Reliance Child Education Plan

Reliance Life Insurance Company launched a new child insurance plan - Reliance Education Plan. This Plan is a non-linked, non-participating, specialist child insurance plan that provides assured payouts for financing a child's education and securing their future. This plan helps parents save for child's career milestones and provide them with the security of future income.

• Guaranteed achievement of your child’s future dream: Receive guaranteed benefits at maturity of the policy, even in your absence 

• Choose your benefit Payout Option
1. Self Starter: A single lump sum for your child’s ambition
2. Post Graduation Degree: 2 annual payouts for your child’s post-graduation
3. Professional Degree: 4 annual payouts for your child’s professional degree
4. Career Starter: 5 annual payouts to fund your child’s higher education and provide a career launch pad

• Protect your child’s future even in your absence
1. Choose between two Death Benefit options:
• Option I - 100% of Death Benefit as an immediate lump sum on death
• Option II - 50% of Death Benefit as a lump sum on death and remaining as an income for next 10 years
2. On death, all future premiums are waived and the plan benefits continue
3. Enhance your protection coverage through riders at a minimal cost

      

• This plan is available for policy term between 9 to 20 years and with payment options for 5 years, 7 years, 10 years or for the entire term.

• Liquidity: Avail loan facility to meet unforeseen needs 

• Tax benefits: Avail tax benefits, as per the applicable income tax laws

For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.

Website: - http://www.reliancelife.com/life-insurance-plans/child-plans/reliance-education-plan