In Unit Linked Insurance Policies, the investment risk is borne by the policyholder. These insurance products do not offer any liquidity in the first 5 years, as they have a mandatory lock-in period of 5 years. During this period, the policyholder cannot fully or partially withdraw the invested amount or surrender the policy.

Reliance Classic Plan II

Reliance Classic Plan II is a unit linked non-participating Endowment Assurance Plan through which the policyholder can save for future requirements and augment his savings through market participation of funds invested.

ULIP Plans

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Plans delivering up to 18% CAGR
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4.8⁺⁺ Rated
17.3 Crore Registered Consumer
55 Partners Insurance Partners
7.7 Crore Policies Sold

In-Built life cover

Top performing plans^˜ with High Returns^**

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17.3 Crore

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7.7 Crore

Policies Sold

Key Features

The premium paid can be invested in a choice of 5 funds as per the policyholder’s risk appetite namely:
- Life Equity Fund 3
- Life Corporate Bond Fund 1
- Life Money Market Fund 1
- Life Pure Equity Fund 2
- Life Balanced Fund 1
The premiums can be paid regularly or through Single Pay
The policyholder can average out his risks through Systematic Transfer Plan option under which the units are systematically transferred from low risk to high risk funds at different intervals

Benefits

The maturity Value will be the Fund Value including top-up fund value if any
On death, higher of the Sum Assured or Fund Value + higher of Top-up SA or Top-up Fund Value is paid subject to a minimum of 105% of all premiums paid till death
Additional Sum Assured is paid in case of accidental death
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)	7 years	60 years
Maturity Age (Last Birthday)	22 years	75 years
Policy Term (PT) in years	15	30
Premium Paying Term (PPT) in years	Equal to policy term or Single Pay
Premium Paying Frequency	Yearly, half-yearly, quarterly, monthly
Yearly Premium	Regular Pay – 15,000 Single Pay – 75,000	No limit
Sum Assured	Regular pay – higher of 10 times annual premium or 0.5policy termannual premium (if age<45 yrs.) Or Higher of 7 times annual premium or 0.25policy termannual premium (if age >45 yrs.) Single pay – 125% of single premium (if age<45 yrs.) or 110% of single premium (if age >45 yrs.)	Regular pay – 7-50 yrs.-30 times annual premium 51-55 yrs.- 25 times annual premium 56-60 yrs.-20 times annual premium Single Pay – 7-30 yrs. (policy term 15-30 yrs.) – 6 times annual premium 31-40 yrs.(policy term 15-25 yrs.) – 5 times annual premium 31-40 yrs. (policy term 26-30 yrs.) – 3 times annual premium 41-50 yrs. (policy term 15-25 yrs.) – 5 times annual premium 41-50 yrs. (policy term 26-30 yrs.) – 2 times annual premium 51-60 yrs. (policy term 15-24 yrs.) – 2 times annual premium

Details About Premium

Benefit Illustration for a male aged 30 years with a 15 year policy term

Annual Premium	SA	Fund at the end of 6 years		Fund at the end of 10 years		Fund at maturity
Annual Premium	SA	@ 4%	@ 8%	@ 4%	@ 8%	@ 4%	@ 8%
50,000	500,000	298,561	342,510	527,262	658,002	853,078	11,88,068

Fund Name	NAV	AUM	5 Yr Returns	10 Yr Returns
Bandhan Life Debt Fund	₹40.43	₹91 Cr	5.29%	6.17%
Bandhan Life Secure Fund	₹29.11	₹48 Cr	5.32%	4.49%
Bandhan Life Blue Chip Equity Fund	₹30.58	₹189 Cr	7.9%	11.05%
Bandhan Life Stable Fund	₹32.84	₹14 Cr	5.58%	8.44%
Bandhan Life Accelerator Fund	₹47.94	₹195 Cr	9.63%	12.65%
Bandhan Life Opportunity Fund	₹40.61	₹238 Cr	13.5%	-
Aegon Balanced	₹44.69	₹12 Cr	5.91%	8.6%
Aegon Enhanced Equity	₹69.04	₹104 Cr	9.77%	12.31%
Aegon Pension Balanced	₹51.04	₹2 Cr	6.79%	9.12%
Aegon Pension Debt	₹32.13	₹4 Cr	5.12%	5.97%
Aegon Pension Enhanced Equity	₹112.62	₹15 Cr	10.21%	12.6%
Aegon Pension Index	₹85.61	₹5 Cr	5.89%	10.7%
Aegon Pension Secure	₹28.96	₹1 Cr	4.73%	4.91%
Aegon Life Group Equity Fund	₹59.57	₹11 Cr	10.78%	-
Bandhan Life Flexi Cap Fund	₹11.21	₹98 Cr	-	-

