About Reliance Life Insurance Cash flow Plan :
Reliance life insurance company introduced one of the new policy that is Reliance Life Insurance’s Cash Flow Plan.
Key Features :
Easy Liquidity Get periodic cash flows at the end of the fourth year and thereafter at the end of every three years.
Wealth creation through bonus additions.
On maturity, receive accumulated bonuses along with final lump sum payout.
More value for your money by way of high sum assured rebate.
Full sum assured plus bonuses in case of your unfortunate death. This is over and above the survival benefits already paid.
Option to add two riders – critical illness rider & accidental death benefit and total and permanent disablement rider.
Details of Policy :
You pay premium every year for the entire term and get survival benefits at periodical intervals as mentioned. On death, your beneficiary will get the full sum assured, plus accumulated bonuses, over and above the survival benefits already paid to you.
Benefits :
Survival Benefit : Get a percentage of the sum assured on the fourth anniversary and on every third policy anniversary till maturity.
Maturity Benefit : On maturity, you get the remaining percentage of the sum assured plus accumulated bonuses.
Life cover benefits : In the unfortunate event of loss of life, your beneficiary will receive the full sum assured plus accumulated bonuses till that date.
Rider Benefit : You also have the option to add two additional benefits to customize the policy as per your needs.
Accidental Death benefit and total and permanent disablement rider.
Critical illness rider.
Minimum age of entry is 15 years and maximum is 63 years as per last birthday.
Minimum age of Maturity is 22 years and maximum is 70 years as per last birthday.
Sum assured is minimum 25,000 and maximum is No limits.
Minimum policy term is 7 years and maximum is 34 years.
Payment modes are yearly, half yearly, quarterly, monthly with salary deduction schemes only.
Company will not pay any accidental death claims and total and permanent disablement claim with results directly or indirectly from any one or more of the above :
An act or attempted act of self injury.
Participation in any criminal or illegal act.
Being under the influence of alcohol or drugs except under direction or a registered medical practitioner.
Racing or practicing racing of any kind other than on foot, flying or attempting to fly in, or using or attempting to use, an aerial device of any description, other than as a fare paying passenger on a recognised airline or charter service.
Participating in any riot, strike or civil commotion, active military, naval, air force, police or similar service.
Critical Condition riders are sudden onset of a major illness causes worries and heavy expenses, our optional critical conditions cover helps provide financial relief in such case. It pays you the sum assured upfront in respect of ten major illnesses like :
Cancer
Coronary Artery Bypass Surgery
Heart Attack
Stroke
Kidney Failure
Aorta Surgery
Coma
Heart Value Replacement
Major Organ Transplant
Paralysis.
Waiting and survival period :
The company will not pay the critical illness benefit if :
The critical illness begins prior to or within six months of the commencement date or date of reinstatement of the benefit – waiting period.
Death from critical illness takes place within 30 days of the onset of the same survival period.
Avail of a loan against this policy :
No Loan is not available under this policy.
Free look Period :
15 days free look period as per policy terms and conditions.
Tax benefits :
As per the In come tax Act 1961, tax deduction under section 80C and under section 80D of the act. Maturity and Death benefit are tax free under section 10(10D) of the act.
If you want to purchase this policy please contact your nearest Reliance Life Insurance Company Limited branch or visit on to www.reliancelife.com or mail to rlife.coustomerservice@relianceada.com. or call me 9886043598 / 9449410244.
Reliance life insurance company introduced one of the new policy that is Reliance Life Insurance’s Cash Flow Plan.
Key Features :
Easy Liquidity Get periodic cash flows at the end of the fourth year and thereafter at the end of every three years.
Wealth creation through bonus additions.
On maturity, receive accumulated bonuses along with final lump sum payout.
More value for your money by way of high sum assured rebate.
Full sum assured plus bonuses in case of your unfortunate death. This is over and above the survival benefits already paid.
Option to add two riders – critical illness rider & accidental death benefit and total and permanent disablement rider.
Details of Policy :
You pay premium every year for the entire term and get survival benefits at periodical intervals as mentioned. On death, your beneficiary will get the full sum assured, plus accumulated bonuses, over and above the survival benefits already paid to you.
Benefits :
Survival Benefit : Get a percentage of the sum assured on the fourth anniversary and on every third policy anniversary till maturity.
Maturity Benefit : On maturity, you get the remaining percentage of the sum assured plus accumulated bonuses.
Life cover benefits : In the unfortunate event of loss of life, your beneficiary will receive the full sum assured plus accumulated bonuses till that date.
Rider Benefit : You also have the option to add two additional benefits to customize the policy as per your needs.
Accidental Death benefit and total and permanent disablement rider.
Critical illness rider.
Minimum age of entry is 15 years and maximum is 63 years as per last birthday.
Minimum age of Maturity is 22 years and maximum is 70 years as per last birthday.
Sum assured is minimum 25,000 and maximum is No limits.
Minimum policy term is 7 years and maximum is 34 years.
Payment modes are yearly, half yearly, quarterly, monthly with salary deduction schemes only.
Company will not pay any accidental death claims and total and permanent disablement claim with results directly or indirectly from any one or more of the above :
An act or attempted act of self injury.
Participation in any criminal or illegal act.
Being under the influence of alcohol or drugs except under direction or a registered medical practitioner.
Racing or practicing racing of any kind other than on foot, flying or attempting to fly in, or using or attempting to use, an aerial device of any description, other than as a fare paying passenger on a recognised airline or charter service.
Participating in any riot, strike or civil commotion, active military, naval, air force, police or similar service.
Critical Condition riders are sudden onset of a major illness causes worries and heavy expenses, our optional critical conditions cover helps provide financial relief in such case. It pays you the sum assured upfront in respect of ten major illnesses like :
Cancer
Coronary Artery Bypass Surgery
Heart Attack
Stroke
Kidney Failure
Aorta Surgery
Coma
Heart Value Replacement
Major Organ Transplant
Paralysis.
Waiting and survival period :
The company will not pay the critical illness benefit if :
The critical illness begins prior to or within six months of the commencement date or date of reinstatement of the benefit – waiting period.
Death from critical illness takes place within 30 days of the onset of the same survival period.
Avail of a loan against this policy :
No Loan is not available under this policy.
Free look Period :
15 days free look period as per policy terms and conditions.
Tax benefits :
As per the In come tax Act 1961, tax deduction under section 80C and under section 80D of the act. Maturity and Death benefit are tax free under section 10(10D) of the act.
If you want to purchase this policy please contact your nearest Reliance Life Insurance Company Limited branch or visit on to www.reliancelife.com or mail to rlife.coustomerservice@relianceada.com. or call me 9886043598 / 9449410244.
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