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

Reliance Group Term Assurance Plus offers your group members the benefit of unmatched life cover at affordable premiums against these unforeseen emergencies that may drastically change their family’s lifestyle in their absence. While nothing can compensate loss of a valuable group member, this product can provide you with the satisfaction of having taken care of the members and their families.

  • 1

    Get easy protection for your members

  • 2

    Get adequate protection at competitive rates

  • 3

    Experience a flexible & simplified enrollment process

  • 4

    Assure your members hassle free, speedy claim settlement

  • 5

    Avail tax benefits as per applicable tax laws


Disclaimer
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale UIN for Reliance Group Term Assurance Plus - 121N104V01
 
  • Flexibility for both formal and informal groups: 
      • Flexible protection options with optional rider benefits
      • Option to increase the coverage amount
      • Flexibility to convert the group coverage into an individual coverage 
 
  • Competitive Premium Rates with a comprehensive coverage 
 
  • Easy Administration: 
    • Simplified process to ensure easy insurability
    • Ease of managing new joinees and exiting members during a policy year
    • Hassle free claim settlement process 
    • Tax Benefits:
    • Premiums paid by the Master Policyholder are eligible for deduction as approved business expense
    • Premiums paid by the group members are eligible for tax deduction
Disclaimer
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale UIN for Reliance Group Term Assurance Plus - 121N104V01
Types of groups covered:
This plan will be available to both formal (employer-employee) and informal (non-employer-employee) homogeneous groups.

Informal homogeneous groups shall mean:
 
• Any associations, where the members represent a particular profession / trade / domestic workers /Anganwadi workers;
• Government agencies;
• Any Co-operative Society;
• Parents of school / college students as members;
• Any other groups as may be approved by the Authority.
 
How to avail life insurance cover for your group:
To avail coverage under this plan, the group administrator will share following details with RLIC:
 
• Member details in the prescribed format with benefit details
• Duly filled Application Form along with due documents required
• Payment of the provisional premium as per the life coverage opted at inception of the policy
• The policy term will be 12 months for the Master Policy and shall be renewable on Annual Renewal Date
• On death of any insured group member during the policy term, the Sum Assured will be payable to the nominee / legal heir of that member
 
Members joining and leaving the group during the policy term:
Group administrator shall share records with RLIC, on monthly basis or as per the agreed frequency, of new members joining the group or old members leaving the group.
 
How to claim:
• The Master Policyholder will have to contact the assigned relationship officer or the customer service officer with documents as required
• The master policy document elaborately explains the claim process to be followed


Disclaimer
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale UIN for Reliance Group Term Assurance Plus - 121N104V01
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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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