How To Cancel Reliance Endowment Plan Life Insurance | Cancel Reliance Endowment Plan | Reliance Endowment Plan Surrender Value

How To Cancel Reliance Endowment Plan Life Insurance | Cancel Reliance Endowment Plan | Reliance Endowment Plan Surrender Value

Reliance Endowment Plan is a endowment life insurance plan. Reliance Endowment Plan is good enough & provide guaranteed return on maturity on immediately after the death on customer.

Unlike all other insurance policy, this is the most secure insurance plan. You can even get bank loan submitting the policy paper of Reliance Endowment Plan. Though it is not wise decision, but customer may want to cancel this Reliance Endowment Plan Policy or wish to discontinue Reliance Endowment Plan premium payment. Reliance Endowment Plan provide good surrender value against the policy.

How To Cancel Reliance Endowment Plan Policy:

  • Contact Reliance Life customer care on 3033 8181 OR Toll Free Number 1800 300 08181
  • Inform the Reliance Life customer care representative regarding your Reliance Endowment Plan surrender
  • Reliance Life customer care representative will guide you the rest procedure

Reliance Endowment Plan Surrender Value:

  • During the first three years Reliance Endowment Plan has zero Surrender Value
  • After 3 years, minimum Surrender Value is  30% of the Total Premiums Paid
  • The cash Surrender Value of any vested bonuses will also be paid

Return On Discontinue Of Reliance Endowment Plan Premium Payment:

  • During the first three years Reliance Endowment Plan, discontinue in premium will lapse the policy
  • After 3 years, Policy will be converted in to a ‘Paid-up’ for a reduced Sum Assured
  • Customer will receive the ‘Paid-up’ Sum Assured plus bonuses on the maturity date of the Policy or on death

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