LIFE

INSURANCE

GUARANTEED
LOYALTY
ADDITIONS
MATURITY
BENEFITS

CASH BONUS &

TERMINAL BONUS

ALTERNATE
SOURCE OF
INCOME

EMPOWERING EVERY
STEP OF YOUR LIFE A
Reliance Nippon Life Smart Total Advantage Return
(RNL STAR)
A Non-Linked, Participating, Individual, Life Savings Insurance Plan

The dreams and aspirations you share with your family and loved ones are undoubtedly the
most precious and treasured parts of life. You work very hard to ensure financial savings to
fulfil your dreams and aspirations. But in today’s world, savings alone are not enough to fulfil
them. Life Insurance is crucial as it provides financial security for your loved ones in case of
your untimely death, ensuring they are protected from potential financial hardships and can
maintain their quality of Life.

Introducing Reliance Nippon Life Smart Total Advantage Return (121N157V01) -

A plan that provides you life insurance coverage to achieve financial stability and security for
your family and also helps you with an alternate source of income to take care of your
financial goals. The plan ensures that your financial goals are met, and you are able to give
wings to your dreams. You can customize this plan by utilizing the various flexibilities available
in the product to meet your financial objectives. Thus, this product is a true STAR.

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Key benefits of Reliance Nippon Life Smart Total
Advantage Return
Protection through Life Insurance Cover: Secure your family’s future through
a life insurance cover for a fixed term or for Whole of Life i.e., up to 100 years
of age.

Increasing Income in the form of Cash Bonus, if any, starting from the first
policy year till the end of the policy term

Guaranteed Loyalty Addition (GLA) as a one-time payout/lump sum after

completion of the premium payment term

Choose to pay for a limited period of 8,10,12 or 15 years.

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Eligibility Criteria
The minimum & maximum age boundaries of the product are given below:

Parameters Life Variant Life Plus Variant

Minimum 91 (days) 18
Age at entry (Years)
Maximum 55
Minimum 20 38
Age at maturity (Years)
Maximum Fixed Term: 95 80
Whole of Life: 100
All the references to age are on last birthday.

The various Policy Term, Premium Paying Term & the corresponding minimum Annualized
Premiums available under the policy across two different variants are given below:

Life Variant & Life Plus Variant Life Variant

Premium Fixed Policy Term (Years) Whole of Life
Paying Term
20, 25, 30 & 35 40 100 minus age at entry
8 ₹75,000 NA
10
₹50,000 ₹75,000
12 1,00,000

15
The product shall be available for both offline and online sale.
Premiums will vary depending upon the Age, Premium Payment Term, Policy Term & Plan Variant chosen.

The plan variant must be chosen at the inception of the policy and cannot be changed
anytime during the policy term.

There is no limit to the maximum premium under this policy and is (subject to Board
Approved Underwriting Policy)

Available premium payment modes in this policy are Annual, Semi-Annual, Quarterly &
Monthly.

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Various Bonuses & Additions available under the STAR plan

Cash Bonus (CB): To ensure a regular income across the policy term, the STAR plan
provides you with increasing cash bonus , if any, right from the 1st policy year till the end of
the policy term provided the policy is in-force for full benefits. Cash Bonus, if any, would be
equal to, Base Sum Assured multiped by the Cash Bonus rates, that would be declared
every year.

Terminal Bonus (TB): At the end of policy term, the company shall pay you a lump sum
terminal bonus, if any, provided all due premiums have been paid in the policy.

For Life Variant, fully paid-up policies would be eligible for Terminal Bonus on death. For Life
Plus Variant, on death, Terminal Bonus is not payable.
An In-force Policy will be eligible for Terminal Bonus on Surrender if, all due premiums for
at least 7 complete policy years have been paid for Premium Payment Term of 8 years and
10 years; and all due premiums for at least 10 complete policy years have been paid for
Premium Payment Term of 12 years and 15 years.
Cash Bonus and Terminal Bonus, if any, are not guaranteed benefits; and may vary based
on surplus emerging in the With-Profits Fund of the Company.

