Reliance Endowment Assurance Cum Whole Life Plan_{( First issued on: 2017-10-17 )}

Need Analysis – suitable if you are more concerned towards protecting your family. Saving component is also there.

This plan is suitable for people who want to save regularly for future, pay for limited period and get lifetime coverage. It helps individuals attain a coverage for their lifetime with a limited amount of regular payments. Unlike other plans this plan covers the policy holder until his/her demise. Also we all know there is not calculator to evaluate the life of any human being. This plan helps the family members attain their financial goals even if the bread winner is not around.

Features

Regular saving for your future and helping you attain your financial goals.
Financial support to your loved ones in case of eventuality.
Coverage available for up to 59 years.
The beneficiary will benefit in case of demise of insured even after maturity.

Benefits

At Maturity Benefits: Insured gets Sum Assured + Bonus
After Maturity Benefits: Insured gets Sum Assured if he/she lives till the age of 100 years.
Death Benefit: Beneficiary gets Sum Assured + Bonus
5 optional benefits available under this plan.

First Date of Issuance: 1st Mangshir 2074.

Optional Benefits

Premium Waiver Benefit (PWB)

If insured is permanantly disabled due to accident, the payable premiums for the remaining terms from the date of the incident will be waived.

Monthly Income Benefit (MIB)

This benefit is applicable for child insurance only (Age 11-14 years). In case of death of owner, the child will get monthly benefit of 1% of Sum Assured till child becomes 16 years.

Total Permanent Disability (TPD)

If insured is permanently disabled due to accident, he/she will be paid sum assured in 120 monthly installments. The TPD coverage is equal to the Sum Assured or Rs.30 lakhs, whichever is lower.

Accidental Death Benefit (ADB)

In case of accidental death, beneficiary will be paid additional amount equal to sum assurred. The ADB Coverage is equal to the Sum Assured or Rs. 30 Lakhs whichever is lower.

7,11 and 18 Critical Illness Coverage

Critical Illness Benefit (CI): 7-11-18 Critical illness optional benefit can be taken by the insured. Under this facility a lump sum of up to Rs.50 Lakhs will be provided to the insured in case any one of the illness is medically verified. (Not applicable under the child plan)

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