IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.

The Linked Insurance Products do not offer any liquidity

during the first five years of the contract. The policyholder will not be able to surrender/withdraw the monies invested in Linked Insurance Products
completely or partially till the end of the fifth year.

THINK LIKE A
WINNER, PLAN
LIKE A CHAMPION
RNL
WIN
WEALTH &
INSURANCE
PLAN
Reliance Nippon Life Wealth and Insurance Plan
A Unit Linked, Non-Participating, Individual Life Insurance Savings Plan
Reliance Nippon Life Wealth and Insurance Plan
A Unit Linked, Non-Participating, Individual Life Insurance Savings Plan

You often envision a prosperous future for yourself and your loved ones. Yet, life's unpredictability
often reminds us of the importance of safeguarding our families and building sufficient financial
corpus for their goals. It's crucial not only to ensure financial growth but also to shield the wealth we
accumulate from potential downturns.

Presenting Reliance Nippon Life Wealth and Insurance Plan, a protection-oriented unit linked plan.
Tailored to ensure your family is well-protected with a robust life coverage while helping you grow
your wealth to reach your long-term ambitions. Secure your future and enjoy a stress-free life with
Reliance Nippon Life Wealth and Insurance Plan.

Unique Value Proposition of the plan:

Choose a Life Cover of up to 100 times1 Annualized Premium

Stay protected up to 85 years of age

Flexibility of premium payment as per your convenience:

You can choose to pay premiums for short term period of 5,6,7 or 8 years.
You also have the flexibility to pay premiums for longer term period of 10,12,15 or 20 years.

Our key funds to suit your investment needs:

Gain from the Midcap growth story by investing in our Life Midcap Fund 2 that provides potential
for higher return in the long term through high exposure to equity investments in Midcap
companies.
Invest in Life Large Cap Equity Fund that predominantly invest in large cap equities with particular
focus on companies having demonstrable corporate governance, built-in competitive advantage
in their business model and good track record in financial performance.

Apart from the above two funds, the product offers six more funds with a varied risk profile
ranging from debt to equity for investment as per your risk appetite.

Boost your fund value with the following Returns of Charges & Additions
Return of 100% of the Premium Allocation Charge at the end of the 15th policy year.
Return of Mortality Charge starting from the 15th policy year.
Additions up to ~27.752 times the Annualized Premium during the entire policy term in the form
of Loyalty Additions & Wealth Boosters
Total Loyalty Additions is 8.5 times Annualized Premium
Total Wealth Booster is 19.25 times Annualized Premium

1. For lives between 18-35 years of age with Premium Paying Term of 10-years & above.
2.The above Loyalty Addition & Wealth Booster is depicted for an 18-year-old Healthy Life with Premium Paying Term of 20 years, Annualized
Premium of `5lacs & above and Sum Assured of `5 crore, provided no partial withdrawal during the entire tenure of the policy.

Page 1
How does the plan work?

Decide your Premium Amount, Premium Payment Term and Sum Assured
Choose amongst 8 investment funds as per your risk appetite
On maturity of your Policy, receive your maturity benefit as a lump sum
In case of your unfortunate death during the Policy Term your nominee will receive the death
benefit

Let’s take an example below to understand how this policy works

Mr. Sharma, a 45-year-old male is seeking a plan that offers a high life insurance coverage to ensure
his family's financial needs are met if he is no longer present, and as a financially sound person, he
also aims to invest his money with the goal of building a significant financial corpus. He opts for
Reliance Nippon Life Wealth and Insurance Plan; let’s see how this plan will enable him to fulfil both
of his objectives.

Base Sum Assured ₹1,00,00,000 Annualized Premium ₹2,00,000 (Annually)

Policy Term 40 years Premium Payment Term 10 years

ROMC
Fund Value
@8% ₹1,78,67,551
@4% ₹65,68,503
ROPAC

Wealth Boosters

Premium of ₹2 lakhs Loyalty Additions

p.a. for 10 years

Policy year: 0 9 40
Age: 45 54 85

Amount in (₹) Amount in (₹) No. of Times of

Benefit @8% @4% Annualized Premium
Loyalty Additions 5,60,000 5,60,000 2.8

Wealth Boosters 20,00,000 20,00,000 10

Return of Premium Allocation Charges 60,000 60,000 0.3

Return of Mortality Charges 9,81,828 10,95,026 - 4.9 @8%, - 5.5 @4%

Fund Value on Maturity 1,78,67,551 65,68,503

Total Premiums Paid 20,00,000 20,00,000

The Benefits illustrated in the table above assume no partial withdrawals are made in the policy during the entire policy term.

In case of Death of Mr. Sharma during the policy term, higher of prevailing Base Sum Assured net of
all “Deductible Partial Withdrawals” if any, Fund Value or 105% Total Premium(s) Paid, will be paid to
the nominee and the policy will terminate.
Page 2
Boundary Conditions

Minimum: 18 years
Entry Age Maximum: 60 years
For PPT 20 years, the maximum entry age is 55 years

Maturity Age 85 years

Policy Term 85 years minus entry age

Premium Payment Term 5, 6, 7, 8, 10, 12, 15 and 20 years

Annualized Premium Minimum: ₹1,00,000

Maximum: No Limit, subject to Board Approved
Undwriting Policy

Minimum:
Entry Age Sum Assured
Sum Assured 18 to 45 years ₹35,00,000
46 to 50 years ₹20,00,000
51 to 60 years ₹5,00,000
Maximum: No Limit, subject to Board Approved
Underwriting Policy
Frequency of Premium Payment Yearly, Half-Yearly, Quarterly and Monthly

Note: All the references to age are based on age last birthday. Risk commencement date will be the same as Policy commencement date.

Benefits in Detail

Maturity Benefit:
On survival of the Life Assured till the end of the Policy Term, the Maturity Benefit equal to the fund
value of the policy will be payable.

