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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 Connect 2 Life Plan
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Plan Nature
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TRADITIONAL
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Plan Category
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Savings(Endowment)
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UIN No.
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121N019V01
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About Plan
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Reliance Connect 2 Life Plan helps you build security & savings for a better tomorrow. As your income is likely to grow, you should also ensure that you have sufficient protection for your near and dear ones. Reliance Connect 2 Life Plan ensures that you have the option to upgrade your life cover to keep pace with your changing lifestyle.
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Min Entry Age
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18 Yrs(For first policy)
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Max Entry Age
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45 Yrs(For first policy)
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Min Maturity Age
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33 Yrs
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Max Maturity Age
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62 Yrs
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Min Policy Term
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15 Yrs
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Max Policy Term
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15 Yrs
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Min Sum Assured
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Rs. 1,00,000 (under Each policy)
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Max Sum assured
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Rs. 10,00,000 (It is under all plans put together on one life at any time).
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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 until maturity, the Plan pays the sum assured plus simple vested bonuses to the policyholder.
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Death Benefits
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In case of unfortunate death of the life assured before the maturity date, the Plan pays the sum assured plus simple vested bonuses to the nominee.
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Loan against policy
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You can take a loan against your policy up to 90% of the surrender value of the policy at the time of taking the loan.
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Additional Benefits
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No medical exam8nation and minimal paperworkA profit plan.High sum assured rebate for large life cover per policy.Policy loan after 3 years.
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Surrender Benefit
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Your policy acquires a surrender value after 3 years' premium have been paid and three years have elapsed. We guarantee a minimum surrender value of 30% of the total premiums paid subsequent to the first year premium.
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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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Loan against policy: You can take a loan against policy up to 90% of the surrender value of the policy at the time of taking the loan (based on the terms and conditions at that time.)
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Built-in ease of pay: For your convenience, we have provided two premium payment modes: Yearly and Monthly. The monthly installment premium will be 9% of the annual premium.
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A multitude of payment methods are available too: Cash, Cheque, Demand Draft, Credit Cards, Electronic Clearing Services (ECS) and R-World (If you have the R-World facility on your mobile phone, you may pay your premiums through your bank account with the banks listed under R-World).
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Grace Period: The Company allows a grace period of 30 days (15 days for monthly premium payment mode) from the due date for the payment of premiums.
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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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