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  • 5 Reasons
    To Buy
  • Benefits
  • How this
    Plan Works

With increasing life expectancy and lifestyle diseases, we will live longer after retirement and need more money for medication. With rising inflation, it is imperative that we start saving for retirement early, so we don’t have to compromise on our lifestyle even after we have stopped earning. Reliance Nippon Life Smart Pension Plan is a non participating unit linked pension plan that allows you to save systematically and build up the much needed lump sum to provide yourself a regular income after your retirement.

  • 1

    Build a corpus for your golden years

  • 2

    Decide your retirement age

  • 3

    Live an independent life

  • 4

    Ensure regular income for a lifetime

  • 5

    Get tax benefits as applicable


Disclaimer

For 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

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

Disclaimer

For 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

 

 



Disclaimer

For 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

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I / we unconditionally agree to share mine / our Personal Information with the Reliance Group for the purpose of facilitating one view of all my transactions with the various Reliance Group Companies. However, in return I /we expect the Reliance Group of companies to keep mine / our personal information secure and confidential. I / We further understand that I / we may be offered various products and services by various Reliance Group Companies and for this purposes mine / ours’ personal information would be shared amongst the group companies in a secure and confidential manner.

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Review

  • 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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Awards Won

Reliance Nippon Life Insurance Company Limited (formerly known as Reliance Life Insurance Company Limited), Regd Office: H Block, 1st Floor, Dhirubhai Ambani Knowledge City, Navi Mumbai, Maharashtra - 400710, India. Insurance is the subject matter of the solicitation. Reliance Nippon Life Insurance Company Limited is licensed life insurance company registered with the Insurance Regulatory and Development Authority (Registration No: 121) in accordance with the provisions of the Insurance Act 1938. Trade logo displayed above belongs to Anil Dhirubhai Ambani Ventures Private Limited & Nippon Life Insurance Company and used by Reliance Nippon Life Insurance Company Limited under license. For more details on the risk factors, term and conditions please read the product brochure carefully before concluding the sale.