Reliance Life Insurance Smart Pension Plan

It is a non-participating unit-linked pension plan that allows you to save systematically and build up the much needed corpus to make your autumn years very special.

• A non-participating unit-linked pension product with Rs/vesting age between 45 & 75 years
• Guaranteed Loyalty Additions of up to 9% of the Annualized/Single premium at the end of every third policy year
• Flexibility of premium payment in Regular /Limited/ Single Payment mode
• Option to pay Top-up Premum(s).

• The plan provides Guaranteed Loyalty Additions of up to 9% of the Annualized/Single Premium at the end of every 3rd policy year from the end of 6th policy year if the policy is in force.
• A host of optional riders to choose from.

• Maturity Benefit:
  Basic Sum Assured, along with vested simple reversionary bonuses and Final Additional bonus, if any, shall be payable in lump sum on Survival to the end of the policy term provided all due premiums have been paid.
• Death Benefit:

1. On the date of death, the higher of the total of balances in the unit account as on the date of intimation of death or 105% of the total premiums paid 
2. The policy terminates on payment of the death benefit.
3. Withdraw the entire proceeds of the policy

• AD & Total and Permanent Disablement Rider:
  Acccidental Death (AD) & Total and Permanent Disablement Rider, offers cover for the financial impact of an accident or disability. Waiver of Premium benefit under the rider continues in the plan in case of disability.

• Term Life Insurance Benefit Rider:
  Provide additional death benefit depending on the sum assured selected under the rider

• Reliance New Major Surgical Benefit Rider:
  The lump sum amount to cover surgical expenses from a list of 33 surgeries including Open Heart surgery, Kidney Transplant, Cornea transplantation, Transplant of Lungs and many more.

• Critical Conditions (25) Benefit Rider:
  Provides lump sum amount to take care of 25 critical conditions including Cancer, Heart Attack, Paralysis, Major Organ transplant and many more.

• Family Income Benefit Rider:
  The beneficiary gets a monthly benefit of 1% of sum assured (shown in the schedule) every month (i.e.12% per annum), from the date of death or Total and Permanent Disablement till the end of the rider policy term OR 10 years

Charges

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

Tax Benefits

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

Know claim process of Reliance Life Insurance Smart Pension Plan

Claim Process

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.