Death Benefit:
In an unfortunate event of death of the Life Assured, provided the Policy in-force, the following benefit
will be payable:
Higher of:
• Base Sum Assured net of all ‘Deductible Partial Withdrawals’, if any; or
• Fund Value as on the date of intimation of death; or
• 105% of the Total Premium(s) Paid

Where Base Sum Assured is an amount, chosen by the Life Assured at the time of inception of the
policy.

For policies with Base Sum Assured is greater than 10 times of Annualized Premium, the Base Sum
Assured will reduce to 10 times of the Annualized Premium from policy anniversary immediately
following the attainment of age of 65 years of the Life Assured till the end of the Policy Term.

Page 3
For the purpose of determining Death Benefit, the “Deductible Partial Withdrawals” mentioned above
shall mean the Partial Withdrawals made from the Fund Value during the last two years immediately
preceding the date of death of the Life Insured.

On payment of the Death Benefit, the Policy shall terminate, and no other Benefit shall be payable.

Return of Charges, Loyalty Addition and Wealth Booster

• Return of Premium Allocation Charges (ROPAC):

The total Premium Allocation Charges (excluding taxes) deducted during the premium payment term
shall be added back to Your Fund Value in the form of additional units immediately after the end of
15th Policy Year, provided the policy is In-force status. Additional units equivalent to the amount of
charges to be returned will be allocated between the funds in proportion to the value of total units
held in each fund at the time of allocation.

• Return of Mortality Charges (ROMC):

For an In-force policy, the Mortality Charges (excluding taxes & extra mortality charge due to
underwriting, if any) deducted in the policy shall be added back immdiately after end of Policy Year
starting from 15th Policy Year to your Fund Value in the form of additional units.

The table below shows the timings of the Return of Mortality Charge, applicable during the policy
term, and Mortality Charges of the corresponding period which will be returned.

Return of Mortality Charges at Mortality Charge corresponding

the end of Policy Year to the period
15th 1st to 5th Policy Year
20th 6th to 10th Policy Year
25th 11th to 15th Policy Year
30th
16th to 20th Policy Year
35th 21st to 25th Policy Year
40th 26th to 30th Policy Year
45th 31st to 35th Policy Year
50th
36th to 40th Policy Year
55th 41st to 45th Policy Year
60th 46th to 50th Policy Year
65th 51st to 55th Policy Year

Charges to be added back will be allocated between the funds in proportion to the value of total
units held in each fund at the time of allocation.
• Loyalty Addition:
Starting from the 6th policy year and thereafter every subsequent fifth policy year during the policy
term, Loyalty Additions would be added to Your Fund Value in the form of additional units immediately
after end of the respective Policy Year, provided the policy is In-force status. The value of theadditional
units added would be a percentage of the Annualized Premium as mentioned in the table below.

Page 4
 At the end
of Policy Year 6th 11th 16th 21st 26th 31st 36th 41st 46th 51st, 56th, 61st & 66th

Percentage of
Annualized 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Premium

The Loyalty Additions shall be allocated between funds in proportion to the value of total Units held
in each fund at the time of allocation.

Further, the amount of each Loyalty Addition will be subject to a maximum of 20% of the Fund
Value at the time of allocation.

• Wealth Booster:
Wealth Booster as a percentage of Annualized Premium will be added immediately after end of
Policy Year to the Fund Value in the form of additional units starting from the year in which Wealth
Booster Start Age (WBSA) is attained and thereafter every subsequent fifth year during the Policy
Term, provided the policy is In-force status. The Wealth Booster Start Age is based on the Age at
Entry of the Life assured as mentioned in the table below:
Entry Age of Life Assured (years) Wealth Booster Start Age (WBSA)
<=45 65
46-54 70
55-60 75
All Ages in years

Wealth Booster would be a percentage of the Annualized Premium and shall vary basis the Age
of the Life Assured, Annualized Premium & Premium Paying Term chosen by the Policyholder as
mentioned in the table below:
Wealth Booster (as Percentage of Annualized Premium)

Annualized Equals to & Higher Equals to & Higher Equals to & Higher
Premium than ₹ 1,00,000 but than ₹ 2,00,000 and than ₹ 5,00,000
less than ₹ 2,00,000 less than ₹ 5,00,000
Age at Entry of the Life
Assured <= 45 > 45 <= 45 > 45 <= 45 > 45
Premium Payment Term

5 65% 60% 100% 95% 110% 105%

6 80% 60% 125% 95% 140% 105%
7 100% 75% 150% 115% 165% 125%
8 115% 85% 175% 130% 195% 145%
10 130% 100% 200% 150% 220% 165%
12 165% 125% 250% 190% 275% 210%
15 195% 145% 300% 225% 330% 250%
20 225% 170% 350% 260% 385% 285%

Further, the amount of each Wealth Booster as mentioned in the table above will be subject to a
maximum of 30% of the Fund Value at the time of allocation.
Page 5
The Wealth Booster shall be allocated between funds in proportion to the value of total Units held in
each fund at the time of allocation.

Investment Options

The plan offers eight fund options, You can select between these funds in any proportion as per your
choice. The details of the funds are given in the table below.

Asset
Risk
Fund Name Investment Objectives Asset Class Allocation
Profile
Range (%)

To generate consistent long-term Debt Securities 0 – 10

performance through exposure to
predominantly large cap equities with Money Market
particular focus on companies having Instruments
demonstrable corporate governance, including Net
Life Large Cap built-in competitive advantage in their Current Asset and 0-40
Equity Fund (SFIN: business model and good track record in Mutual Funds
High (including liquid
ULIF07101/12/19LL Financial Performance. Further, we
ARGCAPEQ121) recognize that there is significant probability mutual funds)
of negative returns in the short term. The risk
appetite is ‘high’. In adverse situations Equity and equity
investments in money market securities related instruments 60-100
would be increased to protect policy holders including ETFs
long term interests and returns.

