Reliance Life Insurance Company (RLIC) has over 1 Crore policyholders with a countrywide network of over 900 branches with over 1 lakh agents. Reliance Life Insurance, part of Reliance Capital of the Reliance ADAG, India's leading private sector financial services companies, and ranks among India’s top private sector financial services and non-banking companies, in terms of net worth.
RLIC offers various insurance plans under various categories such as—Term plans, Saving and Investment plans, Retirement plans, Child plans, Health plans and Group plans.
Term plans
Reliance term plan and online term plans are the offerings in this category. The latter is offered entirely online. Since this a pure term cover, the premiums go toward the cost of covering the risk and no returns are available during the term. If the death of the insured occurs during the term period, the sum assured is paid to his dependents.
Saving & Investment plans
RLIC offers several products under the Saving and Investment plans. These are Super Money Back, Guaranteed Money Back plans, Reliance Bluechip Savings Insurance Plan, Reliance Money Multiplier Plan, Reliance Bluechip Savings Insurance Plan, Reliance Money Multiplier Plan, Reliance Super Endowment plans.
You can set aside funds to achieve life’s goals with Reliance Savings & Investment Plans. The plans allow periodic withdrawals while insuring your life.
Most of these plans are based on a person’s risk appetite and life stage. Money back plans incorporate a payout option at regular intervals other than the insurance cover. Endowment plans ensure there is a lump sum assured plus maturity benefits at the end of the term.
Retirement plans
Reliance has Immediate Annuity plan and Smart Pension Plan under this category. Under these plans by saving regularly, the insured can opt for regular annuity payments or a lump sum at vesting or a mix of both.
Unit-Linked Insurance Plans (ULIPs)
Reliance offers the Classic II ULIP and Reliance Pay Five plans under the option. The insured gets a choice of funds based on his risk appetite to grow his investment and has the option to switch. The key benefits of ULIP is that being linked to the stock market, it offers a better rate of return in the long run and may be a good instrument to beat inflation.
Reliance Child Plan
The Reliance Child Plan helps you save systematically so that you can secure your child's future needs. Be it higher education, admission to a good school/university or any other requirement, you will always be there for your child when he or she needs you.
With guaranteed periodic benefits, guaranteed sum assured plus vested bonuses and non-negative capital addition, this makes it an ideal plan to fulfill the dreams of a child.
Health Plans
Reliance Life Insurance Health Plans let you protect yourself and your family from unexpected financial burdens due to illness and accidents. Reliance comprehensive health plans offer you the benefit of lump sum cash, irrespective of the expenses you incur during hospitalization.
Under its health plans Reliance offers Reliance Care for you Advantage plan an Easy Care Fixed benefit plan under this category.
Group plans
Reliance Life Insurance offers unique group insurance and savings plans as its 'Solutions for Groups'. Not only it covers employees of an organization covered for life, it also provides them with a sustainable post-retirement period with its gratuity and pension plans.
Reliance has Employer Liability Solutions, Employee Protection Solutions and Group Saving solutions.
These are the various plans under Reliance Life Insurance that offer a comprehensive range of coverage options for different stages of life.
RLIC offers various insurance plans under various categories such as—Term plans, Saving and Investment plans, Retirement plans, Child plans, Health plans and Group plans.
Term plans
Reliance term plan and online term plans are the offerings in this category. The latter is offered entirely online. Since this a pure term cover, the premiums go toward the cost of covering the risk and no returns are available during the term. If the death of the insured occurs during the term period, the sum assured is paid to his dependents.
Saving & Investment plans
RLIC offers several products under the Saving and Investment plans. These are Super Money Back, Guaranteed Money Back plans, Reliance Bluechip Savings Insurance Plan, Reliance Money Multiplier Plan, Reliance Bluechip Savings Insurance Plan, Reliance Money Multiplier Plan, Reliance Super Endowment plans.
You can set aside funds to achieve life’s goals with Reliance Savings & Investment Plans. The plans allow periodic withdrawals while insuring your life.
Most of these plans are based on a person’s risk appetite and life stage. Money back plans incorporate a payout option at regular intervals other than the insurance cover. Endowment plans ensure there is a lump sum assured plus maturity benefits at the end of the term.
Retirement plans
Reliance has Immediate Annuity plan and Smart Pension Plan under this category. Under these plans by saving regularly, the insured can opt for regular annuity payments or a lump sum at vesting or a mix of both.
Unit-Linked Insurance Plans (ULIPs)
Reliance offers the Classic II ULIP and Reliance Pay Five plans under the option. The insured gets a choice of funds based on his risk appetite to grow his investment and has the option to switch. The key benefits of ULIP is that being linked to the stock market, it offers a better rate of return in the long run and may be a good instrument to beat inflation.
Reliance Child Plan
The Reliance Child Plan helps you save systematically so that you can secure your child's future needs. Be it higher education, admission to a good school/university or any other requirement, you will always be there for your child when he or she needs you.
With guaranteed periodic benefits, guaranteed sum assured plus vested bonuses and non-negative capital addition, this makes it an ideal plan to fulfill the dreams of a child.
Health Plans
Reliance Life Insurance Health Plans let you protect yourself and your family from unexpected financial burdens due to illness and accidents. Reliance comprehensive health plans offer you the benefit of lump sum cash, irrespective of the expenses you incur during hospitalization.
Under its health plans Reliance offers Reliance Care for you Advantage plan an Easy Care Fixed benefit plan under this category.
Group plans
Reliance Life Insurance offers unique group insurance and savings plans as its 'Solutions for Groups'. Not only it covers employees of an organization covered for life, it also provides them with a sustainable post-retirement period with its gratuity and pension plans.
Reliance has Employer Liability Solutions, Employee Protection Solutions and Group Saving solutions.
These are the various plans under Reliance Life Insurance that offer a comprehensive range of coverage options for different stages of life.