Guaranteed Loyalty Addition: To reward your loyalty for paying all the premiums, the
company shall pay you a onetime benefit in the form of Guaranteed Loyalty Addition (GLA)
at the end of the premium paying term. The GLA amount shall be equal to GLA rate
multiplied by the Base Sum Assured, where GLA Rates are as below:

PPT 8 10 12 15

GLA Rate 16% 20% 24% 30%

This benefit shall not be payable in-case of termination of the policy before the end of
premium paying term.

The Cash Bonus and Guaranteed Loyalty Additions may be referred as Survival Benefits
under this policy.

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Flexibilities available under the STAR plan

Flexibilities available in the plan to access your Survival Benefits

The above Survival Benefits shall be paid out to you as a default option, as per terms and
conditions of the policy. However, you may decide to flexibly access your Survival Benefits in
line with your financial goal by the exercising one of the following options as mentioned
below.

Accumulation of Survival Benefits: You can accumulate your Survival Benefits in the policy in
a separate Survival Benefit Account (SBA). The amount in SBA will earn an interest at the
prevailing interest credit rate which will be credited to your SBA at the end of each calendar
month. You can withdraw part or full amount in the SBA at any time during the Policy Term.
The balance in the SBA, if any, shall be payable on death, surrender or maturity, whichever is
earlier. You have choice to opt-in and opt-out of this benefit any number of times during the
policy term. In the case of partial withdrawal, the minimum withdrawal amount should be at
least ₹10,000. The Company reserves right to modify this limit.

If you have opted for Life Plus Variant, then in case of death of the Life Assured, the Accumula-
tion of Survival Benefits option would continue to remain active and the future survival benefits
would continue to accumulate in the SBA. The balance in the SBA, if any, will continue to
remain in SBA and can be withdrawn anytime by the Beneficiary/Nominee. The Beneficia-
ry/Nominee may opt-in or opt-out from the SBA at any time during the remaining Policy Term.

The interest credit rate will be declared on quarterly basis in advance for each quarter by the
company, subject to minimum of State Bank of India savings bank interest rate + 2.00% p.a.
and will apply to the SBA under the policy. For interest credit rate applicable for a quarter, the
State Bank of India savings bank interest rate for the lowest deposit slab at the beginning of
the preceding quarter will be considered. The Company reserves the right to change the
basis of determination of interest rate subject to prior approval of the authority.

Convert Survival Benefits to Paid Up Addition (PUA): You will have an option to convert
Survival Benefits i.e., Cash Bonus and Guaranteed Loyalty Addition, into participating Paid Up
Addition (PUA). If opted, the Cash Bonus and Guaranteed Loyalty Addition will be converted
into PUA by multiplying with applicable PUA conversion factor. Attached PUA, if any, can also
be surrendered separately anytime, partially, or completely, without surrendering the policy.

Under Life Plus Variant, if PUA option is active on the date of death of the Life Assured, the
same will terminate on death of the life assured and the Attached PUA, if any, shall be paid
to the beneficiary. Beneficiary will not have an option to convert future Cash Bonus and GLA
in to PUA as the life assured is not alive.

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PUA is a guaranteed benefit payable at PUA maturity or on death of Life Assured, if earlier.
PUA will mature on the policy anniversary immediately following the attainment of age of
85 years of Life Assured or at the end of the Policy Term, whichever is earlier. Attached PUA
(APUA) is the total PUA in-force in the policy at a given time.

Accumulation of Survival Benefits option and Conversion of Survival Benefits to Paid Up

Addition options cannot be active simultaneously in a policy. At a given time during the
policy term, you can only opt for any one of these options for future survival benefits.

Benefits in details

Life Variant
This option provides you with a life insurance cover along with increasing income in the
form of cash bonus, if any, across the policy term. Additionally, you receive a one-time lump
sum Guaranteed Loyalty Addition (GLA) at the end of the premium paying term and also a
lump sum maturity benefit at the completion of the policy term.

You further have the flexibility to choose for a fixed policy term or for whole of life as per your
financial objectives.

The various benefits available in this variant is detailed below.

