 Broadly insurance can be classified in two categories: First - Life Insurance which matures in event of death of the insured/policyholder. On occurrence of such an event the insurance company pays a sum of money assured to the nominee/beneficiary (person nominated by the policyholder). Life Insurances are of two types: Traditional Plans - which contain Endowment Plan , Cash Back Plan, Term Plan , (Term Life Insurance) and Whole life policy. And Unit-linked Insurance Plans - are of 4 types - Endowment cum Ulips, Children Plan , Retirement Plan or Pension plan and investment/saving plans. Second - General insurance. All insurance policies other than life insurance policies come under general insurance segmentation. (Also known as non-life insurance policies). These policies include Home Insurance, Auto Insurance, Travel Insurance, Marine Insurance, Theft Insurance, Office insurance and Health insurance Health insurance is most acquired policy in general insurance segment. Health insurances are of 3 types - Comprehensive Plan - which include Mediclaim and Fixed benefits plan, Accidental Insurance and Critical Care plan . |
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Various Products offered by Reliance Life Insurance
Savings & Investment Products1. Reliance Life Insurance Money Multiplier Plan :It is a non linked non participating endowment plan. This plan not only provides protection to your family in your absence, but also creates wealth for the ever growing financial support required.2. Reliance Life Insurance Highest NAV Advantage Plan :This plan offers you, the opportunity to invest in "Highest NAV Advantage Fund" series.3. Reliance Life Insurance Classic Plan :It helps you plan your finances wisely, cover the risk arising due to loss of life and assumes all the flexibilities required in a financial product.4. Reliance Life Insurance Traditional Golden Years Plan :This plan gives you the power and the right kind of solution.5. Reliance Whole Life Plan :Is a whole life policy where in case of death of the policy holder his family members are secured.6. Reliance Cash Flow :Is an insurance plan which gives you money back at periodic intervals.7. Reliance Endowment Plan :A regular endowment plan where on maturity you get the sum assured amount as well as bonuses.8. Reliance Connect 2 Life Plan :Is a plan which gives you protection and savings, with maturity and death benefits.9. Reliance Super Five Plus :You get a desired lump sum after a specified period. However, your life insurance protection continues for an extended period.10. Reliance Life Super Endowment Plan :A non linked non participating endowment plan. This Plan has been designed to ensure that you can save for your future along with the benefit of life cover and provide protection to your family.Protection Products1. Reliance Life Insurance e-Term :Reliance Life Insurance eTerm Plan, a traditional non participating life insurance plan that offers you comprehensive and affordable coverage to suit your needs.2. Reliance Term Plan :A Life Insurance Policy with a specific term period to make payments for premiums and you get an insurance cover for the term.3. Reliance Simple Term Plan :Is a regular term plan4. Reliance Special Term Plan :Is a term plan which gives life insurance cover at affordable rates.5. Reliance Credit Guardian Plan:Is a Term Plan which protects your family form the burden of paying your liabilities like loans or outstanding on credit cards incase of death of the policyholder.6. Reliance Special Credit Guardian Plan:Is same like the above plan only that in this plan you get an added benefit is on survival of the policyholder on maturity, he gets all the premiums back.Retirement Products1. Reliance Life Traditional Golden Year Plan :This plan gives you the power and the right kind of solution - A retirement plan that allows you to save systematically and generate the much-needed corpus to make your Old age years look Golden.Child Plan
1. Reliance Child Plan :Is a plan which helps you save for your child’s future needs.Group Plans -Employers Liability Solutions
1. Reliance Traditional Group Gratuity Plan.Employee Protection Solutions
1. Reliance Jan Samriddhi Plan2. Reliance Group credit Shield Plan3. Reliance Group Term Assurance Plan4. Reliance Group Term Life in Lieu of EDLI
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Latest Updates - 17 May 2013 |
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