Reliance Life Insurance launches traditional money back plan – “Guaranteed Money Back Plan”
How does Reliance Life’s Guaranteed Money Back Plan work?
The Life Insured would receive 15% of the Sum Assured at the end of every year in the last 4 policy years before maturity and then the remaining 40% along with accrued Bonuses would be paid as Maturity Benefit on policy maturity.If the Life Insured dies within the policy tenure, then the nominee would receive the full Sum Assured irrespective of how much has already been paid out before and the Bonus will be calculated on the full Sum Assured.
Money Back benefit
1- Term Life Insurance Benefit Rider
2- New Critical Condition (25) Rider
3- New Major Surgical Benefit Rider
4- Life Insurance Family Income Benefit Rider