Provide high real rate of return in the long Money market 0 – 25

Life Equity Fund 3 term through high exposure to equity instruments
(SFIN:ULIF04201/01 investments, while recognizing that there is High
/10LEQUITYF03121) significant probability of negative returns in
Equities 75 – 100
the short term. The risk appetite is ‘high’

Money market 0 -40

instruments

The investment objective of the Pure Equity Equities in sectors

Life Pure Equity other than banks
fund is to provide Policyholders high real
Fund 2 and non-banking
rate of return in the long term through high
(SFIN:ULIF04601/ financial
exposure to equity investments, while High
01/10LPUEQUTY0 companies,
recognizing that there is significant
2121) breweries,
probability of negative returns in the short
distilleries, alcohol 60 -100
term. The risk appetite is ‘high’
based chemicals,
cigarettes, tobacco,
entertainment,
leather, sugar and
hatcheries

Page 6
 Asset
Risk
Fund Name Investment Objectives Asset Class Allocation
Profile
Range (%)

Debt securities 0 – 20
Make in India
Fund The investment objective of the fund is to
provide high return in the long term through Money market
(SFIN: instruments,
exposure to equity investments in the High 0 – 20
ULIF06924/03/ Mutual Funds,
15LMAKEINDIA1 sectors related to industrial activity. The risk
appetite is ‘high’ Bank Deposit
21)
Equities 60 – 100
The investment objective of the fund is to Debt securities 60 – 100
Life Balanced
provide investment returns that exceed the
Fund 1
rate of inflation in the long term while Low to Equities 0 – 40
(SFIN:ULIF00128
maintaining a low probability of negative Moderate
/07/04LBALAN Money market
returns in the short term. The risk appetite is 0 – 25
CE01121 instruments
defined as ‘low to moderate’
Money market
instruments 0 - 25
Provide returns that exceed the inflation
Life Corporate
rate, while taking some credit risk (through Corporate bonds/
Bond Fund 1
investments in corporate debt instruments) Low to debentures and
(SFIN:ULIF02310
and maintaining a moderate probability of Moderate other debt
/06/08LCORBO 75 - 100
negative return in the short term. The risk instruments
ND01121)
appetite is ‘low to moderate’ excluding money
market instruments
Life Money
Maintain the capital value of all
Market Fund 1
contributions (net of charges) and all interest Money market
(SFIN:ULIF02910 Low 100
additions, at all times. The risk appetite is instruments
/06/08LMONM
‘low’.
RKT01121)

Equities
predominantly in
0 – 100
Provide potential for higher return in the mid cap
Life Midcap long term through high exposure to equity companies
Fund 2 investments in Midcap companies, while
(SFIN:ULIF04501 recognizing that there is significant High Corporate bonds
/01/10LMIDCAP probability of negative returns in the short and other debt
F02121) related 0 – 100
term. The risk appetite is ‘high’. instruments/Banks
deposits/Money
market instruments

Page 7
Other Features

Partial Withdrawal from the policy.

• Partial Withdrawals from the Fund Value are available only after the completion of Lock-in Period
i.e. first five policy years.
• The first Two Partial Withdrawals in a Policy Year are free of charge. On every subsequent Partial
Withdrawal, within the policy year, a Partial Withdrawal Charge of Rs.100 will be deducted each
time from the Fund withdrawn.
• The minimum amount of Partial Withdrawal is Rs. 10,000 and the maximum Partial Withdrawal in
a Policy Year shall not exceed 20% of the Fund Value at the beginning of the Policy Year. Partial
withdrawal will be allowed till the Fund Value reaches the total premiums paid, up to the date of
partial withdrawal. The partial withdrawals shall not be allowed which would result in termination
of the Policy.
• The Base Sum Assured will be reduced to the extent of Deductible Partial Withdrawals. For the
purpose of determining Death Benefit, the “Deductible Partial Withdrawals” mentioned above shall
mean the Partial Withdrawals made from the Fund Value during the last two years immediately
preceding the date of death of the Life Insured.

Switching

You are entitled to 52 free switches each Policy Year. Subsequent switches if any will have a fixed
Charge of Rs 100 per switch. You will have the flexibility to alter the allocation of your investments
among the Fund(s) offered in order to suit your changing investment needs by switching between the
Fund(s).

Premium Redirection

You can choose to change the allocation of future premiums with premium redirection feature. In this
case all your future premiums will be allocated to the investment fund(s) of your choice, without
changing your existing fund allocation.

Premium Discontinuance

The Policy will move into discontinuance status on expiry of the Grace Period in case of
discontinuance of the Policy due to non-payment of premium.

• Discontinuance of Policy within Lock-in Period

Upon expiry of the Grace Period, in case of Discontinuance of Policy due to the non-payment of
Premiums, the Fund Value after deducting the applicable Discontinuance charge shall be credited
to the Discontinued Policy Fund and the risk cover and rider cover, if any, shall cease.
Such Discontinued Policy shall be provided a Revival Period of three years from date of first unpaid
premium.

