Reliance Life Insurance Company Limited.

Reliance Life Insurance Company (RLIC) is an associate company of Reliance Capital Ltd., a part of Reliance - Anil Dhirubhai Ambani Group. The company offers protection plans, savings and investment plans, retirement plans and child plans.

Having sold 1.7 million policies, the insurance company ranks among top three companies in India in terms of net worth.

The Insurance Regulatory & Development Authority of India (IRDA) estimates show that RLIC's market share in new business premium is about 4.1 per cent in the financial year 2007-08. it has over 740 branches in India.

RLIC also deals in asset management and mutual funds, stock broking, general insurance, proprietary investments, and private equity.

 

8 Insurance product available
Whole Life Insurance
  • Provides financial cover against death through out the life time of the insured
  • Estate tool for legal heirs
  • Sum assured paid on death of the insured or on if the insured survives a pre-determined age
  • Policy holder not entitled to any payout during the tenure of the policy
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Endowment Insurance
  • Protection tool with savings option
  • Sum assured plus bonus accrued paid in the event of death of the insured or at maturity
  • With-profits plan that participates in the profits of insurer's life insurance business
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    ULIP Insurance
  • Protection tool with an investment option attached
  • Policy holder can choose from funds such as equity, debt, bonds, or a combination
  • Insurers offer partial withdrawals options
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    Children Plan
    • Tool to plan for children's needs in the future - education, wedding etc.
    • Tool to ensure children's future plans are not compromised in the event of parent/guardian's death
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    Health Insurance
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    Money Back Insurance
    • Provides life insurance covers for specified periods
    • Policy holder receives tax-free, fixed proportions of the sum assured at regular intervals or an option to re-invest
    • Policy holder receives lump sum payment on surviving maturity date
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    Term Insurance
    • Pure risk cover plan with no survival benefit
    • Protection tool against the uncertainties of life
    • Cheapest life insurance product
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    Pension
    • Provides for stable income in post-work life
    • Helps policy holder to remain financially independent post-retirement
    • Tool for systematic retirement planning
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