Reliance Capital’s insurance arm - Reliance Life Insurance Company has unveiled its new offering -- Reliance Super Money Back Plan -- a traditional non-participating plan that facilitates periodic guaranteed money back payouts and a monthly income along with life cover.
The plan offers guaranteed money back benefits to policyholders every five years throughout the policy period along with an increasing monthly income that starts after the premium payment term. Moreover, the new plan is available for customers in the age group 18-55 years with a minimum sum assured of Rs 1 lakh and policyholder can opt for policy terms of 10, 20, 30, 40 or 50 years.
Reliance Life Insurance Company is amongst the leading private sector life insurance companies in terms of new business premium with a market share of 5% of the private sector life insurance industry.
The plan offers guaranteed money back benefits to policyholders every five years throughout the policy period along with an increasing monthly income that starts after the premium payment term. Moreover, the new plan is available for customers in the age group 18-55 years with a minimum sum assured of Rs 1 lakh and policyholder can opt for policy terms of 10, 20, 30, 40 or 50 years.
Reliance Life Insurance Company is amongst the leading private sector life insurance companies in terms of new business premium with a market share of 5% of the private sector life insurance industry.
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