A. Death Benefit
In case of unfortunate death of the Life Assured during the Policy Term, provided the policy
is in-force and all due premiums have been paid as on the date of death, the nominee shall
receive lumpsum payout equal to

Higher of:
a. Sum Assured on Death plus, Terminal Bonus, if any
b. 105% of Total Premiums Paid as on date of death of the life assured.

Plus, Attached PUA, if any

Plus, balance in Survival Benefit Account (SBA) if any.

The policy shall terminate on payment of Death Benefit.

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Page 7
 Let’s understand Life Variant with the help of illustrations.

Example 1: Life Variant used as provision for Second Income

Mr. Ravi, a 45-year-old professional, is looking for a savings plan that will compliment his
salary as a second income, while he is working, and also provide income for his golden
years. He opts for Reliance Nippon Life Smart Total Advantage Return and chooses ‘Life
Variant’. Let us see how this plan will provide Ravi a stream of income. Premium Payment
Term of 10 years, Policy Term of 40 years and Premium to be paid annually is ₹1,00,000. The
Base Sum Assured is ₹9,53,180.

Maturity Benefit
Guaranteed Loyalty @8% E 32,65,880
Addition of @4% E 20,45,047
E 1,90,636 nus (Sum Assured on Maturity
First Cash Bonus ash Bo plus Terminal Bonus)
sing C
@8% D 2,860 Increa +
@4% D 572
Last Cash Bonus
@8% E 42,798
@4% E 8,197
Policy Year : 0 9 40
Premium of E 1 Lakh
Age : 45 54 85
p.a. for 10 years

Benefit Amount (in ₹) @8% Amount (in ₹) @4%

Total Cash Bonus during the Policy Term (A) 12,59,818 2,42,298

Guaranteed Loyalty Addition (B) 1,90,636 1,90,636

Sum Assured on Maturity (C) 9,53,180 9,53,180

Terminal Bonus (D) 23,12,700 10,91,867

Total Benefits (A+B+C+D) 47,16,334 24,77,982

Total Premiums Paid 10,00,000 10,00,000

The Premium mentioned above is for a healthy male and is exclusive of any loadings and taxes.

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 Example 2: Life Variant with Paid Up Addition used as Retirement provision

Mr. Shrey, a 45-year-old businessman, is looking to save his income in a savings plan that
will provide him with second income for his second innings. He opts for Reliance Nippon Life
Smart Total Advantage Return, chooses ‘Life Variant’ and wish to convert the initial survival
benefits into Paid Up Addition (PUA) till the age of 60 years. Let us see how this plan will help
him to enjoy his retired life. Age of the Life Assured is 45 years, Premium Payment Term of
10 years, Policy Term of 55 years (100 minus entry age) and Premium to be paid annually is
₹ 1,00,000. The Base Sum Assured is ₹ 9,53,180.

Attached PUA paid

@8% E 8,38,025
Total First Cash Bonus @4% E 3,54,798 Maturity Benefit
@8% D 69,128 @8% E 94,56,211
@4% D 12,877 @4% E 33,15,827
onus
ash B
sing C
(Sum Assured on Maturity
Increa
plus Terminal Bonus)
Converts all the Cash +
Bonuses and Guaranteed
Loyalty Addition into Paid Last Cash Bonus
Up Addition @8% E 42,798
@4% E 8,197

Benefit on PUA
Policy Year : 0 9 15 40 55 Benefit on BSA
Premium
Age : 45 of E 1 Lakh 54 85 85
p.a. for 10
years

Benefit Amount (in ₹) @8% Amount (in ₹) @4%

Total Cash Bonus during the Policy Term (A) 25,33,113 4,76,186

Attached PUA paid (B) 8,38,315 3,54,798

Sum Assured on Maturity (C) 9,53,180 9,53,180

Terminal Bonus (D) 85,03,031 23,62,647

Total Benefits (A+B+C+D) 1,28,27,349 41,46,811

Total Premiums Paid 10,00,000 10,00,000

The Premium mentioned above is for a healthy male and is exclusive of any loadings and taxes.

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Life Plus Variant

We understand you are concerned with the future of your family in your absence and the
wellbeing of your family is of utmost importance to you. This option ensures that your near
and dear one’s need not make any sacrifices in your absence.

