Reliance Life Introduces a New Child Plan ‘Reliance Education Plan’

Reliance Life Insurance has unveiled a new plan ‘Reliance Education Plan’. This plan aims to provide financial support for education milestones,and allows parents to secure their child’s future. Reliance Education Plan is a non-linked, non-participating insurance plan that ensures regular payouts in fulfilling the child’s educational goals, while providing an income security to the parents in future.  

Read more
Best Child Saving Plans
  • Insurer pays your premiums in your absence

  • Invest ₹10k/month and your child gets ₹1 Cr tax free*

  • Save upto ₹46,800 in tax under Section 80(C)

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Nothing Is More Important Than Securing Your Child's Future

Invest ₹10k/month your child will get ₹1 Cr Tax Free*

+91
View Plans
Please wait. We Are Processing..
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp

Mr. Manoranjan Sahoo, Chief Agency Officer, Reliance Life Insurance said, “Parents spend a fortune on their child’s education and career planning. We felt the need to help parents in their task. Reliance Education Plan is aimed at systematic savings, securing a child’s career plans, and providing income according to the chosen milestones in the future.”  

The plan provides four maturity payout options as per the child’s educational milestone.

Parents can opt for a lump sum payout on maturity, which can be used as seed capital for their child’s business. Alternatively, the maturity benefit can be availed in two installments when opting for post-graduation. If a child wants to obtain a  professional degree, the benefits can be paid in four installments. And, if you have planned for an integrated course (graduation and post-graduation) for your child, you can take the benefits into five installments.  

The plan is available for 9 to 20-year policy terms, and with premium payment options for 5, 7, and 10 years, or for the entire term. The entry age of the child is 0-18 years and parents between 20-50 years.

Reliance Education plan offers flexibility when it comes to death benefit payouts. The nominees can opt for full lump sum amount payable on death of the policyholder, or 50% upfront, followed by annual income for next 10 years. 

Meanwhile, in case of an eventuality, the plan guarantees to pay maturity benefits, without paying further premium installments. You can select these options at the time of signing up for the policy.

Sahoo further said, “We have designed a flexible plan keeping in viewing the different career paths available today. We believe that the plan will serve its true purpose- protecting the child’s future and financially assisting at critical milestones to achieve their dreams.”      

With the availability of increasing number of career options, parents are often worried if the career path chosen by the kid would help in getting a secured income or not. However, Reliance Education Plan, with its death and maturity benefits, enables parents to feel confident of securing their child’s future post obtaining an education.

Source: This news was published on June 9, 2015 in indiablooms.com under the title: “Reliance Life Insurance launches new Child plan - Reliance Education plan”

 

Child plans articles

Recent Articles
Popular Articles
Which Is The Best Plan For Girl Child?

30 May 2022

Picking the best plan for your daughter may seem like a task but...
Read more
Government Child Education Plan

30 May 2022

India is a country that witnesses a huge school drop-out rate of...
Read more
15 Year Child Education Insurance Plan

30 May 2022

Child life insurance policies are used to build a fund to cover...
Read more
Triple Benefit Child Plan

30 May 2022

These are child plans that offer combined benefits of a life...
Read more
Child Care Plan

30 May 2022

A comprehensive child care plan should be a combination of both...
Read more
Best Child Investment Plans to Invest in 2022
Planning for the child’s secured future is not an easy task. Most of the people try to create a strong financial...
Read more
LIC Policy for Girl Child in India
A child insurance plan is a plan that acts as a blend of investment and savings while also providing the child...
Read more
Prime Minister Schemes For Boy Child
Like the Prime Minister’s Sukanya Samriddhi Yojana savings scheme for a girl child, there are several...
Read more
Best Child Insurance Plans in India
A child insurance plan is a combination of savings and insurance, which help the individuals to plan for the...
Read more
Post Office Child Plans
Individuals can open post office savings account for their children and earn interest at a rate of 4% to nearly...
Read more
top
View Plans
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL