Reliance Fixed Savings is the new endowment insurance plan launched by Reliance Life Insurance, part of Reliance Capital. It would help the policyholder by creating a corpus as it is a non-linked, non-participating and non-variable endowment plan. Through systematic saving a person’s future goals can be secured under the same.
Under this plan, the policyholder would receive guaranteed benefits and accumulation of fixed regular addition every year. A released issue by RLI informed that in addition to the life cover for protection of family, lumpsum will be offered on maturity.
Anup Rau, RLI CEO said that Reliance Fixed Saving the new endowment plan would provide long term saving and protection to the risk-averse customers.