Secure your family's future and build long-term savings with the Reliance Life Endowment Plan - a smart investment that offers guaranteed benefits, flexible terms, and protection. Start saving today for tomorrow’s dreams.
The benefits of saving money on a regular basis is a very good habit. Unfortunately most of us make the decision of savings regularly too late, and time has just slipped away. will help you get into the habit of saving, and will also reward you for saving and doing it regularly.
The savings plan will help you get your loan finished on your dream home or take your family on a wonderful trip to an exotic destination, or even fund the big wedding of your child.
Particulars | Details |
Age entry | Minimum - 5 years Maximum - 50 years |
Maturity age | Minimum - 18 years Maximum - 75 years |
Sum assured | Minimum - Rs. 65, 261 Maximum: For entry age above 18 there’s no limit For entry age below 18 - Rs. 5, 00, 000 |
Premium payment terms in years | Regular pay - equal to policy |
Policy in terms of years | 10, 15, 20, and 25 |
Payment modes | Annually, half yearly, quarterly and monthly |
Nanjappa, aged 35 years, opts for Reliance Endowment Plan with paying a Regular Premium he chooses a policy term of 20 years, and sum assured amount of Rs. 889,996. He pays an annual premium of Rs. 50,000 p.a. which are exclusive of taxes, for this example let's assume that Nanjappa is in good health and receives Maturity Benefits at the end of the Policy term. In the event of an unfortunate death of Nanjappa, his nominee in this case his wife, will receive a death benefit which includes the bonuses.
Benefits at maturity | at 8% | at 4% |
Received sum assured | 8,89,996 | 8,89,996 |
Vested bonuses | 4,32,491 | 1,43,453 |
Total benefit | 13,22,488 | 10,33,450 |
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