Reliance Smart Cash Plus Plan 2024 Benefits, Features, Details, Reviews

Reliance Smart Cash Plus Plan 2024-The Reliance Smart Cash Plus Plan is a participating traditional Money Back plan that offers life insurance benefits in addition to increasing survival benefits and wealth enhancement through bonuses and maturity additions. The Reliance Smart Cash Plus Plan gives you a guaranteed lump sum at regular intervals to help you achieve your goals throughout your life and protect your family from unforeseen events. It’s the ideal combination of liquidity and long-term savings.

Reliance Smart Cash Plus Plan 2024 is one of the best plans that offers attractive benefits to its subscribers. With this plan, you can enjoy easy access to a wide range of banking services, including debit and credit cards, transfer and deposit facilities, and insurance benefits. You’ll also enjoy a host of other benefits, such as free internet banking, free SMS alerts on transactions, and more. So what are you waiting for? Contact your nearest Reliance Bank branch today to sign up for Reliance Smart Cash Plus Plan 2024.

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Reliance Smart Cash Plus Plan 2024

Reliance Jio is all set to launch its much-awaited smart cash PLUS plan in August, which offers high-speed 4G LTE data, unlimited voice calls, and 400GB of data usage per month. If you’re a Reliance Jio customer, make sure to subscribe to the plan in order to take advantage of all the benefits it has to offer. Here are five things you need to know about the Reliance Smart Cash Plus Plan 2024.

One of the best insurance companies in the country is Reliance Life Insurance. You can take advantage of regular, guaranteed lump sums of money with the Reliance Smart Cash Plan policy. It strikes a good balance between liquidity and savings. You have the financial security to take care of your family and business with the guaranteed sums paid out over time. The Reliance Smart Cash plus Plan is a money-back, non-linked, non-participating insurance plan that also protects your family from unforeseen events. This plan covers your life, including illness, during the policy term and returns your invested funds with a profit at maturity. It’s the ideal way to save money and safeguard your life.

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Reliance Smart Cash Plus Plan 2023

Reliance Smart Cash Plus Plan 2024 Details

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Key Features

Below are the key features of :

  • You will be able to live life to the fullest thanks to the plan’s periodic lump sum payments and high sum assured additions.
  • offers hassle-free life insurance with liquidity as an added benefit.
  • Flexible payment options for premiums that can be paid monthly, quarterly, half-yearly, or annually.
  • In the event that you forget to pay your premiums, the plan gives you a grace period. There is a 15-day grace period for monthly premium payments. The grace period for payments made quarterly, semiannually, and annually is thirty days.
  • Within two years of the date of the last unpaid premium but prior to the policy’s maturity date, the plan offers the option to revive a lapsed policy. When the arrears are paid off with interest at 10.50% per year, the policy is renewed.
  • In addition, the policy provides a variety of additional benefits, including a maturity benefit, surrender benefit, and death benefit.
  • Under the base plan, you can get a loan for up to 80% of the surrender value at a rate of 10.50% per annum.

Benefits Reliance Smart Cash Plus Plan

Below are the benefits of Reliance Smart Cash Plus Plan:

  • Benefit from any applicable tax breaks on returns and investments made with premium payments.
  • A life insurance policy that pays ten times the annualized premium for the policy’s term will provide financial security for your family.
  • Get guaranteed lump sums at the end of the fourth policy year and every three years thereafter if the policyholder is still alive at the end of the term.
  • Benefits of maturity: receive a maturity benefit equal to the base sum assured at the end of the policy term. Where appropriate, high sum assured additions will be paid. Assuming the base aggregate guaranteed is under 2.5 lakh no high total guaranteed option is added. High sum addition is provided for sums greater than 2.5 lakhs.
  • Benefits in Death: The nominee will receive the death benefit upon the policyholder’s death, provided that the policy is still in effect, and the policy will be cancelled.
  • Benefit surrendered: A surrender benefit is permissible under the policy. If the first annualized premium is paid and the policy is surrendered before the end of three policy years, the surrender value is added to the policy. The surrender value will be paid out after three policy years if the policy is surrendered within those three years.

Eligibility Reliance Smart Cash Plus Plan

The following are the Reliance Smart Cash Plus eligibility requirements:

Sum AssuredMinimum sum assured is RS 1,00,000There is no maximum limit
Entry AgeMinimum entry age is 14 as at last birthdayMaximum age is 55 as at last birthday
Maturity agePolicy can mature at minimum 24 years of age as at last birthdayPolicy can mature at maximum 70 years of age as at last birthday

Product Specification:



Entry Age (Last Birthday)

14 years

55 years

Maturity Age (Last Birthday)

24 years

70 years

Policy Term (PT) in years



Premium Paying Term (PPT) in years

Equal to policy term

Premium Paying Frequency

Annual, half-yearly, quarterly, monthly

Yearly Premium

Depends on term, age and SA chosen

Sum Assured


No limit

Details about Premium

Benefit Illustration for a 30-year-old male with a 19-year policy for a Rs. 30,000 premium


 4th yr. @ 10%

 7th yr. @ 15%

 10th yr. @ 20%

13th yr. @ 25%

16th yr. @ 30%

High SA Addition

Vested Bonus

@ 4%

@ 8%










Policy Details

Grace Time: There is a grace period of 15 days in the monthly mode, and there is a grace period of 30 days in the other modes Ending of the policy.

Surrender Benefit: If the policyholder fails to make a payment within the grace period, the policy ends. After three policy years have been completed, a policyholder may surrender the policy if the first year’s premium is paid in full. The value will be either the Special Surrender Value (SSV) or the Guaranteed Surrender Value (GSV), whichever is greater. If the premium for three full years has been paid, SSV will apply.

Free Look Period: If you are dissatisfied with the coverage and terms and conditions, you have the option to cancel the policy within 15 days of receiving the documents, provided there has not been a claim.


  • The plan allows for a loan at 80% of the surrender value.

Additional Features or Riders

  • The insurer is responsible for covering the shortfall if the total benefits exceed the total premiums paid.
  • The maturity value should be at least one hundred one percent of the total premiums paid.


  • In the event of a suicide that occurs within a year of the policy’s inception, 80% of the premiums paid are refunded, and in the event of a suicide that occurs within a year of the policy’s revival, the higher of 80% of the premiums paid or the acquired Surrender Value is payable.

Documents Required

On an “Application form/proposal form,” the policyholder is required to submit an accurate medical history, proof of address, and other KYC documents. A medical examination may be required in some circumstances, depending on the insured amount and the individual’s age.

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