If the average return on the collared Index over the next 30 years is equal to the worst rolling 30 - year period since 1920 (which, as noted in the chart, was 6.9 percent), the
cash surrender value IRR at the end
of Year 30 will be 5.56 percent rather than the 6.32 percent that is
projected on the
Policy illustration assuming a 7.5 percent Index return.
Surrender charges impose a cost to exiting the policy within the early years, but once the cash surrender value of the policy climbs above the total amount of premiums paid (which, in the case of the Policy, is projected to occur at the end of the 4th year), the policyholder should be able to get out without experiencin
Surrender charges impose a cost to exiting the
policy within the early years, but once the cash surrender value of the policy climbs above the total amount of premiums paid (which, in the case of the Policy, is projected to occur at the end of the 4th year), the policyholder should be able to get out without experiencing a
policy within the early years, but once the
cash surrender value of the policy climbs above the total amount of premiums paid (which, in the case of the Policy, is projected to occur at the end of the 4th year), the policyholder should be able to get out without experiencin
surrender value of the
policy climbs above the total amount of premiums paid (which, in the case of the Policy, is projected to occur at the end of the 4th year), the policyholder should be able to get out without experiencing a
policy climbs above the total amount
of premiums paid (which, in the case
of the
Policy, is projected to occur at the end of the 4th year), the policyholder should be able to get out without experiencing a
Policy, is
projected to occur at the end
of the 4th year), the policyholder should be able to get out without experiencing a loss.
One can compare benefits
of both
policies based on aspects like availability
of loan,
surrender value, tax benefits, death benefits, etc. for Reliance Smart
Cash Plus Plan and Reliance Online Income
Project.