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Policy Details

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:the policyholder can surrender the policy after 5 completed policy years, and Financial planning benefits from the best SIP in India when aligning long-term investment decisions with liquidity needs. The fund value on the date of surrender will be paid. If surrendered before completion of 5 policy years, the fund value net of charges will be credited to the Discontinued Policy Fund where it will earn a guaranteed interest of 4% p.a. compounded annually. After 5 years is completed, the resultant Fund Value will be paid to the policyholder.
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

52 free switches are allowed per policy year
The policyholder can redirect future premiums towards another funds through Premium Redirection option
After 5 completed years, the policy benefits can be transferred to another plan

Additional Features or Riders

There is an inbuilt Accidental Death Benefit rider which pays additional SA on death due to accident
Top-ups are allowed under the plan and the SA is increased after the top-up @ 125% or 110% of the top-up premium paid if age is less than or greater than 45 years respectively
Partial Withdrawals are allowed after 5 completed policy years and also from top-up funds 5 years after the top-up payment
The policyholder can choose to receive the maturity benefit in 5 equal instalments over 5 years post maturity through the Settlement Option

Exclusions

In case of suicide committed within 12 months of policy inception, only the Fund Value as on that date 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

4.6 / 5

(Based on 1274 Reviews)

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Reliance Life ULIP Plans Reviews & Ratings

4.6 / 5 (Based on 1274 Reviews)

(Showing Newest 10 reviews)

Nishant

New Zealand, November 05, 2026

★★★★★

Overall Service Experience

Good experience with pb. Process was little slow but i am happy with my plan

Devang

Australia, November 05, 2026

★★★★★

Support for First-Time NRI Investor

This was my first time buying investment plan from abroad and policybazaar helped me. Good policy they gave me

Ayesha

Canada, November 02, 2026

★★★★★

Reviewing Policy Terms

Kotak einvest plus is what i picked after almost a week of comparing plans policybazaars comparison tool actually helped a lot saved me time no regrets so far

Tarun

UK, November 02, 2026

★★★★★

NRI Investment Enquiry

Policybazaar is a good place to compare different plans.

Kunal

USA, November 02, 2026

★★★★★

Good Communication

I got clear answers to my doubts. It was helpful to get guidance without visiting India. kudos

Prateek

Chennai, November 02, 2026

★★★★★

Savings While Working Abroad

I wanted to keep investing in India while working overseas. The online assistance was useful and helped me understand the process.

Sangeeta

Bhopal, October 31, 2026

★★★★★

Very Pleased With Service

Bharti axa efuture invest plan policybazaar advisor helped me understand fund allocation properly which i was struggling with on my own overall a good experience buying this ulip

Rohit

Ranchi, October 30, 2026

★★★★★

Fine Plan So Far

edelweiss life wealth plus rising star took it few months back too early to comment on returns but the buying process through policybazaar was quick and painless

Chitra

Indore, October 29, 2026

★★★★★

Amazing Support Throughout

generali central easy invest online plan works well for my monthly savings goal policybazaar advisor followed up even after purchase to check if everything is fine nice touch

Mohit

Argentina, October 28, 2026

★★★★★

Planning for Future Needs

I was looking for an investment option for future needs in India. I will recommend policybazaar for everyone who do not have any idea what to buy.

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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
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.
*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