Rel Life launches highest NAV advantage ULIP plan
The key highlight Reliance Life Insurance Highest NAV Advantage Plan is that it offers guarantee on maturity with the highest net asset value (NAV) per unit achieved during the entire 15 years policy term, Reliance Life Insurance said in a statement.
This is the first ULIP scheme launched by Reliance Life after the insurance regulator Insurance Regulatory and Development Authority came out with its revised guidelines on ULIPs a few months ago.
"Our new unit-linked plan fulfils the diverse needs of customers across different segments while addressing their need for long-term wealth-creation and increased life protection," said Reliance Life Insurance Executive Director Malay Ghosh.
The plan pays the beneficiary double the sum assured plus total fund value in the event of accidental death for the base cover portion, he said,
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