On such Discontinuance, the Company shall communicate the status of the Policy, within three
months of the first unpaid Premium, to the Policyholder and provide the following options
specified below:

Page 8
 Option Description Treatment

• In case the Policyholder opts to Revive but does not Revive the
Policy during the Revival Period, the proceeds of the Discontinued
Policy Fund shall be paid to the Policyholder at the end of the
Revival Period or Lock-in Period, whichever is later, and the Policy
will terminate. In respect of Revival Period ending after the end of
the Lock-in Period, the Policy will remain in the Discontinued
Policy Fund till the end of the Revival Period. At the end of the
Revival Period, the proceeds of the Discontinued Policy Fund shall
Revive the Policy within
be paid to the Policyholder and the Policy shall terminate.
the Revival Period of
• In case the Policyholder does not exercise the option as
1 three years from the
mentioned above, the Policy shall continue without any risk cover
date of first unpaid
and rider cover (if any) and the Fund Value will remain invested in
Premium
the Discontinued Policy Fund. At the end of the Lock-in Period, the
proceeds of the Discontinued Policy Fund shall be paid to the
Policyholder and the Policy shall terminate.
Fund Management Charge of the Discontinued Policy Fund will be
applicable during this period and no other charges shall be
applicable.
You may choose to revive the Policy within the Revival Period in
accordance with “Policy Revival” section detailed below.

2 Surrender the Policy You have the option to Surrender the Policy any time and you will be
entitled to the Discontinued Policy Fund Value at the end of Lock-in
Period or on date of Surrender, whichever is later and the Policy will
be terminated.

In the event of death of the Life Assured while the Policy is in Discontinuance status, the proceeds
from the Discontinued Policy Fund shall be payable immediately as on the date of intimation of
death and the Policy shall terminate.

• Discontinuance of Policy after the Lock-in Period

If due Premium has not been paid, within the Grace Period, the Policy shall be converted into a
reduced Paid-up Policy with the Paid-up sum assured. Paid-up sum assured is equal to prevailing
Base Sum Assured at the time of Paid-up multiplied by the total number of premiums paid divided
by the original number of premiums payable as per the terms and conditions of the Policy.

The Policy shall continue to be in reduced Paid-up status without rider cover (if any). All charges as
per terms and conditions of the Policy will be deducted during the Revival Period. The Mortality
Charge will be deducted based on the reduced Paid-up sum assured only.
On such Discontinuance the Company shall communicate the status of the Policy within three
months of the date of first unpaid Premium to the Policyholder and provide the following options as
specified below:

Page 9
 Option Description Treatment

1 Revive the Policy within • In case the Policyholder opts to Revive but does not Revive the
the Revival Period of 3 Policy during the Revival Period, the Fund Value shall be payable at
years the end of the Revival Period and the Policy will terminate.
• In case the policyholder does not exercise the option as mentioned
above, the policy shall continue to be in reduced paid up status. At
the end of the revival period the Fund Value shall be payable, and
the policy will terminate

2 Surrender the Policy The Policyholder has the option to Surrender the Policy any time
during the Revival Period and the Fund Value shall be payable
immediately and the Policy will terminate
In the event of death of the Life Assured during the Revival Period, the following benefit will be
payable:
Higher of:
• Paid Up Sum Assured at the time of death, net of all “Deductible Partial Withdrawals, if any; or
• Fund Value; or
• 105% of the total premium(s) paid

For the purpose of determining Death Benefit, the “Deductible Partial Withdrawals” mentioned above
shall mean the Partial Withdrawals made from the Fund Value during the last two years immediately
preceding the date of death of the Life Insured.
The Policy shall terminate on payment of the Death Benefit.

Treatment of the Policy while the funds are in the Discontinued Policy Fund

• A Fund Management Charge of 0.50% p.a. of the Discontinued Policy Fund will be applied. No
other Charges will apply.
• During the period of Discontinuance, a minimum guaranteed interest rate specified by IRDAI from
time to time will apply on the Discontinued Policy Fund. The current minimum guaranteed interest
rate applicable to the Discontinued Policy Fund is 4% p.a.
• During the period of Discontinuance, Return of Premium Allocation Charges, Return of Mortality
Charges, Loyalty Addition and Wealth Booster, if any, shall not be added.
• The excess income earned in the Discontinued Policy Fund over and above the minimum
guaranteed interest rate shall also be apportioned to the Discontinued Policy Fund.

Details of the Discontinued Policy Fund are given below:

Asset Allocation
Fund Name Investment Objectives Asset Class Target (%)
Range (%)
Discontinued The objective of the fund is to maintain Money 0-40 30
Policy Fund capital value of the fund at all times and market
(SFIN: earn a minimum predetermined yield, at instruments
ULIF05703/0 the rate determined by the regulator
9/10D from time to time and maintain sufficient Government 60-100 70
ISCPOLF01121) liquidity to meet the pay outs. The fund Securities
would predominantly stay invested in
money market instruments and short
term securities. Risk appetite of the fund
is defined as 'low'.

Page 10
Surrender

On Surrender during the Lock-in Period, the Fund Value, after deduction of applicable Discontinuance
Charge, shall be transferred to the Discontinued Policy Fund and risk cover and rider cover, if any,
shall cease. The proceeds from the Discontinued Policy Fund shall be payable on the completion of
the Lock-in Period and the Policy shall terminate.
In the event of death of the Life Assured before the end of the Lock-in Period, the proceeds from the
Discontinued Policy Fund shall be payable immediately and the Policy will terminate.
On Surrender after the Lock-in Period, Fund Value is payable immediately and the Policy terminates.

