Terms & Conditions
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  • **Returns guaranteed by the insurer
  • *** Tax adjusted Returns - assuming 30% tax bracket

Reliance Money Multiplier Plan

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Reliance Money Multiplier Plan is a non-participating Endowment Policy that provides Guaranteed Benefits at maturity to build up a strong corpus for future financial needs. 

Key Features of Reliance Money Multiplier Plan 

  • Traditional Endowment plan
  • Regular premium payment option
  • Guaranteed Loyalty Additions: Every year correspond to the policy year like 1% in 1st year, 2% in 2nd year, 3% in 3rd year and so on Guaranteed Loyalty Additions shall be applicable.
  • Guaranteed maturity additions are paid out on Maturity
  • Increasing Guaranteed Additions with the policy term
  • Double the sum assured is paid in case of death. 

Benefits of Reliance Money Multiplier Plan 

  • On Maturity, the policyholder gets:
    • Sum Assured
    • Guaranteed Loyalty Additions
    • Guaranteed Maturity Additions which is a equal of 1% x policy term x  sum assured
    • On death, the nominee gets:
    • Higher of twice the sum assured or 10 times the annualised premiums or 105% of all the premiums paid till death + Accrued Guaranteed Loyalty Additions, if any.
    • Income tax benefit on the premium paid as per Section 80C and on the claim received as per Section 10(10D) of the Income Tax Act. 

Product Specification of Reliance Money Multiplier Plan




Entry Age (Last Birthday)

18 years

55 years

Maturity Age (Last Birthday)

28 years

75 years

Policy Term (PT) in years

10 / 15 / 20

Premium Paying Term (PPT) in years

Equal to policy term

Premium Paying Frequency

Annual, half-yearly, quarterly, monthly

Yearly Premium

Depends on SA, age and term

Sum Assured


No limit


Details About Premium

Annual premium in Rupees for SA of 1 lakh and policy term 20 years






Premium (in Rs.)






Policy Details of Reliance Money Multiplier Plan 

Grace Period: A grace period of 15 days is allowed for payment of premium in monthly mode and 30 days for other modes. If the policyholder fails to make payment within the grace period, the policy will lapse. 

Policy Termination or Surrender Benefit: The policyholder is allowed to surrender the plan after 3 full policy years, provided the first year’s premium is paid. The Surrender Value will be higher of the Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV). 

GSV = (GSV factor for premiums x total premiums paid) 

SSV = (Surrender Value Factor x Paid-up Sum Assured 

Free Look Period: If the insurance holder is not pleased with the coverage, and the terms and conditions of the policy, you have the option of canceling the policy within 15 days of receiving the policy documents, provided there has been no claim. 


The policy provides a loan benefits @ 80% of the Surrender Value 

Additional Features or riders 

There is a high Sum Assured discount for coverage above Rs. 1 lakh. 


If suicide is committed within 12 months of policy commencement, 80% of premiums paid are refundable and if the suicide is committed within first 12 months of policy reinstatement, higher of 80% of premiums paid till date or the acquired surrender value is payable 

Documents Required for Reliance Money Multiplier Plan 

The policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and required KYC documents. Medical examinations may be required in some cases, based on the sum assured and the age of the person. 

You may also like to read: Reliance Life Investment Plan

Frequently Asked Questions:

Q.1) What are the triple survival benefits under the plan?

This plan provides triple survival benefits on maturity:

  1. Basic Sum Assured
  2. Accrued Guaranteed Loyalty Additions
  3. Guaranteed Maturity Additions 

Q.2) What happens if I discontinue paying premiums? 

If you discontinue your premium payments, then it may have two consequences: 

  1. The Policy will Lapse: If less than three years' premiums have been paid and you decide to stop paying further premiums, the policy shall lapse at the end of the grace period with no benefits payable.
  2. The plan will become a Paid-up Policy: If you discontinue your premium payments after three years’ full payments have been made, then your plan shall convert into a paid-up policy.

Q.3)  What if I want to renew a paid-up or lapsed policy?

In order to reinstate a paid-up or lapsed policy, you will have to pay the arrears of premiums along with interest at prevailing rate of interest, within the policy renewal period. If the basic plan is renewed, rider benefits can be renewed by paying the arrears of premiums under the rider covers with interests at a prevailing interest rate. The renewal of the policy and riders, if any, will be subject to satisfactory medical and financial underwriting. 

The current rate of interest is 9% p.a. 

Q.4) Can I avail loan advantages under this plan?        

Yes, you can avail loan benefits under the plan. The maximum loan amount disbursed cannot exceed 80% of the surrender value under the basic plan. The interest on the loan is payable at prevailing rate of interests. The existing rate of interest on the policy loans is of 9% p.a. If at any time during the policy term, the sum of the loans outstanding and the interests on the loan outstanding exceed 95% of the surrender value, then the policy will be terminated by recovering the loan outstanding and interest on loan outstanding from the surrender value. 

Q.5) Are there any additional taxes payable for this plan?

The company may decide to charge additional taxes as per current ruling body or the regulatory authority. Anytime the company decides to pass on the additional taxes to the policyholder, the method of collection of these taxes shall be notified to them in advance, and the premium payments would be adjusted accordingly. 

Q.6) How are the taxes levied under the plan?

All the taxes levied under the plan shall be as per the current Income Tax Laws. The service taxes and education cess fee shall be additionally charged as per the rates applicable. The tax laws are subject to amendments from time to time. 

Q.7) What is the Reliance Family Income Benefit Rider?

Reliance Family Income Benefit Rider is an add-on features that provides 1% (every month) or 12% (every year) of the rider sum assured to the beneficiary. This benefit can be availed only in case of accidental death or total or permanent disability of the policyholder. 

fixed deposit with life cover
Written By: PolicyBazaar - Updated: 15 September 2016