Life Insurance


The idea of purchasing a life insurance policy is based on the fact that human life is full of uncertainties and the life of a person itself is very uncertain. The various schemes of life insurance provide an assurance that if such an event happens, the person or his dependents would get financial assistance to bear the loss. Life Insurance stabilizes the economic security of the dependents in the event of untimely demise of bread earning member of a family. Various plans of life insurance provide below mentioned benefits to the insured life.

  • Death Benefit: Loss of Life- Both Natural & Accidental. Death-claim amount is given to nominee in case of demise of life assured.
  • Maturity Benefits: Benefits provided to Life Assured/ Nominee at the end of policy term.
  • Survival Benefits: Benefits provided to Life Assured at the end of policy term.
  • Cash Back: Cash benefits given to customer when a built in milestone is touched during the policy tenure.
  • Loyalty Bonus: Additional benefit offered to the customer for keeping the policy in force throughout the full term of contract.
  • Riders: Riders are available of most policies at a minimal extra cost and could be associated with a life insurance. Riders are available to cover various additional requirements of life assured.
  • Fund Options: Different investment fund options available with different products to suit the need of Life Assured.

Life Insurance Plans Available Online

Reliance Life Insurance Super Endowment Plan

Reliance’s Super Endowment Plan has been designed to ensure that you can save for your future along with the benefit of life insurance cover and provide protection to your family.

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  • All transactions will be in Indian Currency (INR) only.
  • As per IRDA regulations, A person has to be present in India while applying for Life Insurance.


Reliance Life Guaranteed Money Back Plan

Reliance’s Guaranteed Money Back Plan not only helps you save for the future but also protects your savings in case of any unforeseen eventuality. All future insurance premiums are waived and your family continues to fulfill their dreams, even in your absence.

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  • All transactions will be in Indian Currency (INR) only.
  • As per IRDA regulations, A person has to be present in India while applying for Life Insurance.

Reliance Increasing Income Insurance Plan

Get monthly income which increases every year to keep pace with your growing needs. Guaranteed.

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  • All transactions will be in Indian Currency (INR) only.
  • As per IRDA regulations, A person has to be present in India while applying for Life Insurance.

Categories of Life Insurance Plans Available

Protection Plans

The plans of insurance that provides only death cover for a specific term are called term assurance. Customer can select the term for which you would like the coverage; up to 35 years. Payments are fixed and do not increase during entire term. In case of an untimely death, dependants of life assured receive the benefit amount specified in the policy. Term insurance can be customized with the additional riders, such as waiver of premium or accidental death benefit.

Savings and Investment Plans

Insurance Plans that provides survival benefits are called endowment plan. In this plan the life insurance company promises to pay the life insured a specific amount (sum insured) if he survives the term of the plan. If the insured dies during the tenure of the plan then the family is entitled to Death Benefit as per the policy.

Retirement Plans

Annuities are the same as pensions. These plans are designed for the fact that every person is going to retire at some time and the greatest risk after retirement is the lack of income, or a reduced earning capacity. To take care of this, different insurance companies have devised different plans providing annuity. A contract providing for regular periodic payments during a specified period is an annuity contract. It is designed to generate regular income for senior citizens when they retire. The pension can be had monthly, quarterly, half yearly or yearly.

Unit linked Plan

These are market linked life insurance products that provide a combination of life cover and wealth creation options. This is a very attractive and equally useful scheme. It provides flexibility of choosing from a variety of fund options depending upon the customers risk appetite. Under the ULIP, the holders can decide whether to invest in equity shares, or debt and company deposits, or only in government schemes, or in money market operations.

Child Plans

These are market linked life insurance products that provide a combination of life cover and wealth creation options. This is a very attractive and equally useful scheme. It provides flexibility of choosing from a variety of fund options depending upon the customers risk appetite. Under the ULIP, the holders can decide whether to invest in equity shares, or debt and company deposits, or only in government schemes, or in money market operations.

Disclaimers:

Doha Bank, Ground Floor, Sakhar Bhavan, Nariman Point, Mumbai 400 021 is a corporate agent (Registration No : CA0228) of Reliance Nippon Life Insurance company Ltd (IRDAI Registration No.121), part of Reliance Capital of the Reliance Anil Dhirubhai Ambani Group. Insurance is underwritten by Reliance Nippon Life Insurance Company Ltd. Customer participation in the policy is entirely voluntary.

The products, services and benefits referred to herein are subject to terms and conditions governing them as specified by Reliance Nippon Life Insurance Company Ltd from time to time. Doha Bank is acting merely as a corporate agent of Reliance Nippon Life Insurance Company Ltd. Participation by Doha Bank’s is on a purely voluntary basis and there is no direct or indirect linkage between the provision of the banking services offered by Doha Bank to its customers and insurance company products/ services. Doha Bank shall not be liable or responsible for any loss resulting from insurance company’s products/ services. Doha Bank will not have any privity of contract at all with the Insured and all rights and obligations shall be between the Reliance Nippon Life Insurance Company Ltd. and the Insured only.

Reliance Nippon Life Insurance Company Ltd – Reliance Centre, 5th Floor, Off Western Express highway, Santacruz East, Mumbai – 400055  (Maharashtra). Policy Holder may be entitled to certain applicable tax benefits on premiums and policy benefits. Please note all the tax benefits are subject to tax laws prevailing at the time of payment of premium or receipt of benefits. Tax benefits are subject to changes in tax laws. Insurance is the subject matter of solicitation. For more details on the rider and the various terms and conditions, please refer to the rider brochure(s) available at www.reliancenipponlife.com. For further details, call Toll free number – 1800 300 08181.

As Doha Bank is not in the business of insurance, there is no link either direct or indirect between the banking services offered by the bank to its customers and use of the insurance products.

For more details on risk factors, terms and conditions, the customers are advised to refer to detailed sales brochure of the insurance products before concluding sale.

Beware of spurious phone calls and fictitious/fraudulent offers. IRDAI clarifies to public that  IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums. IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.

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