Reliance Nippon Life Whole Life Income Plan and Policy - In general, all human beings have two major financial needs – how to take care of the family and how to lead a comfortable life. The Reliance Whole Life Income Plan is designed to take care of the regular income that is needed by an individual to lead a happy and smooth life. This particular plan also allows the policyholder to leave something as a legacy for the next generation. The Reliance Whole Life Income Plan provides the policyholder with regular income till the age of 85 years and also takes care of his/her family’s financial needs arising from an unfortunate event.
In order to be eligible for the Reliance Nippon Life Whole Life Income, one must meet certain criteria. These are mentioned below:
Minimum age at entry | 0 years |
Maximum age at entry | 55 years |
Minimum age at the time of maturity | 85 years |
Maximum age at the time of maturity | 85 years |
Policy term | 85 – Age at entry |
Premium Payment Term | 10 & 15 |
Minimum Annual Premium | Rs.16,328 |
Maximum Annual Premium | No limit |
The Reliance Whole Life Income plan comes with several features. These features are as follows:
Modes of premium payment | Monthly, Quarterly, Half Yearly and Annually |
Base assured sum | Rs.1,00,000 |
Maximum assured sum | There is no limit |
Tax benefits | Avail tax benefit on premiums and the benefits listed under this policy according to the current Income Tax Laws |
The Reliance Whole Life Income plan comes with a myriad of benefits. These benefits are as follows:
Base Assured Sum | Guaranteed Income (% of Base Assured Sum) |
Rs.5,00,000 and above | 6.75% |
Rs.2,50,000 or more but lower than Rs.5,00,000 | 6.50% |
Lower than Rs.2,50,000 | 6.00% |
The following riders are offered by Reliance Life Insurance to safeguard the insured and his/her loved ones:
Reliance Saving & Investment Life Insurance Plans and Policy |
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Reliance Protection Plans |
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Reliance Nippon Life Online Income Protect |
Reliance Retirement Plans |
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Reliance Nippon Life Pension Builder |
Reliance Nippon Life Immediate Annuity Plan |
Reliance Nippon Life Smart Pension Plan |
Reliance ULIP Plans |
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Reliance Nippon Life Premier Wealth Insurance Plan |
Reliance Nippon Life Smart Savings Insurance Plan |
Reliance Nippon Life Classic Plan II |
Reliance Child Insurance Plans |
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Reliance Nippon Life Education Plan |