Reliance Guaranteed Money Back Plan

Recommendations :No

Name of the policy :
Reliance guaranteed Money Back Plan

A brief desciption :

Reliance guaranteed Money Back Plan is a attractive and popular money back plan providing cash backs at periodic intervals. Apart from the periodic cash backs, this policy also ensures a guaranteed payout to the policyholder on maturity or death of the insured. 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. To ensure an appropriate life cover for the dependants, invest in a suitable term-plan instead.

Type of policy :Insurance cum investment
Category :Traditional- Endowment Money Back Plan
Insurance :Min- 50,000 Max- No limit
Returns expected :Less than Fixed Deposit
Entry age :18-60 Years
Surrender :Guaranteed Surrender Value = 30% of all premiums paid - 1st year's premium

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