Reliance Life Insurance Unveils Reliance Child Education Plan

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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.

Story first published: Saturday, June 13, 2015, 12:39 [IST]
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