Reliance Term Plan ensures that your family will be safe even if you are not around to look after them. You will know that they will be financially secured. This plan offers a large life insurance cover at an affordable premium.
With this plan, you can rest assured that your family will live comfortable no matter what happens to you. You can also enhance your protection through the riders available with this plan.
The eligibility criteria for this term plan are as follows:
Mr.Ram is a 35 year old software professional. He wishes to take a life insurance so that his family won't have to be financially burdened if in the event he dies. He takes the policy for 25 years with sum assured Rs.20 lakhs. The premium he will have to pay towards it is Rs.8,260. If he dies during the policy term, his dependent will get the sum assured.
GST of 18% is applicable on life insurance effective from the 1st of July, 2017
The policy term offered for this plan is 5 to 30 years.
The minimum sum assured offered is Rs.5 lakh and there is no maximum limit set.
In the event of your death when the policy is in coverage, your nominee will receive the sum assured that you have chosen.
For a regular plan the minimum premium you can pay is Rs.2,000.
No, you can't surrender Reliance Term Plan policy.
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