Reliance Life Highest NAV Advantage Plan



Highest NAV Advantage Plan from Reliance Life Insurance


Reliance Life Highest NAV Advantage Plan is a unit linked insurance plan (ULIP) where the highest NAV attained during the tenure, is provided to the policyholder at Maturity. However, if the Life Insured dies, within the policy tenure, the entire Sum Assured PLUS the Fund Value will be paid as Death Benefit.


Key Features of Reliance Life Highest NAV Advantage Plan


  • Double Death Benefit is paid - Sum Assured Plus Fund Value
  • Highest NAV is guaranteed at maturity while paying out Maturity Benefit
  • There are additional benefits through riders
  • Under this plan, an additional amount equivalent to base sum assured is payable on account of accidental death
  • Option to avail policy loan after two years



Benefits you get from Reliance Life Highest NAV Advantage Plan


Death Benefit – In case of death of the Life Insured, the nominee would get Sum Assured plus Fund Value.


Maturity Benefit – On maturity, the Fund Value is paid to the policyholder according to the highest NAV achieved till date.


Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C



Eligibility conditions in Reliance Life Highest NAV Advantage Plan





Sum Assured (in Rs.) in Regular Premium

Higher of

7 X Annual Premium


0.25 X Policy Term X Annual Premium

For age 7-11 years: Rs 5 lac

For age 12-40 years: 30XAP

For age 41-45 years: 20XAP

For age 46-50 years: 15XAP

For age 51 and above: 10XAP

Sum Assured (in Rs.) in Limited Premium

1.25 X Annual Premium

6 X Single premium

Policy Term (in years)


Premium Payment Term (in years)


Equal to Policy Term

Entry Age of Policyholder



Age at Maturity



Regular Pay premium (in Rs.)

20,000 p.a.

No Limit

Limited Pay premium (in Rs.)

50,000 p.a.

No Limit

Payment modes

Single, Yearly, Half-Yearly, Quarterly and Monthly



Additional Features and Benefits of Reliance Life Highest NAV Advantage Plan


Riders – There are 3 riders available in this policy

1.       Reliance New Major Surgical Benefit Rider

2.       Reliance New Critical Conditions (25) Rider

3.       Reliance Term Life Insurance Benefit Rider


Investment Fund Options - The money would be invested in the Highest NAV Advantage Fund.


Top-up - Unlimited Top Up is allowed except in the last 5 years of the policy.

Minimum Top Up premium is Rs 5,000. Each top up premium has a lock in of 5 years.

Each Top Up premium is accompanied by Sum Assured according to the multiplier

·         Less than 45 years- SA is 1.25 times

·         Greater than or equal to 45 years- SA is 1.10 times


Switching - Switching is not allowed in this plan.


Partial Withdrawal - You are allowed to make partial withdrawals in this policy after 5 complete policy years or the life assured is 18 years old, whichever is later. The minimum amount of partial withdrawal should be Rs. 5,000 such that at least 125% of annual premium or 50% of single premium should be maintained after Partial Withdrawal. The maximum amount of partial withdrawal should not exceed 20% of the base fund value at the time of withdrawal. The Highest NAV Guarantee is applicable only on maturity and is not available for the amount partially withdrawn.



What happens if?


You stop paying the premium before 5 years - If the policy holder stops paying the premium, the insurance cover will cease and the fund value net of any discontinuance charge will be transferred to the Discontinued Policy Fund. The Discontinued Policy Fund will be credited with a minimum interest rate of 3.5% p.a. and the proceeds from this will be payable after the fifth policy anniversary. In case of death of the Life Assured during this period, only the accumulated fund value will be payable to the nominee.


You stop paying the premium after 5 years - If the policy holder stops paying the premium after 5 years, then the accumulated policy fund amount till the date of discontinuance shall be paid to the policy holder and the policy will terminate immediately.


You want a loan against your policy - The total loan that can be availed at any point of time during the policy term shall not exceed 40% of the surrender value.



Alternate ULIPs from different insurance companies


Aegon Religare iMaximize Plan

Future Generali NAV Insure Plan

Aviva Lifesaver Advantage

Max New York Subh Invest



Other ULIPs from Reliance Life Insurance


Reliance Life Insurance Pay Five Plan

Reliance Life Insurance Classic Plan – Limited premium

Reliance Life Insurance Classic Plan

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

Leave a Comment

my police no is 16694954 i want no what is the balance it is in current?why your people not call for me?

By Gopal Babu on Mar 08, 2014 Reply

This is MyInsuranceClub – insurance comparison website. If you are a policyholder with Reliance Life Insurance then you would need to contact them directly.

Click here to find the contact details of Reliance Life

Replied By Manoj Aswani (MIC Staff) on Mar 08, 2014 Reply

i want to know my policy no.c4569268/713827 serenader value. 9302377xxx

By Amolak Jain on Nov 01, 2013 Reply

Dear Amolak, please register your policy at the company's portal. The link for the same is provided below. Once you do that you can check the fund value which will be updated regularly.

In case of a surrender, just check the surrender charges which would get deducted from your current holdings.

Replied By Admin (MIC Staff) on Nov 06, 2013 Reply


By Subhasish Nandi on Apr 01, 2012 Reply

kindly set details of our policy no.16494552. plan type rel highest nav guaranteed-rg

pd sudhakar.

By Pd.Sudhakar on Mar 19, 2012 Reply

I want my fund value 74206464

By Mahesh M Mangtani on Feb 28, 2012 Reply

Can you tell me, if 'You stop paying the premium after 5 years', can I get 'accumulated policy fund amount' with 'Highest NAV' at that period?

By Saravanan on Jan 20, 2012 Reply

please convey detail fomat for payment of policy

By Manjal Singh Kanwar on Jan 05, 2012 Reply

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