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Reliance Life Insurance Introduces an Online Life Cover Plan of Rs One Crore

Reliance Life Insurance Company has recently come up with Reliance Online Term, an online life cover plan. This is one of the most sought after online life insurance plans presently available in the country,which provides Rs 1 Crore of life cover for as low as Rs 15 per day (for an individual as young as 25 year-old).

The most lucrative point of Reliance Online Term is that it offers maximum life protection up to the age of 75 years through a transparent and convenient online process and allows the customer to choose the facility of getting medical check-ups done at his residence.

Reliance Online Term is simple life protection product that serves two very important purposes: one, it offers an adequate insurance cover that is within an Indian's reach and two, it allows every Indian to buy it because of its minimal costing.

A 25 year old male (non-smoker) would be willfully offered Reliance Online Term's Rs. 1 Crore cover at Rs.450 per month for the term of 15 years. The online life protection plan is available at a minimum yearly premium of Rs 3,500.

The minimum entry age for a customer is 18 years and the maximum is 55 years with a minimum policy term of 10 years and a maximum of 35 years. 75 years is the maximum maturity age. The new policy would then begin with a minimum cover of Rs 25 Lakh and would offer comparatively lower premium rates for women and special rates for non-tobacco users.

The new product allows customers to make a choice that completely fulfills their liabilities and family responsibilities and secure their family's financial future at a bare minimum cost. 

Written By: PolicyBazaar - Updated: 17 September 2021
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