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
| 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.
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.
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