Induslnd Nippon Smart Total Advantage Return Plan

Eligibility Criteria for the Induslnd Nippon Smart Total Advantage Return Plan

Features of Induslnd Nippon Smart Total Advantage Return

Below are the key features of the Induslnd Nippon Smart Total Advantage Return Plan:

• Life Insurance Protection: The scheme offers financial stability to the family by way of life cover over a definite period of the policy or 100 years.
• Cash Bonus Income: The policyholders can get annual cash bonuses beginning with the first year of the policy, based on the performance of the company.
• Assured Loyalty Addition. (GLA): A lump-sum loyalty reward is paid upon completion of the premium payment term.
• Flexible Plan Variants: It has two available variants, which are Life Variant and Life Plus Variant and policyholders can make their choice depending on the requirements in terms of protection.
• Survival Benefit Options: As payouts, in a Survival Benefit Account (SBA), or as Paid-Up Additions, bonuses can be received.
• Multiple Premium Payment Options: Premiums can be paid annually, semi-annually, quarterly, or monthly.

These features help position Induslnd Nippon Smart Total Advantage Return among well-structured Reliance Life Investment Plans for disciplined long-term savings.

Benefits of the Induslnd Nippon Smart Total Advantage Return Plan

Here are the primary benefits that policyholders can receive under this plan.

• Death Benefit: Upon the death of the policyholder within the policy term, the nominee will get the amount of the higher of the Sum Assured on Death or 105% of the total premiums paid, and bonuses may be applied.
• Regular Survival Benefits: Cash bonuses can be made in the form of annual payments during the policy term in case the policy is still active.
• Guaranteed Loyalty Addition: A single lump sum benefit is given upon the expiry of the premium payments.
• Maturity Benefit: When the policyholder manages to live long enough to see the policy, he/she is given the assured base sum and terminal bonuses plus benefits accrued.
• Benefit Continuation (Life Plus Variant): The policy still persists even after the life assured has died. Being one of the best investment plan the heir receives the benefits in the future without any additional premium payment.

Riders Under the Induslnd Nippon Smart Total Advantage Return Plan

Riders enhance the coverage of the base policy by adding additional protection benefits. Here are the available rider options:

• Accidental Death Benefit Rider: Offers a sum of money as payment in the case of death as a result of an accident.
• Accidental Death and Disability Rider: Provides financial assistance in the event of an accidental death or permanent disability.
• Accidental Death and Disability Plus Rider: Offers disability benefits as well as waiver of future premiums.
• Critical Illness Rider: Offers a lump sum payout upon diagnosis of covered critical illnesses such as cancer, heart attack, or organ failure.

Policy Details of the Induslnd Nippon Smart Total Advantage Return Plan

1. Grace Period

   There is a grace period of 30 days (15 days in the case of monthly premium mode) that allows the payment of the premium to be late.

2. Revival

   The lapsed or paid-in policies may be revived in a certain period of five years by remitting the outstanding premiums and any interest charged.

3. Free Look Period

   The policyholders are allowed 30 days in which they can see the terms and cancel the policy after receiving the policy document.

4. Surrender

   The policy may be abandoned upon fulfilment of the minimum premium payment requirement. The surrender value comprises guaranteed or special surrender value as well as accumulated benefits.

5. Loan

   Once the policy has gained some surrender value, the policy loans can be taken up to 70% of the value of the surrender.

Exclusions Under the Induslnd Nippon Smart Total Advantage Return Plan

Suicidal Cover

In case of death by suicide within 12 months of the start of the policy or revival, the nominee gets a minimum of 80% of the total premiums paid or the value of the surrender, whichever is greater.