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Insurance Company
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Reliance Life Insurance Co Ltd
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Plan Name
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Reliance Automatic Investment plan
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Plan Nature
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ULIP
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Plan Category
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Unit Linked
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UIN No.
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121L024V01
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About Plan
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Reliance Automatic Investment Plan is an enhanced Unit Linked Plan addressing comprehensive needs to strike that perfect balance of protection and savings with full flexibility as you grow in your career.
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Minimum Entry Age
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30 days
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Maximum Entry Age
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65 Years
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Minimum Maturity Age
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18 years
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Maximum Maturity Age
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80 years
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Minimum Policy Term
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5 Years
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Maximum Policy Term
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30 years
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Minimum Premium (Regular)
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Rs. 10,000 for Annual ModeRs. 5,000 for Half-Yealy ModeRs. 2,500 for Quarterly ModeRs. 1,000 for Monthly Mode
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Maximum Premium (Limited)
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Rs. 20,000 - for Annual modeRs. 10,000 - for Half-Yearly modeRs. 5,000 - for Quarterly modeRs. 2,000 - for Monthly mode
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Minimum Premium (Single)
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Rs. 25,000
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Minimum Top Up Premium
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Rs. 2,500
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Minimum Sum Assured (Regular/Limited)
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5 times the amount of the annualized Premium.
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Minimum Sum Assured (Single)
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110% of the Single Premium amount, if the policy term is 10 years and above and 125% if the policy term is less than 10 years.
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Maximum Sum Assured (Regular)
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0 to 45 - 34 times of Annualised Premium46 to 58 - 24 times of Annualised Premium59 to 65 - 19 times of Annualised Premium
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Maximum Sum Assured (Limited)
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0 to 45 - 34 times of Annualised Premium46 to 58 - 20 times of Annualised Premium59 to 65 - 18 times of Annualised Premium
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Maximum Sum Assured (Single)
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Age at Entry: 0 to 45Policy Term Upto 10 Years - 17 times of SPPolicy Term 11 to 20 Years - 6 times of SPPolicy Term 21 to 30 Years - 3 times of SPAge at Entry: 46 to 58Policy Term Upto 10 Years - 5 times of SPPolicy Term 11 to 22 Years - 2 times of SPAge at Entry: 59 to 65Policy Term Upto 5 Years - 7 times of SPPolicy Term 6 to 10 Years - 3 times of SPPolicy Term 11 to 15 Years - 2 times of SP
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Benefits
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| Particulars | Description |
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Maturity Benefits
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On survival of the Life Assured to maturity, the Fund Value relating to the Basic Policy and top-ups will be paid. The Policy Terminates on payment of Maturity Benefit.
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Death Benefits
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1. On death before 12th birthday the Death Benefit will be the Fund Value relating to Basic Policy as on the date of receipt of intimation of death.2. on death after 12th birthday but before 60th birthday: Death Benefit will be higher of Sum Assured less all Partial Wilthdrawals made from the Basic Policy fund in the last 24 months prior to date of death and Fund Value relating to Basic Policy as on the date of receipt on intimation of death.3. On death on or after 60th birthday: Death Benefit will be higher of Sum Assured less all Partial Withdrawals made from the Basic Policy Fund within 24 months before 60th birthday and all the withdrawals made from the Basic Policy Fund after 60th birthday and the Fund Value relating to the Base Policy as on date of receipt of intimation of death.The Fund Value relating to the top ups will also be paid in each of the above ceases. The Policy Terminates on payment of Death Benefit.
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Loan against policy
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No loan facility available.
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Partial Withdrawal Benefit
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You are allowed to make partial withdrawals after 3 years from inception. There would be a three years lock-in period on the top-ups for the purpose of partial withdrawals.
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Tax Benefits
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| Section | Description |
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SEC 80 C
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Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.
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SEC 10 (10)D
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Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.
