Reliance Child Plan

Recommendations :No

Name of the policy :
Reliance Child Plan

A brief desciption :

Coming from Reliance Life Insurance, Reliance Child Plan is an attractive money back child plan that provides guaranteed cash backs at periodic intervals and also insures the life of parent for the benefit of child. However as far as the periodic cash backs are concerned, investors can probably earn better returns by periodically investing in bank fixed deposits for a five-year time period. Moreover a simple term insurance plan would cost half the price and would provide a larger cover

Started date :22/2/2002
Type of policy :Insurance cum investment
Category :Traditional- Endowment Money Back Child Plan
Insurance :Min- 25,000 Max- No Limit
Returns expected :Less than Fixed Deposit
Entry age :20-60 Years
Surrender :Guaranteed Surrender Value = 30% of basic premiums paid - 1st year's premium and additional premium paid (if any)

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