A new unit-linked insurance plan launched by Reliance Life Insurance (RLI) will offer investors dual benefits of protection and market linked returns.
The minimum policy term under the plan is 15 years and the maximum is 30 years. The plan comes with four protection riders, which can be added at marginal cost.
The private insurer, part of Reliance Capital, has mopped up around Rs 4,000 crore premium till January (2011-12). Of this, nearly Rs 2,700 crore is renewal premium and balance is new business premium (NBP).
Reliance Life Insurance Launches Dual Benefit Policy to Woo Investors
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