With the Reliance Super Money Back plan, you can receive assured and steady income. The plan provides enhanced security to you and your family members as and when you need. The guaranteed monthly income offered by the plan increases every year.
The Reliance Super Money Back plan takes care of your near and dear ones even in your absence by . The plan helps you renovate your house, plan your vacation, pay off your children’s school fees and plan for your retirement. Also, you can fulfill your investment goals with this plan.
The key features of include:
The Reliance Super Money Back Plan offer the following key benefits:
Entry age | Minimum age: 18 years Maximum age: 55 years. |
Maturity age | Minimum age: 28 years Maximum age: 80 years. |
The Reliance Super Money Back plan works in the following manner – for example, Mr. Raj, a 30 year aged person decides to purchase a Reliance Super Money Back Plan. He chooses a policy tenure of 20 years with a sum assured of Rs.1, 20,000 and also opt for death benefits. He chooses to pay a yearly premium of Rs. 30,000 considering that his health has no complications. In that case, Mr. Raj will receive the following benefits:
In case, Mr. Raj dies during the policy tenure, the designated nominee will get a lump-sum death benefit.
If Mr. Raj continues the policy till its maturity and he is alive, he will receive the following benefits:
Guaranteed maturity additions | Rs. 24,000 ( 20% of the sum assured) |
Guaranteed loyalty additions | Rs. 12,000. ( 10% of the sum assured) |
Guaranteed money back additions | Rs. 30,000 ( 25% of the sum assured) |
Regular monthly income | Rs.14, 000 in the 11th policy year which increases by 3% in the succeeding years. |
Premium paying terms (PPT) | Half of the select policy tenure |
Premium paying modes | Yearly, half-yearly, quarterly and monthly. |
GST of 18% is applicable on life insurance effective from the 1st of July, 2017
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