Have you ever heard about Reliance Life Insurance? The word “Reliance” means the state of needing someone or something for help, support, etc. It can also refer to someone or something that is being relied on. This company began under the supervision of Shri. Dhirubhai H. Ambani. Those who have worked with him and under him have a lot to say about his way of leadership and natural genius. Many would refer to him as the corporate visionary, the unmatched strategist, the proud patriot, the leader of men, the architect of India’s capital markets, and the champion of shareholder interest. He was considered as one of India’s greatest wealth creator. It was from scratch that he built India’s largest private sector.
It was in 1977 when the Reliance Textile Industries Limited went public for the first time. The Indian stock market was then a place patronized by a small club of elite investors. Ambani managed to convince a large number of first time retail investors to participate in the Reliance Insurance. He promised them – in exchange for their trust – substantial return on their investments.
Now let us talk more about Reliance Life Insurance Company or RLIC for short. Did you know that this company is amongst TOP 5 when it came to individual WRP (weight received premium) and new business WRP. The company is known as by far the largest non-bank supported private life insurer that has over 10 million policy holders. It has been rated as the TOP 2 most trusted private life insurance service brands by Brand Equity-Nielsen Most Trusted Brands Survey in the year 2014. The company’s vision is this: “To be a company people are proud of, trust in, and grow with; providing financial independence to every life we touch.”
With that in mind, let us go and check out their life insurance products. Do you really need life insurance? The great thing about having a life insurance is that it is able to provide you with the right kind of security that you need or your family needs in case of your unfortunate absence or untimely death. If you contribute a lot to the family, you being gone can create a severe financial distress. Life insurance will give you a peace of mind, knowing that your family will be okay and can support themselves if ever something happens to you.
With Reliance, you have six life insurance plans to choose from. Let us discuss them. The first one is the PROTECTION PLANS. From the name itself, this one is more focused on protection. Under this you have three online term plan to choose from which are:
- Reliance Term Plan: This is like a tailor-made, comprehensive, yet affordable coverage that will be helping you secure the financial future of your family.
- Reliance Online Term: This is a type of online life insurance that will give you a large life insurance offer at affordable premiums in just a few clicks. It is very easy to purchase this and even the needed medical tests can happen at your convenience.
- Reliance Online Income Protect: This will be the one to take care of your family if you aren’t around.
SAVINGS AND INVESTMENT PLANS is the second one. With this, you will be able to set aside some money to help achieve some specific goals that you need. For the third one, we have the RETIREMENT PLANS. With this one, the worry will be gone. You will be able to continue the lifestyle you were living as even when you have already retired. Reliance Retirement Plans will help save your money. You will continue to get income after retirement, thus making you independent still. The fourth one is the UNIT LINKED PLANS (UILP) these are investment cum protection that can offer you dual benefits of availing market linked returns on your investments along with a life insurance cover.
The second to the last one is the HEALTH PLANS. You will be able to protect yourself and your family from unexpected financial burdens that arise with health ailments and accidents. And finally, we have the SOLUTIONS FOR GROUP. This one is for employers and employees. With the help of this, employers will be able to choose a win win type of solution for yourself, your employees, and for your company.
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