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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 Secure Child Term 10 Plan
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Plan Nature
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ULIP
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Plan Category
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Child Plan
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UIN No.
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121L068V01
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About Plan
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This is a non profit unit linked endowment plan where the life insured is the child with premium waiver benefit on death of the parent.The premium contributed by you net of Premium Allocation Charges is invested in fund option of your choice for a specified period of time as selected by you and units are allocated depending on the price of units for the fund.
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Minimum Entry Age
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30 Days.
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Maximum Entry Age
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15 Years.
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Minimum Entry Age of the parent
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21 Years last birth day.
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Maximum Entry Age of the Parent.
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50 years last birthday.
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Minimum Policy Term
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Fixed term of 12 years.
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Maximum Policy Term
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Fixed term of 10 years
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Benefits
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| Particulars | Description |
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Maturity Benefits
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If the mode of premium payment is Regular,Maximum ofi) Fund value( including fund value under New Return Shield Fund and e - point Account) as on the date maturity relating to the base policy.ii) 95% of total Regular Premiums paid under the Regular Premium base Policy less extra or additional premiums if any provided no partial withdrawals were from any fund except redemption of points from e-Account for availing of services of web based community and that New Equity, New Mid-Cap, New Infrastructure, New Energy and New Pure Equity fund was not selected at any time during the policy term.
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Death Benefits
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If death of the child occurs after commencement of risk cover, the death benefit will be Maximum ofi) Sum assuredii) Fund value ( including fund value under Return Shield Fund and e - Account) as on the date of intimation of death relating to the base policy.iii) 95% of total Regular Premiums paid under the Regular premium base Policy less extra or additional premiums if any provided no partial withdrawals were made any fund except redemption of points from e-Account for availing of services of web based community and that the New Equity Fund, New Mid-Cap Fund, New Infrastructure Fund, New Energy Fund and New Pure Equity fund was not selected at any time during the policy term.
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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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Insurance cover on the life of child.You child is completely protected - we will continue to pay the premiums even if you are not alive.Life time income to child in the event of disability.
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Guarantee of 95% of the regular premium paid available on maturity and on death of the child under Regular Premium base policy.Guaranteed addition of 1% of the premiums paidunder base plan and top ups.
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Option to package with Reliance New Major Surgical Benefit Rider, Reliance New Critical Conditions (25) Rider, Reliance Term Life Insurance Benefit Rider, Reliance Accidental Death and Total and Permanent Disablement Rider.
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Life Balanced Fund 1
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Life Energy Fund 2
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Life Equity Fund 3
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Life Growth Fund 2
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Life Infrastructure Fund 2
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Life Midcap Fund 2
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Life Pure Debt Fund 1
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Life 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 Energy Fund 2
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Corporate bonds and other debt related instruments
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0% - 100%
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Equities in Energy and allied sector
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0% - 100%
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Life Equity Fund 3
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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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Equities
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0% - 100%
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Life Growth Fund 2
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Debt Securities
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0% - 60%
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Equities
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0% - 40%
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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 Infrastructure Fund 2
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Corporate bonds and Other debt related instruments/ Bank deposits/ Money Market Instruments
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0% - 100%
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Equities in Infrastructure and allied sector
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0% - 100%
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Life Midcap Fund 2
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Corporate bonds and other debt related instruments
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0% - 100%
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Equity predominantly in midcap companies.
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0% - 100%
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Life Pure Debt Fund 1
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Debt Instruments
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0% - 100%
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Life Pure Equity Fund 2
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Equity in Sectors related
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60% - 100%
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Corporate bonds
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0% - 40%
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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 Energy Fund 2
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23-May-13
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8.425
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Life Equity Fund 3
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23-May-13
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11.6744
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Life Growth Fund 2
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23-May-13
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12.9825
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Life Infrastructure Fund 2
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23-May-13
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6.6201
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Life Midcap Fund 2
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23-May-13
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9.9163
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Life Pure Debt Fund 1
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23-May-13
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16.5489
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Life Pure Equity Fund 2
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23-May-13
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10.1286
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Life Balanced Fund 1
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Life Energy Fund 2
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Life Equity Fund 3
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Life Growth Fund 2
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Life Infrastructure Fund 2
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Life Midcap Fund 2
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Life Pure Debt Fund 1
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Life 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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