Reliance Life launches new traditional product

Private life insurer Reliance Life Insurance today launched a new traditional product 'Reliance Smart Cash Plus Plan'.

The new plan is a regular premium non-linked scheme that offers a mix of long-term protection and savings along with the benefit of guaranteed lump sum payment every three years, a company release said.

"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," Chief Executive Officer of Reliance Life Insurance, Anup Rau said.

The company also said the new plan offers guaranteed money back benefit that increases with every pay-out and helps policyholders take care of their increasing needs at every life-stage.

Reliance Life Insurance, which is a part of Reliance Capital, had a business premium that included renewal premium of over Rs 4,015 crore in FY13.

EDITORIAL OF THE DAY

  • Legalising betting on cricket will raise tax collections for cash-strapped government

    Last month, Justice RM Lodha committee on cricket reforms made several groundbreaking recommendations to the Supreme Court.

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Arun Nigavekar

Tablets, memory cards for educatioNext

The Commonwealth he­ads of government mee­ting held in Malta last ...

Rajgopal Nidamboor

Try to awaken the archaeologist within

Our mind is far ahead of René Descartes’ famous maxim, ...

Dharmendra Khandal

Urbanisation is costing us our wildlife

The road transport and highways minister Nitin Gadkari aims to ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture