Reliance Simple Term life insurance Plan:-
Feature:-
As the name suggests, this is the SIMPLEST Term Plan in the industry. This plan does not provide any flexibility or anything, but provides for a basic cover of Rs 10000 for 3 years to the family of the life insured by paying almost nothing.
Our Advice – Reliance Simple Term Plan does not provide for high Sum Assured and is for a very small period of time. It is valid only for 3 years and the Sum Assured is Rs 10,000 by paying premium of Rs 100 only per year. Hence it is good for someone who wishes to cover his family but cannot afford to pay premium. It is very beneficial for them.
key feature:-
Pure Term Insurance plan with lowest premium of Rs 100 per annum only.
contact for insurance:- sanjay tomer
09466423767
§ No Maturity Benefits and is only valid for 3 consecutive years.
§ Sum Assured is fixed at Rs 10,000 only.
Benifit:-
Death Benefit – Nominee gets the Sum Assured of Rs 10,000 if the Life Insured dies within 3 years of the policy.
Maturity Benefit – If the Life Insured survives the entire term, there is no Maturity benefit available.
Income Tax Benefit – There is no tax benefit under this plan.
Eligibility conditions and other restrictions in Reliance Simple Term Plan
Minimum | Maximum | |
Sum Assured (in Rs.) | 10,000/- | |
Policy Term (in years) | 3 | |
Premium Payment Term (in years) | Equal to Policy Term | |
Entry Age of Policyholder | 18 | 44 |
Age at Maturity | - | 47 |
Single premium | NA | NA |
Payment modes | Only Yearly | |
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