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Reliance Endowment Assurance Plan
Need Analysis – more of a saving plan with protection element.

This plan is suitable for those people who want to save regularly for future and want to have a saving for their retirement. This plan provides financial support to the family in case of the eventualities. After maturity of the plan the insured receives sum assured and bonus. Whether you are a shopkeeper or a salaried individual this plan is suitable to those who want achieve financial goals for their retirement. 

Features

  • Suitable for those who want to save for the future.
  • Affordable Premium

Benefits

  • Maturity Benefits: Insured gets Sum Assured + Bonus
  • Death Benefit: Beneficiary gets Sum Assured + Bonus
  • 5 optional benefits available under this plan.

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)