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What is a Reliance Term Plan?
Reliance Term Plan is a pure life insurance plan that offers you comprehensive and affordable coverage for a limited period of time to suit your needs.
What are its key features?
Get higher insurance protection at economical rates Optional Accidental and Disablement Rider to enhance protection Protect your family against financial liabilities like loss of income, outstanding loans etc. Discount on premium rates for women Suitable for business owners who want to cover the life of their key employees .
Reliance Term Plan
Get higher insurance protection at economical rates Optional Accidental and Disablement Rider to enhance protection Protect your family against financial liabilities like loss of income, outstanding loans etc. Discount on premium rates for women Suitable for business owners who want to cover the life of their key employees .
What are its benefits?
Life Cover Benefit: In the unfortunate event of loss of life, your beneficiary will receive the Sum Assured. Maturity Benefit: There is no Maturity Benefit payable under this Policy Rider Benefit: You also have the option to add Accidental Death Benefit and Total and Permanent Disablement Rider.
What is the claim ratio?
Reliance Term Plan claim ratio is 95.17%. Reliance life insurance policies with premium paid for 4 or more years, come with a 12-day claim guarantee. This simply means they process and settle your claim as fast as possible; else they pay you 6.5% interest p.a. for delayed payment.
Why Insuremile?
The most important differentiator is InsureMile’s ‘Buy A Policy, Feed A Child’ mission. For every policy you buy, InsureMile on your behalf contributes 25 meals to a child. You are thus becoming part of a Social Movement to eradicate hunger among children in India. There is no additional amount to be paid for the social cause. It is part of the premium. You can claim tax benefits for the donation you have made.