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Reliance Smart Cash Plus Plan

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Benefit Illustration for Reliance Smart Cash Plus Plan

PRODUCT FEATURES: Name of the Product:      Reliance Smart Cash Plus Plan

Summary of policyholder's benefits Assumed Investment Return Accumulated Guaranteed Survival/Maturity Benefits Non Guaranteed Benefits

1

 

2 UIN:

121N096V01  

4%

8%

3 Sum Assured:

352,975

 

4 Policy Term:

10  

455,338   455,338

Premium 10 Payment Term Total Installment premium 7       48,499 (excluding service tax): Total Installment premium 9       49,998 (including service tax) Year 1: Death Benefit                  11 Option(Regular Option- I Premium) Name of the                  13 Insurance Advisor dhanjayrathod 5

 

6 Frequency:

Yearly  

52,946      105,893

 

8 Age: Total Installment premium (including 10 service tax) Year 2 onwards : 12 14 Name of the Life Assured Advisor/Employee Code

15  

 

49,248   dinesh% 20dhanajay%   20rathod 21762646  

 

 

 

 

 

   

As required by the Life Insurance Council please note, some benefits are guaranteed and some benefits are variable with returns based on the future performance of your Insurer carrying on Life Insurance business. If your policy offers guaranteed returns then these will be clearly marked "guaranteed"in the illustration table on this page. If your policy offers variable returns then the illustrations on this page will show two different rates of assumed future investment returns. These assumed rates of return are not guaranteed and they are not the upper or lower limits of what you might get back, as the value of your policy is dependant on a number of factors including future investment performance.
Assumed gross interest rate of 4% Guaranteed Minimum Death Benefit Guaranteed Survival/ Maturity Benefits Non guaranteed Total Accumulated Death Reversionary Benefit Bonus Total Survival/ Maturity Benefit Assumed gross interest rate of 8% Total Survival/ Maturity Benefit Guaranteed Special Surrender Surrender Value * value

Annualised Premium Policy (excluding Age year service tax and riders, if any)

Non Guaranteed Special Applicable guaranteed Total Surrender Surrender Surrender Accumulated Death * ** *** Reversionary Benefit Value value value Bonus

1 15 2 16 3 17 4 18 5 19 6 20

48,499 48,499 48,499 48,499 48,499 48,499

484,990 484,990 484,990 484,990 484,990 484,990 35,298

5,295 490,285 10,589 495,579 15,884 500,874 21,178 506,168 26,473 511,463 31,768 516,758 35,298

7,644 29,986 74,345 64,255 89,781 35,168 56,268 84,402

7,644 29,986 74,345 64,255 89,781

10,589 495,579 21,179 506,169 31,768 516,758 42,357 527,347 52,946 537,936 63,536 548,526 35,298

8,014 30,872 75,941 66,809 93,611 39,601 63,361 95,041

115,714 121,539 121,539

121,229 136,860

http://easyplanner.reliancelife.com/OnlineBI/UL/HTML/RelianceLifeInsuranceSmartCas... 31/01/2014

