Thursday, 6 April 2017

Affordable Life Insurance Plans by Reliance



Reliance Life Insurance is an integral part of Reliance Capital and Reliance Group. The company offers life insurance products targeted at groups, individuals as well as corporate entities. The Reliance Life Insurance Company currently provides products across five key segments namely- protection, investment, child, health, retirement and ULIP Plans. The company works with a customer centric approach and offers a wide variety of comprehensive insurance policies to the customers.

The plans offered by Reliance life Insurance are highly customized in order to fulfill the requirements of the customers. The insurance seekers can also check the reliance life insurance review before zeroing in on a plan. To help you know more about Reliance Term Insurance, here we have briefly discussed about the top plans offered by Reliance Life Insurance.

·        Reliance Term Insurance Plan-
 This is an economical term insurance plan that provides coverage in case of unfortunate or untimely death of the insured. In order to enhance the protection, the insured can also buy rider under this plan. Reliance Term Insurance Plan can be customized and bought according to the requirement of the policy holder.

·        Reliance Online Income Protector-
This is a comprehensive insurance plan which offers a fixed sum assured to the beneficiary of the policy in case of uncertain death of the policy holder along with a fixed monthly income. With simple hassle free online process the plan offers adequate coverage at low rate.  Moreover, the buyer can also check reliance life insurance review online and choose the most beneficial plan according to their own choice.

·        Reliance Immediate Retirement Plan-
This is a single premium paying plan, under which the buyers have to make one time premium payment as lump-sum amount in order to get a regular income as per their selected payout option. This plan basically provides security to the life insured and their family after the retirement. The plan is offered in three different payout options life annuity, life annuity guaranteed with 5,10 or 15 years and life annuity with return of purchase price.

·        Reliance Smart Pension Plan-
This is a Unit linked non-participating insurance plan that offers guaranteed regular income post retirement. The term of the policy ranges from 10-30 years. A guaranteed monthly income is paid along with flexibility and loyalty addition to increase the retirement funds in ways of top ups. This plan also provides tax benefit under the section of income tax act.

·        Reliance Education Plan-
This plan secures the insured child’s education and allows the insured to invest in multiple funds. The plan also offers the policy holder a flexibility to switch between various funds depending upon the market conditions. The plan provides guaranteed maturity benefit along with additional benefit in case of uncertain death of the policy holder. The plan has a flexible premium payment option and offers tax benefit under section 80D of income tax act.

Saving and Investment Plans-
These policies are designed to fulfill the dual purpose of providing life insurance coverage to the insured and saving avenues to the customer at the same time. With minimum premium rates these plans offers goods return at the end of the policy tenure.

The Reliance life insurance plan offers a wide variety of saving and investment plans
·        Reliance Super money back plan
·        Reliance Guaranteed Money back plan
·        Reliance Fixed saving
·        Reliance Blue Chip Saving Insurance Plan
·        Reliance Increasing Income Insurance Plan
·        Reliance Fixed Money Back Plan
·        Reliance Life Long saving
·        Reliance Future Income
·        Reliance smart Cash Plan
·        Reliance Money Multiplier Plan
·        Reliance Endowment plan
·        Reliance super Endowment plan

Reliance Child Plan-
Under this plan a guaranteed sun assured along with life coverage for the entire term of the policy is available for the insured. The plan also provides tax benefit under the income tax law.

So, this is the list of some affordable plan offered by Reliance Life Insurance. According to your own requirement and affordability he/she can compare the quotes and check reliance life insurance reviews online before zeroing in on a plan. 

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