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Reliance Life Money Multiplier Plan

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Reliance Life Insurance Money Multiplier Plan


Reliance Life Insurance Money Multiplier is traditional endowment plan. Death benefit is double the Sum Assured and there are guaranteed loyalty additions which increase with every policy year. As a result the overall life cover too increases every year.


Key Features of Reliance Life Insurance Money Multiplier Plan

  • In case of death of the policy holder, the nominee is paid 2 times the Sum Assured
  • On maturity the policy holder gets Sum Assured + Guaranteed Loyalty Additions + Guaranteed Maturity Additions  




Benefits you get from Money Multiplier Plan


Death Benefit – The nominee would be paid twice the Sum Assured.


Maturity Benefit – The policy holder is paid the sum of the following: Sum Assured + Guaranteed Loyalty Additions + Guaranteed Maturity Additions


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. The maturity amount you receive from this plan are exempt from tax under section 10(10D)


Eligibility conditions and other restrictions in Money Multiplier Plan





Sum Assured (in Rs.)


No Limit

Policy Term (in years)

10 / 15 / 20

Premium Payment Term (in years)

Same as policy term

Entry Age of Policyholder



Age at Maturity



Single premium



Payment modes

Yearly, Half-Yearly, Quarterly (ECS) & Monthly (ECS)


Sample Premium Rates in Money Multiplier Plan


Sum Assured = Rs.1,00,000

Policy Term          = 20 years

Premium Payment Term = 20 years


Premium Values for different ages at which this life insurance policy is purchased.

Premium Rates for Reliance Life Insurance Money Multiplier



Additional Features and Benefits of Money Multiplier Plan


Riders – There are no riders available under this policy


Type of Rider

Available with Policy

Accidental Death Benefit


Permanent Disability Benefit


Waiver of Premium Benefit


Critical Illness Rider


Critical illness (or dread diseases) benefit


Term Benefit Rider


Hospital Cash Benefit



Guaranteed Loyalty Additions – Upto 210% of the Basic Sum Assured is paid as the guaranteed loyalty addition. This is paid out on death of the policy holder, on surrender or maturity of the policy. The following formula is used: 1% x Policy Year x Basic Sum Assured


Guaranteed Maturity Addition – The following amount would get added to the payable on maturity 1% x Policy Term x Basic Sum Assured

What happens if?


You stop paying the premium before 3 years – The policy would lapse and there would be no payout made to the policy holder.


You stop paying the premium after 3 years – The policy would be converted into a paid-up policy. Paid-up plans would have reduced cover and would depend on the amount of money you have paid as premiums so far.


You want to surrender the policy – The policy can be surrendered after premiums for 3 years have been paid in full.  You would get back only a part of the payments paid by you as per the policy’s surrender conditions.


You want a loan against your policy – Loan facility is available under this policy. You can get upto 80% of the surrender value of the policy as a loan.


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