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Reliance Term Insurance plan ensures that your family can live independently even after your demise. The company offers two-term insurance plans that financially secure your family. It also provides the needful cover with a high sum assured at nominal prices.
The Reliance Term Plan offers easy-to-understand term plans that provide sufficient coverage depending on your needs and requirements. These plans are designed to protect your loved ones in the event of any unforeseeable occurrence.
Continue reading to explore more about the term plans offered by Reliance Life.
Do remember to check the company's overall performance before buying a term plan. Below mentioned are some of the parameters that will give you an insight into the company's performance and will help you to make the right decision:
The plan provides a lump sum benefit payout upon death with a 5% annual increment and a maximum cap of 100% of the chosen Base Sum Assured.
Unique Features
Reliance Life Saral Jeevan Bima is a standard term plan that looks after your family's financial needs by paying a lump sum after your demise.
Unique Features
The plan offers a return of 105% of the Total Premiums Paid and includes optional riders for added protection.
Unique Features
Reliance term plans come with several benefits to the policyholders. Lets look at some of the benefits offered by the company:
A rider is an optional add-on to a term life insurance policy that offers supplementary benefits or coverage beyond the basic policy, such as critical illness protection or accidental death benefits. Here are the riders provided by Reliance Term Insurance Plans:
You can buy a Reliance Life Insurance term plan from the official website of the company or from PolicyX.com. Let's discuss it in detail.
**The other Reliance Life Insurance term plans are not available online. You have to visit the nearest branch of the company to invest in the same.
For the claim settlement process, a claimant or beneficiary needs to:
Documents Required for Claim Intimation
Reliance Nippon Life Insurance Reliance Centre, 5th Floor, Off. Western Express Highway, Santacruz (East), Mumbai - 400055.
rnlife.customerservice@relianceada.com
1800-102-1010 [Toll-Free Customer Care Number (Pan India)]
(9:00 am to 6:00 pm; Monday to Saturday)
You can track your claim by visiting the official website of the company and login into your online policy account. You can also check the same at the nearest branch of the company.
The policy will get lapse if the premiums are not paid within the grace period (30 days). However, you have the option to revive the policy within three years from the lapsed date (as per the revival conditions).
The company will not pay any claim on death if the life assured, whether sane or insane, commits suicide within 12 months from the date of issue of this policy or the date of reinstatement of the policy.
The company promises to settle the claims of your Reliance Term Plan in 10 days, provided all the important information is submitted to the company and where 4 or more annual premiums have been paid.
To revive your lapsed Reliance Term Insurance within 2 years from the due date of the first unpaid premium. To revive your policy you need to pay all the outstanding premiums along with the additional interest.
Yes, one can avail a tax benefit on the premiums paid under Section 80C of the Income Tax Act, 1961.
Individuals between the ages of 21 and 60 can apply for this term plan.
The policy term for the term plan ranges from 5 to 30 years.
Yes, you can choose to pay premiums yearly, half-yearly, or quarterly.
Reliance offers various riders, such as the Major Surgical Benefit Rider, the Critical Conditions Rider, the Family Income Benefit Rider, the Accidental Death Rider, and the Total and Permanent Disablement Rider.
No, these term plans do not acquire any surrender value.
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Read what our customers have to say about Reliance term insurance company
anu yadav
Ranchi
February 24, 2022
Good company. People are nice there. I am a single mother and detected with cancer so i got critical illness rider money for my treatment
nidhi
Kanpur
February 18, 2022
Good service. I was not having knowledge and my husband passed away. Company gave me complete return of my husband saving
Bhawna Sangar
Indore
September 29, 2021
Nice company. Understands the need of its customers. And offers various plans to us. Keep it up Reliance.
Nimrat Sakhuja
Mumbai
September 21, 2021
If you are looking to buy a Life insurance policy, go for Reliance Life Insurance company. Just go for it. Please meri bat mano aaj hi kharid lo.
Hansika Tiwari
Meerut
September 3, 2021
Reliance is a renowned life insurance company, and that s why we brought its life insurance plan. I am happy with the way it works and supports its customers.
Dhruvi Kukreja
Delhi
September 21, 2021
I decided to buy term life insurance from Reliance Life Insurance. The main reason to go for it was that it was one of the best policies and its claim settlement ratio was among the top 5 insur...
Raghav Baruah
Mumbai
August 23, 2021
had a superb chat about getting a term insurance plan from Relaince. Had lil to no idea and think im in a good position to purchase one now! thanks team :)))
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