Reliance Term life insurance Plan

Reliance Term life insurance Plan:-

Feature:-

Reliance Term Plan is a basic term insurance policy which offers high coverage at low and affordable premiums. There are additional benefits in the form of riders of Accidental Death Benefit and Total and Permanent Disability rider. In term plans, if the policy holder dies during the policy tenure then the nominee gets the sum assured. However, if the policy holder survives the entire policy term then he/she does not get any money on maturity.

Our Advice – Term Plan is a must in every person’s insurance portfolio. High coverage with low premiums is the unique feature of Term Plans. Reliance Life Insurance Term Plan provides this additional inbuilt benefit of Premium Waiver facility in case of total disability of the policy holder. Avail term insurance covers as early as possible since the premiums are less for younger age bands.

KEY FEATURE:-

      It is a pure Term Insurance Policy with Death Benefit only

§         It has inbuilt Waiver of Premium rider for Total Disability and Accidental Benefit and Total and Permanent Disability riders.

§         The rider can be added at inception or any other policy anniversary.

§         Discount is provided to woman policyholders.

BENIFIT:-

Death Benefit – Nominee gets the Sum Assured if the Life Insured dies within the policy term.

Maturity Benefit – If the Life Insured survives the entire term, there is no Maturity benefit available.

Eligibility conditions and other restrictions in Reliance Term Plan

	Minimum	Maximum
Sum Assured (in Rs.)	2,50,000	No Limit
Policy Term (in years)	5	30
Premium Payment Term (in years)	Equal to Policy Term	Equal to Policy Term
Entry Age of Policyholder (in years)	21	60
Age at Maturity (in years)	-	65
Single premium	NA	NA
Payment modes	Yearly. Half-yearly, Quarterly

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.

CONTACT FOR INSURANCE:- SANJAY TOMER

                                                        09466423767