IndusInd Nippon Life Smart Savings Insurance Plan

Induslnd Nippon Life Smart Savings Insurance Smart Savings Insurance is a unit-linked savings plan that is provided to someone who wants to get rich without losing their financial security. It offers a loose way of managing investment and life cover throughout the policy term. It is suitable to different financial goals and degrees of risk aversion because the plan permits active fund management or the choice of automatic strategies.

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13.2 Crore
Registered Consumer
53
Insurance Partners
6.29 Crore
Policies Sold

List of ULIP Funds ~
Fund Name
AUM
Returns (in %)
3 Year
5 Year
10 Year
11,974 Cr
Returns
11.4%
Returns
10.73%
Returns
12.16%
Highest Returns
Get Details
34,475 Cr
Returns
17.63%
Highest Returns
Returns
14.37%
Returns
14.73%
Get Details
13,736 Cr
Returns
25.01%
Highest Returns
Returns
19.93%
Returns
18.81%
Get Details
3,457 Cr
Returns
13.86%
Highest Returns
Returns
13.3%
Returns
12.6%
Get Details
10,579 Cr
Returns
18.62%
Returns
21%
Returns
22%
Highest Returns
Get Details
5,492 Cr
Returns
16.38%
Highest Returns
Returns
13.62%
Returns
14.42%
Get Details
5,426 Cr
Returns
19.82%
Highest Returns
Returns
17.44%
Returns
16.29%
Get Details
4,838 Cr
Returns
14.31%
Highest Returns
Returns
13.04%
Returns
13.72%
Get Details
3,206 Cr
Returns
15.03%
Returns
13.23%
Returns
15.26%
Highest Returns
Get Details
0 Cr
Returns
18.32%
Highest Returns
Returns
12.06%
Returns
14.16%
Get Details
1,419 Cr
Returns
7.86%
Returns
8.17%
Returns
9.81%
Highest Returns
Get Details
0 Cr
Returns
21.14%
Highest Returns
Returns
11.81%
Returns
16.13%
Get Details
422 Cr
Returns
11.26%
Returns
10.85%
Returns
13.9%
Highest Returns
Get Details
498 Cr
Returns
11.03%
Returns
10.12%
Returns
11.27%
Highest Returns
Get Details
136 Cr
Returns
11.66%
Returns
11.72%
Returns
13.08%
Highest Returns
Get Details
5 Cr
Returns
9.12%
Returns
9.28%
Returns
10.71%
Highest Returns
Get Details
206 Cr
Returns
12.81%
Returns
13.38%
Highest Returns
Returns
13.26%
Get Details
2,685 Cr
Returns
7.87%
Highest Returns
Returns
6.4%
Returns
-
Get Details
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Disclaimer :
˜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 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

Eligibility Criteria for the IndusInd Nippon Life Smart Savings Insurance Plan

Criteria Minimum Maximum
Entry Age 1 year 60 years (varies by option)
Maturity Age 18 years 70 years
Premium Payment Term 5 years Regular pay (equal to policy term)
Policy Term 10 years 30 years
Minimum Premium ₹48,000 yearly No upper limit
Sum Assured 7 times annual premium As per underwriting
Premium Frequency Yearly / Half-Yearly / Monthly -
Eligible Individuals Residents of India -
Plan Type Unit-Linked Insurance Plan (ULIP) -

Features of the IndusInd Nippon Life Smart Savings Insurance Plan

Some of the key features of the IndusInd Nippon Life Smart Savings Insurance Plan include:

  • This plan offers a choice between self-managed and auto-managed investment options, allowing you to control or automate your investments based on your preference.
  • It provides flexibility in premium payments, where you can choose to pay for 5, 7, 10 years or throughout the policy term.
  • The plan includes life insurance cover of at least seven times the annualised premium, ensuring financial protection for your family.
  • It also offers loyalty additions and wealth boosters that help enhance fund value over the long-term.
  • You can switch between funds and adjust your investment strategy based on market conditions and your changing financial goals.

If you want to explore more options from the same insurer, you can check other plans offered under Reliance Life Investment Plans to compare features and benefits.

Benefits of the IndusInd Nippon Life Smart Savings Insurance Plan

The IndusInd Nippon Life Smart Savings Insurance Plan offers both savings and protection benefits. It is suitable for individuals looking for long-term wealth creation along with life insurance coverage.

  • Maturity Benefit: Once your policy is completed, the fund value will be paid out as a lump sum or as some form of systematic payouts according to your choice.
  • Death Benefit: Even when the life assured in the policy is one of the three sums assured, the fund value and 105% of the total premiums paid will be offered to the nominee.
  • Wealth Creation: The plan brings with it a chance to increase your investments by creating wealth based on market-linked returns, besides other perks such as loyalty additions and wealth boosters.
  • Liquidity Benefits: You receive some benefits in the form of partial withdrawals after the lock-in period, to take up emergency funds.
  • Flexibility: You can choose investment strategies and switch between funds to align with your financial goals over time.

*There are no riders attached to this plan*.

