Reliance Life Insurance is a part of Reliance Capital of the Reliance ADAG. Reliance Capital comes from the stable of India's leading private sector financial services companies, and ranks among the top private sector financial services and non-banking companies, when seen in terms of net worth.
Reliance Protection plans
RLIC offers protection plans under a similar category as term insurance as others providers. This is a non-linked, non-participating policy which offers whole term risk cover only and no survival benefits are usually payable.
RLIC offers two variants of the policy—Reliance Protection
And Reliance Protection Online term plans.
Salient features are as below:
1) High cover with low policy premium
2) Doorstep medical checkups
3) Tax benefits for premium paid
4) Provision of applicable riders
This is an affordable protection policy that allows the primary breadwinner to take a protection plan in his name without incurring a large expense. Consequently, if anything happens to him, his family feels secure.
One of the advantages of these plans is that hassle-free medical tests are done right at policyholders’ house and these are again paid for by the company.
The online term plan extends similar benefits to policyholders’ at the convenience of a click.
Free Look Period
The insurer also provides a 15 day “Free Look” period during which the consumer may examine the details of the Protection plan at his or her discretion.
A simple illustration
Rahul was a 35-year-old software engineer married to Neha for 5 years. They had a 3 years old daughter, Jagriti. Rahul had taken a large EMI on his house loan and wished to secure it through the Protection plan from Reliance Life Insurance.
So he zeroed in on the Reliance Protection Term Plan, fills in his details and gets the quote from the representative. He pays the first premium and all his medical tests etc. are done at his doorsteps.
3 years later, Rahul passes away to a road accident. Neha and Jagriti struggle to cope with his loss, but the cheque from RLIC keeps them assured of a regular monthly income.
The house also stays with them.
This is how Reliance Protection comes in handy to cover you from life’s risks, if you've planned well in advance.
Simple cover, affordable plan
Being a non-linked. A non-participating plan keeps Reliance Protection plan simple and straightforward. Consequently, this becomes a good plan for the main breadwinner of the family to cover his risks.
Additional rider covers increase the flexibility of risks and may offer extra risk coverage.
From the reputed house of Reliance
Backed by the reliable house of Reliance, the Protection plans provide financial independence and security that free you to focus on your financial future.
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