Reliance Life Highest NAV Guarantee Plan

"Reliance Life Highest NAV Guarantee Plan"

Reliance Life Highest NAV Guaranteed Plan is a unique unit linked life insurance plan. This plan, with its highly attractive allocations, is second to none in the Indian Market

Key benefits & features

• Very high allocation of 80% of annualised premium during the first year
• As high as 97% allocation from the 2nd & 3rd year onwards
• Liquidity through partial withdrawals
• Option of paying both regular premium (min 20,000 annualised) & single premium (min 30,000 annualised)
• Sum assured as high as 30 times of annual premium
• Options of 4 riders available
• Unmatched flexibility through settlement, top ups and exchange
• Tax benefit under sec 80C of the income tax act, 1961 on premiums paid.
• Tax benefit under sec 10 (10 D) of the income tax act, 1961 on benefits received.  

Policy limits                 Minimum     Maximum
Age at entry                   30 days         65 years
Age at maturity              10 years         70 years
Policy term                    10 years        10 years

Maximum sum assured as a multiple of annualised premiums (Regular Premium)

Age group                         Multiple  
30 days to 40yrs              30 times of annualised premium    
41 to 45                              20 times
46 to 50                              15 times
51 to 55                              10 times
56 & above                      05 times                                                                        

Maximum sum assured as a multiple of annualised premiums (Single Premium)

Age group                         Multiple  
30days to 45yrs                          6 times of single premium    
46 and above                       2 times
     
Policy administration charge by cancellation of units

Rs 40 per month

Guarantee charge

The Guarantee Charge will be priced in the value of units on a daily basis – 0.15% per annum

Allocation – Regular Premiums

Policy year               Allocation of annualised premiums
     1                               80%
2 & 3 years                     97%
4 & 5 years                  98%
6th year onwards             99%

Allocation – Top up premiums: 98% & single premium 2%

What sets RLI's plan apart from competition??

As compared with all the competitor plans (attached for reference), Reliance Life is only one which offers

• Highest NAV Guarantee for entire term of 10 years till maturity and is not limited to a specific period of reset dates
• This plans also allows you to top up your policy and what's more, you get the Highest NAV Gurarantee on top ups too
• The highest NAV guarantee continues, even if you discontinue the premium after three annualised premiums are paid.