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Reliance Term Insurance Plan- The Complete Guide To All The Benefits And Features

Reliance term insurance plan is a widely acclaimed insurance plan that has become a favourite and one of the best plans in the market very soon.

Reliance term insurance plans, brought to the buyers in the market by the very trustworthy name reliance has gained a lot of appreciation from various buyers. The reliance term insurance plan has various types of insurance policies under its name to suit the various needs of the buyer.

This facility under this term plan has made it a very efficient policy since people can buy a policy that would accommodate their specific needs.

The reliance term insurance however, it's the most important policy out of the Lot. It is a complete cover life insurance that takes care of the need of the family members life's in the absence of the policy holder.

The whole idea behind the reliance term insurance is to give the buyer complete cover at the best price possible. Which is why is must be mentioned that the reliance term insurance is a very economical policy and is largely targeted at he young generation who want to secure their futures in the best price.

There are so many variations that can be done in the reliance term insurance plan that everyone can find a policy that suits them and their budget. The budget is very buyer friendly making it easier for every individual to secure their families future.

Reliance term insurance is different from any other insurance that other companies are offering in the market since it wants to be affordable without decreasing any facilities or cover that they are offering. Which is why, it has become one of the most popular policies in the market in today's time.

 

Overview

Before getting into the other technicalities of the reliance term insurance plan, here's an overview of the entire plan.

 

MINIMUM

MAXIMUM

ENTRY AGE

21 YEARS

65 YEARS

PREMIUM

2,000

N0 LIMIT

SUM INSURED

5,00,000

NO LIMIT

POLICY TERM

5 YEARS

30 YEARS

 

Why to buy reliance term insurance plan?

The reliance term insurance does not compromise on any of the covers that you may want for securing your families future. It also adds on other situations like accidents or disability under its cover to give an even more secure and strong policy. The most important factor is that whilst doing all of this, the policy is also offered to the buyers at extremely affordable and economical rates. Keeping in mind the recent inflation and the newly budding generation of youngsters these days.

 

Features and benefits

The Reliance Term Insurance Plan has a Long List of Benefits to it, some of them being,

•Higher security and a better sum insured at the least possible prices.

•The policy offers a discount incase a woman wants to buy the policy.

•It is extremely good for employers who want to secure the lives of their employees.

•It offers you the option where even accident and disability could be covered without much hassles.

•It lets you choose from the various different variations of the plan that would suit your needs the best.

Eligibility

Just like other insurance policies, the reliance term insurance plan also has almost the same eligibility criterion like,

•you must be of or above the age of 21 to buy the policy.

•Your age must be of or under 60.

•You must not be diagnosed with any pre exiting diseases or ailments.

Inclusion

Here are the few factors included in the reliance term insurance,

•complete life cover in ye absence of the policy holder.

•Cover for other unfortunate incidents like accident or disability.

•Other different types of plan involving monthly income are also available under the plan.

Exclusion

Here are the few exclusions that one must take a look at before investing in the reliance term insurance,

•cover is not given in case the policy holder commits suicide.

•Pre existing diseases or ailment would not be covered.

Documents required

Following are the documents you may require while buying the policy,

•age proof- birth certificate

•Identity proof- pan or Aadhar card.

•Address proof- ration card or passport.

•Medical certificate may be required in certain cases.

Claim process

 

The claim process of the reliance term insurance plan is extremely hassle free. Just like you can buy the policy online, you can also claim for the policy online on their official website. The policy has a 24/7 customer care service to help you with the claim process in which ever way you may require. All in all, the reliance term insurance plan is a really affordable yet secure plan that you can opt for if you're looking for a economical life insurance policy to secure your future.

 

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Thursday, 23 May 2019

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