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Accidental death & Total & Permanent Disablement Rider [121C002V01]
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Term Life Insurance Benefit Rider [121C009V01]
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Option to avail of Accidental Death Benefit, Accidental Total, Premium Disability and Term Insurance riders
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Life Balanced Fund 1
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Life Corporate Bond Fund 1
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Life Energy Fund 1
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Life Equity Fund 2
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Life Gilt Fund 1
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Life Growth Plus Fund 1
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Life Infrastructure Fund 1
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Life Midcap Fund 1
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Life Money Market Fund 1
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Life Pure Equity Fund 1
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Life Super Growth Fund 1
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Particulars
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Range
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Life Balanced Fund 1
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Debt Securities
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0% - 100%
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Equities
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0% - 20%
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Money Market Instruments Incl. Liquid Mutual Fundsand bank deposits
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0% - 100%
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Life Corporate Bond Fund 1
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Money Market instruments
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0% - 100%
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Corporate Bonds
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0% - 100%
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Life Energy Fund 1
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Equity
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0%-100%
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Life Equity Fund 2
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Equity
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0% - 100%
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Life Gilt Fund 1
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Central Government Securities
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0% - 100%
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Other Government Securities
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0% - 40%
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Money Market Instruments
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0% - 100%
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Life Growth Plus Fund 1
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Money Market Instruments
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0% - 40%
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Debt Securities such as Gilts, Corporate Debt excluding Money Market Instruments
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0% - 100%
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Equities
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0% - 50%
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Life Infrastructure Fund 1
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Equit
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0% - 100%
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Life Midcap Fund 1
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Equity
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0% - 100%
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Life Money Market Fund 1
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Money Market Instruments Incl Liquid Mutual Funds and bank deposits
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0% - 100%
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Life Pure Equity Fund 1
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Equities in sectors other than banks and non-banking financial companies, breweries, distilleries, alcohol based chemicals, cigarettes, tobacco, entertainment, leather, suger and hatcheries.
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60% - 100%
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Corporate bonds and other debt instruments/ Bank deposits/ Money Market Instruments
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0% - 40%
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Life Super Growth Fund 1
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Corporate bonds and other debt instruments/ Bank deposits/ Money Market Instruments
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20% - 100%
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Equities
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0% - 80%
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Life Balanced Fund 1
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23-May-13
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20.3103
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Life Corporate Bond Fund 1
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23-May-13
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15.5176
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Life Energy Fund 1
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23-May-13
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9.8329
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Life Equity Fund 2
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23-May-13
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13.4091
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Life Gilt Fund 1
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23-May-13
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14.2206
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Life Growth Plus Fund 1
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23-May-13
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15.7778
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Life Infrastructure Fund 1
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23-May-13
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6.2832
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Life Midcap Fund 1
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23-May-13
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10.8545
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Life Money Market Fund 1
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23-May-13
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14.6843
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Life Pure Equity Fund 1
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23-May-13
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13.1267
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Life Super Growth Fund 1
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23-May-13
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13.3621
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Life Balanced Fund 1
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Life Corporate Bond Fund 1
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Life Energy Fund 1
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Life Equity Fund 2
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Life Gilt Fund 1
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Life Growth Plus Fund 1
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Life Infrastructure Fund 1
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Life Midcap Fund 1
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Life Money Market Fund 1
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Life Pure Equity Fund 1
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Life Super Growth Fund 1
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10-Jul-09
11:59
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Concerns over insurers' IPO listing
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06-Jun-09
10:21
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Reliance Life Insurance to mop up Rs 1,500-2,000 cr through IPO
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23-May-09
12:40
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Reliance Cap plans to sell 10 to 26% of its life insurance unit
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22-May-09
10:40
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Reliance Capital is planning to IPO of its insurance arm
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13-May-09
11:23
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Reliance Life Insurance reduced the number of agents
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30-Mar-09
15:56
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Seeking CEO for Insurance JV
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09-Feb-09
09:58
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Expanding operation beyond Indian shores: Reliance Life CEO
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05-Feb-09
09:50
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Reliance General Insurance launched claim survey 'Motoveys Claimlook'
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20-Jan-09
12:50
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Private insurers see market share rise to 62%
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12-Jan-09
14:50
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Reliance ADAG is in talks to sell a minority stake in its insurance distribution business to THB
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12-Jan-09
13:50
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Reliance Life Insurance launched Group Savings Linked Plan
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22-Dec-08
14:56
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Reliance Life launches Guaranteed Return Plan Series I
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12-Dec-08
11:40
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Reliance Life launches Super InvestAssure Plan - Plus
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08-Dec-08
12:56
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Reliance Life expects the first premium income to cross $1 billion
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05-Dec-08
12:46
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Reliance Life to hire 2,500 managers, 90,000 advisers in 4 months
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