Reliance Life launch investment plan among guaranteed return
by Simranjeet SinghADAG group company Reliance Life Insurance on Tuesday launched a
traditional investment plan that provides life protection and regular savings
with yearly guaranteed investment returns.
"The Reliance Life Traditional Investment
Insurance Plan combines life protection and regular savings with full intelligibility
and flexibility features and advance guaranteed returns," Reliance Life
Insurance President Malay Ghosh said in a statement.
He said, it is in row with the company's strategy
to continue a robust portfolio of traditional plans and to offer best-in-class
products to its customers.
The new scheme is a regular premium plan contribution
guaranteed investment returns, which are confirmed at the beginning of every
financial year during the product term, he said, adding up that the
accumulation rate for the 2010-11 financial year is 7.75(%) percent.
He added, the minimum guaranteed growth rate will
not be less than the savings bank deposit interest rate as declared by the
Reserve Bank.
The plan is available to children aged less than
30 days and senior citizens aged up to 70 years, with monthly, quarterly,
half-yearly and yearly payment option available.
Besides the maturity and tax benefits, the plan
also offers a health-related cover, which will pay a lump sum to the customer
for as many as 33 particular surgeries.
Know more about investment plan. Click here
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