IndusInd Nippon Life Smart Savings Insurance Plan

Induslnd Nippon Life Smart Savings Insurance Smart Savings Insurance is a unit-linked savings plan that is provided to someone who wants to get rich without losing their financial security. It offers a loose way of managing investment and life cover throughout the policy term. It is suitable to different financial goals and degrees of risk aversion because the plan permits active fund management or the choice of automatic strategies.

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13.2 Crore
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Eligibility Criteria for the IndusInd Nippon Life Smart Savings Insurance Plan

Criteria Minimum Maximum
Entry Age 1 year 60 years (varies by option)
Maturity Age 18 years 70 years
Premium Payment Term 5 years Regular pay (equal to policy term)
Policy Term 10 years 30 years
Minimum Premium ₹48,000 yearly No upper limit
Sum Assured 7 times annual premium As per underwriting
Premium Frequency Yearly / Half-Yearly / Monthly -
Eligible Individuals Residents of India -
Plan Type Unit-Linked Insurance Plan (ULIP) -

Features of the IndusInd Nippon Life Smart Savings Insurance Plan

Some of the key features of the IndusInd Nippon Life Smart Savings Insurance Plan include:

  • This plan offers a choice between self-managed and auto-managed investment options, allowing you to control or automate your investments based on your preference.
  • It provides flexibility in premium payments, where you can choose to pay for 5, 7, 10 years or throughout the policy term.
  • The plan includes life insurance cover of at least seven times the annualised premium, ensuring financial protection for your family.
  • It also offers loyalty additions and wealth boosters that help enhance fund value over the long-term.
  • You can switch between funds and adjust your investment strategy based on market conditions and your changing financial goals.

If you want to explore more options from the same insurer, you can check other plans offered under Reliance Life Investment Plans to compare features and benefits.

Benefits of the IndusInd Nippon Life Smart Savings Insurance Plan

The IndusInd Nippon Life Smart Savings Insurance Plan offers both savings and protection benefits. It is suitable for individuals looking for long-term wealth creation along with life insurance coverage.

  • Maturity Benefit: Once your policy is completed, the fund value will be paid out as a lump sum or as some form of systematic payouts according to your choice.
  • Death Benefit: Even when the life assured in the policy is one of the three sums assured, the fund value and 105% of the total premiums paid will be offered to the nominee.
  • Wealth Creation: The plan brings with it a chance to increase your investments by creating wealth based on market-linked returns, besides other perks such as loyalty additions and wealth boosters.
  • Liquidity Benefits: You receive some benefits in the form of partial withdrawals after the lock-in period, to take up emergency funds.
  • Flexibility: You can choose investment strategies and switch between funds to align with your financial goals over time.

*There are no riders attached to this plan*.

Policy Details of the IndusInd Nippon Life Smart Savings Insurance Plan

The policy details should be known because they guide you to make better decisions in using an IndusInd Nippon Life Smart Savings Insurance Plan.

  1. Grace Period

    A grace period is provided after the premium due date, allowing you to continue the policy without immediate lapse.

  2. Revival

    The policy can be revived within three years from the date of the first unpaid premium by paying all due premiums.

  3. Free Look Period

    You can review the policy within 15 days (30 days for distance marketing) and return it if you are not satisfied.

  4. Surrender

    You can surrender the policy; however, the fund value is payable only after completion of the five-year lock-in period.

  5. Fund Switching

    The plan may switch funds and even switch investment strategies during the policy term.

You can also review different investment plans available in the market to choose an option that aligns with your long-term financial goals.

Exclusions Under the IndusInd Nippon Life Smart Savings Insurance Plan

Suicidal Cover: The benefit will be paid according to the terms of the policy in case the life insured dies of suicide during the period of 12 months after the commencement or the revival of the policy.

FAQs

  • Are there charges that apply under the IndusInd Nippon Life Smart Savings Insurance Plan?

    Yes, similar to the majority of the ULIPs, the charges to be imposed on the plan are fund management charges, policy administration charges and mortality charges. They are used according to the policy conditions.
  • Is the IndusInd Nippon Life Smart Savings Insurance Plan market-based?

    Yes, it is a ULIP, hence performance depends on the performance of the funds one picks.
  • Is it possible to borrow money in the course of the policy?

    Yes, it is possible to make part withdrawals after five years of lock-in.
  • Who should consider the IndusInd Nippon Life Smart Savings Insurance Plan?

    This plan will be appropriate for those who want to invest their money over a long period with life insurance and flexibility in the management of their funds.
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Reliance Life ULIP Plans Reviews & Ratings

4.6 / 5 (Based on 1298 Reviews)
(Showing Newest 10 reviews)
Preeti
Hyderabad, January 27, 2026
Smart Savings Smart Choice
Reliance Nippon Life Smart Savings Insurance Plan purchased through PolicyBazaar is a smart choice for long term savings. The plan features are comprehensive ensuring financial security. Kudos to PolicyBazaar for their impressive service.
Akash
Chennai, January 27, 2026
Optimizing Wealth Optimizing Future
Opting for Kotak Mahindra Wealth Optimise through PolicyBazaar was a strategic choice. The plans features are exceptional providing a diverse range of investment options. PolicyBazaars service exceeded my expectations.
Sangeeta
Bengaluru, January 27, 2026
Wealth Accumulation Simplified
SBI Life Smart Wealth Builder made easy by PolicyBazaar gives you easy way to make more money. The plan has strong stuff keeping your future safe. PolicyBazaar did very good service.
Deepak
Udaipur, January 27, 2026
PolicyBazaar Setting the Standard for Service
PolicyBazaars service set a high standard. Their teams knowledge and assistance in choosing the right ULIP plan were exemplary. A top notch experience overall.
Neha
Vadodara, January 27, 2026
A Trustworthy Advisor
PolicyBazaar acted as a trustworthy advisor in helping me select the right ULIP plan. Their teams expertise and professionalism were commendable. Highly satisfied.
Vikram
Surat, January 27, 2026
Service Par Excellence
The service provided by PolicyBazaar was par excellence. Their team went above and beyond to help me choose the right ULIP plan. Kudos to the PolicyBazaar team.
Ananya
Mumbai, January 27, 2026
The Epitome of Customer Service
PolicyBazaars customer service is exemplary. Their team assisted me in selecting the perfect ULIP plan making the entire process seamless. Highly impressed.
Nisha
Amritsar, January 27, 2026
ICICI Pru Signature Signature Investment for Future
Choosing ICICI Pru Signature through PolicyBazaar was a signature move. The plans features are exceptional providing diverse investment options. PolicyBazaars service was outstanding.
Alok
Jaipur, January 27, 2026
Maximized Savings Minimum Hassle
Opting for Max Life Online Savings Plan via PolicyBazaar was a great decision. The plans features are outstanding and PolicyBazaar service is top notch. Highly recommended.
Sunita
Chandigarh, January 27, 2026
A Click to Secure Future
HDFC Life Click two Invest bought through PolicyBazaar provides a secure investment avenue. The plan features are comprehensive and user friendly. PolicyBazaar service was commendable throughout.


˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

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