Invest more and Get more with ULIP Plan Invest more and Get more with ULIP Plan

Policy Details of the IndusInd Nippon Life Smart Savings Insurance Plan

The policy details should be known because they guide you to make better decisions in using an IndusInd Nippon Life Smart Savings Insurance Plan.

  1. Grace Period

    A grace period is provided after the premium due date, allowing you to continue the policy without immediate lapse.

  2. Revival

    The policy can be revived within three years from the date of the first unpaid premium by paying all due premiums.

  3. Free Look Period

    You can review the policy within 15 days (30 days for distance marketing) and return it if you are not satisfied.

  4. Surrender

    You can surrender the policy; however, the fund value is payable only after completion of the five-year lock-in period.

  5. Fund Switching

    The plan may switch funds and even switch investment strategies during the policy term.

You can also review different investment plans available in the market to choose an option that aligns with your long-term financial goals.

Exclusions Under the IndusInd Nippon Life Smart Savings Insurance Plan

Suicidal Cover: The benefit will be paid according to the terms of the policy in case the life insured dies of suicide during the period of 12 months after the commencement or the revival of the policy.

Fund Name NAV sort icon AUM sort icon 5 Yr Returns sort icon 10 Yr Returns sort icon
Bandhan Life Debt Fund ₹39.39 ₹91 Cr 5.14% 6.58%
Bandhan Life Secure Fund ₹28.49 ₹50 Cr 5.07% 4.57%
Bandhan Life Blue Chip Equity Fund ₹30.7 ₹192 Cr 11.13% 11.46%
Bandhan Life Stable Fund ₹32.62 ₹15 Cr 7.26% 8.85%
Bandhan Life Accelerator Fund ₹47.79 ₹206 Cr 13.02% 13.08%
Bandhan Life Opportunity Fund ₹39.87 ₹225 Cr 17.28% -
Bandhan Life Pension Debt Fund ₹31.36 ₹4 Cr 5% 6.39%
Bandhan Life Pension Enhanced Equity ₹112.47 ₹16 Cr 13.3% 12.94%
Bandhan Life Pension Nifty 500 Momentum Quality 50 Index Fund ₹9.93 ₹3 Cr - -
Aegon Balanced ₹44.79 ₹12 Cr 7.59% 9.06%
Aegon Enhanced Equity ₹69.69 ₹110 Cr 13.08% 12.74%
Aegon Pension Balanced ₹51.18 ₹2 Cr 8.41% 9.55%
Aegon Pension Index ₹85.74 ₹6 Cr 8.58% 10.9%
Aegon Pension Secure ₹28.35 ₹1 Cr 4.46% 4.97%
Aegon Life Group Equity Fund ₹59.88 ₹13 Cr 14.03% -
Bandhan Life Flexi Cap Fund ₹11.17 ₹85 Cr - -
Bandhan Life Mid Cap Fund ₹10.17 ₹71 Cr - -
See more plans

FAQs

  • Are there charges that apply under the IndusInd Nippon Life Smart Savings Insurance Plan?

    Yes, similar to the majority of the ULIPs, the charges to be imposed on the plan are fund management charges, policy administration charges and mortality charges. They are used according to the policy conditions.
  • Is the IndusInd Nippon Life Smart Savings Insurance Plan market-based?

    Yes, it is a ULIP, hence performance depends on the performance of the funds one picks.
  • Is it possible to borrow money in the course of the policy?

    Yes, it is possible to make part withdrawals after five years of lock-in.
  • Who should consider the IndusInd Nippon Life Smart Savings Insurance Plan?

    This plan will be appropriate for those who want to invest their money over a long period with life insurance and flexibility in the management of their funds.
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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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Reliance Life ULIP Plans Reviews & Ratings

4.6 / 5 (Based on 1286 Reviews)
(Showing Newest 10 reviews)
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Kotak E Invest plus Policybazaar equal Win
Best combo. Policybazaars help made it stress free.
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Promise for Growth Plus Is Understated
It quietly delivers what it promises. Good pick.
Meera
Vellore, June 20, 2025
Click to Invest Makes Investing Fun
Simple UI digital first and a great entry level product.
Nikhil
Shimla, June 19, 2025
Goal Assure IV Seems Tailored for Me
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Policybazaar Helped Me Choose Confidently
Smart Fortune Plus was explained so well. Really appreciated the clarity.
Nidhi
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Birla Wealth Smart Plus Has Solid Features
Low charges and good growth options. Very happy.
Siddharth
Kochi, May 10, 2025
Pramerica Smart Invest Was a Pleasant Surprise
Didnt expect it to be this flexible. Great choice.
Aisha
Kolkata, April 09, 2025
ICICI Signature Plan Was a Smart Decision
Liked the balance between life cover and returns
Raghav
Ahmedabad, April 08, 2025
LIC Index Plus is a No Brainer
Safe low risk and time tested. I didnt have to think twice.
Amit
Guwahati, March 26, 2025
Reliable and Safe Investment
Policybazaar is reliable for investment. HDFC Life Dynamic Advantage Fund performs well and is safe for long term.


˜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 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

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