A New Traditional Product By Reliance Life Insurance

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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. 

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. 

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.

Past 5 Year annualised returns as on 01-07-2024

^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.

#The lumpsum benefit is calculated if policyholder invested ₹10000 monthly for 10 years in the fund with a policy term of 20 years. This Point To Point past performance data of last 10 years has been used to illustrate a scenario for the customers benefit. It is assumed that the past 10 years returns would have also been delivered in last 20 years. This is not guaranteed and not in anyway indicative of what the customer may actually get 20 years from now. The investment is subject to market risk and the risk is borne by the policyholder.

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