Benefits of RNL Nishchit Samrudhi:
Guaranteed Benefits
Get long term guarantees for a period of up to 28 years
2 plan options
Receive guaranteed benefits based on your financial needs with option to choose from 2 plan options
Flexibility to pay premiums
Pay once1 or for a short period of 6 or 7 years
Tax benefits
Save tax up to ₹46,800 u/s 80(C) on premiums paid and also receive tax benefits on benefits received u/s 10(10D)2
Enjoy benefits of guaranteed regular income for a period of 17 or 20 years, and financial boost by way of guaranteed lumpsum benefit at maturity by paying premiums for a short period.
Minimum/Maximum Age at Entry3 (in years) |
PPT |
Age |
6 | 12/55 | |
7 | 11/52 | |
Premium Payment Term - PPT (in years) |
6 | 7 |
Policy Term – PT (in years) |
24 | 28 |
Premium Payment Frequency |
Yearly, Half-yearly, Quarterly, Monthly |
Mr. Sharma, aged 45 years, wishes to secure his retirement for the years to come. He purchases Reliance Nippon Life Nishchit Samrudhi with Income Option. He chooses to pay an annual premium of Rs.2 Lakhs for a premium payment term of 7 years and policy term of 28 years.

Total Premium Paid in 7 years: Rs.14,00,000

Receives a Guaranteed Annual Income of Rs.1,00,000 for 20 years

Receives a lumpsum Guaranteed Maturity Benefit of Rs.17,18,065

Mr.Sharma’s Benefits
Amount ( in Rs. )
Total Guaranteed Income Benefit for 20 years (A)
20,00,000
Guaranteed Maturity Benefit (B)
17,18,065
Total Benefits Received (A+B)
37,18,065
Total Premiums Paid
14,00,000
Mr. Sharma enjoys a minimum life cover of Rs. 22,00,000 (11 times the Annualised Premium)
Premium amount shown above is for healthy male life assured, exclusive of any loadings and taxesGet your maturity benefit in 4 equal instalments and fulfil your long-term goals such as business expansion or your child's education.
Minimum/Maximum Age at Entry3 (in years) |
PT |
Age |
||
15 | 3/55 | |||
16 | 2/55 | |||
17 to 20 | 1/55 | |||
Premium Payment Term - PPT (in years) |
Single Pay | 6 | 7 | |
Policy Term – PT (in years) |
15 to 20 | |||
Premium Payment Frequency (Limited Pay) |
Yearly, Half-yearly, Quarterly, Monthly |
Mr. Gupta, aged 35 years, wishes to ensure his son is able to achieve his education dreams. He purchases Reliance Nippon Life Nishchit Samrudhi with Endowment Option. He chooses to pay an annual premium of Rs. 2 Lakhs for a premium payment term of 7 years and policy term of 20 years.

Total Premium Paid in 7 years: Rs.14,00,000

Mr. Gupta receives the Guaranteed Maturity Benefit as 4 equal instalments of Rs. 9,83,671 p.a. from 20th year onwards

Mr. Gupta Benefits
Amount ( in Rs. )
Total Maturity Benefits received
39,34,684
Total Premiums Paid
14,00,000
Mr. Gupta gets a life cover of Rs. 39,34,684
The Premium mentioned above is for a healthy male and is exclusive of any loadings and taxes
713
Extensive network of offices
(As on 31st Mar 2021)
98.48%
Claim Settlement Ratio
(Individual death claim ratio as per audited figures for FY21)
₹78,847 Cr
Total Sum Assured
(As on 31st Mar 2021)
Solvency Ratio of 245%
Against a regulatory requirement of 150%
(As on 31st Mar 2021)Frequently Asked Questions
The plan offers a choice of two plan option at inception of the policy.
- a. Income Option: The option provides guaranteed annual income for 17 or 20 years with a lumpsum benefit at maturity, depending on premium payment term chosen.
- b. Endowment Option: The option provides the maturity benefit in the form of four equal annual instalments, where the first instalment payable at the end of the policy term and the remaining 3 instalments are payable during the payout period.
On death of the Life Assured during the Policy Term provided the Policy is In-Force i.e. all due Premiums have been paid as on the date of death, and depending on the premium payment options, the Claimant is paid as follows:
Premium Payment Option |
Benefit |
Limited Pay |
The claimant(s) shall receive the higher of:
Where, sum assured on death is defined as the higher of:
|
Single Pay |
The claimant(s) shall receive the sum assured on death which is defined as the higher of:
|
The policy terminates on payment of the death benefit.
The Sum Assured on Death is defined as higher of:
- i. 11 times the Annualized Premium or (1.25 times the Single Premium) and
- ii. Base Sum Assured under the plan
On survival of the Life Assured, provided the policy is in-force i.e. all due premiums have been paid, the survival benefit is payable as follows;
-
a. Income Option: Guaranteed annual income shall be paid at the end of each policy year starting after the premium payment term till one year prior to end of policy term and is calculated as follows:
Premium Payment Term
Percentage of Annualized Premium
Duration of Guaranteed Annual Income Payout
6 40% From end of 7th to 23rd policy year 7 50% From end of 8th to 27th policy year - b. Endowment Option: No survival benefit is payable under this option
On survival of the life assured to the end of the policy term, provided the policy is in-force, the following benefits will be payable, based on the plan option.
- a. Income Option: Sum Assured on Maturity payable as lumpsum
- b. Endowment Option: Sum Assured on Maturity shall be paid in 4 equal annual instalments, where the first instalment is payable at the end of the policy term and the remaining 3 instalments are payable during the payout period.
Where, payout period is the period of 3 years from the end of policy term.
In case of death of the life assured during the payout period the outstanding maturity benefit instalment, if any, as scheduled will be payable to the claimant(s).
Where Sum Assured on Maturity is equal to Base Sum Assured. The policy terminates on payment of the maturity benefit.

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