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We are all aware of how important it is to secure our lives in order to safeguard your family in future, if we pass away. Especially for sole earners of the family. If they pass away, then there will be no one to protect their family financially. This is exactly what insurance plans do. They offer coverage and provide monetary protection to your family when you are no longer present to provide for them. Similarly, you can now purchase insurance policies for your child specifically and secure his or her future, thus ensuring your child’s future is financially-sound. You can search and compare child insurance plans online. Only then choose what is suitable for you and your child’s requirements.
Reliance Life has a wide range of plans that are stitched together perfectly to fit your child’s needs. With over 700 branches and more than 65,000 advisor’s, this company is not only efficient in its services but also extremely trustworthy. It has a claim settlement ratio of 95.17% as of March 31,2018.
Reliance Nippon Life Child Plans are one of a kind. They provide security towards your child’s future. It gives you the leverage to save up methodically for your child’s future, while allowing you to enjoy each moment with your child to the fullest. It is every parent’s prayer, that their child receives everything he or she wishes for and is safeguarded at every stage of life. With reliance Life Child Plans you can be stress-free and assured that your child is safely secured financially. Your child will receive guaranteed benefits at every important crossroad of his life.
Benefits of Reliance Nippon Life Insurance Plans:
Reliance Life offers two child plans that are unique and effective. Protect your child’s future by purchasing child plans from Reliance Nippon Life to receive maximum advantages.
How the plan works?
Mayur is 35 years of age and he purchases a Reliance Nippon Child Plan for premium of Rs. 30,000. The sum assured is Rs.405,405. The guaranteed periodic benefit he will receive before maturity is Rs. 304,682. Whereas, the guaranteed benefit received after maturity is Rs. 101,554. Benefits payable @ 4% or 8%, that he willreceive is Rs. 97,297 or Rs. 194,594 respectively.
How plan works?
Rajesh is 30 years old. He purchases a Reliance Nippon Life Educational Policy with the term of policy of 18 years and a premium payment for 7 years. Sum assured is Rs. 2,49,270. Yearly premium is Rs. 35,000.If he chooses death benefit as option II and payout option as career starter, and if he dies say during the 5th year of the policy, then the death benefit becomes Rs. 4,28,744. Lump sum of 50% of the death benefit and the remaining 50% as an annual income for the coming ten years.
You can apply online by visiting the company’s official website.
Offline: You can also apply for Reliance Life Child Plans by visiting the nearest company branch. You can fill up the concerned forms and submit all the required documents.
Why should I buy Reliance Life Child Plans?
For safeguarding your kids future at every important stage, even when you pass away, you must purchase a Reliance Life Child Plan.
What if I discontinue my plan?
In this case, you can surrender your plan and receive a surrender value. You will also receive any amount of bonuses accumulated.
Why you should opt for reliance life child plans?
Reliance Life Child Plans help you save for your child’s future and always be able to provide to your child’s requirements. It offers financial coverage even in your absence. It is completely safe and reliable.
How to pay premium? Modes of payment available?
There are four modes of payment available- online, IVR, suvidha centre or bill desk. You can also pay online through credit card, debit card and online net banking facility. You can also avail ECS for renewed premium payments.
How can i check policy status for reliance life child plans?
Register on e-portal and create your login id with a password. Select the policy details option to get your policy number details.
What is the renewal process for reliance life child plans?
You can renew your Reliance Life Child Plans through Electronic Clearance System (ECS) and online. For online renewal process, login to your account, select the payment mode and click on the renewal tab. This payment can be done through cheque, cash or net banking. For ECS facility, fill the required form and submit all the necessary documents. The bank will process the same in 30 days once they receive it.
What is the company’s process to settle claims of Reliance Life Child Plans?
Reliance Life Child Plans is very effective and trustworthy. The company has a 12-day claim settlement policy. Fill in the claim form and submit it along with all the required documents to your nearest branch office. After the documents have been received and verified, the cheque will be sent to the closet branch within three working days. After verifying identity proof, you can collect the cheque.
What are the types of plans offered by Reliance Nippon Insurance company?
Reliance Nippon LifeInsurance company offers a wide range of plans like protection plans, savings and investment plans, Retirement plans, Unit linked plans, child plans, health plans and group plans.
What is the policy cancellation process for life child plans?
The policy cancellation process for life child plans requires you to fill a surrender form and submit it along with all the necessary documents to the nearest branch. The policy is considered cancelled once all documents are verified.
Can I get a loan against my policy?
Yes, you can get a loan against a Reliance Life Education Plan. This facility is provided to you in case of any emergencies and if you need money urgently.