Reliance Super Endowment Plan offers guaranteed life cover and maturity benefits. Its a non linked non participating endowment plan. Get full benefits throughout the policy term while paying premium just for half the term.

reliance life insurance

Features at glance:

  • Pay premium for just half of policy term
  • Receive basic sum assured on maturity or death.
  • Policy term 14 years or 20 years
  • Option to add Riders
  • Loan facility is available

Death benefit:
If the policy holder dies during policy term and policy is in force, nominee will get basic sum assured.

Maturity Benefit: If life assured survives till maturity and policy is in force, policy holder will get
basic sum assured.

Tax Benefits
Tax benefit is available u/s 80C

Available Riders:

  • Term Life Insurance Benefit Rider
  • New Major Surgical Benefit Rider
  • New Critical Conditions Benefit
  • Family Income Benefit
  • Accidental Death and Total and Permanent Disablement Rider

Eligibility conditions of Super Endowment Plan

  • Age at Entry: 08-60 Years
  • Age at Maturity: 22-75 years
  • Policy Term: 14 years or 20 years
  • Premium Paying Term: 7 years or 10 years
  • Minimum Sum Assured: Rs.1,00,000
  • Max sum assured: No limit

What happens if you stop paying premium?
Your policy will lapse, if you do not pay premium within grace period. A lapsed policy can be revived within
2 years from last unpaid premium date.

Paid up policy: 14 years term: If you paid 2 years premium and then stop paying your premium, your policy
will be converted in paid-up policy. If you opted for 20 years term then you need to pay min. 3 years
premium before it can be converted in paid up policy.