Reliance Cash Flow Plan

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Reliance Cash Flow Plan

 

Reliance Cash Flow Plan is a Money Back Plan from Reliance Life Insurance Company. This is a non unit-linked insurance traditional plan where the money is paid as pre-decided intervals.

 

In this policy, if the Life Insured survives then he would receive percentage return at the end of the fourth year and then every 3rd year till maturity. When the policy matures, the remaining amount along with accrued bonus is paid and the policy is terminated. However, if the Life Insured dies within the policy tenure, then the nominee would receive the full Sum Assured irrespective of how much has already been paid out before and Bonus being calculated on the full Sum Assured and the policy terminates.

 

 

Key Features of Reliance Cash Flow Plan

 

§         Money back plan with both Death and Survival Benefits

§         Death benefit is full Sum Assured irrespective of the amount paid as Survival Benefit along with accrued bonuses

§         Survival Benefit is paid at the end of the 4th year and then at the end of every 3 years

§         Option to add riders

§         Large Sum Assured Rebate offered in this policy

 

 

Benefits you get from Reliance Cash Flow Plan

 

Death Benefit – In case of death of the Life Insured, the nominee receives the full Sum Assured irrespective of what payment has already been provided + accrued Bonus

 

Survival Benefit – The Life Insured would receive the first instalment at the end of the 4th policy year and the others from the end of every 3 policy years.

 

Money Back Survival Benefits paid per Rs 1,000 Sum Assured on survival to the end of year

Term

4

7

10

13

16

19

22

25

28

31

34

7

500

500

 

 

 

 

 

 

 

 

 

10

333

333

333

 

 

 

 

 

 

 

 

13

250

250

250

250

 

 

 

 

 

 

 

16

200

200

200

200

200

 

 

 

 

 

 

19

167

167

167

167

167

167

 

 

 

 

 

22

143

143

143

143

143

143

143

 

 

 

 

25

125

125

125

125

125

125

125

125

 

 

 

28

111

111

111

111

111

111

111

111

111

 

 

31

100

100

100

100

100

100

100

100

100

100

 

34

90.9

90.9

90.9

90.9

90.9

90.9

90.9

90.9

90.9

90.9

90.9

 

Maturity Benefit – At the maturity of the policy, the insured will get the final Lumpsum Amount along with accrued Bonus

 

Income Tax Benefit – Premiums paid under life insurance policy are exempted from tax under Section 80 C and the amount for Critical Illness rider is deducted under Section 80D. The maturity proceeds are exempted from tax under Section 10 (10D)

 

 

Eligibility conditions and other restrictions in Reliance Cash Flow Plan

 

 

Minimum

Maximum

Sum Assured (in Rs.)

25,000

No Limit

Policy Term (in years)

7

34

Premium Payment Term (in years)

7

34

Entry Age of Life Insured (in years)

15

63

Age at Maturity (in years)

22

70

Premium (in Rs.)

Nothing Specified

Payment modes

Yearly, Half-yearly, Quarterly, Monthly and SSS

 

 

Sample illustration of premium of Reliance Cash Flow Plan

 

The below illustration is for a healthy Male (non-tobacco user) opting for a

Age = 30 years, 35 years and 40 years

Sum Assured = Rs 1,00,000  and Rs 5 lakhs

Policy Term = 25 years.

Sample Premiums for Reliance Cash Flow Plan 

 

Additional Features and Benefits of Reliance Cash Flow Plan

 

Riders- There are 3 additional riders in this plan

1. Critical Illness Rider

2. Accidental Death & Total & Permanent Disablement Rider

3. Family Income Benefit Rider

 

And there is an in-built rider

Premium Waiver Benefit rider - If the Life Assured becomes totally and permanently disabled, then the insurer will waive all future premiums up to a limit of Rs 40,000 p.a.

 

 

What happens if?

 

You stop paying the premium – If you stop paying the premiums after 3 policy years, the policy acquires a Paid Up Value for a Reduced Sum Assured but the policy would be eligible for any future regular additions. However, it can be revived anytime before the policy maturity.

