To protect your family from tomorrow�s uncertainties, you need to plan from today. And Reliance Simple Term Plan helps you do just that. It is a cost-effective, pure life insurance plan that offers you comprehensive and affordable coverage for a limited period of time to suit your needs.

How does this Plan work?
You pay premium of Rs 100 every year for three years. On death, during the three year period, your Beneficiary will get Rs 10,000. On survival, at maturity nothing is payable.

Policy Term

Who can buy this product?

Sum Assured

What happens if I discontinue paying premium?
If the Premiums are not paid within the Grace Period, the Policy will lapse. Grace period is one month but not less than 30 days.

General Exclusion
No claim will be paid on death, if the Life Assured, whether sane or insane, commits suicide within 12 months from the date of issue of this Policy or the date of any reinstatement of this Policy.

15 Day Free Look Period
The Policyholder may cancel this Policy by returning it to the Company within 15 days of receiving it together with a letter requesting it be cancelled. The Company will refund the premium paid by the Policyholder less a deduction:

• of the proportionate premium for the time cover has been provided till cancellation

• of expenses incurred by the Company for medical examination of the Life Assured, Stamp Charges and expenses incurred in that connection.

Prohibition of Rebate: Section 41 of the Insurance Act, 1938 states:
1) No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out or renew or continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on the policy, nor shall any person taking out or renewing or continuing a policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectuses or tables of the insurer.
2) Any person making default in complying with the provisions of this section shall be punishable with a fine which may extend to five hundred rupees.

Reliance Life Insurance is a fully licensed life assurance company registered with Insurance Regulatory & Development Authority (IRDA). Registration No: 121.