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Reliance Term Plan( First issued on: 2018-07-01 )
Need Analysis – If you are worried and really care about your dependents, this plan is suitable for you. To cover high risk in low premium is the beauty of this product Calculate plan

Reliance Jeevan Shanti Beema Yojana (Reliance Term Life Plan)

High risk coverage at low premium is the beauty of this plan. With the most affordable premium, this plan can provide protection to your loved ones in terms of financial stability in case of eventuality.

This plan supports your family to maintain their existing living standard in the event of your unexpected demise through financial support.

Maturity Benefits: Nil

Death Benefits: On death of the insured during the policy term, beneficiary will receive full Sum Assured (Death Benefits = Sum Assured).

Eligibility Criteria:

Minimum Sum Assured                                 NPR 250,000

Maximum Sum Assured                                No Limit (Based on Income)

Minimum Entry Age                                        16 Years

Maximum Entry Age                                       65 Years

Minimum Policy Term                                      5 Years

Maximum Policy Term                                   25 Years

Maximum Maturity Age                                70 Years

Premium Payment Mode: Annual Basis

 

Optional Benefits

Premium Waiver Benefit (PWB)

Premium Waiver Benefits (PWB):

On Permanent Total Disability of the insured due to accident, the entire future premiums due subsequent to the date of Total Permanent Disability will be waived.

In case of life insurance of minor, on death of the Proposer during the policy term, the future premium due subsequent to the date of death will be waived till child attains an age of 16 years.


Total Permanent Disability (TPD)

Permanent Total Disability (PTD):

On Permanent Total Disability of the insured due to accident, an additional amount equal to Sum Assured or NPR 1 Crore, whichever is less, is payable in monthly installment spread over 120 months. If the remaining term to maturity is less than 120 months, the balance installments is payable in lump sum on maturity or at death, whichever is earlier. This benefit is available only on insured attaining an age of 16 years.

Eligibility Criteria:

Minimum Sum Assured                                 As per Basic Plan of Insurance

Maximum Sum Assured                                As per Basic Plan of Insurance or NPR 1 Crore, whichever is less

Minimum Entry Age                                        16 Years

Maximum Entry Age                                       65 Years

Minimum Policy Term                                    5 Years

Maximum Policy Term                                   54 Years

Maximum Maturity Age                                70 Years

 


Accidental Death Benefit (ADB)

Accidental Death Benefits (ADB):

On death of the insured due to accident, an additional amount equal to Sum Assured or NPR 1 Crore, whichever is less, is payable to the beneficiary. This benefit is available only on insured attaining an age of 16 years.

Eligibility Criteria:

Minimum Sum Assured                                 As per Basic Plan of Insurance

Maximum Sum Assured                                As per Basic Plan of Insurance or NPR 1 Crore, whichever is less

Minimum Entry Age                                        16 Years

Maximum Entry Age                                       65 Years

Minimum Policy Term                                    5 Years

Maximum Policy Term                                   54 Years

Maximum Maturity Age                                70 Years


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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