This option provides you with a life insurance cover along with increasing income in the form
of cash bonus, if any, across the policy term. Additionally, you receive a one-time lump sum
Guaranteed Loyalty Addition (GLA) at the end of the premium paying term and also a lump
sum maturity benefit at the completion of the policy term.

In the unfortunate event of the Life Assured’s death, we not only pay a Death Benefit to take
care of any immediate financial needs of the family; we also keep paying the Survival Benefit
& Maturity Benefit to your family as promised to you, without the need to pay any further
premiums, if any.

The various benefits available in this variant is detailed below.

A. Death Benefit
In case of unfortunate death of the Life Assured during the Policy Term, provided the policy is
in- force and all due premiums have been paid as on the date of death, the nominee shall
receive lumpsum payout equal to

Higher of:
a. Sum Assured on Death
b. 105% of Total Premiums Paid as on date of death of the life assured.

Plus, Attached PUA, if any

The policy shall not terminate on payment of Death Benefit, and the beneficiary will continue
to receive the Survival Benefits and Maturity Benefits, as and when due, without requirement
to pay future premiums, as would have been the case had the Life assured been alive and
would have been paying the premiums due.

PUA option, if opted, will terminate on death of the life assured and the Attached PUA, if any,
shall be paid to the beneficiary. Beneficiary will not have an option to convert future Cash
Bonus, if any and GLA, if any, in to PUA.

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Accumulation of Survival Benefits option, if active on the date of death of the life assured, will
continue to remain active after death of life assured and the future CB, if any, and GLA, if any,
will continue to accumulate in SBA. However, the Beneficiary will have the flexibility to opt-in
or opt-out of this option anytime during the policy term after death of life assured. Balance
in SBA, if any, will also continue to remain in SBA and the Beneficiary will have option to
withdraw the balance in SBA, fully or partially, anytime during the policy term.
The balance in SBA, if any, will be paid at the end of the policy term.

The Beneficiary will not have an option to surrender the Policy after the death of the life
assured.

The policy will terminate on the date of maturity of the Policy.

B. Survival Benefit
Provided all due premiums have been paid by you, Cash Bonus, if any, as mentioned above
will be paid to you at the end of each policy year starting from 1st Policy Year, till the end of
the policy term. Additionally, a Guaranteed Loyalty Addition (GLA) will be paid to you as a
one-time benefit after the completion of the premium payment term.

C. Maturity Benefit
On survival of the Life Assured to the end of the Policy Term, provided the policy is in-force
i.e., all due premiums have been paid, the following benefits will be payable:

a. Sum Assured on Maturity; plus

b. Terminal Bonus, if any; plus
c. Attached PUA, if any; plus
d. Balance in SBA, if any

where, Sum Assured on Maturity is equal to Base Sum Assured.

This benefit shall also be payable to the nominee in the event of death of the life assured
during the policy term, while the policy was in-force.

Let’s understand Life Plus Variant with the help of an illustration.

Example 3: Life Plus Variant used as a Child Education Planning tool

Mr. John, a 30-year-old businessman, has a daughter of 3 years old. He is looking for a
savings plan that will take care of the daughter’s education expenses over the years. Howev-
er, he is also worried what if something happens to him. He finds a perfect solution that
covers both his needs in the form of Reliance Nippon Life Smart Total Advantage Return with
‘Life Plus Variant’.

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Let us see how this plan will help John in securing his child’s future.

Premium Payment Term of 10 years, Policy Term of 30 years and Premium to be paid annually
is ₹ 1,00,000. The Base Sum Assured is ₹ 9,47,239.

The plan provides regular cash flow as shown in the below illustration. As illustrated below,
Mr. John faces an unfortunate death in the 4th policy year, since he opted for ‘Life Plus Variant’,
his family will not only get a lump sum death benefit, but the policy will continue and his family
will receive all the future benefits as would have been received if Mr. John was alive. Hence,
ensuring his daughter’s education expenses in all scenarios.

