Reliance Super Endowment Plan

Reliance Super Endowment Plan is a traditional Endowment Plan with premium payment limited to half of policy term. It provides the dual benefit of savings and life coverage

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

It is a traditional Endowment plan with limited premium payment option
Premium payment term is half of policy term

Benefits

On Maturity the Guaranteed Sum Assured is payable
On death, the nominee gets higher of the basic SA or 10 times the annual premium subject to a minimum of 105% of all premiums paid till death
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:

	Minimum	Maximum
Entry Age (Last Birthday)	8 years	60 years
Maturity Age (Last Birthday)	22 years	75 years
Policy Term (PT) in years	14 and 20
Premium Paying Term (PPT) in years	Half of policy term
Premium Paying Frequency	Annual, half-yearly, quarterly, monthly
Yearly Premium	Depends on SA, age and term
Sum Assured	100,000	No limit

Details About Premium

Annual premium in Rupees for SA of 1 lakh

Age	25 years	35 years	45 years
Policy term 14 years	9,147	9,224	9,532
Policy term 20 years	5,208	5,327	5,732

Policy Details

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

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

GSV = (GSV Factor for premiums * total premiums paid)

SSV = (SSV Factor * Paid-up Sum Assured

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

Inclusions

The policy provides loan @ 80% of Surrender Value

Additional Features or Riders

There is a high Sum Assured discount for coverages above 2.5 lakhs

Exclusions

If suicide is committed within 12 months of policy commencement, 80% of premiums paid are refundable and if committed within 12 months of policy reinstatement, higher of 80% of premiums paid or acquired Surrender Value is payable

Documents Required

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

†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

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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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You Get

₹1 Crores*

You Invest

₹10K/month

You Get

₹80 Lakhs*

You Invest

₹8K/month

You Get

₹50 Lakhs*

You Invest

₹5K/month

Average Rating

4.6 / 5

(Based on 1224 Reviews)

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Reliance Super Endowment Plan Insurance Reviews & Ratings

4.6 / 5 (Based on 1224 Reviews)

(Showing Newest 10 reviews)

Sushil

Guwahati, January 27, 2025

★★★★★

Transparent Information

I appreciate how Policybazaar presents transparent information about fees NAVs and fund objectives. It made decisionmaking much easier.

Manish

Ranchi, January 26, 2025

★★★★★

Easy Investment Process

Investing in NFOs through Policybazaar has been incredibly convenient. The process is straightforward and I was able to choose my preferred NFOs without any hassle.

Priyanka

Bhubaneswar, January 24, 2025

★★★★★

Trustworthy Option

Axis Max Life Sustainable Wealth fifty Index Fund is a trustworthy investment and Policybazaars platform makes investing easy and accessible for everyone.

Amit

Mumbai, January 18, 2025

★★★★★

Flexibility

Investing through Policybazaar allows for flexible investment options. Whether its SIP or lump sum I can choose what fits my financial goals.

Neha

Visakhapatnam, January 18, 2025

★★★★★

Easy KYC Process

The KYC verification was simple and fast which made my investment journey smooth.

Prashant

Udyapur, January 16, 2025

★★★★★

Good

I gifted life traditional plan to my wife. The policy coverage is 95% and the claims are Rs.41 L. Services provided by the executives is really very good and online facility also there which have easy interface. My wife is happy with this policy, so m i. Good Job.

Karan

Kota, January 16, 2025

★★★★★

Nice

I have the best policy plan from pnb metlife life insurance. The benefits are many with low premiums. Policy coverage is 91%. Claims approx. Rs.39 L with easy procedure to get it. Good future investment. I'm happy with it.

Harish

Mysore, January 16, 2025

★★★★★

Normal Plan

I Bought pnb metlife life insurance and took traditional insurance policy plan. The policy is average and the coverage is 70%. The claims are normal but the premiums are low. The service is okay which provided by the staff members. Good future investment and tax cutter also. Satisfied.

Gaurav

Hoshiarpur, January 16, 2025

★★★★★

Fair Policy

Buy traditional plans from pnb metlife life insurance. The policy coverage is around 85%. Services provided by executives is awesome. Claims are good and done without any interruption. Overall fine life insurance which have low premiums. Nice future investment and it saves taxes also.

Abhinav

Kolkata, January 16, 2025

★★★★★

Average

I have traditional plan from pnb metlife life insurance. Policy coverage is 83% and the claims are Rs.37 L. Service is good and quick provided by the executives and staff members. But please improve your online services. Good future investment which saves taxes too. Nice work.

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