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Reliance Nippon Life Classic Plan II



A unit linked, non-participating endowment life insurance plan.

In this policy, the investment risk in the investment portfolio is borne by the policyholder.The Linked Insurance Products do not offer any liquidity during the first five years of the contract. The Policyholder will not be able to surrender/withdraw the monies invested in Linked Insurance Products completely or partially till the end of the fifth year. Reliance Nippon Life Classic Plan II allows you to invest for the long term and protect this investment against uncertainties. It allows you to diversify your investment with a choice of multiple funds that you can switch amongst to hedge against market risks. The plan also provides life insurance to ensure protection for your family.

5 Reasons to Buy

  • Be in control of your investment
  • Protect the investment with a life cover
  • Switch amongst funds whenever you want
  • Pay as you like
  • Avail tax benefits as per prevailing tax laws

Benefits

Investment Flexibility

  • Choose from 5 investment funds based on your risk appetite: 2 equity-oriented funds, 1 balanced fund and 2 debt-oriented funds
  • Select your premium payment mode - Yearly, Half-yearly or Monthly
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Active Management

  • Make use of 52 free switches amongst the 5 investment funds
  • Enhance your investments through Top-Ups
  • Opt for Systematic Transfer Plan (STP) to manage volatility in equity market
  • Utilize Premium Redirection to change the investment pattern of your future premiums
       
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Adequate Protection

  • Protect your family through a base life cover throughout the Policy Term
  • Enhance your life cover by opting for a higher Sum Assured
  • Get additional protection against accidental death

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Easy Liquidity

  • In case of an emergency, make partial withdrawals from your Policy fund after 5 Policy Years
  • At maturity, receive the Fund Value under the base policy and under the Top-Ups, if any
Flexibility

Reliance Nippon Life Classic Plan II at a glance

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Parameters

Minimum

Maximum

Age at Entry (Years)

 

7 ( last birthday)

60(last birthday)

Policy Term

Regular

15

30

Single

Age at Maturity(Years)

 

22 (last birthday)

75 (last birthday)

Premium Payment Term(Years)

Regular

Equal to Policy Term

Single

One-time payment

Annual Premium Amount(RS)

Regular

Annual Mode

20,000

No Limit

Half – Yearly Mode

30,000

Monthly Mode

Single

75,000

Top –up Premium (Rs)

5,000

No Limit

Premium Payment Modes

Yearly, Half –yearly and Monthly for Regular Premium policy

Source: Reliance Nippon Life Insurance Company Limited Website
Reliance Securities is a distributor of Mutual Funds, Portfolio Management Services(PMS), Corporate Fixed Deposits, Bonds/NCDs, Insurance, IPOs, Structured Products and Loans.