Robinhood Insurance Broker Private Limited

Product Info





Launch Date


Withdrawn Date

Product Overview

Reliance smart cash plus plan gives you guaranteed lumpsum at periodic intervals in the future to fulfill your goals at very life stage, while securing your family from any unforeseen eventualities. Its a perfect mix of long term saving with the benefit of liquidity.

Product Description

  • A maturity benefit equal to the Sum Assured
  • Vested Bonuses
  • Tax benefit on investment and on returns
  • Life time cover of atleast 10 times the annualised premium for entire policy term


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Unique Features

  • The policy pays benefit amount every 3 years.
  • At maturity, the policyholder gets Maturity Benefit equal to the Sum Assured plus High Sum Assured Addition, if any plus Vested bonuses, if any.

Eligibility Criteria

Eligibility Criteria
  Minimum Maximum
Age at Entry (Years) 14 (Last Birthday) 55 (Last Birthday)
Age at Maturity (Years) 24 (Last Birthday) 70 (Last Birthday)
Policy Term (Years) 5 30
Premium Payment modes Yearly, Half yearly, Quarterly & Monthly
Policy term years 10,13,16,19 & 22
Sum Assured (Rs.) Rs 100,000 No Limit

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Product Benefit

  • Maturity Benefit: At maturity the policy is in force you receive the Money Benefit which is equal to the following benefits:
  1. An amount equal to basic Sum Assured is payable on maturity
  2. High Sum Assured Addition = High Sum Assured % * Sum Assured.
  • Death Benefit:
  1. Option 1 - Higher Of
    (a) Maximum of (10 times the Assured Premium, Sum Assured + High Sum Assured Additions) + Vested Bonuses if any 
    (b) 105% of the premium paid, excluding the underwriting extra premiums as on the date of death
  2. Option 2 - Higher Of
    (a) Maximum of (7 times the Annualised Premium Sum Assured + High Sum Assured Additions) + Vested Bonuses if any 
    (b) 105% of the premium is paid, excluding the underwriting on the date of death.

Other Policy Features

Feature Description
High Sum Assured Additions 
Regular Premium Policies 
Sum Assured or policy Term  High Sum Assured Premium
10 13 16 19 22
Less Than s 2.5 Lacs  Nil
2.5 Lakhs and above but less than 5 Lakhs 4 6 8 10 12
Rs 5 Lakhs and above 8 12 16 20 24
Surrender Benefit The Surrender Value payable is higher of the Guaranteed Surrender Value (GSV) and Special Surrender Value (SSV), as given below. The policy will acquire a Surrender Value provided the first annualized premium is paid in full. If the first annualised premium is paid in full and the policy is surrendered before the completion of three policy years, the applicable surrender value will be payable only after the completion of three policy years.
Guaranteed Surrender Value (GSV) As a percentage (GSV Premium Factor) of the total premiums paid excluding rider premiums and extra premiums paid, less any survival benefits already paid Plus GSV Bonus factor * vested bonuses, if any.
Special Surrender Value (SSV) The policy will acquire a Special Surrender Value provided the first three annualised premiums are paid in full. Special Surrender Value = Special surrender value factor * Maturity Benefit * No. of premiums paid / No. of premiums payable during the policy term Plus Special surrender value factor * Vested Bonus 
Grace period  There is a grace period of 30 days applicable from the due date for payment of premiums if
the payment is made in yearly, half-yearly or quarterly modes. In case the premiums are paid
in monthly mode, then the grace period applicable is of 15 days.
Lapse If one annualised premium is not paid in full, the policy will lapse at the end of the grace period and the insurance cover will be cease immediately 
No Benefits will be paid when the policy is in the lapsed status 
The policy will acquire a surrender value provided  the 1st Sum Assured Premium is paid in full 
Revival  A policy in lapsed or paid-up condition can be revived during the revival period by paying
the arrears of premiums along with interest at 10.50% p.a. rate of interest.
Paid up Paid up= Sum Assured *( No of  premium paid / total no of premium payable) 
Bonuses Reversionary Bonuses are declared at the end of the year and benefits are added to the policy benefit to the proportion of Sum Assured 
This Bonus is credited to the policy and becomes the guaranteed benefit 
On maturity the the policy holder will receive Paid up Sum Assured along with vested bonuses
Money Back Benefit
Policy Term (years) Money Back Benefit payable as a % of Sum Assured
  4 7 10 13 16 19
10 10% 15%        
13 10% 15% 20%      
16 10% 15% 20% 25%    
19 10% 15% 20% 25% 30%  
22 10% 15% 20% 25% 30% 35%


If the Life Insured under the Policy, whether medically sane or insane, commits suicide, within one year of the date of reinstatement of the Policy, the Policy shall be void and the Company will only be liable to pay the higher of 80% of premiums paid or the surrender value.

Tax Benefits

Tax benefits will be as per prevailing tax laws. Tax laws are subject to change.

Claim Process

Know claim process of Smart Cash Plus Plan

Claim Process

Company Overview

Reliance Life Insurance is a part of Reliance Capital of the Reliance Group. Reliance Capital is one of India's leading private sector financial services companies, and ranks among the top private sector financial services and non-banking companies, in terms of net worth. Nippon Life Insurance Company acquired 26% interest in equity share capital of the Company effective October 7, 2011 subsequent to receipt of all regulatory approval.


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Tab 2

2 burgers per month

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

Tab 3

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Get ₹. 50 Lakhs
on retirment by saving
₹. 3,900/ Month.