Reliance Special life insuranceTerm Plan:-
FEATURE:-
Reliance Special Term Plan is the only term plan of Reliance Life Insurance which offers return of premium on maturity. This is a variant of pure term plan and is liked by most. This plan also has 2 additional rider benefits that can be attached at an extra cost and there is an in-built rider of waiver of premium where all premiums till Rs 40,000 p.a. would be paid on behalf of the policyholder in case of total and permanent disability.
Our Advice – Since Term Plan is a must in every person’s portfolio, there are many who consider term plans as a complete waste of money. So, this is good news especially for them that if you die within the policy tenure, then your nominee would get the entire sum assured in lumpsum, and if you survive till the end, there is also no loss. The entire premium paid will be returned to you.
KEY FEATURE:-
This is a term plan with return of premium option on maturity.
§ 2 additional rider benefits available
§ In-built rider of premium waiver
§ Special discount for women policyholders
§ Surrender Value provided after completion and payment of 3 policy years
Benefits you get from Reliance Special Term Plan
Death Benefit – In case of death of the policy holder, the nominee gets the entire sum assured.
Maturity Benefit – The premiums are returned on maturity if the life insured survives the entire term.
Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C.
Eligibility conditions and other restrictions in Reliance Special Term Plan
Minimum | Maximum | |
Sum Assured (in Rs.) | 2,50,000 | No Limit |
Policy Term (in years) | 5 | 30 for Regular Premium 15 for Single Premium |
Premium Payment Term (in years) | Single | Equal to Policy Term |
Entry Age of Policyholder (in years) | 21 | 60 |
Age at Maturity (in years) | 26 | 64 |
Single premium (in Rs.) | 3,000 | NA |
Payment modes | Yearly. Half-yearly, Quarterly, Monthly and Single |
contact for insurance:- sanjay tomer
09466423767
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