Insurance

Reliance Life Insurance Company Limited.

Reliance Life Insurance Company Limited.

Reliance Life Insurance Company is a new life insurance company in India. The company offers various plans of life insurance like protection, savings, investment plans, retirement and child plans.

Reliance Life Insurance has already sold around 1.7 million life insurance policies. The company also deals in asset management and mutual funds, stock broking, general insurance, proprietary investments, and private equity. The company is a part of Reliance-Anil Dhirubhai Ambani Group and an associate company of Reliance Capital Ltd.

 

Term -> Reliance Special Credit Guardian Plan

Eligibility Description
Minimum Sum Assured 250000
Maximum Sum Assured No Limit
Minimum Entry Age 21
Maximum Entry Age 60
Maximum Maturity Age 65
Payment Frequency Monthly,Quarterly,Half Yearly,Yearly,Single

Feature Description
Coverage Covers Housing loan, personal and outstanding on credit cards, Inbuilt waiver of premium, Discount on premiums for women policy holder.
Exclusions The Company will not pay any claim on death if the Life Assured, whether sane or insane, commits suicide within 12 months from the date of issue of this Policy or the date of any reinstatement of this Policy
Grace Period Regular premium - One month or 30 days from the due date for payment of premiums. Monthly Premium - 15 days.
Pre Mandatory Medical Data not available
Cost Health Checkup Data not available
Number of Riders Covered 1
Riders Reliance Critical Illness Rider
Surrender Value Surrender value are provided after payment of three full years premium and after three years have elapsed from date of commencement of the policy. Guaranteed Surrender value for: 1) Regular Premium Payment Modes - 30% of all premiums (exckuding extra premiums and rider premiums) after the first year premium. 2) Single premium Payment modes - 30% of the single premium (excluding extra premiums and rider premiums)
Revival Laps Policy Data not available

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