Check the list of Reliance Life Protection Plans. Reliance Life Insurance offers a new Protection Plans so that life assured can live tension & stress-free life. This Protection Plan ensures that your family stays protected always from unexpected events. So check Reliance Life Insurance Term Plan, Online Term Plan, Online Income Protection Plan. The policyholder has a wide range of options to choose a plan. In this article, we are providing the Key Features and Benefits of different Reliance Life Protection Plans.
Reliance Life Protection Plans Review
The life assured primary goal is to see his/her family happy & secure at all times. For that Purpose, Reliance Life Insurance Protection Plan is the best way to the policyholder. Reliance Life Insurance provides best protection plans for the insured to secure their Life. The various Reliance Life Protection Plans are Reliance Online Term Plan, Reliance Term Plan and Reliance Online Income Protection Plan. The customer may view the details of each protection plan individually in this article. This Reliance Life Insurance Protection Plans may protect you and your family at all the times. So, before going to buy a new plan, the life insured may check the details of that particular plan here itself.
Types of Reliance Life Insurance Protection Plans
The below given plans are also called term insurance plans, and they provide high sum assured covers at minimal rates of premium. The Reliance Life Protection Plans provides three different types of protection plans namely:
- Reliance Online Term Plan.
- The Reliance Term Plan.
- Reliance Online Income Protect Plan.
Reliance Online Term Plan Benefits and Key Features
The Reliance Online Term Plan is a non-linked, non-participating term insurance plan. Reliance online term plan UIN No: 121N099V01.
- You can acquire comprehensive life protection at an affordable cost.
- The life assured can acquire adequate cover based on your life-stage and liabilities.
- Protect your family against unforeseen circumstances.
- Experinace a simple online application process.
- You can obtain medical tests done at your door step.
Key Features
- Flexibility to determine protection cover based on your needs.
- Complete financial protection at an affordable cost.
- Rewards for the healthy lifestyle through lower premium.
- Simple and hassle free application process.
- Income tax benefits as per applicable tax law.
- Simplifies medical examination process.
Benefits of Reliance Life Online Term Plan
Reliance Life Online Term Plan offers you full Range of Benefits such as Death Benefit covers benefit to protect your family.
Death Benefit:
In the case of sudden death of the policyholder during the policy term. The company will pay the Death Benefit as higher of Basic Sum Assured or 10 Times the Annualised Premium & annual bonus. Or 105% of the Total Premiums Paid to the Nominee Person.
- The policy terminates once the death benefit is paid.
- There are no additional benefits for the Reliance Life Online Term Plan.
- For more information check the Reliance Life Protection Plan Broucher.
- No maturity benefits are payable under this plan.
Eligibility Conditions for Reliance Online Term Plan
| Eligibility | Conditions |
| Age at Entry |
|
| Age at Maturity |
|
| Policy Term | 10, 15, 20, 25, 30, 35 years |
| Premium Payment Term | Equal to policy term |
| Sum assured |
|
| Premium |
|
| Premium Payment Mode | Annual |
Reliance Life Term Plan Benefits and Key Features
Reliance Life Term Plan is a non-linked, non-participating term insurance plan with UIN No: 121N005V03. The Reliance Term Plan is an affordable term insurance plan that provides coverage in case of sudden causes. The term plan offers the rider to enhance protection. This Reliance Protection Term Plan can use as per the needs of the plan buyer.
- The policyholder can acquire easy and affordable protection.
- Life assured can acquired cover based on your liabilities.
- Insured can protect their family against sudden conditions.
- Ensure your family lives a comfortable life, no matter what.
- Enhance your protection through riders.
Key Features:
- Choose adequate protection cover based on your needs.
- Enhance your protection through optional riders.
- Enjoy the tax benefits as per applicable tax law.
- Ensure that your loved ones are secured in case of an eventuality.
- Purchase the insurance cover at an affordable premium.
Benefits for Reliance Life Term Plan
Death Benefits:
In the case of sudden death of the life assured during the policy term. The company will pay the Death Benefit as higher the benefit amount equal to the Sum Assured will be paid to the nominee as a single lump sum. The policy will terminate on the payment of the death benefit is paid. There are no additional benefits for the Reliance Life Term Plan.
Maturity Benefits:
There are no maturity benefits payable under this plan. On the survival of the life assured till the end of the policy term, all benefits under this policy will end, and the policy terminates.
For more information check the Reliance Life Protection Plan Broucher.
Eligibility Conditions for Reliance Term Plan
| Eligibility | Conditions |
| Age at Entry |
|
| Age at Maturity |
|
| Policy Term |
|
| Premium Payment Term | Equal to Policy Term |
| Premium |
|
| Sum assured |
|
| Premium payment mode | Yearly, Half-yearly & Quarterly mode. |
Reliance Life Online Income Protect Plan Benefits and Key Features
Reliance Life Online Income Protect Plan is a non-linked, non-participating term insurance plan with UIN No: 121N111V01. A complete insurance plan which not only provides a fixed sum assured in the case of policyholder death but also assures a fixed monthly income.
