Reliance Nippon Life Lifelong Savings Plan

A plan that helps you save during your lifetime and provide your family with a whole life cover in the event of your unfortunate demise.

Highlights

Create a legacy for your family
Save for your child's education and your retirement
Choose to stay protected for your whole life
Enhance your savings through bonus additions

How this plan works

Reliance Nippon Life Lifelong Savings Plan

Policy Benefits

Flexible Cover options:

Standard: Get a lump sum amount on maturity and a life cover during the Policy Term.
Extended Cover: Get a lump sum amount on maturity and a life cover during the Policy Term plus extended life cover for the whole of life after the Policy Term.

Savings with the comfort of guarantees:
At the end of the Policy Term, receive:

Accrued Guaranteed Additions: 4% of Base Sum Assured during the first five policy years.
Guaranteed Maturity Benefit: Sum of Base Sum Assured and accrued Guaranteed Additions.
Bonuses: Enhance your guaranteed savings through simple reversionary bonuses that accrue every year during the Policy Term starting from 6th policy year, along with a terminal bonus, if any.

Pay as you like:

Choose how long you want to pay – For 10 years (Limited Pay) or the entire Policy Term (Regular Pay).
Choose your premium payment frequency – Yearly, Half-yearly, Quarterly or Monthly.

Liquidity:

Loan facility is available during the Policy Term to meet an unforeseen need.

Tax benefits:

Avail tax benefits on the premiums paid and benefits received, as per applicable income tax laws.

Product Presentation

Disclaimer
^Guaranteed Maturity Benefit is equal to Base Sum Assured and all Guaranteed Additions.
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. UIN for Reliance Nippon Life Lifelong Savings: 121N110V02

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