Reliance Smart Cash Plus Plan

Reliance Smart Cash Plus Plan is a participating traditional Money Back plan with increasing survival benefits and wealth augmentation through bonuses and maturity additions while at the same time providing life insurance benefits

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  • Take the first step to ₹1 Crore
  • Plans delivering up to 18% CAGR
  • 100% online, Zero paperwork
  • Expert help at no extra cost
  • 4.8++ Rated
  • 15.8 Crore Registered Consumer
  • 53 Partners Insurance Partners
  • 7.16 Crore Policies Sold
In-Built life cover
Top performing plans˜ with High Returns**
Invest ₹10K/Month & Get ₹1 Crore# Tax-Free*
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Plans available only for people of Indian origin By continuing you agree to receive assistance and agree to our Privacy Policy, Terms of Use #For a 55 year on investment of 20Lacs
We are rated++
rating
15.8 Crore
Registered Consumer
53
Insurance Partners
7.16 Crore
Policies Sold
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.

Key Features

  • It is a regular pay Money Back Plan which promises full Sum Assured on Maturity irrespective of the Survival Benefits already received
  • High Sum Assured Additions for SA higher than 2.5 lakhs and bonuses increase the corpus
  • The survival benefits start at the end of the 4th year and thereafter paid after every 3 years
  • The survival benefits start at 10% of the SA and thereafter increase with every subsequent payment by 5%

Benefits

  • On Maturity, the policyholder gets the basic SA, fixed High SA Additions and bonuses if any
  • On death, the nominee gets higher of the basic SA or 10 times the annual premium + vested bonuses or 105% of total premiums paid if age is lower than 45 years and higher of basic SA or 7 times annual premium or 105% of all premiums paid if age is 45 years or above
  • Income tax benefit on the premium paid as per Section 80C and on claims received as per Section 10(10D) of the Income Tax Act.

Product Specification:

 

Minimum

Maximum

Entry Age (Last Birthday)

14 years

55 years

Maturity Age (Last Birthday)

24 years

70 years

Policy Term (PT) in years

10

22

Premium Paying Term (PPT) in years

Equal to policy term

Premium Paying Frequency

Annual, half-yearly, quarterly, monthly

Yearly Premium

Depends on term, age and SA chosen

Sum Assured

100,000

No limit

Details about Premium

Benefit Illustration for a 30 year male with Policy term 19 years for a premium of Rs.30,000

 

SA

Money back at 4th yr. @ 10%

Money back at 7th yr. @ 15%

Money back at 10th yr. @ 20%

Money back at 13th yr. @ 25%

Money back at 16th yr. @ 30%

High SA Addition

Vested Bonus

@ 4%

@ 8%

285,361

28,536

42,804

57,072

71,340

85,608

28,536

81,328

216,874

Policy Details

Grace Period: 15 days grace period is allowed for payment of premium in monthly mode and 30 days in 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 policy if first years’ premium is fully paid and after 3 completed policy years. The value will be the higher of Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV). SSV will be applicable if 3 full years’ premium has been paid

GSV = (GSV Factor * total premiums paid) – Survival benefits already paid + GSV Bonus Factor* vested bonuses

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.

Inclusions

  • Loan is available under the plan @ 80% of the Surrender Value

Additional Features or Riders

  • If the aggregate benefits are lower than the total premiums paid, the deficit is paid by the insurer
  • The Maturity value should be a minimum of 100.1% of total premiums paid

Exclusions

  • In case of suicide committed within 12 months of policy commencement, 80% of premiums paid is refundable and if committed within 12 months of policy revival, higher of 80% of premiums paid or the acquired Surrender Value is payable

Documents Required

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

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Disclaimer: Policybazaar Insurance Brokers Private Limited does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 1257 Reviews)

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Reliance Life Traditional Plans Reviews & Ratings

4.6 / 5 (Based on 1257 Reviews)
(Showing Newest 10 reviews)
Rohit
Italy, October 25, 2026
★★★★★
Planning for Children
I wanted to explore options for my child’s future while living overseas. The team helped me compare plans and understand their features.
Gaurav
Germany, October 25, 2026
★★★★★
Help with Basic Questions
I invested 1st time from policybazaar. Till now it is working good. I will recommend to my friends as well.
Anjali
France, October 25, 2026
★★★★★
Convenient Online Assistance
I got very good assistance even though i am from outside India. I found the online guidance useful and the process was easy to follow.
Varun
South Korea, October 25, 2026
★★★★★
Investment from Dubai
I am from dubai and wanted to invest in India. Karan (PW#####) helped me understand the process and gave useful support during my enquiry.
Rahul
Indonesia, October 25, 2026
★★★★★
Max Life Online Savings Plan
I explored Max Life Online Savings Plan as an option for my goals in India. The team helped me understand the benefits and conditions before making a decision.
Abhishek
Thailand, October 23, 2026
★★★★★
Long term planning
You can compare different plans at policybazaar and talk to agent for help. I buy a plan here and am very satisfied.
Kavita
Malaysia, October 23, 2026
★★★★★
ICICI Pru Signature
Policybazaar helped me buy a good plan for investment purpose. Do consider
Harish
Singapore, October 23, 2026
★★★★★
Star Union Dai-ichi Life eWealth Royale
Star union is a good plan for nris. Everyone should consider. Thank you pb for helping
Manish
UAE, October 23, 2026
★★★★★
Canara HSBC Life Promise4 Wealth Maximiser
I compared many plans and bought canara hsbc plan. The team explained the plan details and helped me understand the terms before I proceeded.
Pooja
Saudi Arabia, October 23, 2026
★★★★★
Clear Information
I needed clear information before choosing an investment plan. Vaibhav (PW#####) answered my basic questions and explained the process patiently.

˜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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