Reliance Insurance launches 17 ULIPs

Reliance Life Insurance has launched 17 new unit-linked plans to cater to individuals of all age groups.

"These new products are in line with our strategy to enhance our product portfolio and  target customers who are conversant with the capital market and are looking at better alternatives amongst market linked products," Reliance Life Insurance President Malay Ghosh told reporters here yesterday.

The ULIPs are available in two versions- one basic plan with 15 years plus terms and another with a period of 10 years which covers children education, pension, savings and investment and protection, he said.

"With these launches, we now have a range of unique traditional products that provide insurance solution to customers in the premium range from Rs 500-10,000," he said.