Robinhood Insurance Broker Private Limited

What Are The Benefits of Reliance Nippon Life Increasing Money Back Plan?

Reliance Nippon Life Increasing Money Back Plan is a non-linked, non-participating life plan that gives guaranteed payouts every three years. The increasing payouts will help meet your growing lifestyle needs.

Benefits and features:

  • Money back benefits- You stand to get guaranteed money back benefits every 3 years, beginning from the end of your third policy year. You also receive a lump sum maturity amount when the policy term ends.
  • Discounts - Fixed discounts can be availed depending on what the sum assured amount you have chosen is.
  • Tax benefits- You can claim tax benefits on the premiums paid as well as the benefits received.
  • Premium payments - You have the option of paying premiums for seven years or throughout the term of the plan. Premiums can be made monthly, quarterly, half yearly or yearly.
  • Loan - You can avail a loan against the plan once it has acquired a surrender value.
  • Riders - Riders can be added to enhance your policy protection. Some of the riders include reliance term life insurance benefit rider, reliance major surgical benefit rider, reliance family income benefit rider and reliance critical conditions rider.

Eligibility Criteria

  • The age of entry is minimum 15 years and maximum 55 years.
  • The age of maturity is minimum 20 years and maximum 70 years.
  • The minimum base sum assured is 1l.
  • The minimum base premium is 18k.
  • The cover has a policy term of 15 years.

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Tab 2

2 burgers per month

burger₹ 700
Your yearly cost on fast food = roughly ₹ 8,400
price
Cost of Health Insurance for whole family with ₹ 5 lakhs cover!

Tab 3

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