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Reliance Life Insurance Company Limited is a part of Reliance Capital Ltd. of the Reliance - Anil Dhirubhai Ambani Group. Reliance Capital is one of India´s leading private sector financial services companies, and ranks among the top 3 private sector financial services and banking companies, in terms of net worth. Reliance Capital has interests in asset management and mutual funds, stock broking, life and general insurance, proprietary investments, private equity and other activities in financial services.
Reliance Capital Limited (RCL) is a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India under section 45-IA of the Reserve Bank of India Act, 1934.
Reliance Capital sees immense potential in the rapidly growing financial services sector in India and aims to become a dominant player in this industry and offer fully integrated financial services.
Reliance Life Insurance is another step forward for Reliance Capital Limited to offer need based Life Insurance solutions to individuals and Corporates.
Reliance Life Insurance Company providing insurance for following Stages: -
Individual Plan
Reliance Automatic Investment Plans
Key benefits of Reliance Automatic Investment Plan are as follows:
• A smart plan, which adapts to your changing risk profile with increasing age
• Option to lower the average cost of units through systematic transfer of your funds
• Flexibility to switch between funds and plans
• Options for additional Insurance cover available through riders.
Key Features Reliance Automatic Investment Plan
• Two plan options to choose from Ready-made and Tailor-made
• Life Stage asset allocation to ensure automatic change in investment patterns, under the Ready-made Plan option
• Freedom to decide your own fund mix based on your risk profile under the Tailor-made Plan
• Regular, limited, single premium paying options
• Unmatched flexibility through our ‘Exchange Option’
• Liquidity in the form of partial withdrawal
• Option to avail of Accidental Death Benefit, Accidental Total, Premium Disability and Term Insurance riders
Ques: How does this Plan work?
Ans: As a customer you will have the liberty to choose between the Ready-made and Tailor-made Plan options. The premium contributions made by you, net of Premium Allocation Charges and Sum Assured Related Charges are invested in fund/funds of your choice and units are allocated depending on the price of units for the fund / funds.
The Fund Value is the total value of units that you hold in the fund / funds. The Mortality Charges and Policy Administration Charges are deducted through cancellation of units, whereas the Fund Management Charge is priced in the Unit Value.
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