Policy Revival

• Revival of a Discontinued Policy during Lock-in Period:

a. The Policyholder may revive the Policy within the Revival Period of three consecutive complete
years from the date of the first unpaid Premium.
b. Where the Policyholder revives the Policy, the Policy shall be revived by restoring the applicable
risk cover, along with the investments made in the Segregated Funds as chosen by the
Policyholder, out of the Discontinued Fund, less the applicable charges in accordance with the
terms and conditions of the policy.
c. Company reserves the right to obtain additional information before reviving the Policy and also
the right to decline revival of the Policy or impose additional Mortality Charges as per Board
Approved Underwriting Policy of the Company.
d. The rider benefits, if any, can also be revived subject to the Board Approved Underwriting policy.
e. The Company, at the time of revival:
i. Shall collect all due and unpaid premiums (including rider Premiums, if any) without charging
any interest or fee, subject to the Board Approved Underwriting policy.
ii. Shall levy Premium Allocation Charge and Policy Administration Charge as applicable during
the Discontinuance period. No other charges shall be levied.
iii. Shall add back to the Policy, the Discontinuance charges deducted at the time of
Discontinuance of the Policy

• Revival of a Discontinued Policy after Lock-in Period:

a. The Policyholder may revive the Policy within the Revival Period of three consecutive complete
years from the date of the first unpaid Premium.
b. Where the Policyholder revives the Policy, the Policy shall be revived restoring the applicable risk
cover, subject to the terms and conditions of the policy.
c. The rider benefits, if any, can also be revived subject to the Board Approved Underwriting policy.
d. The Company, at the time of revival:
i. Shall collect all due and unpaid premiums (including rider Premium, if any) without charging
any interest or fee.
ii. Shall levy Premium Allocation Charge as applicable.
iii. Any Loyalty Additions, Wealth Booster, ROPAC and ROMC if due but not allocated during the
period the policy was in discontinuance, shall be added to the fund as on date of revival. The
same would be credited as additional Units in the same proportion as the value of Units in
the respective funds as on the date of such additions.

Page 11
Fund Value Details
• Computation of Net Asset Value (NAV)
The NAV will be computed as per IRDAI (Insurance Products) Regulations, 2024.
The NAV for a particular fund shall be computed as: Market Value of investment held by the fund
plus the value of current assets less the value of current liabilities and provisions, if any. This gives
the net asset value of the fund. Dividing by the number of units existing at the valuation date
(before creation/redemption of units), gives the unit price of the fund under consideration.
In case the valuation day falls on a holiday/non business day, then the exercise will be done on the
following working day.
We reserve the right to value less frequently than daily in extreme circumstances, where the value
of the assets may be too uncertain. In such circumstances we may defer the valuation of assets for
up to 30 days until the company feels that the certainty as to the value of assets has been
resumed. The deferment period of the valuation of assets will be with prior consultation with IRDAI.

• Allocation of Units
The Company applies premiums after deducting Premium Allocation Charge if any along with GST,
to allocate Units in one or more of the Unit linked funds in the proportion which the policyholder
specifies. The allotment of units to the policyholders will be done only after the receipt of premium
proceeds as stated below;
In case of New Business, units shall only be allocated on the date of the proposal is completed and
results into a Policy by the application of money towards premium.
In the case of renewal premiums, the premium will be adjusted on the due date, even if it has been
received in advance. (This assumes that the full stipulated premium is received on the due date.)
Renewal premiums received in advance will be kept in the deposit account and will not earn any
returns until the renewal premium due date on which the same will be applied to the unit funds.

• Redemptions
In respect of valid applications received (e.g. surrender, switching, etc.) up to 3.00 p.m. by the
company, the same day's closing unit price shall be applicable. In case of a holiday or
non-business day the closing unit price of the next business day shall be applicable.
In respect of valid applications received (e.g. surrender, switching, etc.) after 3.00 p.m. by the
company, the closing unit price of the next business day shall be applicable.
The unit price for each segregated fund provided under this product shall be made available to the
public on a daily basis. The unit price will also be displayed in the web portal of the Company.

• Cancellation of units
To meet fees and charges except Premium Allocation Charge and FMC and to pay benefits, the
Company will cancel the units to meet the amount of the payments which are due. If units are held
in more than one Unit Linked Fund, then the Company will cancel the units in each fund to meet
the amount of the payment. The value of units cancelled in a particular fund will be in the same
proportion as the value of units held in that fund is to the total value of units held across all funds.
The units will be cancelled at the prevailing unit price.
The FMC will be priced in the unit price of each Fund on a daily basis.

• Policy Fund Value

The value of your Policy fund at any time is the total value of units at that point of time in a
segregated fund i.e. total number of units under a Policy multiplied by the Net Asset Value (NAV)
per unit of that fund. If you hold units in more than one Unit Linked Fund, then the value of the fund
is the total value across all Unit Linked Funds.
Page 12
Charges
Premium Allocation Charges
The Premium Allocation Charge as a percentage of the premium will be deducted from the premium
amount at the time of premium payment and the balance premium will be used to allocate Units in
the chosen Fund/s thereafter. The Premium Allocation Charges are as follows:

Policy Year 1st 2nd to 5th 6th onwards

Premium Allocation Charge 10% 5% Nil

Policy Administration Charges

A monthly Policy Administration Charge of Rs. 500 will be deducted from 6th Policy year, at the start
of every policy month (till termination of the Policy) by cancelling the Units proportionately, from each
segregated fund held by the Policyholder during the corresponding month.

Mortality Charge
This Charge will be deducted from the Fund Value. The Mortality Charges will vary depending on the
amount of life insurance cover, attained age of the Life Assured, occupation, health of the Life Assured
at inception of the Policy and prevailing Fund Value.

The Mortality Charges will be deducted by cancellation of Units at the prevailing NAV per Unit (Unit
price) on a monthly basis at the beginning of each Policy month using 1/12th of the mortality rates.

Extra mortality charges may be levied for sub-standard lives.

Sample Mortality Charge/rate:
Age (years) 35 45

Mortality Charge (Rs. per 1000 Sum at Risk) 886 1773

The above mortality charge is for Male lives, Premium Payment Term of 10 years, Premium of ₹ 2,00,000 and Base Sum Assured of ₹ 1,00,00,000.

Fund Management Charge (FMC)

FMC will be priced in the NAV per Unit (Unit price) of each Fund on a daily basis.

