Entry Age (years)
Minimum
21
Maximum
60
Maximum Maturity Age (years)
64
Policy Term (years)
Minimum
5
Maximum
15 for Single Premium 30 for Regular Premium
Sum Assured (Rs)
Minimum
250000
Maximum
No limit
Minimum Premium (Rs)
Yearly
1000
Half-Yearly
500
Quarterly
250
Monthly
83
Single
3000
Premium Payment Frequency
Single, Yearly, Half-yearly, Quarterly, Monthly (via ECS only)
Premium Payment Term
Single, Equal to policy tenure
Policy Cover
Cover remains fixed for the tenure of the policy
Other Features
Free Look Cancellation
In case, you are not satisfied, you may choose to cancel the policy within 15 days of receiving the policy documents. Upon such cancellation, you will be paid back the premiums, minus the cost of stamp duty, medical reports and proportionate premium for the period for which the risk was covered.
Grace Period
You are allowed to pay premiums within 30 days for annual, semi-annual and quarterly premium and 15 days for monthly mode from the due date. If a due premium is not received within the grace period, your policy will lapse and the life insurance cover will be terminated.
Lapsed Policy Reinstatement
You can reinstate your lapsed policy any time (within 3 years from the due date of the first unpaid premium) at terms and conditions required by the company.
Tax Benefits
Section 80C and Sec 10(10D) of the Income Tax Act, 1961 would apply.Premiums paid for Reliance Critical Illness Rider may qualify for deduction under Section 80D of the Income Tax Act, 1961.
Exclusions
In case of death by suicide during the first policy year, or within one year from the date of reinstatement, no death benefit is payable. Further, if the Life Assured under the policy, whether medically sane or insane, commits suicide, within one year of exercising the option to increase the Sum Assured, then the amount of increased Sum Assured will not be considered in the calculation of the Death Benefit
Surrender Value
Allowed only if 3 years premiums were paid in full and 3 years have elapsed.Surrender value is 30% of all basic premiums paid in case of Regular premium and 30% of Single premium for single premium policy.
Customer Service
Address
Reliance Life Insurance Company Limited Registered office: H Block, 1st floor, Dhirubhai Ambani Knowledge City, Navi Mumbai, Maharashtra 400710, India
Call On
1800 300 08181 & 3033 8181
SMS
INSURE' to 55454
Available Rider(s)
Reliance Accidental Death & Total and Permanent Disablement Rider: covers Death due to an accident, Accidental dismemberment (loss of limbs and/or eye(s) and Permanent total disability due to an accident.
Inbuilt Waiver of Premium: In case of Total and Permanent Disability, this inbuilt rider waives off all future premiums under the basic policy and riders upto a limit of Rs 40000 p.a.
Reliance Critical illness Rider: covers 10 critical illnesses namely: Cancer, Coronary Artery Bypass Surgery, Heart Attack, Stroke, Kidney Failure, Aorta Surgery, Coma, Heart Valve Replacement, Major Organ Transplant and Paralysis. There is a waiting period of 6 months and survival period of 30 days to claim benefit under this rider.
Rider Conditions
Entry Age (years)
Minimum
18
Maximum
59
Maximum Maturity Age (years)
64
Rider Term (years)
Minimum
5 years for Critical Illness Benefit
Sum Assured (Rs)
Maximum
50 lakh
