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Highlights

  • GUARANTEED
    INCOME FOR LIFE1

  • LIMITED PREMIUM
    PAYMENT TERM1

  • AVAIL LIQUIDITY IN
    CASE OFEMERGENCY2

  • FIVE ANNUITY OPTIONS
    TO CHOOSE FORM

  • FLEXIBILITY TO START
    RETIREMENT INCOME

1Joint Life Annuities may be opted with Spouse/Children/Parents/Parents in Law/Sibling 2Details of Critical Illness & Disability is provided in product brochure

This annuity option provides you with the highest retirement income through your life and is suitable for individuals who are looking to enjoy the golden years of life to the fullest.

LET US UNDERSTAND THROUGH AN EXAMPLE HOW THIS OPTION WORKS

EXAMPLE 1 – FOR A 50-YEAR-OLD MALE ANNUITANT

Premium Payment Term: 6 years

Deferment Period: 10 years

Annual Premium: ₹10 Lakhs

Total Premiums Paid: ₹60 Lakhs

Scenario I

Mr. Singh is a 50-year-old businessman. He pays ₹10 lakhs every year for the next 6 years & choses to defer his income payout by 10 years. This way, he will be ensured with a fixed guaranteed lifelong income of ₹6,58,440 per year when he turns 60.

In case of death at the age of 80, his income will cease, and the policy shall terminate.

Option1
Scenario II

If Mr. Singh passes away during the deferment period, higher of 110% of Total Premiums Paid or Surrender Value as on the date of death shall be payable and policy will terminate. No Death Benefit is payable after the completion of deferment period.

This option helps you with a steady income during your retirement and also helps to pass on a legacy to your loved ones in your absence. In the event of diagnosis of any of the covered Critical Illnesses (CI) or occurrence of Total Permanent Disability (TPD) before attaining age 80, this option provides you the flexibility to liquidate the policy by taking CI/TPD benefit.

LET US UNDERSTAND THROUGH AN EXAMPLE HOW THIS OPTION WORKS

EXAMPLE 2 – FOR A 50-YEAR-OLD MALE ANNUITANT

Premium Payment Term: 6 years

Deferment Period: 10 years

Annual Premium: ₹10 Lakhs

Total Premiums Paid: ₹60 Lakhs

Scenario I

Mr. Singh is a 50-year-old businessman. He pays ₹10 lakhs every year for the next 6 years & choses to defer his income payout by 10 years. This way, he will be ensured with a fixed guaranteed lifelong income of ₹5,58,440 per year when he turns 60.

In case of death at the age of 80, his nominee(s) will receive ₹60 lakhs and the policy will terminate.

Option1
Total Premium Paid Total Income Received Death Benefit Received
₹ 60 Lakhs ~ ₹ 1.17 Crores ₹ 60 Lakhs
Scenario II

In the event of heart attack at the age of 80, he opts for CI/TPD benefit of ₹60 Lakhs and terminates his policy.

Option1 A comprehensive list of definitions of each Critical Illness (CI) and Total Permanent Disability (TPD) covered under the plan is mentioned in Product brochure

Under this option, in the unfortunate event of policyholder’s demise post the deferment period, the sum of total premium paid less sum of all income benefit payouts is payable to the nominee. This option ensures that the minimum benefit received should not be less than the capital invested, even in case of an unfortunate early demise.

LET US UNDERSTAND THROUGH AN EXAMPLE HOW THIS OPTION WORKS

EXAMPLE 3 – FOR A 50-YEAR-OLD MALE ANNUITANT

Premium Payment Term: 6 years

Deferment Period: 10 years

Annual Premium: ₹10 Lakhs

Total Premiums Paid: ₹60 Lakhs

Mr. Ganesh is a 50-year-old doctor. He pays ₹10 lakhs every year for the next 6 years & choses to defer his payout by 10 years. This way, he will be ensured with a fixed guaranteed lifelong income of ₹6,47,560 when he turns 60.

In case of unfortunate demise of Mr. Ganesh, death benefit equal to total premiums paid up to the date of death less sum of all the income payouts paid till date to him shall be payable to the nominee(s) / legal heirs in the policy.

