Life Insurance Products


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Product Information
Group Plans Reliance Nippon Life Group Term Assurance Plan EDLI
Synopsis:
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  • Savings in premium to the employer as contribution to RPFC is the function of salary, whereas taking an insurance cover with Reliance Life would depend upon the age and the risk profile of the industry.
  • Claim settlement is quicker and not linked to the account balance/li>
  • One year renewable contract
  • Benefits payable on death due to natural or accidental causes
  • On maturity, the contract can be renewed at mutually agreeable terms and conditions

Benefits:

    Benefits to the employer and employee
  • Savings in premium to the employer as contribution to RPFC is the function of salary, whereas takings an insurance cover with Reliance Life would depend upon the age and the risk profile of the industry.
  • Claim settlement is quicker and not linked to the Account balance.
  • Alternatively, for the same premium amount payable to RPFC, an employer can take an enhanced cover varying between Rs. 62,000 - Rs. 1,50,000.
  • Features & Benefits
  • One year renewable contract
  • Benefit is payable on death due to natural or accidental causes
  • No survival benefits are payable at the end of the contract
  • One maturity of the contracts, it can be renewed at mutuality agreeable terms and conditions.