Reliance Life Super Endowment Plan

The key benefits of Reliance Super Endowment Plan:

• Life cover: If during the policy, the person who’s life’s been covered under the plan. The company will pay the basic sum assured to the nominee of the policy, provided the premiums due have been paid and the policy is still in force. The policy terminates on payment of death benefit.
• Maturity Benefit: If the person whose life’s been covered under the plan survives the term of the policy, the Company will then pay the basic sum assured, provided the policy is in force and all premiums due have been paid. The policy terminates on payment of maturity benefit
• Rider Benefits: There are many optional rider benefits that are available during the premium paying term only. If these riders are opted for by the policyholder on payment of additional premium over and above the base premium provided conditions on riders (entry age, policy term, sum assured) are satisfied.

Eligibility:

The eligibility terms of this plan:

The policy details:

* Please note: The premium paying term is half of the selected policy term under this plan.

How does this plan work?

Under the , all you need to pay are the premiums for half of the selected policy term. Basic sum assured will be payable at maturity, but in case of the unfortunate death of the policyholder during the there will be a death cover available throughout the policy term.

Let's take an example:

Naveen purchases Reliance Super Endowment Plan and chooses a policy term of 20 years. And he makes premium payment term of 10 years and Sum Assured amount of Rs. Rs. 889,996.

He makes this premium payment annually of Rs. 50,000 p.a. which are exclusive of taxes, assuming that Naveen is in good health, and survives the policy term he receives maturity benefits at the end of the Policy term. In the unfortunate event of demise of the policyholder, his nominee gets the Protection Benefit as described above

Premium Payment:

Let’s take the example of the below table that shows an annual premium on a monthly mode, without service tax & education cess, for basic sum assured of Rs. 1,00,000:

* Please note: The premium paying term is half of the selected policy term under this plan.

Riders:

The riders available along with this plan is:

• Reliance Term Life Insurance Benefit Rider
• Reliance New Major Surgical Benefit Rider
• Reliance New Critical Conditions Benefit Rider
• Reliance Life Insurance Family Income Benefit Rider
• Reliance Accidental Death and Total and Permanent Disablement Rider.