Reliance Life Insurance Company has announced the launch of a new traditional product Reliance Smart Cash Plus Plan.
This plan offers the triple benefits of enhanced protection, periodic liquidity and long-term savings.
Smart Cash Plus Plan is designed to provide multiple benefits — long-term security and savings and periodic cash flow — to customers looking for a simple insurance product with guaranteed returns at regular intervals. Its unique proposition is that it offers guaranteed money-back benefit that increases with every payout and helps policyholders take care of their increasing needs at every life-stage,” Anup Rau, Chief Executive Officer, Reliance Life Insurance, said in a statement.
Reliance Smart Cash Plus Plan is a regular premium non-linked scheme that offers a perfect mix of long-term protection and savings along with the benefit of guaranteed lumpsum payment every three years (starting from the end of the fourth policy year).
This traditional plan is available for customers in the age group 14-55 years with a minimum sum assured of Rs 1,00,000 and the policyholder can opt for policy terms of 10, 13, 16, 19 or 22 years.