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.
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
| 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) | - |
Some of the key features of the IndusInd Nippon Life Smart Savings Insurance Plan include:
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.
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.
*There are no riders attached to this 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.
A grace period is provided after the premium due date, allowing you to continue the policy without immediate lapse.
The policy can be revived within three years from the date of the first unpaid premium by paying all due premiums.
You can review the policy within 15 days (30 days for distance marketing) and return it if you are not satisfied.
You can surrender the policy; however, the fund value is payable only after completion of the five-year lock-in period.
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.
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 |
AUM |
5 Yr Returns |
10 Yr Returns | |
|---|---|---|---|---|---|
| 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 | - | - |

˜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
*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