Insurance Plans Reviews and Articles

Highest NAV Guarantee Plan is launched by Reliance Life

Posted in insurance by kishosingh on February 24, 2010

Recently, the popular news about NAV Guarantee Plan came in light for the insurance investor. “Reliance Highest Net Asset Value Guarantee Plan” is a new unit linked insurance plan of Anil Ambani Group firm Reliance Life Insurance that enables the policy-holder to enjoy good returns.

Malay Ghosh who is the Reliance Life Insurance president says, “The new plan simply captures and guarantees the upside of the market with no risk of negative return. The customers can take advantage of market-linked returns with the satisfaction of getting the highest NAV during the policy term, while protecting his wealth from any downturn in the market.” The statement was published in ET online news paper.

Further Economic Times writes, “The key differentiator is that the Net Asset Value (NAV) in this case is calculated on a daily basis for the entire policy term and not on any fixed dates of the month, the company said in a release.

Under this plan, the premium paid by the policyholder (minus charges) is invested in the ‘Highest NAV Guarantee Fund’ and accordingly units are allocated based on the fund NAV.

On maturity the plan guarantees the highest ever returns — number of units on date multiplied by highest NAV– to the customer.”

Samaylive.com which is another online news paper, writes about the plan, “The plan is available under two minimum payment options Regular options that allows customers to pay Rs 20,000 annually which can also be paid in monthly, quarterly and half yearly option; and the Single Premium wherein the customer pays a minimum of Rs 30,000 only once at the inception during the tenure of the policy.”

Overall, the policy gives the highest returns on lower investment. Essence of the plan is introducing highest returns with the guarantee on the lowest investment. Recently, new ULIP plan was also launched by ICICI Prudential Life that was very attractive for insurance investor.

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7 Responses

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  1. BINU said, on March 4, 2010 at 1:15 pm

    Please advice, is it a good plan ?

    • nikhil kabra said, on July 18, 2010 at 1:18 am

      Hello Sir,
      I am Advisor of RELIANCE LIFE INSURANCE AND INVESTMENT SECTOR …

      SO AS FAR WITH THE CONCERN OF APRIL 16 ,2010 PORTFOLIO ITS CLEAR THAT

      RELIANCE L.I. PROVIDES U WITH BEST RESULTS…

      FOR FURTHER DETAILS AND QUERY FEEL FREE TO CONTACT …

      NIKHIL KABRA.

      – 9021379513

  2. sanjay said, on March 17, 2010 at 10:35 am

    Reliance Life introduces Highest NAV Guarantee Plan

  3. drjay said, on March 30, 2010 at 1:14 pm

    you must find out about this

  4. Vivek Ranaware said, on May 24, 2010 at 11:20 am

    you can sell only two policies and earn money on the same life long

  5. Vivek Ranaware said, on July 14, 2010 at 12:33 pm

    hello got it

  6. PN Reddy said, on December 20, 2011 at 8:13 am

    Dear Sir/Madam, I have taken insurance for my father in Reliance a policy called RLIC-Highest NAV Advntg (sum assurance 3,50,000/15 yrs term). From last one and half year i am paying premium of Rs. 25,000 /six months. So till now i paid 75,000 but the present fund value is 60,458 Rs only. I am worried whether to continue or exit. Please help me with your kind suggestion.

    Thankyou,

    Sincerly,

    PN Reddy


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