 

You want to surrender the policy – There is a Guaranteed Surrender Value after 3 policy years
Guaranteed Surrender Value = 30% of all premiums paid – 1st year’s premium

 

You want a loan against your policy – Loan facility is not available under this policy

 

 

Alternate Money Back Insurance Plans from different insurance companies

 

Bharti AXA Life Save Confident

Future Generali Dream Guarantee Plan

HDFC Money Back

 

 

Other Money Back Insurance Plans from Reliance Life Insurance Company

 

Reliance Life Insurance Guaranteed Money Back Plan

~ By Deepak Yohannan
Note: This is a statement of facts based on the information collected from the Reliance Cash Flow Plan brochure and insurance company's website. It should not be construed as a Critical or Favourable Reliance Cash Flow Plan Review, Analysis or Recommendation.
Insurance is a subject matter of the solicitation.


Leave a Comment

Dear Deepak,
let me know if I stop the premium payment after 3 year. than what will be result..please explain

By Zeeshan Haider on Jul 12, 2014 Reply

If you stop paying the premiums after 3 policy years, the policy acquires a Paid Up Value for a Reduced Sum Assured (policy benefits will be reduced proportionately)

Replied By Manoj Aswani (MIC Staff) on Jul 14, 2014 Reply

I want to know my premium has been updated?my policy no. is 19309602. please send the response to my email chinthareddysrinivasareddy@gmail.com.

By Chinthareddy Srinivasa Reddy on Oct 11, 2013 Reply

Hi Mr Reddy, you will have to contact the insurance company directly for such information.

The other simple way to do it, is by registering your policy online at the below mentioned link. All details will get regularly updated. This is the best way to get updated information. You can do it at the link below.

https://lifeline.reliancelife.com/wps/portal/customer

Replied By Deepak Yohannan (MIC Staff) on Oct 14, 2013 Reply

I want to know my premium has been updated?my policy no.is19840994 please send the response to my email 9370278091apn@gmail.com

By Atmaram Nadkarni on Aug 24, 2013 Reply

Dear Mr Nadkarni, this piece of information will be shared only to you by the insurance company. The best way to stay updated is to register your plan online and then you can get all the information with a few clicks.

Click on this link to register your plan. You will know if the premiums have been updated.

https://lifeline.reliancelife.com/Registration/registration.jsp

Hope this was useful.

Replied By Admin (MIC Staff) on Aug 24, 2013 Reply

HELLO SIR, WHEN I PAID IN THIS POLICY, THEY TOLD SOME OFFERS!, BUT STILL THERE IS "NO RESPONSE & RESPECT" FROM RELIANCE BRANCH OFFICE?

By Kesavan Kathiravan on Aug 23, 2013 Reply

Dear Kesavan, it is not legal to club insurance plans with any offers - so maybe its not happening.

I would recommend that you visit the nearest Reliance Life insurance branch to discuss the kind of offers made to you.

Replied By Admin (MIC Staff) on Aug 24, 2013 Reply

I want to know if my premium has been updated?my policy no.is 16881312.
Please send the response to my email-tpdas1960@gmail.com
Tara prasad Das

By Tara Prasad Das on Aug 17, 2013 Reply

Dear Mr Das, only the insurance company would be aware of this. We will not have this information.

To stay updated on things related to your policy it is best to register it online. The link for the same is provided below.

https://lifeline.reliancelife.com/Registration/registration.jsp

Replied By Admin (MIC Staff) on Aug 19, 2013 Reply

this policy is verry good beter than lic and other insurance compny in india

By Pappu Yaar on Jul 31, 2013 Reply

How can I find my Cash Flow Plan policy value? Plz send the process on my Id.

Dhiraj Shah
dhiraj_aditya@yahoo.com / ddhirajshah@gmail.com

By Dhiraj Shah on Mar 30, 2013 Reply

Dear Dhiraj, since this is a tradtional plan it would not have a value in the middle of the policy term. You will have to wait till the end of the policy term to figure out how much you will get as there will be bonusses which will get paid out on Maturity only

Replied By Admin (MIC Staff) on Apr 01, 2013 Reply

dear sir , in jan 2013 i have taken this policy by IIFL premium of 10000 rupees per year for 16yrs after four yrs i will get 25000 rupees.please tell about this policy is it good .
and what will be better .

