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Reliance Credit Guardian Plan

Entry Age (years)  
Minimum 21
Maximum 55 for Regular premium policies and 60 for Single Premium policies
Maximum Maturity Age (years) 64
Policy Term (years)  
Minimum 10 fr Regular Premium policies and 3 for Single Premium policies
Maximum 30 for Regular Premium policies and 15 for Single Premium policies
Sum Assured (Rs)  
Minimum 250000
Maximum No limit
Minimum Premium (Rs)  
Yearly 1000
Single 3000
Premium Payment Frequency Single, Yearly, Half-yearly, Quarterly and Monthly (via ECS)
Premium Payment Term Single, Limited, equal to policy term
Policy Cover Policy Cover keeps decreasing as the loan is repaid
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 for Yearly/ Half-yearly/Quarterly premium payment and 15 days from premium due date in case of Monthly premium payment. 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.
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
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