Reliance Online Term plan is a non-participating pure term plan which can be bought online through the company’s website. The plan promises high coverage at very cheap rates for your family’s protection.
|
Minimum |
Maximum |
Entry Age (Last Birthday) |
18 years |
55 years |
Maturity Age (Last Birthday) |
289 years |
75 years |
Policy Term (PT) in years |
10 |
35 |
Premium Paying Term (PPT) in years |
Equal to policy term |
|
Premium Paying Frequency |
Annual |
|
Yearly Premium |
3500 |
No limit |
Sum Assured |
25,00,000 |
No limit |
Annual premium in Rupees for a 35 year male with a coverage of 1 crore
Policy Term |
15 |
20 |
25 |
30 |
35 |
Premium (Rs.) |
7680 |
8415 |
8961 |
9278 |
9540 |
Premium rates are lower for non-smokers and people with healthy lifestyles if the chosen SA is 50 Lakhs or more
If suicide is committed within 12 months of policy commencement, only 80% of the premium paid is returned to the nominee
The policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and the required KYC documents. A medical examination may be required in some cases, based on the sum assured and the age of the person.
You may also like to read: Reliance Life Term Insurance Plans
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