Reliance Nippon Life Nishchit Bhavishya

A Non-Linked Non-Participating Individual Savings Life Insurance Plan

Taaki apki koi khwaish adhuri na reh jaye

Key benefits of Reliance Nippon Life Nishchit Bhavishya

Choice of two plan variants to suit Increasing Benefits to balance the

your needs increasing cost of living

High death cover during premium Enhanced Protection through choice

payment term of riders

Flexibility to pay for a limited period of

Tax Benefits as per the prevailing
10 or 12 years and enjoy benefits for
tax laws
the entire policy term
Reliance Nippon Life Nishchit Bhavishya at a glance

The plan offers a choice of two plan variants at inception of the policy.
Variant 1: This variant provides income benefit post premium payment term along with a lump sum
maturity benefit.
Variant 2: This variant provides two money back payouts at 4th and 8th year before the income benefit
starts from the 12th year and a lumpsum benefit is also paid at maturity.
The plan variant once selected, cannot be altered subsequently during the policy term.

Eligibility Criteria
Minimum Age at Entry1 (in years) 5 years
Maximum Age at Entry (in years) 1
50 years
Premium Payment Term – PPT (in years) 10 12
Policy Term – PT (in years) 30 35 36 42
Maximum Age at Maturity1 (in years) 80 85 86 92
Premium Payment Frequency Yearly, Half-yearly, Quarterly, Monthly

All the references to age are based on age last birthday.

1

The product shall be available for both online and offline sale.
Premiums will vary depending upon the plan variant chosen, age, PPT and PT.

Illustrated Benefits

Variant 1
Example : Mr. Ankit is a 35-year-old IT professional and purchases Reliance Nippon Life Nishchit
Bhavishya to secure his future milestones for the years to come.

Premium Payment Term 10 years

Policy Term 30 years
Annual Premium D75,000
Base Sum Assured D7,85,423

Mr. Ankit enjoys a life cover of D15,70,846, two times the Base Sum Assured, during the Premium
Payment Term and of D9,81,779 for rest of the Policy Term to keep his family financially secured.
He would receive Income Benefit from 11th year to 29th year, provided all dues premiums have been
paid. The starting income shall be of D37,500 at the end of 11th year and it would keep on increasing at
a simple rate of 5% per annum. He uses the yearly increasing income for regular cashflow needs and
to cope up with the inflation.

At maturity, he receives a guaranteed lumpsum maturity benefit of D9,81,779 through which he plans
to take a post retirement foreign trip.
Mr. Ankit’s Benefits Amount (in D)
Total Income Benefit in 19 years (A) 10,33,125
Fixed Loyalty Addition (B) 1,96,356
Base Sum Assured (C) 7,85,423
Maturity Benefit (D=B+C) 9,81,779
Total Benefits Received (A+D) 20,14,904
Total Premiums Paid 7,50,000

Lump sum
Maturity Benefit of
E 9,81,779

annum
ple rate of 5% per
g incom e at a sim
Starting Income of Increasin
50% of Annualized
Premium = D37,500

Policy
Year : 0 Pays Annual Premium 9 10 11 30
of E 75,000 for 10 years
Age : 35 65
Death Benefit of D 15.7 Lakhs Death Benefit of D 9.8 Lakhs

The Premium mentioned above is for a healthy male and is exclusive of any loadings and taxes.

Variant 2
Example : Mr. Gupta is a 35-year-old father, self-employed, wants to secure his business cashflow
needs for years to come. He purchases Reliance Nippon Life Nishchit Bhavishya and pays a premium
of D75,000 for 10 years and enjoys the life cover and guaranteed benefits throughout the Policy Term.

Premium Payment Term 10 years

Policy Term 30 years
Annual Premium D75,000
Base Sum Assured D6,99,040

Mr. Gupta enjoys a life cover of D13,98,080, two times the Base Sum Assured, during the Premium
Payment Term and of D9,00,000 for rest of the Policy Term to keep his family financially secured.
He receives two money back payouts of D56,250 and D93,750 at the end of 4th and 8th policy year
respectively, which he uses to clear small scale debts.
He would receive Income Benefit from 12th year to 29th year, provided all dues premiums have been paid.
The starting income shall be of D30,000 at the end of 12th year and it would keep on increasing at a
simple rate of 5% per annum. He uses this income for his business cashflow needs.
At maturity, he receives a guaranteed lumpsum maturity benefit of D8,73,800 which he uses to expand
the business.
 Mr. Gupta’s Benefits Amount (in D)
Total Income Benefit (A) 7,69,500
Money Back Benefits (B) 1,50,000
Fixed Loyalty Addition (C) 1,74,760
Base Sum Assured (D) 6,99,040
Maturity Benefit (E = C+D) 8,73,800
Total Benefits Received (A+B+E) 17,93,300
Total Premiums Paid 7,50,000

Lump sum
Maturity Benefit of
E 8,73,800

m
Money back per annu
benefit of simple rate of 5%
Money back D 93,750 Starting Income of g income at a
benefit of Increasin
40% of Annualized
D 56,250
Premium = D30,000

Policy
Year : 0 Pays Annual Premium 9 10 12 30
of E 75,000 for 10 years
Age : 35 65
Death Benefit of D 13.98 Lakhs Death Benefit of D 9 Lakhs

The Premium mentioned above is for a healthy male and is exclusive of any loadings and taxes.

This product leaflet gives only the salient features of the plan and it is only indicative of terms, conditions, warranties and exceptions. This leaflet should be
read in conjunction with the Benefit Illustration and Policy Terms And Conditions. For further details on all the conditions, suicide exclusion related to
Reliance Nippon Life Nishchit Samrudhi, please contact our insurance advisors. Tax laws are subject to change, consulting a tax expert is advisable. Trade
logo displayed above belongs to Anil Dhirubhai Ambani Ventures Private Limited & Nippon Life Insurance Company and used by Reliance Nippon Life
Insurance Company Limited under license.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS: IRDAI is not involved in activities like selling insurance
policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Reliance Nippon Life Insurance Company Limited (IRDAI Registration No. 121)

Registered & Corporate Office Visit us

Unit Nos. 401B, 402, 403 & 404, 4th Floor, Inspire-BKC, www.reliancenipponlife.com
G Block, BKC Main Road, Bandra Kurla Complex,
Bandra East, Mumbai - 400051. India. T +91 22 6896 5000
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Call us: 1800 102 1010 (Toll Free) between www.facebook.com/RelianceNipponLifeInsurance
9 am to 6 pm from Monday to Saturday.

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rnlife.customerservice@relianceada.com @relnipponlife

UIN for Reliance Nippon Life Nishchit Bhavishya: 121N145V01. CIN: U66010MH2001PLC167089. Mktg/FBM_NB 4 Pager Leaflet/V1/March 2023