Reliance Life Insurance Unveils Reliance Child Education Plan

Posted By:

Reliance Life Insurance Company (RLIC) have recently launched new product called Reliance Education Plan to cater child's education needs.

This plan is a non-linked, non-participating, specialist child insurance plan that provides assured payouts for financing a child's education and securing their future.

Reliance Life Insurance Unveils Reliance Child Education Plan

The plan helps parents save for their child's career milestones and also provide a child with the security of future income.

Features of the Policy

Guaranteed achievement of your child's future dream: Receive guaranteed benefits at maturity of the policy, even in your absence

Choose your benefit Payout Option

  • Self Starter: A single lump sum for your child's ambition
  • Post Graduation Degree: 2 installments for child's post-graduation
  • Professional Degree: 4 installments for child's professional degree
  • Career Starter: 5 installments if they have planned for an integrated course like a graduation and post-graduation

Protect your child's future even in your absence

Choose between two Death Benefit options:

  • Option I - 100% of Death Benefit as an immediate lump sum on death
  • Option II - 50% of Death Benefit as a lump sum on death and remaining as an income for next 10 years.
  • The plan is available for policy term between 9 to 20 years and with payment options for 5 years, 7 years, 10 years or for the entire term.

Individuals can avail loan facility to meet unforeseen needs. Also avail tax benefits, as per the applicable income tax laws.

Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?