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Reliance Life Insurance launched Reliance Education Plan

Reliance Life Insurance launched Reliance Education Plan
Last Updated: Jul 02, 2015 | 433 Views
Reliance Life Insurance launched Reliance Education Plan that caters to the need of the child in future in case of unfortunate death of the earning member / policyholder. 

Reliance Education Plan, at a glance:
  • A non-linked, non-participating, child insurance plan that helps parents secure the future of their children.
  • Policy term of 9 to 20 years 
  • Premium payment option of 5, 7 10 years or equal to policy term
  • Maximum entry age is 18 years
  • Along with the guarantee of receiving the basic sum assured at the end of the policy term on maturity, the plan offers an additional 2% of sum assured every year and a guaranteed maturity addition that is equal to the guaranteed addition.
  • In case of the death of the policyholder, the nominee will be entitled to a death benefit and future premiums are waived off.
Speaking at the launch, RLIC chief agency Officer Manoranjan Sahoo said: "Given the higher level of consciousness towards education in the state, Kerala customers would find this plan relevant for their children's career."

Reliance Life Insurance Company is a part of Reliance - Anil Dhirubhai Ambani Group (ADAG). Reliance Life Insurance is one of the few private life insurance companies in India which have launched operations without a foreign partner. Apart from its stand-alone distribution network the company has access to its large distribution which already is into the consumer finance business in a big way.

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