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Reliance Life Insurance, part of Reliance Capital, has launched an endowment insurance plan by the name 'Reliance Fixed Savings'.
Reliance Fixed Savings is a non-linked, non-participating and non-variable endowment insurance plan that helps a policyholder create a corpus for securing future goals through systematic savings over a period of time.
The new insurance plan offers guaranteed benefits, including fixed regular additions that accrue every year.
The plan also offers an additional lumpsum of maturity along with a life cover to protect the family of the insured, said a release issued by RLI.
"Reliance Fixed Savings has been designed to prpvide risk-averse customers the core value of long term savings and protection", the release quoted Anup Rau, CEO, RLI as saying.
"The uniqueness of the plan lies in fixed regular additions that will be rewarded to policyholders throughout the policy tenure in addition to the life cover".
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