Reliance Life Guaranteed Money Back Plan

The Guaranteed Money Back Plan offered by Reliance Life Insurance Company provides you guaranteed money back benefits at regular intervals. With the reliance Guaranteed Money Back plan, you can easily fulfil you and your family’s financial needs. Apart from offering guaranteed money back, the plan also . In your absence, it will take care of your family members by waiving all future premiums. The Reliance Guaranteed Money Back plan is a non-participating, non-linked money back plan. You can utilize the fund received from this policy to pay off your debts, fund your children’s education, arrange pleasure trips, buying gifts for your near and dear ones etc.

Features of Reliance Guaranteed Money Back Plan:

The comes with the following key features:

  • The plan offers a lot of flexibilities. You can choose your policy term as per your convenience and pay your premiums on yearly, half-yearly, quarterly and monthly modes. However, quarterly and monthly modes are allowed only if the premiums are paid by electronic means
  • Policy terms include 15 and 20 years.
  • The policy offers rebate on high sum assured as stated below:

Total sum assured

Rebate on per Rs.1000 sum assured

For less than 1, 00,000.



Rs. 10,00,000 and above.

Rs. 4

Rs. 5, 00,000 and above, but < 10, 00,000.

Rs. 3

Rs. 2,50,000 and above, but < 5,00,000.

Rs. 2

Rs. 1,00,000 and above, but < 2,50,000

Rs. 1

  • The Reliance Guaranteed Money Back policy also offers rebates on its premiums.

Mode of Premiums










  • The policy offers a grace period of 30 days, if your premium paying modes are yearly, half-yearly and quarterly. The grace period is 15 days for monthly mode policies. .
  • The policy offers guaranteed surrender value (GSV), provided the monthly premiums are paid regularly. 
  • The policy also offers special surrender value. 
  • You cannot take loan against this policy.
  • The policy accepts a minimum sum assured of Rs. 50,000.
  • There is no limit on the maximum sum assured.
  • Once the policy is effective, the sum assured and the policy tenure cannot be changed.
  • You can enjoy a free look period of 15 days, provided your policy is bought manually. But, if you purchase the same policy online, you will receive a 30 day free look period within which you can return your policy.
  • The policy can be revived during the revival period by paying the pending premiums and the interest on delayed premiums as per the current applicable rate of interest.
  • You can surrender the policy at any time and receive surrender benefits. However, the surrender benefits are paid based on the policy term and your premium paying terms. Also, you need to continue the policy for 3 years in order to receive these benefits. 
  • Nomination is allowed under this policy.

Benefits of Reliance Guaranteed Money Back Plan:

The Reliance Guaranteed Money Back plan offers you the following benefits:

  • You can avail tax benefits on your investment and on returns as per the existing income tax laws.
  • Enjoy guaranteed money back benefits during the last 5 policy years.
  • The policy offers up to 40% of the total sum assured as guaranteed loyalty additions.
  • Get up to 20% of the sum assured as guaranteed maturity addition when the polity matures.
  • The policy offers extensive life cover which is 10 time of your annualized premiums for the complete policy term.
  • In case of accidental death, the policy offers additional life cover which is equal to the total sum assured.
  • The policy also offers premium waiver benefits. All future premiums are waived following the death of the policyholder. The guaranteed benefits continue to exist, provided the policy is in force and all premiums are paid till the date of death.

Eligibility Conditions for Reliance Guaranteed Money Back Plan:

Entry age

Minimum: 18 years


· 58 years for a policy of 15 years.

· 55 years for a policy of 20 years.

Maturity age

Minimum: 33 years.

Maximum: 75 years.

How the Reliance Guaranteed Money Back Plan Works?

Mr. Ajay, who is 30 years old, decides to purchase a Reliance Guaranteed Money Back plan. He chooses a policy term of 20 years with a premium paying term of 7 years. He pays an annual premium of Rs. 30,000 and the total sum assured is Rs. 2, 30,840. The plan will offer him the following benefits:

  • Guaranteed loyalty additions.
  • Guaranteed money back benefits in the last 5 policy years.
  • Guaranteed maturity addition at maturity.
  • In case, the policyholder does not survive till the end of the tenure, the nominee will receive the death benefits plus all future premiums will be waived.

In case, Mr. Ajay survives till the end of the policy tenure, he will receive the below mentioned payouts at maturity:

Guaranteed money back ( 40% of the sum assured)

Rs. 92, 336

Guaranteed loyalty addition

Rs. 92,336

Guaranteed maturity addition

Rs. 46,168

Total benefit at maturity

Rs. 2,30,840

Money back benefits

Rs. 34, 626

The same policy will offer an amount of Rs. 34, 626 as money back benefit to Mr. Ajay.

In a different scenario, if Mr. Ajay dies in the 5th policy year, the concerned nominee will receive the following benefits at maturity:

Guaranteed money back ( 40% of the sum assured)

Rs. 92, 336

Guaranteed loyalty addition

Rs. 92,336

Guaranteed maturity addition

Rs. 46,168

Total maturity benefit

Rs. 2,30,840

Besides, the nominee will also receive the following benefits:

Death benefits

A lump sum of Rs. 3, 00, 000.

Money back benefits

Rs. 34, 626 p.a.

Premium Payment:

Premium paying term

15 and 20 years.

Premium paying option

Limited Pay and Regular Pay.

Premium paying modes

Monthly, quarterly, half-yearly and yearly.


The Reliance Guaranteed Money Bank Plan offer additional sum assured on accidental death. However, the additional sum offered by the policy will not exceed Rs. 50, 00,000.

The Reliance Guaranteed Money enables you to fulfil you and your family’s dream by offering guaranteed money back at periodic intervals. The plan not only provides you with steady income, you can also accomplish a wide variety of tasks in life with this plan.

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