Knowledge Base Life Insurance Money Back Reliance Life Cash Flow Review
Wednesday, 27 July 2011 16:22

Reliance Life Cash Flow Review

Written by  Yashish Dahiya
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Reliance Life Cash Flow Review 

Plan Name: Cash Flow

Insurer: Reliance Life Insurance Company Limited

Category: Traditional Plan

Objective: Financial protection of family and periodic returns on investment

Major USP of Reliance Cash Flow 

Bonus Additions

Large Sum Assured  Rebate

Riders available

Eligibility of Reliance Cash Flow 

Minimum Entry Age: 15 Years

Maximum Entry Age: 63 Years

Maximum Age at Maturity: 70 years

Policy Term: 7-34 years

Minimum Sum Assured: Rs 25,000

What benefits does Reliance Cash Flow offer? 

Death benefit:

In case the Life Assured passes away, Sum Assured along with vested bonuses will be paid.


Maturity Benefit:

A specified % of Sum Assured is paid on fourth policy year and every third policy anniversary thereafter. On maturity, life cover deducted by survival benefits already made and vested bonuses will be paid.


The accumulated amount will receive bonus additions depending upon performance of the company.



If Sum Assured is equal or more than Rs 1 lacs, discount on basic Premium is also given.



The following riders can be availed with Cash Flow:

- Reliance Accidental Death & Total & Permanent Disablement Rider ( Inbuilt Waiver of Premium)

- Reliance Critical Conditions Rider


Are there any tax benefits?

Under Section 80C you can avail tax benefit, yearly premium (not more than 1lac) will be deducted from taxable income.

Under Section 10(10D) death claim is completely tax free.


What else should I know about?

Paid up Sum Assured: After three policy years if you are unable to continue policy, you can convert to paid up. The policy will not participate in future performance. On maturity or death, reduced Sum Assured with guaranteed addition and any vested bonuses if any will be paid.


Surrender Value: In case you want to cancel Reliance Cash Flow plan after 3 years, the minimum guaranteed surrender value will be paid which is equivalent to 30% of all premiums paid barring the first year premium.


Free Look Period: Cash Flow plan can be cancelled within 15 days of receiving the policy contract. A written application can be submitted to any branch for the same. The premium will be paid back minus some charges like stamp duty, medical reports.


What’s Policybazaar opinion on Reliance Cash Flow? 

Reliance Cash Flow is a typical traditional plan. There are the usual bonuses which will be added to your corpus amount. Two riders are available to choose from to increase financial security.


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