Reliance Life Super Endowment Plan

The Reliance Super Endowment Plan gives you the financial independence you need to make your dreams and your family's dreams come true in the future. The future holds many expected as well as unexpected expenses, and the Reliance Super Endowment Plan is a non-linked non participating endowment plan, that's been designed to save for your future along with giving you the required life cover. for you and your family to fulfil your dreams.

The key features of the Reliance Super Endowment Plan:

  1. You can receive basic sum assured on maturity or death
  2. All you need to do is pay for just half of the selected policy term, and get policy cover for the full policy term
  3. You can get more value for your money by way of high sum assured
  4. Get a great rebate and premium frequency discounts on your premium payments
  5. You can also add a rider to the endowment place, there are a wide range of Riders that are available and can be added to the plan.
  6. Under this plan you can also apply for a loan from the plan.
  7. Free look period of 15 days is provided to you, if you disagree to the terms and conditions of the policy you can return the policy to the company.
  8. Grace period of 30 days will be provided to the policyholder to make premium payments. In case the premium payments are of monthly modes then, the grace period is 15 days.

The key benefits of Reliance Super Endowment Plan:

  1. Life cover: If during the policy, the person who’s life’s been covered under the plan. The company will pay the basic sum assured to the nominee of the policy, provided the premiums due have been paid and the policy is still in force. The policy terminates on payment of death benefit.
  2. Maturity Benefit: If the person whose life’s been covered under the plan survives the term of the policy, the Company will then pay the basic sum assured, provided the policy is in force and all premiums due have been paid. The policy terminates on payment of maturity benefit
  3. Rider Benefits: There are many optional rider benefits that are available during the premium paying term only. If these riders are opted for by the policyholder on payment of additional premium over and above the base premium provided conditions on riders (entry age, policy term, sum assured) are satisfied.


The eligibility terms of this plan:





8 years

60 years

Maturity age

22 years

75 years

Minimum sum assured

Rs. 1, 00, 000

No limit

The policy details:

Policy Term

14 or 20 years

Premium paying terms

7 or 10 years

* Please note: The premium paying term is half of the selected policy term under this plan.

How does this plan work?

Under the , all you need to pay are the premiums for half of the selected policy term. Basic sum assured will be payable at maturity, but in case of the unfortunate death of the policyholder during the there will be a death cover available throughout the policy term.

Let's take an example:

Naveen purchases Reliance Super Endowment Plan and chooses a policy term of 20 years. And he makes premium payment term of 10 years and Sum Assured amount of Rs. Rs. 889,996.

He makes this premium payment annually of Rs. 50,000 p.a. which are exclusive of taxes, assuming that Naveen is in good health, and survives the policy term he receives maturity benefits at the end of the Policy term. In the unfortunate event of demise of the policyholder, his nominee gets the Protection Benefit as described above

Premium Payment:

Let’s take the example of the below table that shows an annual premium on a monthly mode, without service tax & education cess, for basic sum assured of Rs. 1,00,000:


Policy Term 14 years

Policy Term 20 years

Death Benefit

Maturity Benefit


9, 119

5, 173




9, 147

5, 208




9, 224

5, 327




9, 532

5, 732



* Please note: The premium paying term is half of the selected policy term under this plan.


The riders available along with this plan is:

  1. Reliance Term Life Insurance Benefit Rider
  2. Reliance New Major Surgical Benefit Rider
  3. Reliance New Critical Conditions Benefit Rider
  4. Reliance Life Insurance Family Income Benefit Rider
  5. Reliance Accidental Death and Total and Permanent Disablement Rider.

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GST of 18% is applicable on life insurance effective from the 1st of July, 2017

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