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Reliance Fixed Deposit Protection Plan( First issued on: 2019-01-12 )
Protection, Fixed Deposit with Cash back.

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.

Survival Benefits

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.

Death Benefits

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.

Eligibility Criteria:

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. 

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