Ranjit, aged 35, is an IT professional who lives with his wife, Ashmita, who is a homemaker and a lovely 3 year old daughter, Anushka.
Ranjit's family recently moved into their own house. They are delighted that their long cherished dream has finally become a reality. However, Ranjit has to pay a considerable home loan EMI and is worried about the repayment of such a large loan in case of an eventuality, given that his wife and young daughter are financially dependent on him. Also, he is concerned about how will the financial needs of his family be taken care of, in case he is not around.
He shares his concerns with his friend, Amit, who suggests that he should take a life cover policy. Ranjit does an online search and opts for Reliance eTerm Plan. He enrolls for the life cover in three easy steps:
Step 1: He selects the Plan Option, Policy Term and Insurance Cover (Sum Assured) and gets a quote
Step 2: He fills up his personal and health details in a simple online application form
Step 3: He makes the premium payment online and uploads the required documents
A medical test gets conducted at the time and place of his convenience. Based on his application, his policy gets issued with the applied life cover.
Ranjit is now relieved as he has adequately secured himself against any unforeseen events.
3 years later:
Ranjit meets with an unfortunate accident and passes away. It takes his wife, Ashmita, some time to come to terms with the reality that Ranjit is no longer around and she alone has to take care of their daughter, Anushka. Ashmita approaches the nearest branch of Reliance Life Insurance with Ranjit's Policy Document.
The branch's customer care executive helps her in completing the necessary claim forms, gives her the acknowledgement immediately and forwards the documents to the claims department.
Ashmita is worried about how she will provide for her family's needs and Anushka's education expenses. However, within a few days the claim amount cheque of Ranjit's eTerm Policy is delivered to Ashmita at her home.
She is overwhelmed with relief. While her emotional gap can never be filled, she can now provide for Anushka's education and marriage, as planned with Ranjit.