Build an adequate retirement corpus
- Choose a policy term from 10 to 30 years, as per your convenience
- Get equity participation along with the comfort of capital guarantee
- Enhance your retirement corpus through loyalty additions
- Increase your retirement fund with any extra lump sum as Top-ups, whenever available
Decide when you want to retire
- Choose vesting age from 45 to 75 years, as per your ease
- Extend your retirement age, as per your need
- Receive regular income, as per annuity chosen by you
- Fulfill your immediate needs with tax-free withdrawal of 1/3rd of the accumulated corpus upon retirement
Protect your family: Get a minimum guaranteed amount, based on the total premiums paid in case of any eventuality
Avail tax benefits: Get tax benefits on investment and on returns, as per applicable income tax laws
DisclaimerFor more details on risk factors, terms and conditions please sales brochure carefully before concluding a sale. UIN for Reliance Nippon Life Smart Pension Plan:121L090V02
Amar, aged 35 years, opts for Reliance Nippon Life Smart Pension Plan and:
- I) Selects premium payment term of 10 years with 20 years policy term and pays an annual premium of Rs. 50,000 p.a.
- II) Enjoys equity participation of up to 20% with a minimum guarantee of Rs. 505,000 on vesting
- III) Loyalty additions will be accrued in his policy account
- IV) On vesting, Amar has 2 options
Option 1: Commute up to 1/3rd of the Fund Value and purchase annuity guaranteed for lifetime from the balance amount
Option 2: Utilise the entire Fund Value to purchase annuity guaranteed for lifetime
- V) In the unfortunate event of his demise, his nominee receives the death benefit
Option 1: Commute up to 1/3rd of the Fund Value and purchase annuity guaranteed for lifetime from the balance amount
Benefit at Vesting
|
@8%
|
@4%
|
Lump sum at Vesting
|
413,886
|
227,749
|
Annuity for Lifetime
|
45,399
|
24,982
|
Legacy for Nominee
|
802,960
|
441,845
|

DisclaimerFor more details on risk factors, terms and conditions please sales brochure carefully before concluding a sale. UIN for Reliance Nippon Life Smart Pension Plan:121L090V02