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Investment Plans 1315 views December 1, 2020
To deal with life’s uncertainties and to protect your family’s future, it is essential to have a life insurance policy that can secure your family in case something unforeseeable happens. But what if we tell you that with Reliance Nippon Life Smart Cash Plus Plan, you can achieve both long term savings with the benefit of liquidity along with securing your family’s future. Yes, you can ensure the same with this non-linked, participating, non-variable money back insurance plan. As you can see from its name that you will get your money back in the form of guaranteed lump sums at regular intervals.
So, this plan could be a gift to you for the future from which you can get periodic money back on your investment. You can utilize this money for different avenues such as Home Renovation, Overseas Vacation with your family, Lifestyle Upgradation, etc. So when you choose to invest in Reliance Nippon Life Smart Cash Plus Plan, you are investing both for your family and for your business or other finances.
What are some of the key features of this plan that you should understand? Here, in this article, we are going to tell the same. Also, you can look at some of the other important information such as Benefits, Eligibility, etc.
Table of Contents
Before finalizing any life insurance plan, it’s important to know its key benefits so that you can enhance them accordingly. We are showing them below. Please check!
We are showing all the benefits of the Reliance Nippon Life Smart Cash Plus Plan in detail so that you can choose accordingly. Have a look!
At the time of maturity of your policy (depending on the policy term chosen), you will get a few maturity benefits such as Sum Assured and High Sum Assured Addition. Remember your policy should be in force to get these benefits. We are showing them below. Do check!
Sum Assured/ Policy Term | High Sum Assured Addition Percentage | ||||
---|---|---|---|---|---|
10 | 13 | 16 | 19 | 22 | |
Less than INR 2.5 lakh | Nil | ||||
INR 2.5 lakh and above but less than INR 5 lakh | 4 | 6 | 8 | 10 | 12 |
INR 5 lakh and above | 8 | 12 | 16 | 20 | 24 |
As we told you above, the individual will get money back benefits as a definite percentage of the sum assured on the survival of the life assured. Policyholders will start to receive these benefits at the end of the 4th Policy Year. To know more about it, you can check the below table.
Policy Term or Policy Duration (in Years) | Money Back Benefits (% of Sum Assured Amount) | |||||
---|---|---|---|---|---|---|
4 | 7 | 10 | 13 | 16 | 19 | |
10 | 10% | 15% | ||||
13 | 10% | 15% | 20% | |||
16 | 10% | 15% | 20% | 25% | ||
19 | 10% | 15% | 20% | 25% | 30% | |
22 | 10% | 15% | 20% | 25% | 30% | 35% |
If the policyholder dies during the policy term, the nominee will receive the benefit amount as a death benefit, which can be the higher of these two below-mentioned amounts.
Before choosing the Reliance Nippon Life Smart Cash Plus Plan, you should know the conditions you need to fulfill. We are showing them below. Do check!