Lump Sum Payable Guranteed Loyalty Maturity Benefit

on Death @8% E 16,37,681
Addition of
E 11,00,000 Bonus @4% E 14,44,066
E 1,89,448 ing Cash
First Cash Bonus
Increas (Sum Assured on Maturity
plus Terminal Bonus)
@8% D 2,936
@4% D 568
Death of the
Life Assured +
Last Cash Bonus
@8% E 42,531
Policy @4% E 8,146
Year : 0 4 5 9 30
Age : 30 34
Future premiums
Premium of are waived off
E 1 Lakh p.a.
for 4 years

Benefit Amount (in ₹) @8% Amount (in ₹) @4%

Total Cash Bonus during the Policy Term (A) 9,14,275 1,76,186

Guaranteed Loyalty Addition (B) 1,89,448 1,89,448

Sum Assured on Maturity (C) 9,47,239 9,47,239

Terminal Bonus (D) 6,90,442 4,96,827

Lump Sum payable on Death (E) 11,00,000 11,00,000

Total Benefits (A+B+C+D+E) 38,41,404 29,09,700

Total Premiums Paid 4,00,000 4,00,000

The Premium mentioned above is for a healthy male and is exclusive of any loadings and taxes.

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Other Features

A. Policy Loan
Loan will be available under a policy for up to 80% of the applicable surrender value (excluding
Surrender Value of APUA , if any, and Balance in SBA, if any) any time before policy maturity
provided the policy has acquired surrender value.

Interest on loan is payable at prevailing interest rate which shall be equal to 10-year G-sec
benchmark effective annual yield as on last working day of previous financial year, rounded up
to the next multiple of 25 basis points plus a margin of 150 basis points. The prevailing interest
rate applicable on loan for FY24-25 is 8.75% p.a. compounded yearly. The company reserves
the right to change the basis of determination of interest rate and to revise the applicable
interest less frequent than annual subject to the approval of IRDAI.

For other than in-force or fully paid-up policy, if at any time during the term of the policy, the
sum of loan outstanding and unpaid interest on loan outstanding exceeds surrender value
(excluding Surrender Value of APUA, if any and Balance in SBA, if any) at that time; the policy
will be terminated by recovering the loan outstanding amount and unpaid interest amount
from the surrender value (excluding Surrender Value of APUA, if any and Balance in SBA, if any)
after giving intimation and reasonable opportunity to the policyholder to continue the policy.
The balance of surrender value, if any, will be paid to the policyholder.

For in-force and fully paid-up policy, policy can’t be foreclosed on the ground of outstanding
loan amount including interest exceeding the surrender value.

Before payment of any benefit (death / surrender / survival / maturity) under a policy wherein
loan has been availed, the loan outstanding amount and unpaid interest amount, if any will be
recovered first and the balance (if any) shall be payable.

The Claimant will not have an option to avail loan under the Policy after the death of the Life
Assured.

B. Riders
To safeguard yourself and your family members against certain unfortunate events, we offer
the following Riders with this policy at a nominal cost.

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Page 14
C. Flexible Premium Payment Frequencies
You have an option to pay premiums either Annually, Semi-Annually, Quarterly or Monthly.
Quarterly and Monthly frequencies are allowed only if the premiums are paid electronically,
like through ECS/NACH or online payment. For Monthly frequency, first two months’ premiums
will be collected in advance at the time of issuance of the policy. Frequency loading as a
percentage of Annualized Premium will be applicable as per the table below:

Frequency Annual Semi-Annual Quarterly Monthly

Frequency Loading 0% 1% 2% 4%

D. Grace Period for Payment of Premiums

If you are unable to pay your premium by the due date, you will be given a grace period of 30
days (15 days for monthly mode). During the grace period the policy shall continue to remain
in force along with all benefits under this policy shall be payable subject to deduction of the
due and unpaid premium for that policy year.

E. Premium Discontinuance
We strongly urge you to continue paying full premiums till the end of the premium paying term
to avail the full benefits of the policy. However, If you discontinue the paying premiums, your
policy will either lapse or become reduced paid-up or can be surrendered as explained below:

Lapse
If all due premiums have not been paid for first two consecutive policy years in full, the policy
shall lapse at the end of the grace period. In lapsed state, the policy will not accrue any bonus-
es and no benefits shall be payable.

