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    Reliance Life Insurance Unveils Reliance Child Education Plan


    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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