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• Reliance Nippon Life Education Plan and Policy

Reliance Nippon Life Education Plan and Policy

Reliance Nippon Life Education Plan and Policy - When it comes down to your children you only want the best for them, giving your child an education to reach their goals in life is the most important thing for any parent. Reliance Education Plan is one such plan that provides you with a suitable financial plan that doesn’t let you compromise on your child’s future. Reliance Education Plan give you the ability save with certainty, allowing you to choose the payouts that need to be made depending on your child’s future needs. By opting to secure your child’s future with the Reliance Education Plan you can protect your child’s future by a 100% in your absence, and allow them to choose their own destiny without compromising on their development. Choose a specialist plan for your child’s future need, wants and desires.

Key Features - Reliance Nippon Life Education Plan and Policy

1. Loan facility - You can avail for a loan under this plan up to 80% of the surrender value under the base plan. The rate of interest will be charged as per the current rates (10.50% per annum) these rates can change from time to time based of the economic environment.
2. Grace period - If you are unable to make the premium payments for various reasons, then the plan offers you a 30 day grace period (15 days if premium is paid monthly), and will continue to be given till the end of the policy term.
3. Free-look - You are also offered a free-look period of 15 days to would like to check the terms and conditions, if you disagree with the terms and conditions, the company will refund all premiums paid less any charges due to them.
4. Flexible payment modes - The Reliance Education Plan offers you flexible premium payment modes of annually, half yearly, quarterly and monthly. Both the quarterly and monthly payment modes can be made only via electronic modes. Monthly payment mode also requires the first 2 premium payments to make in advance.
5. Revival of policy - You can revive your lapsed or fully paid-up policy and the riders (if any) for its full coverage within two years from the due date of the first unpaid premium but before policy maturity, by paying all outstanding premiums together with the interest, as declared by us from time to time.

Key Benefits - Reliance Nippon Life Education Plan and Policy

Eligibility - Reliance Nippon Life Education Plan and Policy

Riders - Reliance Nippon Life Education Plan and Policy

Take the first step to safeguard your family and your life, against unfortunate events, The following riders with this plan at a nominal cost, this provide you with an additional Death Benefit depending on the Sum Assured selected under the rider The benefit is payable from the date of death till the end of the rider Policy Term or 10 years whichever is later. In the event of death/total and permanent disablement due to accident or sickness, before the maturity of the policy. This rider provides the policyholder an additional death/disability benefit if death/disability occurs directly as a result of an accident.