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.
Features at glance:
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 benefit is available u/s 80C
Eligibility conditions of Super Endowment Plan
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.