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Reliance Life - Online term plan

About The Plan

Reliance Online Term is an ideal insurance plan for today's generation. It provides you with a large cover at an affordable cost, along with the convenience of completely buying it online with just a few clicks. With Reliance Online Term, you can get 1  crore life cover for just Rs. 15 per day. What’s more, even your medical tests can happen at your own home.

Online term life insurance is one of the simplest term life insurance plans in India providing a large coverage for a fixed period. Online term insurance is a cost-effective way to avail substantial death benefit to secure your family’s future financial needs.

Key Features

Discount in premiums for non-smoker opted for high sum assured.

Simplified medical examination process.

Entry age 18-55 years.

Maturity age up to 75 years.

Flexibility to choose Policy Term from 10/15/20/25/30 & 35.

Min. sum assured Rs 25 lacs, max. No Limit (subject to underwriting).

Tax benefit u/s 80C & 10(10D) of the Income Tax Act, 1961.

Eligibility Criteria

  • Minimum sum assured is 25 lakhs & maximum sum assured is No Limit (subject to underwriting)
  • Minimum entry age is 18 years & maximum entry age is 55 years
  • Minimum policy term is 10 years & maximum policy term is 35 years
  • Premium payment mode is Yearly
  • Maturity benefits are Nil
  • Grace period is 30 Days
  • Yes, under Section 80C & 10(10D) of the Income Tax Act, 1961