Recently, Reliance Life Insurance launched a unit-linked insurance plan - Classic ULIP Plan. The policy provides policyholders the benefits of regular savings with enhanced protection and market-linked returns.
Classic ULIP Plan would provide protection to policyholders in the age group of 7-65 years. An online news portal about business and economy - economictimes.indiatimes.com, quotes a statement of Reliance Life about Classic Ulip plan, “The unique proposition of Reliance Life Insurance Classic Plan is that it offers flexibility and triple benefit of savings, insurance and investment - all in one single plan.”
The news portal quotes a statement of Malay Ghosh who is Executive Director and President in Reliance Life, “The new Ulip offers multiple benefits and protection - from helping policyholders plan their finances wisely at different stages of life, to providing risk cover on loss of life.”
Further he added, “The flexibility offered to policyholders by the company allows liquidity through partial withdrawals after fifth policy anniversary, loan after the completion of second policy year and top-up option to increase regular savings.”
In the analysis, the news portal writes, “Under the Regular Option, the customers would have to pay Rs 20,000 annually -- which can also be paid in monthly, quarterly and half yearly options.
For the Single Premium option, customers will have to pay a minimum of Rs 50,000 only once at the inception during the 15-year policy tenure.”
So, the Classic Ulip plan of Reliance Life gives a flexibility of payment. There is an option of single premium also in this plan. Reliance Life Classic ULIP Plan comes with triple benefit of savings, insurance and investment - all in one single plan.
Classic Ulip plan of Reliance Life covers risk of life also and helping policyholders plan their finances wisely at different stages of life. It is another best investment plan after SIP Investments via NSE-MFSS Platform of UTI.
Classic ULIP Plan would provide protection to policyholders in the age group of 7-65 years. An online news portal about business and economy - economictimes.indiatimes.com, quotes a statement of Reliance Life about Classic Ulip plan, “The unique proposition of Reliance Life Insurance Classic Plan is that it offers flexibility and triple benefit of savings, insurance and investment - all in one single plan.”
The news portal quotes a statement of Malay Ghosh who is Executive Director and President in Reliance Life, “The new Ulip offers multiple benefits and protection - from helping policyholders plan their finances wisely at different stages of life, to providing risk cover on loss of life.”
Further he added, “The flexibility offered to policyholders by the company allows liquidity through partial withdrawals after fifth policy anniversary, loan after the completion of second policy year and top-up option to increase regular savings.”
In the analysis, the news portal writes, “Under the Regular Option, the customers would have to pay Rs 20,000 annually -- which can also be paid in monthly, quarterly and half yearly options.
For the Single Premium option, customers will have to pay a minimum of Rs 50,000 only once at the inception during the 15-year policy tenure.”
So, the Classic Ulip plan of Reliance Life gives a flexibility of payment. There is an option of single premium also in this plan. Reliance Life Classic ULIP Plan comes with triple benefit of savings, insurance and investment - all in one single plan.
Classic Ulip plan of Reliance Life covers risk of life also and helping policyholders plan their finances wisely at different stages of life. It is another best investment plan after SIP Investments via NSE-MFSS Platform of UTI.
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