Group PlansReliance Nippon Life Group Sarv Samriddhi
Synopsis:
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Reliance Group Jan Samriddhi Suraksha Plan is a low cost regular premium savings oriented insurance plan that helps you to build a corpus through regular systematic savings and augments your savings through regular interest credits along with providing a life cover.
Benefits:
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Maturity Benefit
On maturity, you will receive the Policy Account Value which includes
1.All invested premiums, plus
2.Investment Income through 3 different credits to your Policy Account:
Minimum Floor Rate - Guaranteed interest credit of 2.5% at the end of every financial quarter
Non-zero positive Additional interest rate (AIR), if any, which is over and above the minimum floor rate. Additional interest rate is 1.25% p.a. for this product for the entire policy term.
Non-zero positive Residual Additions (NRA), if any
Death Benefit
On death of the individual member during the member-contract term provided the member-contract is in full force by payment of premiums, we will pay the maximum of
Policy Account Value, or
Basic Sum Assured, or
105% of all the premiums paid till the time of death, excluding any extra premiums (if any) of the individual member, or
On death of the individual member during the member-contract term if the member-contract is in paid-up status, we will pay the maximum of
Policy Account Value, or
Basic Sum Assured x (number of premiums paid / total number of premiums payable) , or
105% of all the premiums paid till the time of death, excluding any extra premiums (if any) of the individual member
Death Benefit due to Accident
On death due to accident on or before the age of 65, we will pay an additional benefit equal to
Basic Sum Assured, provided the policy is in full force
Basic Sum Assured x (number of premiums paid / total number of premiums payable), if the policy is in paid-up status
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