Reliance Bluechip Savings Insurance Plan is a traditional participating Endowment Plan which also promises guaranteed additions to increase the corpus. It also provides life insurance coverage along with the savings feature
|
|
Minimum |
Maximum |
|
Entry Age (Last Birthday) |
8 years |
60 years |
|
Maturity Age (Last Birthday) |
18 years |
75 years |
|
Policy Term (PT) in years |
10 |
15 |
|
Premium Paying Term (PPT) in years |
5 / 7 / 10 |
|
|
Premium Paying Frequency |
Annual, half-yearly, quarterly, monthly |
|
|
Yearly Premium |
15,000 (depends on age, term and PPT) |
No limit |
|
Sum Assured |
77,905 |
No limit
|
Annual premium in Rupees for PPT 7 years and SA 1 Lakh
|
Age / Policy Term |
10 |
11 |
12 |
13 |
14 |
15 |
|
30 |
24,081 |
23,786 |
23,691 |
23,197 |
22,901 |
22,605 |
|
40 |
24,632 |
24,408 |
24,141 |
23,958 |
23,745 |
23,537 |
|
50 |
NA |
NA |
26,145 |
26,116 |
26,110 |
26,104 |
Grace Period: 15 days grace period is allowed for payment of premium in monthly mode and 30 days for other modes. If policyholder fails to make payment within the grace period, the policy lapses
Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the plan. The Surrender Value will be higher of the Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV).
Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.
Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and required KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.