Option1
Age of Death Total Income Received Death Benefit Received Total Benefit
63 ₹19.43 Lakhs ₹40.57 Lakhs ₹ 60 Lakhs
80 ~ ₹1.30 Crores Nil ~ ₹1.30 Crores

Capital of Rs. 60 Lakhs remains preserved even in case of an early demise

This option is designed to ensure guaranteed income to the couples as long as they live. They can now leave their worries behind because this plan shall pay regular income not only to them, but also to their partner for lifetime. In the event of death of both the partners after the deferment period the policy shall be terminated.

LET US UNDERSTAND THROUGH AN EXAMPLE HOW THIS OPTION WORKS

EXAMPLE 4 – FOR A 50-YEAR-OLD MALE PRIMARY ANNUITANT &
45-YEAR-OLD FEMALE SECONDARY ANNUITANT

Premium Payment Term: 6 years

Deferment Period: 10 years

Annual Premium: ₹10 Lakhs

Total Premiums Paid: ₹60 Lakhs

Mr. Ganesh is a 50-year-old doctor. He pays ₹10 lakhs every year for the next 6 years & choses to defer his payout by 10 years. This way, he will be ensured with a fixed guaranteed payout of ₹5,66,810 when he turns 60.

In case of unfortunate demise of Mr. Ganesh (primary annuitant), the income payouts shall be continued & will be paid to the secondary annuitant (Ruchita)

Option1

On death of the last surviving annuitant i.e. on death of both the primary & secondary annuitant, no death benefit shall be payable and the policy will terminate

This option provides guaranteed lifetime income not only to the policyholder and their partner for the entire life, but also leave a legacy for their loved ones. In the event of any of the annuitants being diagnosed with any of the covered Critical Illnesses (CI) or occurrence of Total Permanent Disability (TPD) before attaining age 80, they have the flexibility to terminate the policy by taking the CI/TPD benefit.

LET US UNDERSTAND THROUGH AN EXAMPLE HOW THIS OPTION WORKS

EXAMPLE 5 – FOR A 50-YEAR-OLD MALE PRIMARY ANNUITANT &
45-YEAR-OLD FEMALE SECONDARY ANNUITANT

Premium Payment Term: 6 years

Deferment Period: 10 years

Annual Premium: ₹10 Lakhs

Total Premiums Paid: ₹60 Lakhs

Mr. Ganesh is a 50-year-old doctor. He pays ₹10 lakhs every year for the next 6 years & choses to defer his payout by 10 years. This way, he will be ensured with a fixed guaranteed payout of ₹5,22,690 when he turns 60.

In case of unfortunate demise of Mr. Ganesh at age 80, the income payouts shall be continued & will be paid to the secondary annuitant (Ruchita). On death of the last surviving annuitant i.e. Ruchita at age 85, the nominee / legal heir receives ₹60 Lakhs and the policy will terminate

Option1

For all the above annuity options, income benefit/annuity payouts shall be payable post completion of the deferment period as per the annuity option chosen at inception and described above. The annuity option chosen at inception cannot be altered anytime later in this policy.

Parameter Minimum Maximum
Age at Entry (years) 30 75
Minimum Premium Option 2: ₹75,000
Options 1, 3, 4 & 5: ₹1,00,000 		No Limit
Vesting Age (years) 35 80
Premium Paying Term (years) Deferment Period (years)
5 5,6,7,8,9,10,15
6 6,7,8,9,10,15
7 7,8,9,10,15
8 8,9,10,15
10 10,15
Premium Payment Frequency Yearly, Half Yearly, Quarterly & Monthly
Annuity Payout Frequency Yearly, Half Yearly, Quarterly & Monthly

All the references to age are based on age last birthday

  • 713

    Extensive network
    of offices

    (As on 31st Mar 2025)

  • 98.9%*

    Claim Settlement
    Ratio

    (Individual death claim ratio as per audited figures for FY25)

  • ₹99,567 Cr

    Total Sum
    Assured

    (As on 31st Mar 2025)

  • 235%

    Against a regulatory
    requirement of 150%

    (As on 31st Mar 2025)

Reliance Nippon Life Nishchit Pension Plan is a Non-Linked, Non-Participating, Individual, Deferred Annuity Plan. A plan that ensures guaranteed lifelong income by planning early for the golden years for your life. With RNL Nishchit Pension you can now be financially prepared for the second innings of your life.

