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Chandigarh, Nov 21: Reliance Life Insurance, a fast-growing life insurance player in the country, on Wednesday announced the launch of Reliance Secure Child plan. P Nandagopal, CEO Reliance Life Insurance, announced the launch.
One of the unique propositions of the plan is that in the event of total and permanent disability of the child due to an accident, it offers the benefit of fixed income at a rate of 10% of the sum insured per annum under the policy payable to the child throughout his or her life.
"The Reliance Secure Child Plan aims to offer an innovative product with unique and fun-filled benefits to children while securing their future. This is in line with our strategy to offer best-in-class products to our customers," said P Nandagopal while launching the product.
The plan also offers an inbuilt waiver of premium benefit in the event of death of the insured proposer
(parent) that protects the future of the child by paying all future premiums so that the plan remains in full force. Another novel offering is the playground program - an online community that addresses the educational and recreational needs of the child through fun-filled quizzes, puzzle, games, online jokes, contests and kid zone and offers redeemable e-points for his achievements.
The company also handed over a cheque of Rs 5 lakh to Akanksha Foundation - a non-profitable organization that educates less privileged children from Mumbai's slum areas and provides them with vocational opportunities.
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