990 484. The current rate of service tax along with education cess is 3.030 315. I dhanjayrathod . * Guaranteed Surrender Value is calculated at year end after paying survival benefits and it includes cash value of bonuses accrued. please read Sales brochure of the plan carefully before concluding a sale.595 315. If death or surrender occur and only some of the modal/ installment premium are paid. For authoritative details of the rates and the terms and conditions applicable to the particular person/policy.990 509. Rider premium rates.. “ 10. 31/01/2014 .987 Insurance is the subject matter of solicitation.652 532. have understood the above statement before entering into the contract. For more details on risk factor. Please refer to sales brochure for more details.704 95. to the prospect before entering into the contract. 6. the company may however pay a special surrender value calculated according to the basis and method in use from time to time.347 47.891 354.155 165.062 522.reliancelife. 12. Taxes.714 569.155 170.740 367. 4.040 105.293 52.356 231.946 109. 2. Policyholders' Signature: Place: Date: http://easyplanner. of premiums payable during the policy term) Plus Special surrender value factor multiplied by Vested Bonus. kindly refer to the Policy document. occupation of the customer and other intrinsic factors such as non submission of documentary evidences like age proof. the premium will be adjusted accordingly. 13.125 559. kindly refer to the specifications in the policy document after issuance.e. In the event the Life Proposed/Assured is suffering from any sickness/ medical problems or in the event of any past medical history.701 262.936 420. ***The applicable Surrender value will be payable after the completion of the third policy year. less any survival benefits already paid Plus GSV Bonus factor multiplied by the vested bonuses.499 48. ** Disclaimers: 1. SSV is equal to Special surrender value factor multiplied by Maturity Benefit multiplied by (No. The policy acquires Guaranteed surrender value after one year full premiums are paid. The premium amount shown above is calculated assuming that the life Proposed/Assured is a normal healthy person.com/OnlineBI/UL/HTML/RelianceLifeInsuranceSmartCas. duties or surcharges of whatever description levied by any statutory authority will be applicable. actual experience and other factors. 3.030 74. 5.356 233.946 37.112 233. economic environment.36% is levied on rider premiums. having received the information with respect to the above. the above death and surrender values are illustrated assuming that all the modal/installment premium payable in a policy year are paid (i.883 472.Reliance Smart Cash Plus Plan Page 2 of 3 7 21 8 22 9 23 10 24 48. The main objective of the illustration is that the client is able to appreciate the features of the product and the flow of benefits in different circumstances with some level of quantification.499 484. The above amounts assume that all premiums are paid when due. the event occurs at the end of the policy year).990 484. of premiums paid / No.303 580.357 527. 7. This premium quotation is indicative. For GSV premium factors & GSV Bonus factor. Subject to the guaranteed minimum surrender value.240 52. The actual bonus amount will be derived from company's bonus philosophy. 9. Accordingly. the death or surrender values at a time other than at the end of the policy year will be lower than those illustrated above. 11. Further.893 590.075 191. then the death or surrender values will only consist of that premium that has been paid.770 245. Reliance Life Insurance Company Limited is a fully licensed life insurance company registered with the Insurance Regulatory and Development Authority (Registration No: 121) in accordance with the provisions of the Insurance Act 1938.946 117.355 170. The premium rate charged to the customers may be different depending upon the factors such as health. The policy acquires special surrender value after three years full premiums are paid. Please refer to sales brochure for more details. terms and conditions. There is a guaranteed minimum surrender value equal to GSV Premium Factor multiplied by the total premiums paid excluding rider premiums and extra premiums paid.094 52.499 48.603 175. have explained the information with respect to the above. “Special Surrender Value (SSV) is a non guaranteed benefit. 8. (if applicable) have not been taken into account in calculating the base premium. Special surrender value is calculated at year end after paying survival benefits and it includes cash value of bonuses accrued.09% and 1. if any.115 84.052 42.545% for first year premiums and renewal premium respectively on base policy premium and a service tax along with education cess of 12.946 537. as per the underwriting guidelines of Reliance Life Insurance Company Limited.499 48.. The service tax rate will be revised as and when notified by the Government.642 52. Upon non-payment of due premiums the policy acquires Paid up value after three years full premiums are paid. Intermediary's Signature: Place: Date: I dinesh%20dhanajay%20rathod .

. http://easyplanner. is only the name of the Insurance Company and Reliance Smart Cash Plus Plan is only the name of the life insurance contract and does not in any way indicate the quality of the contract. 31/01/2014 .com/OnlineBI/UL/HTML/RelianceLifeInsuranceSmartCas. its future prospects or returns.Reliance Smart Cash Plus Plan Page 3 of 3 Reliance Life Insurance Co. Ltd..reliancelife.