Save Your Money Using Only Reliance Life Insurance Plans

Reliance as a brand has been very successful, right from being an internet provider to venturing in food, clothing etc. That’s how it comes across as one of the most influential brands in India. Reliance is run by brothers Anil Dhirubhai Ambani and Mukesh Dhirubhai Ambani. Both have ventured in different ranges and verticals of product. Say for instance, Reliance industries takes care of Reliance retail, Reliance petroleum, Jio etc.

One of the most prominent products sold by Reliance is a Life Insurance policy. Off late we have seen rise in inflation, due to which the cost of other products have increased. However Reliance Life insurance offers the best life insurance plans, which will not only provide you coverage but also help you save a lot.

Let’s look into some of its money saving plans.

  • Saving and Investment plans

Few of its best plans are listed below:

  1. Reliance Nippon Life’s Guaranteed Money back plan
  • It has 3 guaranteed benefits: Guaranteed money back during last 5 years of the policy, guaranteed loyalty addition up to 40% of the sum assured and guaranteed maturity addition up to 20% of the sum assured at the maturity of the policy.
  • One has the flexibility to choose the term of policy for either 15 or 20 years and offers life cover 10 times the annualized premium.
  • You get a tax benefit under Section 80C and 10(10D) under the Income Tax Act
  1. Reliance Nippon Life Fixed Saving
  • It offers fixed and regular addition of 8% in the first year, 9% in the second year and 10% in the 3rd policy year.
  • Offers death benefit to the nominee in case of death of the life assured and guaranteed sum assured on maturity.
  • You get a tax benefit under Section 80C and 10(10D) of the Income Tax Act.
  1. Reliance Nippon Life Endowment Plan
  • In this plan you get the lump sum of the sum assured on maturity subject to 100 % of the premium is paid.
  • It offers flexibility to make policy premiums either 10 to 25 years.
  • You get a tax benefit under Section 80C and 10(10D) of the Income Tax Act. 
  • Protection Plans

The best plans are listed below

  1. Reliance Nippon Life Term Plan
  • It offers wide range of coverage at affordable prices and comprehensive coverage for your loved ones when you not there.
  • It offers protection to your family against unforeseen events
  • It offers tax benefits under Section 80C and 10(10D) under the Income Tax Act.
  1. Reliance Nippon Life Online Term Plan
  • With the wide range of life cover which is available at affordable prices, it also offers medical examinations need for the issuance of policy at your home.
  • It offers great rewards for leading a healthy lifestyle by charging lower premiums
  • It also offers tax benefit under Section 80C and 10(10D) of the Income Tax Act. 
  1. Reliance Nippon Life Online Income Protect
  • This specific plan offers double protection at cheaper rate and lump sum amount to take care of your liabilities.
  • It has a hassle-free and simple application process and does offer protection to your family in case of any miss-happening.
  • It provides you with a tax benefit under Section 80C and 10(10D) under the Income Tax Act. 
  • Unit Linked Insurance Plans ( ULIP)

This type of insurance offers both investment and insurance. Below are few of its best plans in the ULIP

  1. Reliance Nippon Life Premier Wealth Insurance Plan
  • It offers various investment options and self-managed options to control your investments directly.
  • It offers wealth boosters from the end of the eight policy year
  • This plan also provides tax benefit under Section 80C and 10(10D) of the Income Tax Act.
  1. Reliance Nippon Life Classic Plan II
  • You can choose five different investment funds as per your need
  • You can select your premium mode and enhance your policies through top ups
  • You are ought to get a tax benefit under Section 80C and 10(10D) of the Income Tax Act.
  1. Reliance Nippon Life Smart Savings Insurance Plan
  • It Offers 10 times of the annual in case of death of the policy holder
  • You can opt for partial withdrawals in case of emergency after 5 years
  • You also get a tax benefit under Section 80C and 10(10D) of the Income Tax Act

About Reliance Life Insurance Company                                                                          

Reliance life (now Reliance Nippon Life insurance Company) is one of the largest life insurance companies we have today with a market share of 5%. It is an IRDA (Insurance Regulatory and development authority of India) approved company. Anil Dhirubai Ambani is the chairperson of this company. Reliance is also amongst the non-bank supported life insurers who have over 10 million policy holders. It has one of the strongest networks of over 700 branches with 75000 advisors as on March 31st 2017. It has the best claim settlement ratio which stands at 95.21% as on 31st March 2017.

Reliance life is also rated amongst the top 4th by the most trusted life insurance brand that is by “Trusted brands survey”. The company’s vision is to provide financial independence to every life. They venture into five different segments like Protection, Child, Retirement, Saving and Investment. It a part of Reliance Capital which is one of the India’s leading financial companies. It looks after the asset management, mutual funds, and stock broking, private equity with other financial services.

Key Features of Reliance Life Insurance

  • Tax Benefit

Providing tax benefit is the most basic feature of Reliance Life Insurance. The premiums paid are exempted under Section 80C of the Income Tax Act.

  • Provides peace of mind

It gives you a peace of mind when you know that your family is secured when you aren’t around.

  • Financial Security

Reliance Life Insurance provides a financial security in case of death of the policy holder. The amount will be paid to the beneficiary / nominee of the policy.

  • Provides you with a life cover

The policy holder is always covered at a risk and hence the insurance companies offer plans which provides life cover.

Therefore using Reliance Life Insurance will not only prove beneficial for self but also for your loved ones.

  Protection plans

  • Coverages available at affordable rates
  • Protects your family against unforeseen events and offers comprehensive

Coverage to your loved ones in your absence.

  • It also offers you a tax benefit under section 80C and 10(10D) under the Income Tax Act, when premiums are paid on regular basis.