Free insurance cover for RelComm subscribers

MUMBAI: Reliance Communications Limited has announced the launch of a scheme that offers 'Free Group Term Life Cover' (TLC) to more than 25 million CDMA subscribers of Reliance Mobile and Reliance Hello.

This, first of its kind scheme in the country, offers Reliance Communications' customers an insurance cover of up to Rs 50,000 merely through an SMS without paying any premium.

"The Free Group Term Life cover is a step in line with the constant endeavour of Reliance Communications to enhance the value offering to our many million customers", said SP Shukla, president - Personal Business, RCL. "With Reliance Group serving over 50 million consumers in the country, this is the first step in our quest to extend the benefits of the synergy among the group companies to our customers," he added.

This Group Term Life Cover is underwritten by Reliance Life Insurance Company Limited, an associate company of Reliance Capital Limited. The minimum cover is Rs 5,000 for the prepaid and Rs 10,000 for the post-paid CDMA subscribers.

However, the maximum cover is Rs 50,000 for both types of subscribers. The cover is valid for a period of six months from the date a subscriber responds to the company by SMS, provided the Master Policy is in

force.  The cover offered is calculated on the basis of previous six months cumulative recharges for the prepaid subscribers and cumulative bills for the post- paid subscribers.

Subscribers have to just send an SMS from their handsets to 5433 mentioning their city and the Free Group Term Life Cover will be activated on the very same day. They would receive a reply SMS requesting them to visit the COI microsite to download their certificate of insurance. 

All current, prepaid and postpaid  CDMA subscribers of Reliance Mobile or Reliance Hello between the age of 18 and 59 years are eligible under this scheme. In case of any unfortunate eventuality, the subscriber's nominee will have to get in touch with Reliance Life Insurance Company to file the claim. However, the claim would be entertained only one month (30 days waiting period) after the cover activation by SMS.

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