Reliance Life Investment Plans

Reliance Life Insurance offers a range of investment plans designed to cater to diverse financial goals and risk appetites. These plans are structured to provide both insurance coverage and investment opportunities, ensuring that policyholders can secure their financial future while also growing their wealth.

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Investment Plans

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Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

Best Reliance Investment Plan

  • Market-Linked Insurance Plans
  • Traditional Insurance Plans

Details of the Best Reliance Life ULIP Plans

Below are the best Reliance Investment Plan: 

Plan Names Entry Age  Minimum Investment Amount 
ULIP Plans 
Reliance Nippon Life Prosperity Plus 1 year  Regular/Limited Pay: ₹1,00,000 Single Pay: ₹5,00,000
Reliance Nippon Life Premier Wealth Insurance Plan 30 days  ₹2,00,000
Reliance Nippon Life Classic Plan II 7 years  ₹20,000
Reliance Nippon Life Increasing Income Insurance Plan  14 years  ₹15,000
Reliance Nippon Life Bluechip Savings Insurance Plan 8 years  ₹15,000
Reliance Nippon Life Fixed Savings 8 years  ₹25,000
  1. Reliance Nippon Life Prosperity Plus

    This is a Unit Linked Insurance Plan (ULIP), which combines life insurance coverage with market-linked investments. Here are the key features and benefits:

    • Life Insurance Protection: Provides financial security for your loved ones in case of your unfortunate demise during the policy term.

    • Investment Flexibility: Choose from various investment options to suit your risk appetite and financial goals.

    • Market-Linked Returns: Grow your wealth potentially through returns linked to the stock market.

    • Loyalty & Maturity Additions: Get rewarded for staying invested for a longer term with bonus units added to your fund.

    • Systematic Withdrawal Option: Access your accumulated funds periodically to meet your financial needs after a certain policy period.

    • Minimal Charges: No premium allocation charges and return of policy administration charges at maturity.

  2. Reliance Nippon Life Premier Wealth Insurance Plan

    Here are its features and benefits:

    • Life Cover: Choose the desired level of life insurance coverage to suit your family's protection needs.

    • Investment Options: Select an investment strategy that aligns with your risk tolerance.

    • Premium Payment Flexibility: Pay premiums in a single payment, limited payments over a set period, or regular payments throughout the policy term.

    • Partial Withdrawals: Access a portion of your accumulated funds after a certain policy period for emergencies (available after 5 years).

    • Wealth Boosters (starting from the 8th year): Receive additional units allocated to your policy as a loyalty benefit for staying invested (available for specific payment options).

    • Maturity Benefit: Receive a lump sum payout or opt for a structured payout to manage your finances after the policy term.

     
  3. Reliance Nippon Life Classic Plan II

    Reliance Nippon Life Classic Plan II is a unit-linked life insurance plan, designed to offer both investment and insurance benefits. Here are the features and benefits:

    • Choice of Funds: Invest your premiums in a variety of funds (typically 5-7) based on your risk appetite. Options may include equity funds, balanced funds, and debt funds.

    • Flexibility: Switch between funds (usually with a free allowance per year) to manage your investment strategy as market conditions change.

    • Top-ups: Increase your Sum Assured and investment amount by paying additional premiums (top-ups) after the initial policy year.

    • Systematic Transfer Plan (STP): Invest gradually by transferring a fixed amount regularly from a low-risk debt fund to a higher-risk equity fund, potentially averaging out the cost of your investment units.

    • Partial Withdrawals: Access a portion of your fund value after a lock-in period (typically 5 years).

    • Life Cover: Provides a death benefit to your nominee in case of your unfortunate demise during the policy term. The payout is typically the higher of the Sum Assured, fund value, or a guaranteed minimum amount (usually 105% of premiums paid).

    • Accidental Death Benefit: Some plans offer an additional Sum Assured payout in case of accidental death.

    • Tax Benefits: Premiums paid may be eligible for tax deduction under Section 80C of the Income Tax Act (subject to change). Maturity benefits may also be partially or fully tax-free under Section 10(10D).

