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A New Traditional Product By Reliance Life Insurance
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- A New Traditional Product By Reliance Life Insurance
Reliance Life Insurance has launched a new traditional product which provides the benefits of long term security, periodic cash flow and savings to the customers who are looking for a simple insurance product. MUMBAI, 11th March 2014: A new traditional product 'Reliance Smart Cash Plus Plan' which provides a mix of long-term protection and savings, is launched by Reliance Life Insurance. It's a regular non-linked scheme that provides the benefit of guaranteed lump sum payment every three years.Â
The Chief Executive Officer of Reliance Life Insurance, Anup Rau, said that this plan is for those customers who are looking for a simple insurance product with guaranteed returns at regular intervals as it provides multiple benefits – periodic cash flow, long-term security and savings.Â
With every pay-out, this plan will offer guaranteed money back benefit. It helps the policyholders to take care of their raising needs at every stage of life. In financial year 2013, the business premium along with renewal premium of Reliance Life Insurance which is a part of Reliance Capital is Rs 4,015 crore.
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Physical gold is a headache to store and comes with purity risks˜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
Past 10 Years' annualised returns as on 01-09-2026
^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.
*All savings are provided by the insurer as per the IRDAI approved insurance plan.
Tax benefit is subject to changes in tax laws. Standard T&C Apply
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
**Returns are based on past 10 years’ fund performance data (Fund Data Source: Value Research).