Quote Form

Our representative will call you within few minutes
Investment Plans 846 views December 2, 2020
Every parent wants to protect their child’s future in both situations when they are around or when they are not due to some unforeseen circumstances. And with the Reliance Nippon Life Bal Nivesh One Time, you can plan the future of your loved ones by not only saving the principal amount but also let it grow with time. One of the best things about this plan from Reliance Nippon is you just need to pay a single premium, as you can see from the ‘One time’ attached to its name.
With this single premium, you can enjoy guaranteed returns on your investment with a guaranteed sum assured payable at the maturity of your Reliance Nippon Life Bal Nivesh One Time Policy. This non-linked, non-participating, single premium plan provides assured benefits to you at the end of your policy term. With this plan from Reliance Nippon, you can bring in an extra layer of protection to your child’s life. One of the best things with this plan is that you don’t need to track your premium every year; pay it once, and you’re all set!
So, what are some of the other necessary things about this plan from Reliance Nippon Life Insurance that you should know? In this article, we will be talking about the same along with its benefits, eligibility, etc. Read on to know more!
Table of Contents
When you know the key features of any life insurance plan, you can maximize your benefits and choose the policy term accordingly. That’s why we are showing the highlights of Reliance Nippon Life Bal Nivesh One Time Plan below. Please have a look!
Now that you know some of the key features of the Reliance Nippon Life Bal Nivesh One Time Plan, you should also know the benefits of this plan in detail. Let’s have a look!
If the policy is in force and you have paid all the premiums, you will receive the guaranteed sum assured on maturity. This benefit is also subject to you surviving till the end of the policy term.
If the policyholder dies during the policy term, and the policy is active as on the date of death, the nominee will receive the sum assured with this Reliance Nippon Life Bal Nivesh One Time plan. The sum assured amount can be the highest of the following.
Remember that your policy will terminate when the company pays the death benefit payment.
If you choose to opt for a higher sum assured for your Reliance Nippon Life Bal Nivesh One Time Plan, you will get a high sum assured rebate per INR 1,000 of basic sum assured. To know more, have a look below.
Basic Sum Assured | High Sum Assured Rebate per INR 1,000 (in INR) |
---|---|
Less than INR 2,00,000 | Nil |
INR 2,00,000 to less than INR 5,00,000 | 12 |
INR 5,00,000 to less than INR 10,00,000 | 18 |
INR 10,00,000 and above | 21 |
What are the conditions you need to fulfill before choosing the Reliance Nippon Life Bal Nivesh One Time? Well, we are showing the eligibility criteria of this plan below. Do check!