Details of the Best Reliance Life Traditional Plans

Below are the best Reliance Investment Plan:

Traditional Plans 
Plan Names Entry Age  Minimum Investment Amount 
Reliance Nippon Life Smart Total Advantage 91 days ₹50,000
Reliance Nippon Life Nishchit Samrudhi Plus 0 years ₹1,00,000
Reliance Nippon Life Nishchit Bhavishya 5 years -
Reliance Nippon Life Smart Zindagi Plus 18 years  -
Reliance Nippon Life Super Bachat Plus Suraksha Plan 18 years  ₹30,000
Reliance Nippon Life Nishchit Samrudhi 7 years  -
Reliance Nippon Life Milestone Plan 0 years  ₹18,000
  1. Reliance Nippon Life Smart Total Advantage

    • Unit Linked Insurance Plan: This plan invests a portion of your premium in the market, offering the potential for higher returns compared to traditional plans.

    • Life Cover: Provides financial security for your family in case of your unfortunate demise.

    • Flexible Investment Strategy: You can choose how your premium is allocated among different investment funds based on your risk appetite.

    • Potential for Higher Returns: The market-linked investment component allows you to grow your wealth at a faster pace compared to guaranteed return plans.

    • Life Insurance Cover: Ensures your family's financial well-being in case of your death.

    • Investment Choice: You have control over how your money is invested, allowing you to align the plan with your risk tolerance.

  2. Reliance Nippon Life Nishchit Samrudhi Plus

    • Guaranteed Savings Plan: This plan offers guaranteed returns and bonuses, providing financial security and predictability.

    • Guaranteed Returns and Bonuses: You receive a fixed payout along with declared bonuses, ensuring a steady flow of income.

    • Policy Term of 15 or 20 Years: Choose a policy term that aligns with your financial goals.

    • Financial Security: Guaranteed returns provide peace of mind, knowing your investment will grow steadily.

    • Maturity Benefit: A lump sum payout at the policy's end term helps you achieve your long-term goals.

    • Enhanced Returns: Bonuses declared by the insurer can increase the overall returns from your investment.

  3. Reliance Nippon Life Super Bachat Plus Suraksha Plan

    This is a non-linked, non-participating individual savings life insurance plan. Here are its features and benefits:

    • Guaranteed Maturity Benefit: You receive a guaranteed sum of money at the policy's maturity.

    • Loyalty Addition Bonus: You earn bonus additions based on the plan's performance, which are declared every five years and paid at maturity.

    • Increasing Death Benefit: The death benefit increases every year throughout the policy term. You can choose between two plan options:

      • Option A: Death benefit is double the base sum assured initially and increases by 5% every year.

      • Option B: Death benefit is 1.5 times the base sum assured initially and increases by 5% every year.

    • Waiver of Premium Benefit (Optional Rider): This optional rider waives future premiums if you become totally and permanently disabled during the policy term.

    • Provides guaranteed returns at the end of the policy term through the guaranteed maturity benefit and loyalty additions.

    • Offers financial protection for your family in case of your unfortunate death through the increasing death benefit.

    • Helps you save for your future goals through regular premium payments.

    • Waiver of premium benefit (optional rider) ensures your policy stays active even if you are unable to pay premiums due to disability.

  4. Reliance Nippon Life Milestone Plan

    This is another individual life insurance plan that offers a combination of protection and savings. Here are its features and benefits:

    • Maturity Benefit: You receive a lump sum payout at the end of the policy term.

    • Milestone Benefit Payments (Optional Rider): You can receive pre-defined benefit payouts at specific milestones during the policy term (for example, at the child's education or wedding).

    • Death Benefit: Your family receives a death benefit in case of your unfortunate demise during the policy term.

    • Premium Waiver Benefit (Optional Rider): This optional rider waives future premiums if you become critically ill or disabled during the policy term.

    • Provides a lump sum amount at maturity to achieve your long-term financial goals.

    • Offers the flexibility to receive payouts at predefined milestones through the optional rider.

    • Offers financial protection for your family in case of your death.

    • Waiver of premium benefit (optional rider) ensures your family receives the benefits even if you are unable to pay premiums due to critical illness or disability.

  5. Reliance Nippon Life Increasing Income Insurance Plan

    This plan is designed to provide you with an increasing monthly income throughout your policy term and a death benefit for your family.

    • Two Income Options:

      • Income with Maturity Benefit: Receive regular monthly income that increases every year and a lump sum amount at maturity.

      • Only Income: Get a higher regular monthly income that increases every year, but no maturity benefit.

