Reliance Muddati Surakshya Beema Yojana (Reliance Fixed Deposit Protection Plan)
This plan gives you the benefits of risk coverage as well as annual returns. Under this plan, insured gets cashback equivalent to 5% of the sum assured annually as survival benefit to meet the regular cash flow needs while maintaining the risk coverage of the full sum assured during the term of the policy irrespective of the survival benefits paid. At maturity, the balance amount is paid along with vested bonus which is calculated on the full sum assured.
On survival of the insured till the end of the policy term, insured will get yearly cashback equivalent to 5% of the sum assured and the remaining percentage of sum assured along with vested bonus at maturity.
Regular Premium Payment Mode: On death of the insured during the policy term, beneficiary will receive full Sum Assured along with Vested Bonus (Death Benefits = Sum Assured + Vested Bonus) without deducting any of the survival benefit amounts already paid.
Single Premium Payment Mode: On death of the insured during the policy term, beneficiary will receive Full Sum Assured or Double the Sum Assured depending upon the plan chosen along with Vested Bonus (Death Benefit = Sum Assured or Double the Sum Assured + Vested Bonus) without deducting any of the survival benefit amounts already paid.
Minimum Sum Assured NPR 100,000
Maximum Sum Assured No Limit (Based on Income)
Minimum Entry Age 11 Years
Maximum Entry Age 65 Years
Minimum Policy Term 5 Years
Maximum Policy Term 20 Years
Maximum Maturity Age 70 Years
Note: For minor’s life insurance coverage above sum assured NPR 20 lakhs, proposer (parent) must have the life coverage equivalent to proposed sum assured of the minor.
Premium Payment Mode: Regular (Annually/Semi-Annually/Quarterly) or Single (One Time Payment)
First Date of Issuance: 29 Poush 2076.