unfortunate death or diagnosis of terminal illness in Year 15. Kamal's family, the nominees, receive Sum Assured of 1 Crore. His family also gets a monthly income of 50,000 in 1st year, increasing by 10% p.a. for 10 years. (Total monthly income paid over 10 years - 87 Lakhs)
  • For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. Reliance Nippon Life Digi-Term Insurance Plan (UIN - 121N135V01)

#5

Life Secure with Return of Premium (50%)

Under this option, a lump sum benefit equal to Sum Assured on Death is payable, on earlier of death or diagnosis of Terminal Illness during the Policy Term, provided the Policy is in force. On survival till the end of the Policy Term, you will receive a maturity benefit equal to 50% of the Total Premiums Paid.

  • Event

    On Death / Diagnosis of Terminal Illness

  • Benefit

    Sum Assured on Death is paid as a lump sum benefit

  • Maturity Benefit

    50% of the Total Premiums Paid shall be payable on survival at maturity

Raghav, aged 35, buys Reliance Nippon Life Digi-Term Insurance Plan, Life Secure with Return of Premium (50%) Option with a life over of 1 Crore and Policy Term of 30 years.
Scenario 1 Unfortunate death or diagnosis of terminal illness during Policy Term. Raghav's family, the nominees, receive Sum Assured of 1 Crore and the policy terminates.
Scenario 2Raghav survives till the end of the Policy Term, he receives a maturity benefit of 50% of the Total Premiums Paid.
  • For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. Reliance Nippon Life Digi-Term Insurance Plan (UIN - 121N135V01)

#6

Life Secure with Return of Premium (100%)

Under this option, a lump sum benefit equal to Sum Assured on Death is payable, on earlier of death or diagnosis of Terminal Illness during the Policy Term, provided the Policy is in force. On survival till the end of the Policy Term, you will receive a maturity benefit equal to 100% of the Total Premiums Paid.

  • Event

    On Death / Diagnosis of Terminal Illness

  • Benefit

    Sum Assured on Death is paid as a lump sum benefit

  • Maturity Benefit

    100% of the Total Premiums Paid shall be payable on survival at maturity

Raghav, aged 35, buys Reliance Nippon Life Digi-Term Insurance Plan, Life Secure with Return of Premium (100%) Option with a life cover of 50 Lakhs and Policy Term of 25 years.
Scenario 1Unfortunate death or diagnosis of terminal illness during Policy Term. Raghav's family, the nominees, receive Sum Assured of 50 Lakhs and the policy terminates.
Scenario 2Raghav survives till the end of the Policy Term, he receives a maturity benefit of 100% of the Total Premiums Paid.
  • For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. Reliance Nippon Life Digi-Term Insurance Plan (UIN - 121N135V01)

#7

Whole Life Secure

Under this option, you are insured for Whole of Life. A lump sum benefit equal to the Sum Assured on Death is payable, on the earlier of death or diagnosis of Terminal Illness during the Policy Term, provided the Policy is in force.

  • Event

    On Death / Diagnosis of Terminal Illness

  • Benefit

    Sum Assured on Death is paid as a lump sum benefit

Rajeev, aged 27, buys Reliance Nippon Life Digi-Term Insurance Plan, Whole Life Secure Option with a life cover of 50 Lakhs.
Rajeev pays premiums till the age of 65.
Unfortunate death at age 80. His family, the nominees receive sum assured of 50 Lakhs
  • For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. Reliance Nippon Life Digi-Term Insurance Plan (UIN - 121N135V01)

I am Interested + - x
  • (Field details: ADA group employees/Vendors/partners in details section should mention their official Email Id.)
  • Refresh