“Unless
you’re immortal, you need life insurance!” – Anonymous.
We all are living in a world that is very uncertain at
every step. It becomes really important to ensure that your family is secured
and stays protected unconditionally. Reliance Term Insurance Plan helps you do
exactly the same. The term plan by Reliance is a pure form of life insurance.
It offers a complete and affordable coverage to the policyholder for a limited
period. The policyholder can opt for a Sum Assured as per their financial
needs.
There are three different policies offered under the
Reliance Term Insurance. They are:
·
Reliance Nippon Life Term Plan
·
Reliance Nippon Life Online Term
Plan
·
Reliance Nippon Life Online Income
Protect
1.
Reliance
Nippon Life Term Plan:
Reliance Nippon Life Term Plan offers family
protection against the unforeseen circumstances that may affect your family’s
lifestyle when you are not around. This term plan offers a large life insurance
cover at an affordable premium.
|
Parameters
|
Minimum
|
Maximum
|
|
Age
at the entry level (Years)
|
21
|
60
|
|
Age
at the time of Maturity (Years)
|
26
|
65
|
|
Policy
Term (Years)
|
5
|
30
|
|
Premium
Payment Term (Years)
|
Equal to Policy Term
|
|
|
Premium
(Rs.)
|
Rs.
2000
|
No
limit
|
|
Sum
Assured (Rs.)
|
Rs.
5, 00, 000
|
No
limit
|
|
Premium
Payable Mode
|
Yearly, Half-yearly or Quarterly mode
|
|
Key Benefits of the plan:
The key benefits of the term plan by Reliance are:
·
You can choose adequate protection
cover depending upon your needs.
·
This plan enables you to enhance
your protection through optional riders.
·
Under this plan, you enjoy tax
benefits subject to tax laws.
·
This plan ensures security for your
loved ones in case of any mishap.
·
You can buy insurance-cover at an
affordable premium.
Reliance
Nippon Life Online Term Plan:
For today’s generation, Reliance Nippon Life Online
Term Plan is considered as an ideal term plan. It offers a large cover at a
reasonable premium without any tedious paperwork. The process is a convenient
seamless online process. It ensures complete financial protection at lower
premiums.
|
Parameters
|
Minimum
|
Maximum
|
|
Age
at the entry level (Years)
|
18
(Last birthday)
|
55
(Last birthday)
|
|
Age
at the time of Maturity (Years)
|
28
(Last birthday)
|
75
(Last birthday)
|
|
Term
of the Policy (Years)
|
10|15|20|25|30|35
|
|
|
Term
of Premium Payment (Years)
|
Equal to Policy Term
|
|
|
Sum
Assured
|
Rs.
25, 00, 000
|
No
limit
|
|
Premium
|
Rs.
3500
|
No
limit
|
|
Premium
Payable Mode
|
Annual
|
|
Key Benefits of the plan:
The online term plan has the following key benefits:
Flexibility:
The plan provides flexibility to decide the protection cover depending upon his
needs.
Financial
Protection: The plan offers complete financial protection at a
reasonable cost.
Lower
Premiums: The plan ensures healthy lifestyle through lower
premiums.
Simple Process:
The plan has a simple and hassle free process.
Tax
Benefits: The policyholder enjoys the tax benefits as per
applicable tax laws.
Convenience:
The plan offers simplified medical examination process.
Reliance
Nippon Life Online Income Protect Plan:
Reliance Nippon Life Online Income Protect Plan comes
with a feature of protecting your family with a lump sum to pay out larger
liabilities. This Reliance Term Insurance Plan not only protects your family
with a lump sum to pay off liabilities but also provides with a monthly income
to ensure the same standard of living.
This plan provides you with complete financial
protection at a reasonable cost along with the convenience of purchasing the
policy online in just a few clicks.
|
Parameters
|
Minimum
|
Maximum
|
|
Age
at the entry level (Years)
|
18
|
55
|
|
Age
at the time of Maturity (Years)
|
28
|
75
|
|
Term
of the Policy (Years)
|
10,
15, 20, 25, 30, 35
|
|
|
Term
of Premium Payment (Years)
|
Equal
to Policy Term
|
|
|
Base
Sum Assured
|
Rs.
35, 00, 000
|
No
limit
|
|
Annual
Premium
|
Rs.
3500
|
No
limit
|
|
Premium
Payable Mode
|
Annual
|
|
Key Benefits of the plan:
The plan has the following benefits:
Double
Protection: This plan offers double protection at an affordable
cost.
·
Lump sum payout of large
liabilities
·
Regular monthly income until retirement
to protect your family’s lifestyle
Tax
Benefits: The policyholder enjoys tax benefits as per the
prevailing tax laws.
Lower
Premiums: The plan ensures healthy lifestyle through lower
premiums
3-Step
Process: The application process consists of three simple
steps.
Nothing can compensate for the loss of a life, but a term plan can provide you the peace of mind that your family will be secured when
you are not around. You can opt for the best plan that suits you as per your
preferences and requirements.
