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Reliance Term Plan

Entry Age (years)  
Minimum 21
Maximum 60
Maximum Maturity Age (years) 65
Policy Term (years)  
Minimum 5
Maximum 30
Sum Assured (Rs)  
Minimum 250000
Maximum No limit
Minimum Premium (Rs) 2000 per installment
Premium Payment Frequency Yearly, Half-Yearly, Quarterly
Premium Payment Term Equal to policy term
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 of premium 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 may reinstate your lapsed policy within 3 years from date of first unpaid premium by paying due premiums and undergoing underwriting requirements, if any.
Tax Benefits Section 80C, 10(10D) of the Income Tax Act, 1961 would apply.
Customer Service  
Address Reliance Life Insurance Company Limited Registered office: H Block, 1st floor, Dhirubhai Ambani Knowledge City, Navi Mumbai, Maharashtra 400710, India
Mail To [email protected]
Call On 1800 300 08181 & 3033 8181
SMS INSURE' to 55454
Additions to the Plan  
Available Rider(s) Accidental Death Benefit &Total & Permanent Disablement Rider: covers Death due to accident, Total and Permanent disablement caused directly as a result of an accident. Disablement benefit equal to Sum Assured is paid in 10 equal instalments.
In built Waiver of Premium: Waiver of all future basic premiums and riders upto a limit of Rs 40000 p.a
Rider Conditions  
Entry Age (years)  
Minimum 18
Maximum 59
Maximum Maturity Age (years) 64
Rider Term (years)  
Minimum 5
Maximum Equal to base term
Sum Assured (Rs)  
Minimum 25000
Maximum Lower of Base plan insurance or 50 lakh
Rider Premium (Rs) Accidental Death Benefit and Total & Permanent Disablement rider costs Re 1 per Rs 1000 Sum Assured per annum. Sample this, rider premium for 5 lakh cover will be Rs 500 per annum.