Reliance Super Five Plus Plan

Recommendations :No

Name of the policy :
Reliance Super five Plus Plan

A brief desciption :

Reliance Super Five Plus Plan is a traditional endowment plan where premium is for a period of 5 years less than the Policy Term, but the life cover continues for the entire Policy Term, even beyond the Premium Paying Term ends. However such benefits are backed by extra charges and eventually with high premiums providing returns way below a simple FD and an insurance cover way below a simple term plan which makes this plan unaffordable and worthless.

Type of policy :Insurance cum investment
Category :Traditional- Endowment Plan
Insurance :Min- 25,000 Max- No Limit
Returns expected :Less than Fixed Deposit
Entry age :12-65 Years
Surrender :Guaranteed Surrender Value = 30% of all premiums paid - 1st year's premium

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