October 19, 2021 | Investopaper
Reliance Life Insurance Ltd. has launched “Reliance Barshik Dhana Barsha Jeevan Beema Yojana”. Under this insurance plan, five percent of the sum insured will be paid to the insured on an annual basis.
This insurance plan ensures regular cashflow and risk coverage at the same time. The plan can be taken by the insured for a period of 15 or 20 years.
At the end of the 15 year insurance period, the insured will be paid the remaining sum insured and the earned bonus after deducting the amount paid annually in advance. In this scheme, in case of death of the insured, insurance amount and earned bonus will be provided to the desired person.
The plan is available to customers between the ages of 18 and 55. Under this scheme, the minimum sum to be assured is Rs. 1 lakh. Along with this plan, the insured will also be able to avail additional benefits such as accidental death facility, permanent disability and insurance fee waiver in addition to paying the minimum premium.
Features of the Reliance Barshik Dhana Barsha Jeevan Beema Yojana
1. For 15 Years Policy: Sum Assured + Vested Bonus.
2. For 20 Years Policy: Sum Assured + Vested Bonus + One-Time Additional Benefit equivalent to 10% of Sum Assured.
Full Sum Assured along with vested bonus shall be paid to the beneficiary without deducting yearly payouts.
Minimum Sum Assured NPR 100,000
Maximum Sum Assured No Limit
Minimum Entry Age 18 Years
Maximum Entry Age 55 Years
Maximum Maturity Age 75 Years
Policy Term 15 & 20 Years