Reliance ULIP Plans

investment

Reliance Nippon Life ULIP Plans: Brief Overview

A part of Reliance Capital, Reliance Nippon Life Insurance Company, is one of the most entrusted life insurance companies in the country. Ever since its inception, Reliance Nippon Life Insurance has provided the customers financial independence, that helps them plan their present as well as their future. With its ULIPs, unit-linked life insurance plans, the company caters to the various insurance necessities of different customers, in the most feasible way.

Features of Reliance Nippon Life ULIP Plans

Name Of PlanEntry AgePolicy Term
Reliance Nippon Life Smart Savings Insurance Plan

Minimum: 1 year

Maximum: 
60 years (Regular Pay)
55 years (7 Pay)
50 years (5 Pay)

10 years to 30 years
(Depends on the Plan Selected)
Reliance Nippon Life  Prosperity Plus Plan

Minimum: 1 year

Maximum: 60 years

10 years and 15 to 20 years
(Depends on the Plan Selected)
Reliance Nippon Life Premier Wealth Insurance Plan

Minimum: 30 days

Maximum: 60 years

10 years to 30 years
(Depends on the Plan Selected)
Reliance Nippon Life Classic Plan II

Minimum: 7 years (last birthday)

Maximum: 60 years (last birthday)

15 to 30 years

Benefits of Buying Reliance Nippon Life ULIP Plans

  1. Insurance-cum-Investment
    With an investment in Reliance Nippon Life ULIPs, you receive the combined benefits of a life insurance cover along with long-term investment.

     
  2. Systematic Saving
    From the beginning of the ULIP, you get into the habit of a regular and disciplined way of saving. This habit, as per financial experts, is very helpful in building a corpus big enough to fulfil your future needs. 

     
  3. Invest as per Your Portfolio
    As a ULIP offers a wide area of investment, it suits all kinds of investors. If you are a seasoned investor who wishes to put his money in high-risk options, you may invest in equities, if not then debt funds might suit you more.

     
  4. Liquidity
    With Reliance Nippon ULIPs, you have the option for making partial withdrawals. This liquidity makes it easier to manage a financial crisis. 

     
  5. Tax Benefits
    The premiums and the Death/Maturity benefit that you receive are tax-free (up to specific limits) under Section 80C and Section 10(10D) of the Income Tax Act, 1961, respectively. 

     
  6. Freedom and Flexibility
    With Reliance Nippon ULIPs, you can get a lot of options in the premium paying term, premium frequency, investment funds etc. You can also switch between funds during the policy term. 

 

Most Popular Reliance Nippon Life ULIP Plans

  1. Reliance Nippon Life Smart Savings Insurance Plan
    The Smart Savings Insurance Plan helps you to provide an adequate life cover amount, that is enough to ensure that your family is well-protected even if something happens to you tomorrow. Depending on your current stage of life, you can set your fund allocation. The plan also assures liquidity through partial withdrawals once the lock-in period is over. You can also manage your investment through - Self Managed Option or the Auto Managed Option.

     
  2. Reliance Nippon Life Prosperity Plus Plan
    A unit-linked, non-participating, individual life insurance plan covers you for life through the tenure of the policy. As per your budget, you can select an investment strategy for yourself. When you stay invested for long, you also get benefits such as Loyalty and Maturity Additions.

     
  3. Reliance Nippon Life Premier Wealth Insurance Plan
    The Premier Wealth Insurance Plan is a unit-linked, non-participating, individual life insurance plan. The plan has been designed in a way that it matches the aspirations that you wish for your future. In one single plan, you can avail the best way to create and manage wealth. You also have the option to switch between the auto-manage style or the active style of investing. With this plan, you also have the flexibility to select a premium payment option that could be Single Pay, Regular Pay or Limited Pay.

     
  4. Reliance Nippon Life Classic Plan II
    With this plan, you can enjoy a lot of flexibility and keep control of your hard-earned money. When you invest in this long-term plan, you also protect your corpus against any uncertainties that may arise. The plan lets you switch between the 7 investment funds as you like and lets you pay the premium as per your convenience too. 

     

Insight on Reliance Nippon Life ULIP Plans

As discussed above Reliance ULIP Plans offer you dual benefits with a single plan. The insurance-cum-investment plans provide you with a life cover along with market-linked returns. These plans also give you a lot of variety in selecting an investment fund that suits your investment portfolio. Whether you are an amateur investor or a seasoned one, ULIPs allow everyone to invest as per their requirements as well as risk appetite. Reliance ULIP Plans also offer a great opportunity to invest systematically and thus build an adequate corpus. With the right kind of plan, you can guard the future of your loved ones. Tomorrow, even if something unfortunate happens to you, you have the assurance that your family will be financially stable. 

 

Reliance Nippon Life ULIP Plans: FAQs
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  • Paytm Insurance Broking Private Limited. Address: 136, 1st Floor, Devika Tower, Nehru Place, NEW DELHI, South Delhi, Delhi, India, 110019
  • Registration No. 700. Valid till 16/02/2023
  • CIN - U66000DL2019PTC355671