    • Increasing Income: Income starts at a fixed percentage of the sum assured (depending on the option chosen) and increases annually.

    • Maturity Benefit (Optional): Get twice the base sum assured as a lump sum at the policy maturity.

    • Riders Available: Enhance your coverage with optional riders like critical illness benefits, accidental death benefits, and family income benefits.

    • Flexible Premium Payment: Choose to pay premiums monthly, quarterly, half-yearly, or yearly.

    • Financial Security: Provides a guaranteed monthly income that grows with inflation, helping you meet your future expenses.

    • Income Protection: Ensures a steady stream of income for your dependents in case of your unfortunate demise.

    • Maturity Benefit (Optional): Provides a lump sum amount at maturity to fulfill your long-term financial goals.

    • Riders for Additional Coverage: Offers additional benefits like critical illness cover or income for your family in case of death due to accident or illness.

  6. Reliance Nippon Life Bluechip Savings Insurance Plan

    This plan focuses on building your savings while offering life insurance coverage.

    • Savings and Life Cover: Combines a savings component with a death benefit to protect your family financially.

    • Maturity Benefit: Receive a lump sum amount at policy maturity.

    • Tax Benefits: Premiums paid may qualify for tax deductions under applicable Income Tax laws.

    • Riders Available: Enhance your coverage with optional riders like accidental death benefits, disability benefits, and waiver of premium benefits.

    • Wealth Accumulation: Helps you save money systematically over the policy term.

    • Life Insurance Protection: Provides a financial safety net for your family in case of your death.

    • Tax Savings: Potential tax benefits on premiums paid can help you save on taxes.

    • Riders for Additional Coverage: Offers benefits like a lump sum payout in case of accidental death or waiver of future premiums if you become disabled.

  7. Reliance Nippon Life Fixed Savings

    Here are the features and benefits of Reliance Nippon Life Fixed Savings plan:

    • Guaranteed Maturity Benefit: You receive a guaranteed sum of money at the end of the policy term. This amount includes the sum assured you choose at the beginning, along with fixed additions that accrue every year. The fixed additions are:

      • 8% in year 1

      • 9% in year 2

      • 10% every year from year 3 onwards

    • Life Cover: This plan provides life insurance coverage for the entire policy term. In case of your death, your beneficiary will receive a death benefit amount. This is the higher of:

      • Sum assured on death (which can be a multiple of your annual premium)

      • Guaranteed sum assured on maturity

    • Flexibility: You can customize the plan with optional riders (additional benefits) to suit your needs. These riders include:

      • Critical Illness Rider: Provides a lump sum amount if you are diagnosed with a covered critical illness.

      • Family Income Benefit Rider: Provides a monthly income for your family in case of your death or disability.

    • Systematic Savings: The plan encourages you to save regularly by paying premiums over a chosen period.

    • Peace of Mind: Knowing exactly what you'll get at maturity allows for financial planning and security.

Conclusion

Reliance Life Investment Plans present a comprehensive solution for individuals seeking to balance their need for insurance protection with their desire for financial growth. By offering a diverse range of investment plans that cater to different life stages and financial objectives, Reliance Life Insurance ensures that policyholders can make informed decisions to secure their future. These plans are well-suited to help individuals achieve their long-term financial goals while providing peace of mind through robust insurance coverage.

Comparison Between
Fixed Deposits, Guaranteed Return Plans & Debt Mutual Fund
Guaranteed Return Plans, Fixed Deposits &
Debt Mutual Fund
Guaranteed Return Plans
Returns Before Tax
7.5% (TAX-FREE)
Returns After Tax
7.5%
Guaranteed Returns
Yes
Life Cover
Yes
Tax on Profit
Tax Free*
Risk
No Risk
awards
Still Better than FD’s and Debt Mutual Fund
Fixed Deposits
Returns Before Tax
7% (TAXABLE)
Returns After Tax
4.8%
Guaranteed Returns
Yes
Life Cover
No
Tax on Profit
Taxable
Risk
Low Risk
Debt Mutual Fund
Returns Before Tax
8% (TAXABLE)
Returns After Tax
5.5%
Guaranteed Returns
No
Life Cover
No
Tax on Profit
Taxable
Risk
High Risk
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*For annual premium upto ₹5 Lacs

FAQs

  • Is it good to invest in Reliance Nippon Life Insurance?

