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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 Golden Year plan Plus
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Plan Nature
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ULIP
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Plan Category
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Retirement
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UIN No.
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121L022V01
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About Plan
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Reliance Golden Years Plan Plus is a retirement plan that allows you to save systematically, build up the much needed corpus to make your golden years special, while ensuring a basic minimum amount collected, should the unthinkable happen before you achieve your dreams.
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Minimum Entry Age
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18 Years
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Maximum Entry Age
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59 Years
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Minimum Vesting Age
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45 Years
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Maximum Vesting Age
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65 Years
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Minimum Policy Term
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5 Years
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Minimum Sum Assured
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Rs. 25,000
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Maximum Sum Assured
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No Limit
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Minimum Premium
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Rs. 10,000 - Minimum Premium Annual ModeRs. 5,000 - Minimum Premium Half-Yearly ModeRs. 2,500 - Minimum Premium Quarterly ModeRs. 1,000 - Minimum Premium Monthly Mode0
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Minimum Top Up premium
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Rs. 2,500
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Benefits
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| Particulars | Description |
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Maturity Benefits
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The Benefit payable on maturity will be equal to the value of your units.
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Death Benefits
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In the event of your unfortunate demise during the PolicyTerm, the Policy pays a guaranteed Death Benefit equal to the Sum Assured you chose plus your Fund Value as at the date of your death to your Nominee(s).
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Survival Benefit
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To purchase an annuity plan with the entire Fund Value or, To commute up to one third of Fund Value as tax free lump sum and to puchase an annuity plan with the balance Fund Value.
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Vesting Benefit
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On your survival up to the Vesting Date, the Policy pays you the built up Fund Value as at the Vesting Date.
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Surrender Benefit
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You may surrender your Policy after three years from commencement. The minimum Surrender Value is 90% of the Fund Value from the fourth Policy Year onwards.
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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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Reliance Golden Years Plan Plus is a retirement plan that allows you to save systematically, build up the much needed corpus to make your golden years special, while ensuring a basic minimum amount collected, should the unthinkable happen before you achieve your dreams.
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A flexible Unit-linked Pension product, different from traditional products with Vesting Eight different investment funds to choose from.Choose to switch between funds.Flexibility to advance your Vesting Age.Tax free commutation up to one third of fund value at Vesting Age.Optional Accident Benefit Rider.
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If you have received a bonus from your employer or some lump sum money, you may apply it to top-up your Fund Value. The minimum top-up amount is Rs 2,500. 95% of all top-ups are allocated to your fund account. The sum assured is not affected due to top-ups.
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Depending upon the performance of your funds and your risk appetite, you may switch between funds. You have the right to exercise one free switch in each policy year.
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Subject to a minimum policy term of five years, you may choose to advance your vesting Date. The earliest Vesting Date is age 45 years.
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Reliance Life Insurance understands the value of your hard earned money. In order to make your money grow we currently offer 8 investment fund options. You may choose to allocate your premiums in the fund options in a manner you wish to.
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Optional Reliance Accidental Death and Total and Permanent Disablement Rider:You may customize your basic policy, the Reliance Golden Years Plan û Plus by adding an Reliance Accidental Death & Total and Permanent Disablement Rider for a nominal additional premium (ADTPD).
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Pension Balanced Fund 1
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Pension Capital Secure Fund 1
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Pension Energy Fund 1
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Pension Equity Fund 1
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Pension Equity Fund 2
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Pension Growth Fund 1
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Pension Infrastructure Fund 1
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Pension Midcap Fund 1
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Pension Pure Equity Fund 1
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Particulars
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Range
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Pension Balanced Fund 1
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Corparate Debt
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0% - 80%
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Equity
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0% - 20%
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Pension Capital Secure Fund 1
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Money Market Instruments
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0% - 100%
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Pension Energy Fund 1
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Equity
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0% - 100%
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Pension Equity Fund 1
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Equity
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0% - 100%
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Pension Equity Fund 2
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Equity
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0% - 100%
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Pension Growth Fund 1
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Corporate Debt
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0% - 60%
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Equity
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0% - 40%
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Pension Infrastructure Fund 1
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Equity
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0% - 100%
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Pension Midcap Fund 1
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Equity
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0% - 100%
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Pension Pure Equity Fund 1
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Pure Equity
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0% - 100%
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Pension Balanced Fund 1
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18-Jun-13
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20.1252
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Pension Capital Secure Fund 1
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18-Jun-13
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17.6065
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Pension Energy Fund 1
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18-Jun-13
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9.0844
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Pension Equity Fund 1
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18-Jun-13
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14.9049
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Pension Equity Fund 2
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18-Jun-13
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12.8189
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Pension Growth Fund 1
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18-Jun-13
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17.2933
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Pension Infrastructure Fund 1
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18-Jun-13
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5.798
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Pension Midcap Fund 1
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18-Jun-13
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10.8823
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Pension Pure Equity Fund 1
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18-Jun-13
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11.6242
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Pension Balanced Fund 1
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Pension Capital Secure Fund 1
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Pension Energy Fund 1
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Pension Equity Fund 1
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Pension Equity Fund 2
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Pension Growth Fund 1
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Pension Infrastructure Fund 1
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Pension Midcap Fund 1
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Pension Pure Equity 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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