The transition of Value Research Online has been postponed to take care of some user concerns.
You are welcome to try out the new site at

Reliance Special Credit Guardian Plan

Entry Age (years)  
Minimum 21
Maximum 60
Maximum Maturity Age (years) 65
Policy Term (years)  
Minimum 10 for Regular Premium policies and 5 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 in line with decrease in outstanding loan
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.
Tax Benefits Section 80C, 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
Maturity Value The policy refunds basic premiums paid on survival at maturity
Surrender Value Surrender is allowed provided premiums for first three policy years were paid in full and after three years have elapsed from date of commencement of the policy.
Regular Premium Payment: 30%* {basic premiums(excluding ridre premiums or extra premiums apid if any) - first years's premium}.
Single Premium Payment: 30%* Single Premium (excluding rider premiums or extra premiums paid if any)
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) Reliance Accidental Death & Total & Permanent Disablement Rider: covers Death due to an accident, Accidental dismemberment (loss of limbs and/or eye(s), Permanent total disability due to an accident. The Disablement benefit equal to the basic Sum Assured paid in ten equal annual installments.
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: This 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. Policyholder has a choice to increase or decrease Sum Assured under this rider subject to underwriting. Once decreased, increase in Sum Assured will not be allowed.
Rider Conditions  
Entry Age (years)  
Minimum 18
Maximum 59
Maximum Maturity Age (years) 64
Rider Term (years)  
Minimum Critical Illness Benefit Rider: 5
Sum Assured (Rs)  
Minimum Accidental Death & Total & Permanent Disablement: 25000 Critical Illness Rider: 100000
Maximum Lower of Base plan insurance or 50 lakh