mumbai private insurer reliance life insurance company rlic launched online term an online life cover plan at an affordable premium online term is a simple life protection product that is based on adequate cover and people should be able to buy it with ease our new offering empowers customers to make an informed choice visavis their liabilities and protect their familys financial future at a minimal cost with this we aim to provide the most affordable online term life insurance plan rlic ceo anup rau said in a release issued here this plan offers rs 1 crore of life cover for as low as rs 15 per day for a 25 yearold healthy male the online term also offers higher life protection up to the age of 75 years through a transparent and hasslefree online process and provides the convenience of medical checkups if any at the customers residence the online life protection plan comes with a minimum annual premium as low as rs 3500 reliance online term begins with a minimum cover of rs 25 lakh and provides relatively lower premium rates for women and special rates for nontobacco users the insured will also be entitled to get tax benefits on premium payment as applicable