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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Reliance Term Insurance Plans - Affordable Life Cover Online

Insurance policies that help you safeguard your family's financial future in the event of an unforeseen circumstance are reliance on life term insurance plans. Plans like Reliance Online Term and Reliance Digi Term insurance make it simple to get life insurance online. These plans begin with inexpensive life insurance and allow you to select the duration of coverage, ranging from ten years to more. When the policyholder passes away, the nominee gets the guaranteed sum. Benefits like a reliable monthly income for your family are available.

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Why Reliance Term Insurance?

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

Plans Under Reliance Term Insurance

Reliance Online Term Plan

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

Reliance Online Income Protect

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

Reliance e-Term Plan

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

Reliance Term Plan Classic

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

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Compare Reliance Term Insurance Plans

Plan Name	Basic Parameters	Key Features
Online Term	Entry Age: 18–55Policy Term: 10–35 yearsSum Assured: ₹25 lakh and abovePremium From: ₹3,500/year	Large cover, low premium
Online Income Protect	Entry Age: 18–55Policy Term: 10–35 yearsSum Assured: ₹35 lakh and abovePremium From: ₹3,500/year	Regular income benefit
e-Term	Entry Age: 18–60Policy Term: 10–30 yearsSum Assured: ₹35 lakh to ₹1 crorePremium From: ₹3,500/year	Instant online policy
Term Plan Classic	Entry Age: 21–60Policy Term: 5–30 yearsSum Assured: ₹5 lakh and abovePremium From: ₹2,000/year	Flexible payments

Key Benefits of Reliance Term Insurance

Here are the benefits of Reliance Term Insurance as follows:

In the tragic event of your death, Reliance term life insurance offers your family a lump sum death payment

Reliance term life insurance plans are an affordable approach to safeguard your family's financial future because their rates are cheaper than those of other life insurance options

It provides a range of term insurance policies with distinct coverage options, enabling you to select a policy that suits your family's requirements and financial constraints

You may be entitled to deduct the premiums you pay for your term life insurance policy from your taxes, according to section 80C of the Income Tax Act

The customer service department of the life insurance company is always available to assist you with any issues pertaining to your term life insurance policy.

Other Products from Reliance Group

Reliance Health Insurance

Life Insurance Plans from Reliance

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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