Induslnd Nippon Nishchit Bhavishya Plan

Induslnd Nippon Nishchit Bhavishya, also known as IndusInd Nippon Life Nishchit Bhavishya, is a non-linked, non-participating individual savings life insurance plan. It combines guaranteed income benefits with life insurance protection, enabling policyholders to build long-term financial stability. The plan offers flexibility through two variants that provide regular income, money-back benefits, and a lump-sum maturity payout. Such features enable individuals to plan for future expenses, such as marriage or retirement.

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17.3 Crore
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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.

Eligibility Criteria for the Induslnd Nippon Nishchit Bhavishya Plan

Criteria Minimum Maximum
Entry Age 5 years 50 years
Premium Payment Term (PPT) 8 years 12 years
Policy Term 24 years 42 years
Age At Maturity 74 years 92 years
Minimum Premium

₹34,500 No Limit (Subject To Underwriting Policy)
Premium Payment Frequency Yearly, Half-Yearly, Quarterly, Monthly

Features of the Induslnd Nippon Nishchit Bhavishya Plan

Here are the primary features of the Induslnd Nippon Nishchit Bhavishya Plan:

  • Two Plan Variants: Policyholders will be allowed to choose two variants based on their financial goals.
  • Better Death coverage on payment of premiums: The plan also offers greater life insurance cover during the period of paying the premiums.
  • Premium payment option- limited: It is possible to pay the premiums on an 8, 10 or 12-year basis during which the benefits can be enjoyed within the policy term.
  • Increasing Income Benefits: The amount of income paid out is growing at a basic rate of 5 per annum to enable it to cope with the increment in the cost of living.
  • Guaranteed Benefits: The plan provides such guaranteed payout like income benefits, money-back benefits and maturity payouts.
  • Optional Rider Protection: Riders can also be added to reinforce insurance coverage. Because of its guaranteed structure and long-term savings potential, Induslnd Nippon Nishchit Bhavishya is often considered among the reliable Reliance Life Investment Plans.

Benefits of the Induslnd Nippon Nishchit Bhavishya Plan

Here are the core benefits that make this policy a structured savings and protection solution:

  • Death Benefit: Upon the unfortunate death of the policy term, the nominee is granted the greater of:
    • Sum assured on death.
    • 132% of total premiums paid

    During the premium payment term, the death benefit is calculated as the higher of:

    • 11 times the annualised premium
    • 2 times the base sum assured
    • After the premium payment term, the benefit may also include the base sum assured plus fixed loyalty additions.
  • Survival Benefit: The plan will provide survival benefits as per the choice of the variant.

    Variant 1

    • The benefits of income commence upon expiry of the premium.
    • The rise in annual income is 5% a year until one year before the maturity of the policy.

    Variant 2

    • Money-back benefits are received in the 4 th and 8 th policy years.
    • The income benefits begin upon the 12 th year and grow yearly.
  • Maturity Benefit: In case the assured, who is alive, lives to the end of the policy term, the policyholder receives:
    • Base sum assured
    • Fixed loyalty addition

    These benefits help policyholders accumulate wealth over time, making the plan one of the best investment plans for individuals seeking guaranteed income and maturity benefits.

Riders Under the Induslnd Nippon Nishchit Bhavishya Plan

Riders enhance the policy's coverage. Let us explore the additional protection options available.

  1. Additional Financial Protection

    The base policy can be enhanced by adding riders to enhance the comprehensive insurance cover.

  2. Accidental Death Coverage

    Some riders will offer an extra payout in case the life assured dies because of an accident.

  3. Disability Protection

    Others provide financial assistance in the event of total or permanent disability.

  4. Critical Illness Coverage

    Riders could also grant lump-sum benefits in case the insured is diagnosed with definite critical illnesses.

  5. Flexible Coverage Options

    The policyholders will be able to choose the riders depending on their coverage requirements, given the underwriting rules of the insurer.

Policy Details of the Induslnd Nippon Nishchit Bhavishya Plan

Understanding operational policy details helps policyholders manage their coverage efficiently.

  1. Grace Period

    There is a grace period during which the due premiums are paid past the premium due date. The policy is carried on without ceasing at this time.

  2. Revival

    If the policy lapses due to non-payment of premiums, it can be revived within the specified revival period by paying outstanding premiums along with applicable interest.

  3. Free Look Period

    Policyholders receive a 30-day free look period from the date of receiving the policy document. If dissatisfied, they can return the policy and receive a refund after applicable deductions.

  4. Surrender

    Upon obtaining a surrender value, the policy may be surrendered according to the terms of the policy of the insurer.

  5. Loan

    Depending on the terms of the insurer, any policy which obtains a surrender value may be entitled to policy loans.

Exclusions Under the Induslnd Nippon Nishchit Bhavishya Plan

Insurance policies include certain exclusions. Let us review the key exclusions applicable under this plan.

  1. Suicidal Cover

    In case the life assured commits suicide within 12 months of starting or reviving the policy, the nominee will receive the greater of:

    • 80% of total premiums paid, or
    • The surrender value is presented.
  2. Total Permanent Disability (TPD)

    The benefits of total permanent disability can only be provided in case one has chosen an extra disability rider.

FAQs

  • Is a minor's life assured in Induslnd Nippon Nishchit Bhavishya?

    Yes. The execution plan will accept entry at age 5. In case the policy is issued on a minor, the policy itself is automatically transferred to the life assured when he or she reaches 18, and then he or she becomes the policyholder.
  • Is it possible to impose any extra charges on higher payment frequencies of premiums?

    Yes. Frequency loadings can be used based on the mode of payment. Additional charges may be paid monthly, quarterly, and half-yearly payments in comparison to annual payments.
  • Is the purchase of the policy online as well as offline possible?

    Yes. Induslnd Nippon Nishchit Bhavishya can be purchased online, as well as offline, by using insurance advisors and the branch offices.
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˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar Insurance Brokers Private Limited does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^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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