The Reliance Super Golden Years Plan gives you the power and the right kind of solution - A retirement plan that allows you to save systematically and generate the much-needed corpus to make your olden years look golden.
UNDER THIS PLAN THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.

» Key Features

» How this Plan Works?

The plan works in two parts – the Accumulation Period (i.e. the Policy Term) and the Distribution Period.
The Accumulation period is the time when you build up your funds through premiums payment. On your chosen Vesting Date, the Accumulation Period ends and the Distribution period begins. You are free to choose your age of Retirement (Vesting Date) between 45 and 70 years. After the Vesting Date, the Annuity Payments begin.

» Flexibility

a)Flexibility to pay top-ups: If you have received a bonus or some lumpsum money you can use that as a top-up to increase your investments at any time in your Policy. The minimum Top up amount is Rs. 2,500. 95% of any amount paid as top-up is allocated to your funds.
b) Flexibility to pay Single Premium: If you do not want to pay premium regularly, you can choose to opt for Single Premium. The minimum Single Premium amount is Rs 10,000.
c) Flexibility to switch between funds: Depending upon the performance of your funds you can switch between them. There will be one free switch in a Policy Year and for additional switches, Switching Charge of 1% of amount switched will be levied, subject to a maximum of Rs 1000 on each such occasion.
d) Flexibility to advance/extend your Vesting Age: You may choose to extend the Vesting Date to any later Policy Anniversary, provided the Policy vests before the attainment of age 70 years. The request for extending the Vesting Date must be made at least one month before the original Vesting Date.

» Tax Benefits

Premiums paid are eligible for tax deduction under the Income Tax Act, 1961 and subsequent amendments.

» Disclaimer