  1. 1. Single Life Annuity
  2. 2. Single Life Annuity with Return of Premium plus CI/TPD benefit
  3. 3. Single Life Annuity with Return of Balance of Premium
  4. 4. Joint Life Annuity
  5. 5. Joint Life Annuity with Return of Premium plus CI/TPD Benefit

During
Deferment
Period
All Annuity Options: No Annuity payment shall be
made during the deferment period
After
Deferment
Period
Option 1, 2 & 3: Annuity payment shall be made in arrears as
per the chosen payment frequency as long
as the annuitant is alive.
Option 4 & 5: Annuity payment shall be made in arrears as
per the chosen payment frequency as long as
either one of the annuitant(s) are alive.

In case of unfortunate death of the annuitant(s) provided the Policy is In-force i.e., all due premiums have been paid as on the date of death, the Claimant(s) shall receive higher of:

Policy Year
Benefit
During
Deferment
Period
Option 1, 2 & 3: 110% of Total Premiums Paid upto the date of death shall be payable.

Option 4 & 5: On death of the last surviving annuitant i.e. on death of both the Annuitants, 110% of Total Premiums Paid upto the date of death of the last surviving annuitant shall be payable.
After
Deferment
Period
Option 1 & 4: No death benefit is payable.

Option 2: Total Premiums Paid upto the date of death shall be payable.

Option 3: Total Premiums Paid less sum of all the Annuity payments paid up to the date of death under the policy subject to minimum of zero.

Option 5: On death of the last surviving annuitant i.e. on death of both the Annuitants, Total Premiums Paid upto the date of death of surviving annuitant shall be payable.

The policy terminates on payment of the death benefit to the Claimant(s).

Critical Illness / Total Permanent Disability Benefit available under plan option 2 & 5
During Deferment Period
and After Deferment Period
In the event of diagnosis of any one of the covered Critical Illness (CI) or on occurrence of Total Permanent Disability (TPD) to the Annuitant, before the attainment of the age of 80 years, the Policyholder shall have an option to continue the Policy or terminate the policy by taking the following CI/TPD benefit:
CI/TPD benefit is equal to higher of Surrender Value or Total Premiums Paid up to the date of diagnosis of CI/date of occurrence of TPD. The policy shall terminate on payment of CI/TPD benefit.

This is an optional benefit, and the annuitant(s) may continue with the policy as per his/her convenience, without opting the CI/TPD benefit claim.

Deferment Period (DP) is the period which starts from the Date of Commencement of Policy and is more than or equal to the Premium Paying Term (PPT). Post the Deferment Period, first Annuity becomes payable to the Annuitant. Policyholder has an option to choose Deferment Period.

Reliance Nippon Life Insurance Company Limited (IRDAI Reg. No 121). Registered Office: 401B, 402, 403 & 404, 4th Floor, Inspire-BKC, G Block, BKC Main Road, Bandra Kurla Complex, Bandra East, Mumbai– 400051, India. T +91 22 68965000. Call us on our Toll free no. 1800 102 1010. Trade logo displayed above belongs to Anil Dhirubhai Ambani Ventures Private Limited & Nippon Life Insurance Company and used by Reliance Nippon Life Insurance Company Limited under license. Reliance Nippon Life Insurance Company is only the name of the Insurance Company, and Reliance Nippon Life Nishchit Pension (UIN: 121N158V02) is only the name of the deferred annuity plan. For more details on risk factors, associated terms and conditions and exclusions please read sales brochure carefully before concluding a sale. *Tax benefits may be applicable as per prevailing income tax laws. Tax laws are subject to change. Please consult a tax advisor.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS: IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Mktg/RKL/Nishchit Pension Landing Page/V1/June25