Reliance Life Insurance has begun its new year with the launch of two new products - Reliance Jan Samriddhi Plan (RJSP) and Reliance Traditional Super Investassure Plan (RTSIP). Jan Samriddhi is a low-cost saving-cum-life protection plan for the rural population. It comes with a monthly premium of as low as Rs. 50. Along with maturity benefits, it provides guaranteed returns and an accidental cover. RJSP is available to a group with minimum 5,000 members, at a minimum annual premium of Rs. 5,000. "We plan to target Rs. 100 crore premium from Jan Samriddhi this fiscal itself and will be forging partnerships with NGOs, cooperative societies and banks to reach out to the targeted population," said Malay Ghosh, President of Reliance Life Insurance Company. Super Investassure is a regular premium plan that combines the safety and guarantee of traditional products with the transparency of unit-linked products. The selling point of the plan is it provides minimum guaranteed returns that are declared in advance for the year. The minimum guaranteed return for the year 2010 is 7.5 per cent. The guaranteed return can go up to 250 per cent, in addition to earnings growth. RTSIP too has an annual premium as low as Rs. 5,000. "The product allows flexibility of top-up payments incremental to the premium under the base plan and liquidity through loan facility and partial withdrawal," said Ghosh about this plan. Reliance Life Insurance is positive that it will collect Rs. 500 crore in premium from this plan this year. The company, which has 5.5 million policyholders across the country, garnered Rs. 1,300 crore in renewal premium till Nov. 2009.