Fund Name Annual Rate

Life Large Cap Equity Fund (SFIN: ULIF07101/12/19LLARGCAPEQ121) 1.35%

Life Equity Fund 3 (SFIN:ULIF04201/01/10LEQUITYF03121) 1.35%
Life Pure Equity Fund 2 (SFIN:ULIF04601/01/10LPUEQUTY02121) 1.35%
Make in India Fund (SFIN:ULIF06924/03/15LMAKEINDIA121) 1.35%
Life Midcap Fund 2 (SFIN:ULIF04501/01/10LMIDCAPF02121) 1.35%
Life Corporate Bond Fund 1 (SFIN:ULIF02310/06/08LCORBOND01121) 1.25%
Life Money Market Fund 1 (SFIN:ULIF02910/06/08LMONMRKT01121) 1.25%
Life Balanced Fund 1 (SFIN:ULIF00128/07/04LBALANCE01121) 1.25%
Discontinued Policy Fund (SFIN: ULIF05703/09/10DISCPOLF01121) 0.50%

Page 13
Partial Withdrawal Charges

Two Partial Withdrawals in a Policy Year are free of charge. On every subsequent Partial Withdrawal
Charge, a Partial Withdrawal Charge of Rs. 100 will be deducted from the withdrawn fund.

Discontinuance Charge

The Discontinuance Charges are as given below:

Policy Discontinued in Discontinuance Charge

Year 1 Lower of 6% of (AP or FV), subject to a maximum of Rs.6,000

Year 2 Lower of 4% of (AP or FV), subject to a maximum of Rs.5,000
Year 3 Lower of 3% of (AP or FV), subject to a maximum of Rs.4,000
Year 4 Lower of 2% of (AP or FV), subject to a maximum of Rs.2,000
Year 5 onwards Nil

Where AP is Annualized Premium and FV is Fund Value.

Goods and Services Tax

The GST & cess, if any will be levied on Premium Allocation Charge, Fund Management Charge, Policy
Administration Charge, Mortality Charge, Switching Charge, Rider Premium/Charges, if any, Partial
Withdrawal Charge and Discontinuance Charge. The levy shall be as per the rate of GST, declared by
the Government from time to time.

The GST & cess, if any, is collected as mentioned below:

• The GST & cess, if any, on Premium Allocation Charge, if any, will be deducted from the
premium along with the Premium Allocation Charge.
• The GST & cess, if any, on Fund Management Charge will be priced in the Unit price of each
Fund on a daily basis.
• The GST & cess, if any, on Policy Administration Charge, Mortality Charge, Discontinuance
Charge, Partial Withdrawal Charge and Switching Charge will be recovered by cancellation of
Units at the prevailing Unit price.

Switching Charges

There are 52 free switches during any Policy Year. Subsequent switches if any will have a fixed Charge
of Rs 100 per switch. Switching Charge will be recovered by cancellation of Units at the prevailing Unit
price. Unused free switches cannot be carried forward to a following Policy year.

Revision in Rate of Charges

The Company reserves the right to change the Fund Management Charge. However, the maximum
FMC on any fund excluding Discontinued Policy Fund will be 1.35% p. a. and the maximum FMC on
Discontinued Policy Fund will be 0.5% p. a.
The Policy Administration Charge is subject to revision at any time, but will not exceed Rs. 500 per
month. Page 14
The Partial Withdrawal Charge and Switching Charge is subject to revision at any time, but will not
exceed Rs 500 per transaction.
The revision in Charges if any (except the applicable taxes, duties and cess (as applicable) will take
place only after giving three months’ notice to the Policyholders and after obtaining prior approval of
the IRDAI.
The Premium Allocation Charge, Mortality Charge and Discontinuance Charge shall not be revised
during the Policy Term.
The applicable taxes, duties and cess (as applicable) will be revised as and when notified by the
Government.
If the Policyholder does not agree with the modified charges, they shall be allowed to withdraw the
units in the plans at the then prevailing unit value in accordance to prevailing Surrender section as
mentioned in this document

Terms and Conditions (T&C)

Riders
We offer following rider options to help you enhance your protection:

• Reliance Nippon Life Critical Illness Plus Rider

This rider provides you with a lump sum benefit on diagnosis of any one of the covered critical
illnesses.
• Reliance Nippon Life Indus CI Plus Rider
This rider provides you with a lump sum benefit on diagnosis of any one of the covered critical
illnesses. However, in case there is no claim till the end of the rider policy term, you will receive all
the premiums paid towards this rider excluding GST and extra premium, if any. In case of death,
the nominee would receive the total premium paid as on date towards this rider.
Only one of the above riders can be selected.
For more details on rider benefits and terms & conditions, please refer to rider brochure.

Annualized Premium
Annualized Premium is the premium amount payable in a year excluding the taxes, rider premiums
and underwriting extra premium on riders, if any

Decrease in Base Sum Assured

Provided premium for first five years have been paid, You can choose to decrease the Sum Assured
at any Policy Anniversary during the Policy Term provided all due premiums till date have been paid
by giving a notice to the Company at least 30 days before the Policy Anniversary date.
o Decrease in Sum Assured is only allowed upto 65 years of age of the Life Assured.
o Decrease in Sum Assured will not change the premium payable under the Policy.
o Decrease in Sum Assured is allowed up to the minimum limits for Sum Assured under the product
based on Age at Entry of the Life Assured.

Policy Loan
Policy Loan facility is not available under the plan.

Tax Benefit
Premiums paid under Reliance Nippon Life Wealth and Insurance Plan may be eligible for tax
exemptions, subject to the applicable tax laws and conditions. Income tax benefits under this plan
shall be applicable as per the prevailing Income Tax Laws and are subject to amendments from time
Page 15
to time. Kindly consult a tax expert.

Taxes or charges levied by the Government in future

In future, the Company shall pass on any additional taxes/charges levied by the Government or any
statutory authority to you. Whenever the Company decides to pass on the additional taxes/charges
to the policyholder, the method of collection of these taxes shall be informed to them.

