Reliance Life Insurance has launched a new Unit Linked Insurance Plan that addresses the long-term wealth creation and protection needs of customers. The key highlight of 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 Regulatory and Development Authority came out with its revised guidelines on ULIPs a few months ago. “Our new unit-linked plan fulfills the diverse needs of customers across different segments while addressing their need for long-term wealth creation and increased life protection,” said the Reliance Life Insurance Executive Director, Malay Ghosh.