Reliance Life Insurance
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  • 5 Reasons
    To Buy
  • Benefits
  • How this
    Plan Works

With increasing life expectancy and lifestyle diseases, we will live longer after retirement and need more money for medication. With rising inflation, it is imperative that we start saving for retirement early, so we don’t have to compromise on our lifestyle even after we have stopped earning. Reliance Smart Pension Plan is a non participating unit linked pension plan that allows you to save systematically and build up the much needed lump sum to provide yourself a regular income after your retirement.

one
Build a corpus for your golden years
one
Decide your retirement age
one
Live an independent life
one
Ensure regular income for a lifetime
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Get tax benefits as applicable

Build an adequate retirement corpus

  • Choose a policy term from 10 to 30 years, as per your convenience
  • Get equity participation along with the comfort of capital guarantee
  • Enhance your retirement corpus through loyalty additions
  • Increase your retirement fund with any extra lump sum as Top-ups, whenever available

Decide when you want to retire

  • Choose vesting age from 45 to 75 years, as per your ease
  • Extend your retirement age, as per your need
  • Receive regular income, as per annuity chosen by you
  • Fulfill your immediate needs with tax-free withdrawal of 1/3rd of the accumulated corpus upon retirement

Protect your family: Get a minimum guaranteed amount, based on the total premiums paid in case of any eventuality

Avail tax benefits: Get tax benefits  on investment and on returns, as per applicable income tax laws



Disclaimer

For more details on risk factors, terms and conditions please sales brochure carefully before concluding a sale. UIN for Reliance Smart Pension:121L090V02

Amar, aged 35 years, opts for Reliance Smart Pension Plan and:

  • I)   Selects premium payment term of 10 years with 20 years policy term and pays an               annual premium of Rs. 50,000  p.a.
  • II)  Enjoys equity participation of up to 20% with a minimum guarantee of Rs. 505,000 on            vesting
  • III) Loyalty additions will be accrued in his policy account
  • IV)  On vesting, Amar has 2 options

Option 1: Commute up to 1/3rd of the Fund Value and purchase annuity guaranteed for lifetime from the balance amount

Option 2: Utilise the entire Fund Value to purchase annuity guaranteed for lifetime

  • V) In the unfortunate event of his demise, his nominee receives the death benefit

Option 1: Commute up to 1/3rd of the Fund Value and purchase annuity guaranteed for lifetime                       from the balance amount 

Benefit at Vesting

@8%

@4%

Lump sum at Vesting

413,886

227,749

Annuity for Lifetime

45,399

24,982

Legacy for Nominee

802,960

441,845

 

 



Disclaimer

For more details on risk factors, terms and conditions please sales brochure carefully before concluding a sale. UIN for Reliance Smart Pension:121L090V02

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This Feedback is related to your experience with this website only. If you have any queries related to your Reliance Life Policy, please feel free to contact us at 3033 8181 / 1800 3000 8181 (Toll Free).