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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 Market Return Plan
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Plan Nature
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ULIP
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Plan Category
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Protection Plan
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UIN No.
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121L016V02
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About Plan
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With Reliance Market Return plan you can have the twin advantage of insurance protection as well as reaping the benefits of investment growth. It is a flexible plan which works all through your life and meets the changing requirements like additional protection, liquidity through cash, option to invest in different asset class, steady golden years and many more
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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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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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40 Years
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Minimum Premium
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Rs 10000
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Minimum Premium
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Rs 25000
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Benefits
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| Particulars | Description |
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Maturity Benefits
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On survival to maturity the Fund Value on Maturity will be paid out.
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Death Benefits
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In case of unfortunate loss of life, the Beneficiary will get Sum Assured or Fund Value, whichever is higher.
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Partial Withdrawal Benefit
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You have the option to make Partial Withdrawal after completion of three Policy Years. If your Fund Value is less than the Sum Assured, then the maximum partial withdrawal can be Rs 5,000 per partial withdrawal. And if your Fund Value is more than the Sum Assured, then the maximum partial withdrawal is the difference between the Fund Value and the Sum Assured plus Rs 5000. Higher amounts of partial withdrawals are allowed, subject to underwriting. Two partial withdrawals are allowed every year. Minimum FundValue after each partial withdrawal should be Rs 10,000.
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Surrender Benefit
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You may surrender your policy at any time afte three years from commencement. Under single premium policies, Surrender Value is 100% of Fund Value. For regular premium policies 50% of the Fund Value you may opt from the second policy years.
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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 Market Return Plan have the twin advantage of insurance protection as well as reaping benefits of investment growth. It is a flexible plan, which works all through your life and meets changing requirements like additional protection, liquidity through cash, option to invest in different asset class, steady golden years and many more.
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Twin benefit of market linked return and insurance protectionA Unit Linked Plan, different from traditional Life Insurance products with maximum maturity age of 80 years Option to create your own portfolio depending on your risk appetiteChoose from four different investment fundsFlexibility to switch between fundsOption to pay regular as well as single premium & top-upsOption to package your Policy with Accidental riderFlexibility to increase the Sum AssuredLiquidity through partial withdrawals
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In case of unfortunate loss of life, the Beneficiary will get Sum Assured or Fund Value, whichever is higher. You can choose the basic Sum Assured within the minimum and maximum levels mentioned below:
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On survival to maturity the Fund Value on Maturity will be paid out.
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If you have received a bonus or some lump sum money you can use that as a top-up to increase the investments component in your Policy. Top-Ups are allowed only if all premiums due till date are paid. There is no restriction on the maximum amount of top-up. However top-ups made over and above 25% of the basic regular premium paid till date (or above 25% of the Single Premium) will lead to an increase in Sum Assured to the extent of 125% of the excess top-up premiums. The minimum top up amount is Rs. 2,500. 98% of any amount paid as top-up is allocated to your funds.
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After three years,1) If your Fund Value is less than the Sum Assured, then the maximum partial withdrawal can be Rs 5,000 per partial withdrawal 2) If your Fund Value is more than the Sum Assured, then the maximum partial withdrawal is the difference between the Fund Value and the Sum Assured plus Rs 5000. Higher amounts of partial withdrawals are allowed, subject to underwriting3) Two partial withdrawals are allowed every year. Minimum Fund Value after each partial withdrawal should be Rs 10,000.4) For the purpose of partial withdrawals, top-ups would have a lock-in of three years from the date the top-ups are made, and until then no partial withdrawals of units from top-up premiums are allowed. This condition is not applicable if the top-up premiums are paid during the last three years of the Policy term.5) If the Life Assured is minor, - partial withdrawals are allowed on or after attainment of age 18 years or after 3 years if later.
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You are free to increase the Sum Assured. Once Sum Assured is increased, it remains for the entire outstanding policy term. Increase in Sum Assured is subject to underwriting.
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You may switch some or all of the Fund Value between different unit-linked funds offered under the Market Return Plan. One free switch is available in a Policy Year.
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Redirection is retaining the allocation of units you have already invested and purchasing units using subsequent premium payments in an alternative allocation of your choice. The units you have already purchased with your premiums remain as they are while you redirect your future premium payments to other funds of your choice. (applicable with regular premium option only)
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You can add the 1) Accidental Death & 2) Accidental Total and Permanent Disablement Benefit Rider
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Life Balanced Fund 1
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Life Capital Secure Fund 1
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Life Energy Fund 1
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Life Equity Fund 1
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Life Equity Fund 2
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Life Growth Fund 1
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Life Infrastructure Fund 1
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Life Midcap Fund 1
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Life Pure Equity Fund 1
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Pension Energy Fund 2
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Pension Equity Fund 3
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Pension Infrastructure Fund 2
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Pension Midcap Fund 2
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Pension Pure Equity Fund 2
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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 Capital Secure Fund 1
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Money Market Instruments (including liquid mutual funds, & bank deposits)
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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 1
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Corporate bonds and other debt instruments/Banks deposits/ Money market instruments
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0% - 100%
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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 Growth Fund 1
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Debt Securities
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20% - 100%
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Equities
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0% - 40%
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Money Market instrument incl. Liquid Mutual Fundsand bank deposits
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0% - 40%
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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 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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Pension Energy Fund 2
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Equity
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0% - 100%
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Pension Equity Fund 3
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Equity
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0% - 100%
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Pension Infrastructure Fund 2
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Equity
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0% - 100%
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Pension Midcap Fund 2
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Equity
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0% - 100%
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Pension Pure Equity Fund 2
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Pure Equity
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O% - 100%
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Life Balanced Fund 1
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21-May-13
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20.4273
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Life Capital Secure Fund 1
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21-May-13
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17.4297
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Life Energy Fund 1
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21-May-13
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10.2236
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Life Equity Fund 1
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21-May-13
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31.3468
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Life Equity Fund 2
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21-May-13
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13.8001
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Life Growth Fund 1
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21-May-13
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22.1454
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Life Infrastructure Fund 1
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21-May-13
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6.5646
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Life Midcap Fund 1
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21-May-13
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11.0583
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Life Pure Equity Fund 1
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21-May-13
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13.4439
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Life Balanced Fund 1
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Life Capital Secure Fund 1
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Life Energy Fund 1
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Life Equity Fund 1
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Life Equity Fund 2
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Life Growth Fund 1
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Life Infrastructure Fund 1
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Life Midcap Fund 1
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Life Pure Equity Fund 1
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Pension Energy Fund 2
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Pension Equity Fund 3
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Pension Infrastructure Fund 2
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Pension Midcap Fund 2
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Pension Pure Equity Fund 2
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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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