Wednesday, 17 August 2011

Reliance Special life insuranceTerm Plan

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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