KOCHI: Reliance Life Insurance Company (RLIC), part of Reliance Capital Limited, launched a new child insurance plan - ‘Reliance Education Plan’.
Reliance Education Plan is a non-linked, non-participating, specialist child insurance plan that provides assured payouts for financing a child’s education and securing their future. The plan helps parents save for child’s career milestones and provide them with the security of future income.
Manoranjan Sahoo, chief agency officer, Reliance Life Insurance, said that a large part of household’s saving and expenditure goes towards education and career planning of a child. We felt a need for a product that would help a child in planning their future and also provide at different career milestones of their life. Reliance Education Plan is designed to help systematically save and secure a child’s career plans.