Reliance Life Insurance Company (RLIC), part of Reliance Capital Ltd, on Tuesday 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 childs education and securing their future. The plan helps parents save for childs career milestones and provide them with the security of future income.
ULIPs cannot be advertised as investment product: IRDAI
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