Suicide Exclusion
In case of death of the Life Assured due to suicide, whether sane or insane, within 12 months from the
date of commencement of Policy or from the date of revival of the Policy, the nominee/claimant of the
policyholder shall be entitled to Fund Value, as on the date of intimation of death.

Any charges other than fund management charges recovered subsequent to the date of death will
be paid-back to nominee/claimant or beneficiary along with the Fund Value, as available on the date
of intimation of death.

Premium payment frequency

The available frequency of premium payment are Yearly, Half-yearly, Quarterly and Monthly.
Quarterly and Monthly frequencies are allowed only if the payment is made electronically. If the
Monthly frequency is chosen at the time of issuance, first two months premium will be collected at the
time of issuance of the Policy. Premium payment frequency can be changed only on Policy
anniversaries up to one year before completion of the Premium Payment Term.

Grace period for payment of premiums

There is a grace period of 30 days from the due date for payment of premium. In case of monthly
frequency, the grace period is of 15 days. During this period the Policy is considered to be in force with
the risk cover as per the terms & conditions of the Policy.

How safe is your investment?

Unit Linked Life Insurance products are different from the traditional insurance products and are
subject to the following risk factors.
• The premium paid in Unit Linked Life Insurance policies are subject to investment risk and other
risks associated with capital markets and NAV per unit (Unit Price) may go up or down based on
the performance of the fund and factors influencing the capital markets and the policyholder is
responsible for his/her decisions.
• “Reliance Nippon Life Insurance Company Limited” is the name of the Company and “Reliance
Nippon Life Wealth and Insurance Plan” is only the name of the linked insurance Policy and does
not in any way indicate the quality of the Policy, its future prospects or returns.
• The names of the Fund Option(s) do not in any manner indicate the quality of the Fund Option(s) or
their future prospects or returns.
• Please understand the associated risks and applicable charges from your insurance advisor or the
intermediary or Policy document issued by Reliance Nippon Life Insurance Company Limited.
• Investment risk in investment portfolio is borne by the policyholder. There is no assurance that the
objectives of the Fund Option(s) shall be achieved.
• NAV per unit (Unit Price) may fluctuate depending on factors and forces affecting the capital
markets and the level of interest rates prevailing in the market.
• Past performance of the Fund Options is not indicative of future performance of any of those funds.
• All benefits payable under this Policy are subject to tax laws and other fiscal enactments in effect
from time to time. The policyholder is recommended to consult his/her tax advisor.
Page 16
The Company will value the funds on each day that the financial markets are open. However, the
company may value the funds less frequently in extreme circumstances external to the Company
where the value of the asset is too uncertain. In such circumstances the company may defer the
valuation of assets for up to 30 days until the company feels that certainty to the value of assets has
been resumed. The deferment of the valuation of the assets will be with prior approval from IRDAI.

However, the company reserves the right to change the exposure of all/any fund to money market to
100% in extreme situation external to the Company keeping in view market conditions/political
situations/economic situations/war like situations/terror situations. The same will be put back as per
the base mandate once the situation has corrected.
Some examples of such circumstances in above sections are:
• When one or more stock exchanges which provide basis for valuation for substantial portion of the
assets of the fund are closed otherwise than for ordinary holiday.
• When as a result of political, economic, monetary or any circumstances out of the control of the
company, the disposal of the assets of the fund are not reasonable or would not reasonably be
practicable without being detrimental to the interests of the remaining policyholders.
• During periods of extreme market volatility during which surrenders and switches would be
detrimental to the interests of the remaining policyholders.
• In the case of natural calamities/strikes/war/civil unrest and riots.
• In the event of any unforeseen accident beyond Company's control or Act of God or disaster that
effects the normal functioning of the company.
• If so directed by IRDAI.
The Policyholder will be notified of such a situation if arises.

Free look period

You are provided with free look period of 30 days beginning from the date of receipt of policy
document, whether received electronically or otherwise, to review the terms and conditions stipulated
in the policy document. In the event you disagree to any of the policy terms or conditions, or otherwise
and have not made any claim, you shall have the option to return the policy to the company for
cancellation, stating the reasons for the same. You are requested to take appropriate
acknowledgement of your request letter and return of policy document. Irrespective of the reasons
mentioned, the Company shall refund the non-allocated premium plus charges levied by
cancellation of units plus fund value as on the receipt date of cancellation request less (a)
proportionate risk premium for the period of cover (b) medical examination costs, if any and (c) stamp
duty, along with applicable taxes, duties and cess (as any), which has been incurred for issuing the
Policy.
Please note that if the Policy is opted through Insurance Repository (‘IR’), the computation of the said
Free Look Period will be from the date of the email informing Policy credit in IR.
A request received by the Company for cancellation of the Policy during free look period shall be
processed and the proceeds shall be refunded within 7 days of receipt of such request, subject to the
aforesaid deduction.

Grievance Redressal Process

You can contact the company by sending an email at:
[email protected] or by writing to us at our:
Registered & Corporate Office address: Unit Nos. 401B, 402, 403 & 404, 4th Floor, Inspire-BKC, G
Block, BKC Main Road, Bandra Kurla Complex, Bandra East, Mumbai - 400051 OR
Reliance Nippon Life Insurance Company Limited 7th Floor, Silver Metropolis, Off Western Express
Highway, Goregaon East, Mumbai - 400 063; OR
Page 17
Contact Our Customer Service Executive at Your nearest branch of the Company.
For more details please visit Grievance Redressal page on our website:
www.reliancenipponlife.com/querygrievance-redressal

Nomination
Nomination, as defined under Section 39 of the Insurance Act 1938, as amended from time to time,
will be allowed under this plan.