If the policyholder had opted for PUA option, Surrender Value of Attached PUA, if any, will be
payable at the end of revival period. However, the policyholder also has flexibility to take
Surrender Value of Attached PUA at any time during the revival period. In case of death of the
life assured during the revival period, Attached PUA shall be payable.

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Benefit When is it payable Payout

Death Benefit On death of the Life Following lump sum benefit is payable immediately on
Assured during the death of the life assured:
Policy Term Life Variant:
Paid-up Sum Assured on Death
Plus, Terminal Bonus, if any

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Benefit When is it payable Payout

Plus, Attached PUA, if any

Plus, Balance in SBA, if any
The policy shall terminate on payment of death
benefit.
Life Plus Variant:
Paid-up Sum Assured on Death
Plus, Attached PUA, if any
The risk cover under the policy will terminate on
death of the life assured. However, the policy will
continue and in addition to above lump sum
payable on death, the beneficiary will continue to
receive the reduced paid-up Survival Benefits
and reduced paid-up Maturity Benefits, as would
be payable to a paid-up Policyholder had the life
assured been alive.
The beneficiary would not have an option to
revive the Policy after the death of the Life
Assured.PUA option, if opted under the Policy,
will terminate on death of the Life Assured and
the Attached PUA, if any, shall be paid to the
beneficiary. Beneficiary will not have an option to
convert future Survival benefit, if any, in to PUA.
Accumulation of Survival Benefits option, if active
under the Policy as on the date of death of the
Life Assured, will continue to remain active after
death of Life Assured and the future Survival
Benefits, if any, will continue to accumulate in
SBA. However, the beneficiary will have the
flexibility to opt-in or opt-out of this option
anytime during the Policy Term after death of Life
Assured. Balance in SBA, if any, will also continue
to remain in SBA and the beneficiary will have
option to withdraw the balance in SBA, fully or
partially, anytime during the policy term. In the
case of partial withdrawal, the minimum
withdrawal amount should be at least Rs.
10,000. The balance in SBA, if any, will be paid at
the end of the Policy Term.

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Benefit When is it payable Payout

The beneficiary will not have an option to Surrender

the Policy after the death of the Life Assured.
The Policy will terminate on the Policy Maturity
Date.

Survival Benefit Cash Bonus: Cash Bonus (CB) on Attached PUA, if any,
Benefit payable on survival at the rates declared by the company is payable.
of the life assured from
end of policy year in which
policy acquires paid up
value till the end of the
Policy Term

Guaranteed Loyalty Paid-up Guaranteed Loyalty Addition (GLA)

Addition:
Benefit payable on survival
of the life assured till the
end of the premium
payment term, provided
the policy is in paid-up
status at the time of
payment.

Maturity Benefit Benefit payable on survival Paid-up Sum Assured on Maturity

of the life assured to end Plus, Terminal Bonus, if any
of the policy term when Plus, Attached PUA, if any
the policy is in paid-up Plus, Balance in SBA, if any
status.
The policy shall terminate on payment of maturity
benefit.

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 Number of premiums paid
Number of premiums payable during the premium paying term

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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 And Conditions. For further details on all
the conditions, suicide exclusion related to Reliance Nippon Life Smart Total Advantage Return, 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 benefits may be available as per prevailing tax laws and are subject to changes based on amendments from time to time,
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)
Mktg/FBM_RNL_Star_Brochure/V1/March 2024

Registered & Corporate Office Visit us

Unit Nos. 401B, 402, 403 & 404, 4th Floor, www.reliancenipponlife.com
Inspire-BKC, G Block, BKC Main Road,
Bandra Kurla Complex, Bandra East,
Mumbai - 400051. India. T +91 22 6896 5000
Like us on Facebook
Call us: 1800 102 1010 (Toll Free) between www.facebook.com/RelianceNipponLifeInsurance
9 am to 6 pm from Monday to Saturday.

Email us Follow us on Twitter

rnlife.customerservice@relianceada.com @relnipponlife

UIN for Reliance Nippon Life Smart Total Advantage Return: 121N157V01. CIN: U66010MH2001PLC167089.

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