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  • 5 Reasons
    To Buy
  • Benefits
  • How this
    Plan Works
 
  • 1

    Cover for most types of loans

  • 2

    Protect your members’ families from the burden of loan repayment

  • 3

    Focus on the business and not on the business loan

  • 4

    Create bundled offerings that can be easily understood

  • 5

    Ensure easy loan repayment in case of death of the member


Disclaimer
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. UIN for Reliance Group Credit Assure Plus: 121N115V01
 
  • Comprehensive Coverage           
    • Covers employer-employee and borrowers from lending institutions
    • Covers a wide range of loans
 
  • Maximum Insurability
    • Single Life Cover: Life cover for the principle borrower up to the outstanding loan amount
    • Co-borrower Cover: Proportionate life cover for one co-borrower along with the primary borrower of the loan
    • Joint-Life Cover: An equal life cover for one co-borrower along with the primary borrower
 
  • Competitive premiums rates with comprehensive coverage
 
  • Flexibility
    • Level cover during moratorium period, with inclusive or exclusive of the interest payments
    • Opt cover for a limited period which can be lower than the loan tenor
    • Opt for a cover amount which can be lower than the outstanding loan liability
    • Choose single pay or limited pay based on your need
Disclaimer
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. UIN for Reliance Group Credit Assure Plus: 121N115V01
 
  • Types of loan covered: You can get cover against Home Loan, Personal loan, Vehicle Loan (Personal & Commercial), Tractor loan, Consumer Finance Loans, Educational loans, Loan Against Property, Construction Equipments Loan, SME working capital loan, Warehouse financing loans, Business Loans (working capital), KCC loans and  Loans against security.
 
  • Types of lending institutions covered: We cover regulated entities like Scheduled Commercial Banks, Co-operative Banks, NBFCs, HFCs, etc and non regulated entities like MFIs, Employer-employee groups etc.
 
Example
  • ABC Bank ltd covers their loan account borrowers with Reliance Group Credit Assure Plus
  • Keshav, a 35 year old salaried professional, and his wife together avail a home loan of Rs. 50 lakh for a term of 20 years. They choose the Joint Life Cover option for a Sum Assured of Rs. 50 lakh each with a Policy Term of 20 years by paying a Single Premium amount.
  • Unfortunately, Keshav dies during the 10th Policy Year and the Death Benefit amount paid is equal to the applicable Sum Assured (outstanding loan amount), based on the original Cover Schedule stated at inception of the Member contract, as at the end of the policy month immediately preceding the date of his death
  • The Death Benefit amount is utilized to foreclose the outstanding loan
  • Upon payment of the Death Benefit, the member contract ceases immediately for the surviving member ie. his wife


Disclaimer
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. UIN for Reliance Group Credit Assure Plus: 121N115V01
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I / we unconditionally agree to share mine / our Personal Information with the Reliance Group for the purpose of facilitating one view of all my transactions with the various Reliance Group Companies. However, in return I /we expect the Reliance Group of companies to keep mine / our personal information secure and confidential. I / We further understand that I / we may be offered various products and services by various Reliance Group Companies and for this purposes mine / ours’ personal information would be shared amongst the group companies in a secure and confidential manner.
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Review
  • Shivrana Jinsiwal

    Patna

    “I am sure about the benefits that I will get after maturity...“

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  • Shailesh Arya

    Mumbai

    “Kudos to the team for the excellent work....“

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  • Vanita Damodar Vangera

    Karnataka

    “Payment is easy and quick. You get all the details on phone....“

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