Endowment

Reliance Nippon Life Super Endowment Plan



Reliance’s Super Endowment Plan has been designed to ensure that you can save for your future along with the benefit of life cover and provide protection to your family.

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5 Reasons to Buy

  • Secure your savings through guaranteed returns
  • Create a corpus to fulfill your dreams
  • Save for retirement
  • Pay for a short term to receive long term benefits
  • Give a gift to your grandchildren
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Savings

Get sum assured on maturity of the policy.

Flexibility

Flexibility

Choose your policy term: 14 or 20 years

Pay limited premium for half of the chosen policy term.

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Protection for your Family

Get life cover of at least 10 times the annualised premium for the entire policy term.


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Tax Benefit

Get tax benefit on investment and on return, as per the applicable income tax laws.


Reliance Super Endowment Plan

Parameters

Minimum

Maximum

Age at entry (Years)

8  (last Birthday)

60 (last birthday)

Age at Maturity (Years)

22 (last Birthday)

75 (last birthday)

Policy Term (Years)

14 and 20

Premium Payment Term (Years)

Half of the Policy Term

Sum Assured (Rs)

1,00,000

No limit

Premium Payment Options

Limited Pay

Premium Payment Mode

Yearly, Half-yearly, Quarterly and Monthly

Maturity Benefit

Get Guaranteed Sum Assured on maturity of the policy, provided the policy is in force and all due premiums have been paid.

Death Benefit

In case of the unfortunate demise of the Life Assured during the policy term, provided the policy is in force as on the date of death, the nominee will receive maximum of Guaranteed Sum Assured, 10 times the Annualised Premium or 105% of all the premium paid, excluding the under writing extra premiums as on the date of death.

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Other Features

Flexible premium payment modes
You have the option to pay regular premiums under Yearly, Half-yearly, Quarterly and Monthly mode. Quarterly and Monthly modes are allowed only if premiums are paid electronically. The mode of premium payment can be changed on the Policy Anniversary.

Mode Discount(in percentage)
Yearly 2.5
Half- Yearly 1.5
Quarterly Nil
Monthly Nil



High Sum Assured Rebate

High Sum Assured rebate is offered under the plan as mentioned below:

Sum Assured Rebate per ₹ 1,000 Sum Assured
Less than ₹ 2,50,000/- Nil
₹ 2,50,000/- and above but less than ₹ 5,00,000/- ₹ 3
₹ 5,00,000/- and above but less than ₹ 10,00,000/- ₹ 3
₹ 10,00,000/- and above ₹ 3




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.