Reliance Life Insurance
  • 5 Reasons to buy
  • Benefits
  • How this plan works
  • Faqs
Reliance Cash Flow Plan gives you dual benefits of life insurance and easy liquidity through periodic cash flows. It gives you the flexibility to use your savings when you require it the most, as well as stay financially protected and covered, by giving you a specified percentage of the Sum Assured at specified intervals.
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Easy liquidity through periodic cash flows at the end of the fourth year and thereafter, at the end of every three years
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Wealth creation through bonus additions
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On maturity of your plan, receive accumulated bonuses along with a final lump sum payout
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More value for your money by way of a High Sum Assured Rebate
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Full Sum Assured along with bonuses in case of your untimely demise. This is over and above the Survival Benefits already paid

Benefits

Survival Benefit: Get a percentage of the Sum Assured on the fourth anniversary and on every third Policy Anniversary till maturity.

Maturity Benefit:On maturity, you get the remaining percentage of the Sum Assured plus accumulated bonuses.

Life Cover Benefit: In the unfortunate event of loss of life, your Beneficiary will receive the full Sum Assured plus accumulated bonuses till that date.

Rider Benefit:You also have the option to add two additional benefits to customize the Policy as per your needs:

  • a) Accidental Death Benefit and Total and Permanent Disablement Rider
  • b) Critical Illness Rider

When & how much of Fixed Benefits paid?

Money Back Survival Benefits paid per Rs1,000 Sum Assured on survival to the end of year
Term 4 7 10 13 16 19 22 25 28 31 34
7 500 500                  
10 333 333 333                
13 250 250 250 250              
16 200 200 200 200 200            
19 167 167 167 167 167 167          
22 143 143 143 143 143 143 143        
25 125 125 125 125 125 125 125 125      
28 111 111 111 111 111 111 111 111 111    
31 100 100 100 100 100 100 100 100 100 100  
34 90.9 90.9 90.9 90.9 90.9 90.9 90.9 90.9 90.9 90.9 90.9

Sample Premiums

The tables below illustrate the indicative premiums for an individual Life Assured across different Sum Assured for a Policy Term of 16,25 and 31 years.

Sum Assured Rs 1 lakh Age/Term (yrs) 16 25 31
30 8580 5950 5045
35 8700 6140 5295
40 8905 6445 NA
45 9320 7010 NA

Sum Assured Rs 3 lakh Age/Term (yrs) 16 25 31
30 25440 17550 14835
35 25800 18120 15585
40 26415 19035 NA
45 27660 20730 NA

Sum Assured Rs 5 lakh Age/Term (yrs) 16 25 31
30 41900 28750 24225
35 42500 29700 25475
40 43525 31225 NA
45 45600 34050 NA

Disclaimer
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. UIN for Critical Conditions Rider: 121B003V01, Accidental Death & Total and Permanent Disablement Rider: 121C002V01, Reliance Cash Flow Plan: 121N001V01,Reliance Life Insurance Family Income Benefit Rider -121C015V01

How does this Plan work?

You pay premium every year for the entire term and get Survival Benefits at periodical intervals as mentioned below.

On death, your Beneficiary will get the full Sum Assured, plus accumulated bonuses, over and above the Survival Benefits already paid to you.

Disclaimer
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. UIN for Critical Conditions Rider: 121B003V01, Accidental Death & Total and Permanent Disablement Rider: 121C002V01, Reliance Cash Flow Plan: 121N001V01,Reliance Life Insurance Family Income Benefit Rider -121C015V01
What is the Policy Term?
Minimum Policy Term: 7 years
Maximum Policy Term: 34 years
Who can buy this product?
Minimum age at entry: 15 years
Maximum age at entry: 63 years
Minimum age at maturity: 22 years
Maximum age at maturity: 70 years
What is the Sum Assured?
Minimum Sum Assured: Rs 25,000
Maximum Sum Assured: No limit

Savings and accumulation through bonuses

The Company will declare simple reversionary bonus which is payable at maturity or on death, whichever is earlier.

More value for money - High Sum Assured Rebate

Reliance Cash Flow Plan offers an attractive premium discount for Sum Assured over and above Rs 99,999 as mentioned below. For example, as per the tabular premium rates, the annual premium for a 30 year old male for a 25 year Policy for Rs 5 lakh Sum Assured comes to Rs 30,250 before the High Sum Assured Rebate. After the High Sum Assured Rebate, the premium is Rs 28,750.

Sum Assured Range High Sum Assured Rebate
Rs 100,000 - Rs 249,000 Rs 1 per 1,000 Sum Assured
Rs 250,000 - Rs 499,000 Rs 2 per 1,000 Sum Assured
Rs 500,000 - Rs 9,99,000 Rs 3 per 1,000 Sum Assured
Rs 10,00,000 and above Rs 4 per 1,000 Sum Assured

Can I take a loan against my Policy?
No loan is available under this Policy.
What happens if I discontinue paying premium?
During the first three years, if premiums are not paid within the grace period the Policy will lapse. After the first three years if premiums are not paid within the grace period, the Policy will be made 'Paid-up' and the Sum Assured will be reduced:
  • Firstly, in the proportion of completed duration to Original Policy Term
  • Secondly, by the amount of periodic lump sum payments already made
Any accumulated bonuses attached to this Policy will remain attached in full. Once this Policy becomes 'Paid-up', no further bonuses are paid. You will receive the 'Paid-up' Sum Assured plus bonuses on the maturity date of the Policy or in the event of loss of life. Once the Policy becomes 'Paid-up' no further Survival Benefits are paid.
What if I want to discontinue the Policy?
We provide you the option to surrender your Policy and receive the Surrender Value. If your Policy has accumulated any bonuses, then you will also receive the cash value of that total amount upon surrendering your Policy.

Your plan acquires a Surrender Value after three years premium has been paid and after three years have elapsed from date of commencement of the Policy. We guarantee a minimum Surrender Value of 30% of the total premiums paid (excluding any extra premiums and premiums for additional Benefits) subsequent to the first year premium, less the total of lump sum Survival Benefits already paid under this Policy. On surrender, the insurance protection provided under the Policy will also cease.
Can I revive a Policy which is lapsed?
A lapsed Policy can be reinstated for full Benefits anytime before the date of maturity at terms and conditions required by the Company.

General Exclusions

The Company will not pay any claim on death if the Life Assured, whether sane or insane, commits suicide within 12 months from the date of issue of this Policy or the date of any reinstatement of this Policy.

Disclaimer
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. UIN for Critical Conditions Rider: 121B003V01, Accidental Death & Total and Permanent Disablement Rider: 121C002V01, Reliance Cash Flow Plan: 121N001V01,Reliance Life Insurance Family Income Benefit Rider -121C015V01
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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).