Reliance Term Insurance Plans - Affordable Life Cover Online

Reliance Term Insurance offers pure life cover with customizable and affordable solutions, ensuring financial security for your family. Choose between Reliance Online Term, Reliance Online Income Protect, and Reliance e-Term Plan for superior coverage and flexible benefits.

Why Reliance Term Insurance?

  1. High coverage at economical premiums
  2. Multiple types of term plans to match your protection needs
  3. Quick online purchase and easy claim settlement
  4. Discounted premium rates for women and non-smokers
  5. Tax benefits as per Sections 80C and 10(10D) of the Income Tax Act
  6. Optional accidental and disability riders available

Plans Under Reliance Term Insurance

Reliance Online Term Plan

  1. Entry age: 18–55
  2. Maturity age: up to 75
  3. Policy term: 10–35 years
  4. Minimum sum assured: ₹25 lakh
  5. Premium starting ₹3,500/year
  6. 100% online purchase and renewal

Reliance Online Income Protect

  1. Entry age: 18–55
  2. Maturity age: up to 75
  3. Policy term: 10–35 years
  4. Minimum sum assured: ₹35 lakh
  5. Premium starting ₹3,500/year
  6. Regular monthly payouts in addition to lump sum

Reliance e-Term Plan

  1. Entry age: 18–60
  2. Maturity age: up to 70
  3. Policy term: 10–30 years
  4. Minimum sum assured: ₹35 lakh
  5. Maximum sum assured option up to ₹1 crore
  6. Hassle-free online medical verification

Reliance Term Plan Classic

  1. Entry age: 21–60
  2. Maturity age: up to 65
  3. Policy term: 5–30 years
  4. Minimum sum assured: ₹5 lakh
  5. Premium starting ₹2,000/year
  6. Multiple payment modes: Annual, Half-Yearly, Quarterly

Compare Reliance Term Insurance Plans

Plan Name

Basic Parameters

Key Features

Online Term

Entry Age: 18–55Policy Term: 10–35 yrsSum Assured: ₹25 lakh+Premium From: ₹3,500/year

Large cover, low premium

Online Income Protect

Entry Age: 18–55Policy Term: 10–35 yrsSum Assured: ₹35 lakh+Premium From: ₹3,500/year

Regular income benefit

e-Term

Entry Age: 18–60Policy Term: 10–30 yrsSum Assured: ₹35 lakh–₹1 crPremium From: ₹3,500/year

Instant online policy

Term Plan Classic

Entry Age: 21–60Policy Term: 5–30 yrsSum Assured: ₹5 lakh+Premium From: ₹2,000/year

Flexible payments

Key Benefits of Reliance Term Insurance 

  1. Provides financial support and peace of mind for your loved ones in case of unforeseen events
  2. Enhances protection with optional riders for accidental death or disability
  3. Women policyholders enjoy lower premium rates
  4. Policy can be renewed fully online with minimal paperwork
  5. Claim settlement process is quick and efficient

GST of 18% is applicable on life insurance effective from the 1st of July, 2017

FAQs on Reliance Term Insurance

  • What are the advantages for women policyholders?

    Women Policyholders have an advantage as they receive discount on the premiums paid. For the basic Policy, basic premium payable will be equivalent to the premium for a three-year younger male Policyholder.

  • Is there tax benefit for this insurance policy?

    Premiums paid are eligible for tax deduction under Section 80C of the Income Tax Act, 1961. Death Benefit is tax free under Section 10 (10D) of the Income Tax Act, 1961. Under Section 80C, premiums paid upto ` 1,00,000 are allowed as deduction from your taxable income.

  • What happens if I discontinue paying premium?

    The Policy will lapse if the premiums are not paid within the grace period. The grace period is one month but not less than 30 days. However, you have the option to revive the Policy within three years from the date of lapse subject to revival conditions. The Policy is not eligible for any Paid-up or Surrender Value.

  • Who can buy this product?

    Anyone, male or female, who is 21 years to 60 years at the age old at entry can buy this product. The maximum age of maturity for Reliance is 65 years.

  • Are there any flexible payment modes?

    The premium can be paid on a quarterly, half-yearly, or annual basis, depending on the convenience of the policyholder.

  • Are there any exclusions in the policy?

    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 any reinstatement of this Policy.

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