- The policyholder can secure their family future.
- Ensure that all your liabilities cover are covered adequately.
- The life assured can get guaranteed monthly income for their family in their absence.
- You can protect your family against financial worries.
- Enroll online through a simple process.
Key Features:
- Lump sum payout to cover your liabilities.
- Regular monthly income top protect your family lifestyle.
- Income tax benefits as per applicable tax laws.
- Rewards for the healthy lifestyle through lower premium.
- Simple three steps application process.
Benefits for Reliance Life Online Income Protect Plan
Death Benefit:
In the case of unfortunate death of the policyholder during the policy term. The company will pay the Death Benefit as higher the claimants will receive the sum assured on death and monthly income benefits. Monthly income benefit is the minimum of 105% of total premium paid till the date of the death. There are no additional benefits for the Reliance Life Online Income Protect Plan.
- No maturity benefits are payable under this plan.
For more information check the Reliance Life Protection Plan Broucher.
Eligibility Conditions for Reliance Online Income Protect Plan
| Eligibility | Conditions |
| Age at Entry |
|
| Age at Maturity |
|
| Policy Term | 10, 15, 20, 25, 30, 35 years. |
| Premium Payment Term |
Equal to the policy term. |
| Base Sum Assured |
|
| Annual Premium |
|
| Premium Payment Mode | Annual |
Reliance Life Protection Plans Premium Calculator
The Reliance Life Protection Plans Premium Calculator is available on the official website. The policyholder can directly calculate their Premium by following this process.
- Open the official website www.reliancelife.com.
- Click on the ‘All Plans’ option.
- Select the Plan which you want to buy.
- That particular plan page will be displayed.
- ‘Calculate Premium’ option is available there on the right side navigation.
- Click on the ‘Calculate Premium’ option then it will redirect to the Calculator page.
- Check your Premium details there.
These Reliance Life Protection Plans Premium Calculator is also available on our site. The policyholder who interested in buying this policy has to know complete details about the policy. Those have to check the premium details and buy Reliance Life Protection Plans to secure you and your family.
Reliance Life Insurance Protection Plans Buying Process
Reliance Protection Plans are available at the nearest Reliance Branch Office. Online Buying is also available on the official website. The policyholder can directly buy the Policy from the homepage. The Online Process for buying is given below.
- Open the official website www.relaincelife.com.
- Click on the ‘All Plans’ option.
- Select the Plan which you want to buy.
- That particular plan page will be displayed.
- Buy online for that particular plan is available.
- Click on the ‘Buy Online’ option.
- Check the premium calculator and get details.
- Next, click on the ‘Buy Now’ option.
- Fill the Text boxes with correct details.
- And upload the required documents with specified size.
- Finally Submit the form carefully.
Reliance Life Insurance Protection Plan Claim Process
The Nominee can apply for the claim in the case of Sudden Death or Disability Occurred due to the Sudden Accident of the Policyholder within the Policy Term. A nominee can apply for claim process through online at the official website. The following documents required for the claim.
- Death Certificate issued by Municipal authorities.
- Original policy document.
- A copy of Bank Pass Book/ Cancel Cheque.
- Photo Identification and Address proof of the claimant.
- Hospital/ Other treatment records.
- Post-mortem & chemical viscera report.
- Physician’s Statement.
Reliance Life Insurance Protection Plans – Additional Information
Free Look Period:
If the policyholder is not satisfied with the terms and conditions of the policy, then the policyholder may cancel the policy within the Free Look Period mentioned by the company. For most of the policies, it will be 15 days.
Grace Period:
If the life assured has not paid the premium within time, the company will provide a grace period to make the Insured pay the premium within that time. Most of the Reliance Life Protection policies has the grace period as shown below.
- For Base Plan – 15 days.
- For Riders – 30 days.
Revival Period:
The Policy can be revived within two years from the date of first unpaid premium.
Surrender Value:
The customer can surrender the policy at any time during the policy term if the policyholder has paid the premiums for the period mentioned by the company.
Reliance Life Insurance Contact Details
For more information regarding your policy related requirements, you can call to the Reliance Life Insurance Protection Plan Customer care. (Or) Visit the nearest Reliance Life Insurance Branch.
Contact Details:
Customer Care No: 180030008181.
Call to: 91 30338181.
Fax: 022-30002222.
The official website of Reliance Life Insurance is www.reliancelife.com.
Reliance Life Insurance Mail Id is rlife.customerservice@relianceada.com.