    Whether Reliance Nippon Life Insurance is a good fit for you depends on your individual needs and financial goals. Here's a breakdown to help you decide:
    • Established company: Reliance Nippon Life Insurance has a strong presence in the Indian market.

    • Variety of plans: They offer a wide range of plans, including term insurance, savings plans, and unit-linked plans ULIPs.

    • High claim settlement ratio: They boast a good claim settlement ratio, which means they have a history of paying out claims.

  • What is the Reliance Guaranteed Money Back plan?

    The Reliance Guaranteed Money Back plan is a traditional life insurance plan that offers guaranteed returns and survival benefits along with life cover.
    • Guaranteed maturity benefit with fixed additions increasing each year.

    • Survival benefits paid out periodically throughout the policy term.

    • Life cover for the entire policy term.

    • Option to add riders for additional benefits.

  • What is a life investment plan?

    There isn't a universally recognized term life investment plan. It could refer to two main categories:
    • Unit Linked Insurance Plans ULIPs: These combine insurance coverage with investment potential. A portion of your premium goes towards insurance, and the remaining amount is invested in market-linked funds.

    • Traditional life insurance plans: These plans like Fixed Savings or Guaranteed Money Back focus on providing guaranteed benefits and life cover, with potential for lower returns compared to ULIPs.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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Reliance Life Traditional Plans Reviews & Ratings

4 / 5 (Based on 23 Reviews)
(Showing Newest 10 reviews)
Mayank
Kaushambi, July 26, 2016
Investment plan
Reliance life insurance is the best insurers to buy the traditional plan because you guys provide the best deal in less investments. Policy coverage is huge and claims are easy to sanctioned by the help of the executives and staff members of the company.
Raman
Naubatpur, July 12, 2016
Traditional Policy
Traditional insurance policy is good policy which comes in less premiums and the returns are more. Policy coverage is good and claiming amount is big which simple to cleared. Service is fantastic which reduces paperwork and hassle free documentations.
Kamal
Babhleshwar, June 29, 2016
Good Plan
The traditional insurance plan i have has low premium and the service provided by the company members is fast and on time. Policy coverage is high and claims are easily sanctioned due to fast service facilitate by the executives.
Dharmesh
Indore, April 21, 2016
superb plan
I have the best policy plan from reliance life insurance. The benefits are many with low premiums. Policy coverage is 89%. Claims approx. Rs.38 L with easy procedure to get it. Good future investment which save taxes. Good behaviour of executives and staff members.
Eshu
Panipat, April 21, 2016
Satisfied
I Bought reliance life insurance and took traditional insurance policy plan. The policy is average and the coverage is 83%. The claims are normal but the premiums are low. The service is okay which provided by the staff members. Good future investment and tax cutter also. Satisfied.
Tarun
Dwarakanagar, April 21, 2016
Powerful Policy
Buy reliance life traditional plans. The policy coverage is ~93%. Services provided by executives is awesome. Claims are good and done without any interruption. Overall fine life insurance which have low premiums. Nice future investment and it saves taxes also.
Sumeet
Jaipur, April 21, 2016
Awesome Policy Plan
I have traditional plan from reliance life insurance. Policy coverage is 90% and the claims are Rs.39 L. Service is good and quick provided by the executives and staff members. But please improve your online services. Good future investment which saves taxes too. Nice work.
Rohit
Guwahati, April 21, 2016
Manageable
I bought reliance traditional policy plan. Policy coverage is 86% and the premium is low. Claims are ~Rs.36 L. Service is quick and even the web services are also nice and the behaviour of the staff is perfect even after buying policy. Good response.
Dinesh
Vellore, April 21, 2016
Very Nice
Policy has all benefits and the investments are also low. Around Rs.32 L is payback amount. Reliance life insurance provide me traditional plan which has nice facilities and the service is very quick. The service provided by the executives and staff members are really very good. The investment is good for future and it saves taxes also.
Kunal
Dwarka, April 21, 2016
Fantastic plan
I finally buy reliance life insurance traditional policy plan. Policy covers almost all cases and the amount of returns is around 39 L. Service provided by executives and staff members is fast and on time. Fantastic future investment which save taxes too. Good work guys.
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