Reliance Life Insurance A Reliance Capital Company
PREMIUM QUOTATION - RELIANCE CONNECT 2 LIFE PLAN
Insurance is the subject
matter of solicitation. Reliance Life Insurance Company Limited is a fully licensed
life insurance company registered with the Insurance Regulatory and
Development Authority (Registration No: 121) in accordance with the
provisions of the Insurance Act 1938.
Disclaimers:
1. The premium amount shown
above is calculated assuming that the life Proposed/Assured is a
normal healthy person.
2. In the event the Life Proposed/Assured
is suffering from any sickness/ medical problems or in the event
of any past medical history, the premium will be adjusted accordingly,
as per the underwriting guidelines of Reliance Life Insurance Company
Limited.
3. This premium quotation is
indicative. The premium rate charged to the customers may be different
depending upon the factors such as health, occupation of the customer
and other intrinsic factors such as non submission of documentary
evidences like age proof.
4. For authoritative details
of the rates and the terms and conditions applicable to the particular
person/policy, kindly refer to the specifications in the policy document
after issuance.
5. The current rate of service
tax along with education cess is 1.545%. The service tax rate will
be revised as and when notified by the Government.
6. Rider premium charges, (if
applicable) have not been taken into account in calculating the premium.
7. The Life Insurance Council
under the Insurance Regulatory and Development Authority has specified
illustrative gross returns on investment of 6% p.a. & and 10%
p.a. as the lower and higher limits to be used in all Benefit Illustrations.
8. There will be a modal loading
on premium if the payment of premium is not through Electronic Clearing
Service (ECS) or Salary Deduction Scheme (SDS).
9. For more details on risk
factor, terms and conditions, please read Sales brochure of the particular
plan carefully before concluding a sale.
10. The policy acquires Surrender Value
after three years full premiums are paid. There is a guaranteed minimum surrender
value equal to 30% of all the premiums paid (excluding extra premiums, rider
premiums and first year premium). Subject to the guaranteed minimum surrender value,
the company may however pay a special surrender value calculated according to the basis
and method in use from time to time.
The policy acquires a paid up value after three years full premiums are paid.
Please refer to sales brochure for more details.