Reliance Money Multiplier Plan

Reliance Money Multiplier Plan is a non-participating Endowment Policy that provides Guaranteed Benefits at maturity to build up a strong corpus for future financial needs.

4.8^~ Rated
7.7 Crore Registered Consumer
50 Partners Insurance Partners
4.2 Crore Policies Sold

Investment Plans

Guaranteed Tax Savings^Under sec 80C & 10(10D)
Under sec 80C & 10(10D)Invest ₹10k Per Month*
Zero LTCG Tax^

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Get Guaranteed returns along with life cover

invest in 100% Guaranteed Return Plans Tax benefits under sec 80C & No Tax on returns*

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We are rated^~

7.7 Crore

Registered Consumer

Insurance Partners

4.2 Crore

Policies Sold

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.

Key Features of Reliance Money Multiplier Plan

Traditional Endowment plan
Regular premium payment option
Guaranteed Loyalty Additions: Every year correspond to the policy year like 1% in 1st year, 2% in 2nd year, 3% in 3rd year and so on Guaranteed Loyalty Additions shall be applicable.
Guaranteed maturity additions are paid out on Maturity
Increasing Guaranteed Additions with the policy term
Double the sum assured is paid in case of death.

Benefits of Reliance Money Multiplier Plan

On Maturity, the policyholder gets:
- Sum Assured
- Guaranteed Loyalty Additions
- Guaranteed Maturity Additions which is a equal of 1% x policy term x sum assured
- On death, the nominee gets:
- Higher of twice the sum assured or 10 times the annualised premiums or 105% of all the premiums paid till death + Accrued Guaranteed Loyalty Additions, if any.
- Income tax benefit on the premium paid as per Section 80C and on the claim received as per Section 10(10D) of the Income Tax Act.

Product Specification of Reliance Money Multiplier Plan

	Minimum	Maximum
Entry Age (Last Birthday)	18 years	55 years
Maturity Age (Last Birthday)	28 years	75 years
Policy Term (PT) in years	10 / 15 / 20
Premium Paying Term (PPT) in years	Equal to policy term
Premium Paying Frequency	Annual, half-yearly, quarterly, monthly
Yearly Premium	Depends on SA, age and term
Sum Assured	60,000	No limit

Details About Premium

Annual premium in Rupees for SA of 1 lakh and policy term 20 years

Age	25	35	45	55
Premium (in Rs.)	10,520	10,775	11,565	13,620

Policy Details of Reliance Money Multiplier Plan

Grace Period: A grace period of 15 days is allowed for payment of premium in monthly mode and 30 days for other modes. If the policyholder fails to make payment within the grace period, the policy will lapse.

Policy Termination or Surrender Benefit: The policyholder is allowed to surrender the plan after 3 full policy years, provided the first year’s premium is paid. The Surrender Value will be higher of the Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV).

GSV = (GSV factor for premiums x total premiums paid)

SSV = (Surrender Value Factor x Paid-up Sum Assured

Free Look Period: If the insurance holder is not pleased with the coverage, and the terms and conditions of the policy, you have the option of canceling the policy within 15 days of receiving the policy documents, provided there has been no claim.

Inclusions

The policy provides a loan benefits @ 80% of the Surrender Value

Additional Features or riders

There is a high Sum Assured discount for coverage above Rs. 1 lakh.

Exclusions

If suicide is committed within 12 months of policy commencement, 80% of premiums paid are refundable and if the suicide is committed within first 12 months of policy reinstatement, higher of 80% of premiums paid till date or the acquired surrender value is payable

Documents Required for Reliance Money Multiplier Plan

The policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and required KYC documents. Medical examinations may be required in some cases, based on the sum assured and the age of the person.

You may also like to read: Reliance Life Investment Plan

†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
^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