This is one such insurance plan from reliance life insurance that has been planned to offer inclusive life insurance cover at a very reasonable price for a specific time period. This is one such plan that helps the insured to stay ahead of all uncertainties. In this policy all the premium that has been paid by the insured are returned by the insurance company after its maturity.
Some of the important features and benefits of this very insurance policy are as follows:
- In this policy the insured would be getting higher insurance cover and that too at very reasonable cost.
- In this policy the basic premiums that has been paid to keep the policy in force is repaid bask to the insured after its maturity.
- The insured is also presented with the choice of making any single or regular premium.
- Female policy holders are eligible of getting discounts on the rate of premiums.
- The insured can also add provision on to their existing policy after making an extra premium payment. The riders that are available under this policy are critical illness rider and accidental death rider.
There are certain exclusions under which the insured would not be allowed to get any insurance benefit. Some of the exclusions of this policy are as follows:
- The insured cannot make any claim if he or she tries to cause hurt to them intentionally.
- If the insured participates in any illegal or criminal act then they are not allowed to make a policy claim.
- If the insured is under the control of alcohol or drugs, then they are also not allowed to make any claim in this policy.
- People who are helping the police or armed forces then they too are excluded from this policy.
Loss of life incurred due to war or any acts of terrorism are also excluded from this policy.
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Tags: insurance plan, Reliance Life Insurance, Reliance special Term Plan