Reliance Life Insurance offers 3 Term Plans
1. Reliance Term Plan
2. Reliance Simple Term Plan
3. Reliance Special Term Plan
1. Reliance Term Plan
It is a pure life insurance plan that offers you comprehensive and affordable coverage for a limited period of time to suit your needs
Features
• Optional Accidental and Disablement Rider to enhance protection
• Economical way to protect your family against financial liabilities like loss of income and outstanding loans etc.
• Discount on premium rates for women
• Suitable for business owners who want to cover the life of their key Employees
Benefits
Death Benefit: In the unfortunate event of loss of life, your beneficiary will receive the Sum Assured.
Maturity Benefit: There is no Maturity Benefit payable under this Policy.
Rider Benefit: You also have the option to add Accidental Death
Benefit and Total and Permanent Disablement Rider and Inbuilt Waiver of Premium
Accidental Death Benefit: It is payable if death occurs directly as a result of an accident and is intimated within 90 days of its occurrence. The Benefit payable is equal to the Rider Sum Assured.
Total and Permanent Disablement Rider: It is payable if the Life Assured becomes totally and permanently disabled directly as a result of an accident.
Inbuilt Waiver of Premium: If the Life Assured becomes totally and permanently disabled, then your future premiums will waived off.
Eligibility
Age at entry: The minimum & maximum age at entry is 21 yrs & 60 yrs respectively.
Sum Assured: The minimum Sum Assured is Rs. 2,50,000 & there is no limit for the maximum sum assured
Term: The minimum & maximum Term is 5 years & 30 years
Maturity Age: The maximum maturity age is 65 years
Mode of Payment: Choose to pay your premium in monthly, bi-annual or annual installments
Minimum Premium: It is Rs 2,000 per installment
2. Reliance Simple Term Plan
It is a cost-effective, pure life insurance plan that offers you comprehensive and affordable coverage for a limited period of time to suit your needs.
You pay premium of Rs 100 every year for three years. On death, during the three year period, your Beneficiary will get Rs 10,000. On survival to maturity nothing is payable.
Eligibility
Age at entry: The minimum & maximum age at entry is 18 yrs & 44 yrs respectively.
Sum Assured: The minimum Sum Assured is Rs. 10,000 Term: The Policy Term is 3 years
Maturity Age: The maximum maturity age is 47 years
3. Reliance Special Term Plan
Reliance Special Term Plan is a pure life insurance plan that offers you comprehensive and affordable coverage for a limited period of time to suit your needs. On survival at maturity all premiums paid for your basic Policy will be returned to you.
Features
• Basic premiums paid will be refunded at maturity
• Discount on premiums rates for women
• Choose to pay regular or single premium
Benefits
Maturity Benefit: On survival to maturity all premiums paid for the basic policy are returned.
Death Benefit: In the unfortunate event of loss of life, your beneficiary will receive the Sum Assured.
Rider Benefit: You also have the option to add Accidental Death
Benefit and Total and Permanent Disablement Rider, Inbuilt Waiver of Premium and Critical Illness Rider.
Eligibility
Age at entry: The minimum & maximum age at entry is 21 yrs & 60 yrs respectively.
Sum Assured: The minimum Sum Assured is Rs. 2,50,000 & there is no limit to the maximum sum assured.
Term: The minimum & maximum Policy Term is 5 years & 30 years in case of regular premium & 15 years in case of 15 years.
Maturity Age: The minimum & maximum maturity age is 26 yrs & 64 yrs respectively.