Assignment and Transfer

Assignment is allowed under this plan as per Section 38 of the Insurance Act, 1938, as amended from
time to time.

Section 41 of the Insurance Act, 1938 as amended from time to time

No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to
take or renew or continue an insurance in respect of any kind of risk relating to lives or property in
India, any rebate of the whole or part of the commission payable or any rebate of the premium
shown on the Policy, nor shall any person taking out or renewing or continuing a Policy accept any
rebate, except such rebate as may be allowed in accordance with the published prospectuses or
tables of the insurer.

Section 45 of the Insurance Act, 1938, as amended from time to time

1) No Policy of life insurance shall be called in question on any ground whatsoever after the expiry of
three years from the date of the Policy, i.e., from the date of issuance of the Policy or the date of
commencement of risk or the date of revival of the Policy or the date of the rider to the Policy,
whichever is later. 2) A Policy of life insurance may be called in question at any time within three years
from the date of issuance of the Policy or the date of commencement of risk or the date of revival of
the Policy or the date of the rider to the Policy, whichever is later, on the ground of fraud: Provided that
the insurer shall have to communicate in writing to the insured or the legal representatives or
nominees or assignees of the insured the grounds and materials on which such decision is based. 3)
Notwithstanding anything contained in sub-section (2), no insurer shall repudiate a life insurance
Policy on the ground of fraud if the insured can prove that the mis-statement of or suppression of a
material fact was true to the best of his knowledge and belief or that there was no deliberate intention
to suppress the fact or that such mis-statement of or suppression of a material fact are within the
knowledge of the insurer: Provided that in case of fraud, the onus of disproving lies upon the
beneficiaries, in case the policyholder is not alive. 4) A Policy of life insurance may be called in
question at any time within three years from the date of issuance of the Policy or the date of
commencement of risk or the date of revival of the Policy or the date of the rider to the Policy,
whichever is later, on the ground that any statement of or suppression of a fact material to the
expectancy of the life of the insured was incorrectly made in the proposal or other document on the
basis of which the Policy was issued or revived or rider issued: Provided that the insurer shall have to
communicate in writing to the insured or the legal representatives or nominees or assignees of the
insured the grounds and materials on which such decision to repudiate the Policy of life insurance is
based: Provided further that in case of repudiation of the Policy on the ground of misstatement or
suppression of a material fact, and not on the ground of fraud, the premiums collected on the Policy
till the date of repudiation shall be paid to the insured or the legal representatives or nominees or
assignees of the insured within a period of ninety days from the date of such repudiation. 5) Nothing
in this section shall prevent the insurer from calling for proof of age at any time if he is entitled to do
so, and no Policy shall be deemed to be called in question merely because the terms of the Policy are
adjusted on subsequent proof that the age of the life insured was incorrectly stated in the proposal.
Page 18
Linked insurance products are different from the traditional insurance products and are subject to the risk factors.
The Premium paid in Linked Insurance policies are subject to investment risks associated with capital markets and
the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital
market and the insured is responsible for his/her decisions. Reliance Nippon Life Insurance Company Limited is only
the name of the Insurance Company and Reliance Nippon Life Wealth and Insurance Plan is only the name of the
linked insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns.
Funds do not offer guaranteed or assured returns. Please know the associated risks and the applicable charges,
from your Insurance agent or the Intermediary or Policy document issued by the insurance company. The various
funds offered under this contract are the names of the funds and do not in any way indicate the quality of these
plans, their future prospects and returns. 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. The various funds offered under this contract are the names of the funds and do not in any way
indicate the quality of these plans, their future prospects or returns. Life Large Cap Equity Fund
(SFIN:ULIF07101/12/19LLARGCAPEQ121), Life Equity Fund 3 (SFIN:ULIF04201/01/10LEQUITYF03121), Life Pure Equity
Fund 2 (SFIN:ULIF04601/0 1/1 0LPUEQUTY02121 ), Make in India Fund (SFIN:ULIF06924/03/15LMAKEINDIA121), Life
Midcap Fund 2 (SFIN:ULIF04501/01/10LMIDCAPF02121), Life Balanced Fund 1 (SFIN:ULIF00128/07/04LBALANCE01121),
Life Corporate Bond Fund 1 (SFIN:ULIF02310/06/08LCORBOND01121), Life Money Market Fund 1
(SFIN:ULIF02910/06/08LMONMRKT01121), Discontinued Policy Fund (SFIN:ULIF05703/09/10DISCPOLF01121). This
product brochure gives only the salient features of the plan and it is only indicative of terms, conditions, warranties
and exceptions. This brochure should be read in conjunction with the benefit illustration and policy terms &
conditions. In the event of conflict, if any, between the terms and conditions contained in the brochure and those
contained in the policy document, the terms and conditions contained in the policy document shall prevail. For
further details on all the conditions, exclusions related to Reliance Nippon Life Wealth and Insurance Plan, please
contact our insurance advisors. 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. Tax laws are subject to change, consulting a tax expert is advisable.

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

Reliance Nippon Life Insurance Company Limited (IRDAI Registration No. 121)

Registered & Corporate Office: Visit us

Unit Nos. 401B, 402, 403 & 404, 4th Floor, www.reliancenipponlife.com
Inspire-BKC, G Block, BKC Main Road,
Mktg/RKL/WIN_Brochure/V1/Oct24

Bandra Kurla Complex, Bandra East, Like us on Facebook

Mumbai - 400051 www.facebook.com/RelianceNipponLifeInsurance

Call us:
1800 102 1010 between 8 am to 8 pm Follow us on Twitter
from Monday to Saturday @relnipponlife

Email us Chat with us on Whatsapp number

[email protected] (+91) 7208852700

CIN: U66010MH2001PLC167089. | UIN for Reliance Nippon Life Wealth and Insurance Plan: 121L146V01