By Tarun Agarwal on Mar 01, 2013 Reply

Dear sir,
i called up today by BMA GROUP in kanpur big bazar mall ,rawatpur, the persons there told us that we have got gift from them when we reach there then they told us that there is a presentation of one hour with them my husband and me attended it he told us about RELIANCE CASH FLOW PLAN we like it and given him 4500.00 rupees in her hand and he told us that we can get the bond by post . plz sir tell me that its ok or not and also tell me about CASH FLOW PLAN .

By Snehlata Yadav on Feb 23, 2013 Reply

sir, i want to know
SA = 1,00,000
TERM 13
MONEY BACK = 4 (25,000 25,000 25,000 25,000+BONUS(HOW MUCH BONUS) )
MATURITY AMOUNT= ?

By Neeti Gupta on Nov 25, 2012 Reply

one agent calling me from delhi and they was asking me if u r taking this policy.company give commisson of policy but i m taking policy company not give any bonnus and agent not received my call

.agent name-pandey

By Vipul Patel on Jul 19, 2012 Reply

ME CASE FLOW PLAN STOP KARNA CHAHTA HU PLZ HELP ME

By Natvarlal on Jul 08, 2012 Reply

What if i want to surrender the policy before 3 years? I have just paid one preminum.

By Mahendra on Apr 19, 2012 Reply

pls. prevew my cash flow plan

By Suravi Ray on Apr 09, 2012 Reply

I have taken 1 policy"RELIANCE FUND FLOW", premium Rs.6000/- per year 16 yrs term. I have paid 5 annual premiums R.30000/-. I want to surrender the policy now. Please
tell me how much amount I have get and also I want to know the total amount ofter mautiry period.

By Ch Srinivasa Reddy on Mar 30, 2012 Reply

i want to know the percentage or amount of bonus at the time of maturity of cash flow reliance life policy in addition of deposited balance premimum amount

By Rajendra Kumar Gupta on Mar 28, 2012 Reply

i want to know the bonus percantage\amount on maturity of cash flow reliance life policy in addition of deposited premimum amount in other words the additional befnifits at the time of maturity

By Rajendra Kumar Gupta on Mar 28, 2012 Reply

I invited by BMA Insurance Brokers Pvt Ltd in Kanpur, they suggest me to buy Cah flow plan, but after reading all the comments about it, I decided not to buy it.

By Anandshankar on Mar 24, 2012 Reply

dont go for it...definitely you will loose money.....the advisers of Reliance will attract the people with wrong calculations...and ultimately you will realize it just after one payment

By Gayathri on Mar 13, 2012 Reply

What if i want to surrender the policy before 3 years? I have just paid one preminum.

By Pravin on Mar 07, 2012 Reply

Dont go for reliance, you will loose money for sure.

By Justin on Mar 06, 2012 Reply

Dear sir, we want to know the position of our policy so how can know it.You advise us.

By Dhruv Kumar on Feb 25, 2012 Reply

How can I find my Cash Flow Plan policy value? Plz send the process on my Id.

By Arvind K Chaudhary on Feb 22, 2012 Reply

Can i purchase cash flow policy from INDIAN INFOLINE INSURANCE BROKERS LTD ?

By Manojkumar Shashikant Padaria on Feb 18, 2012 Reply

i WANT SOME IMFORMATION

By Husainsab on Feb 18, 2012 Reply

kindly guide me to know about policy position through on line & other means. waiting your response

By Ramesh Chand on Feb 09, 2012 Reply

If you want to loose the money, you can take any policy of Reliance Life Insurance

By Chitra on Feb 09, 2012 Reply

Reliance cash flow plan is better than other companies money back plan

By Niraj Kumar on Feb 03, 2012 Reply

i would like to know how much money you will get every three years. please let me knowif i pay 50000 a year how much i will get after 4 year and how much on maturity.

By Shobha on Jan 28, 2012 Reply

Dear sir, we want to know the position of our policy so how can know it.You advise us.
Waiting your reply soon.
K.P.Rauniyar

By K.P.Rauniyar on Jan 19, 2012 Reply

for guaranteed money back plan

By Jitendra Singh on Jan 13, 2012 Reply

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