|
|
|
|
|
|
|
Insurance Company
|
Reliance Life Insurance Co Ltd
|
|
Plan Name
|
Reliance Super Automatic Investment Term 10 Plan
|
|
Plan Nature
|
ULIP
|
|
Plan Category
|
Investment Plan
|
|
UIN No.
|
121L049V01
|
|
About Plan
|
Reliance Life Insurance offers you products that fulfill your savings and protection needs. Our aim is to emerge as a transnational Life Insurer of global scale and standard. Reliance Life Insurance Company Limited, a Reliance Capital Company is a part of Reliance - Anil Dhirubhai Ambani Group. Reliance Capital Limited is one of India'sleading private sector financial services companies.Reliance Capital Limited has interests in asset management and mutual funds, stock broking, life and general insurance, proprietaryinvestments, private equity and other activities in financial services.
|
|
|
|
|
|
|
|
Minimum Entry Age
|
30 Days
|
|
Maximum Entry Age
|
70 Years last birthday
|
|
Minimum Maturity Age
|
10 Years last birthday
|
|
Maximum Maturity Age
|
80 Years last birthday
|
|
Minimum Policy Term
|
Fixed term of 10 years
|
|
Maximum Policy Term
|
Fixed term of 10 yeras
|
|
Minimum Sum Assured
|
5 times of the Annualised premium
|
|
Maximum Sum Assured
|
30 times of Annualised premium
|
|
|
|
|
|
|
|
|
|
Benefits
|
|
|
| Particulars | Description |
|
Maturity Benefits
|
On survival of the life assured to maturity, the total fundvalue related to the basic plan (including the fund valuerelated to the Guaranteed Additions and fund value related to Top up) shall be paid. The policy terminates on payment of maturity benefit.
|
|
Death Benefits
|
If death of the life assured occurs after commencement of the risk cover# but before the 60th birthday, the higher of I or II will be paid, whereI. Sum Assured (less all partial withdrawals made from the policy fund during the 24 months prior to the date of death).II. Total fund value related to the basic plan (including the fund value related to the Guaranteed Additions and fund value related to Top up) as on the date of intimation of death.
|
|
|
|
Tax Benefits
|
|
|
| Section | Description |
|
SEC 80 C
|
Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.
|
|
SEC 10 (10)D
|
Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.
|
|
SEC 80 D
|
Under Section 80 D premium up to Rs 10,000 (Rs.15,000 for senior citizens) are allowed as deduction from taxable income.
|
|
|
|
|
|
|
|
|
|
|
|
Two plan options to choose from - Ready-made & Tailor-madeLife Stage asset allocation to ensure automatic changein investment patterns - under Ready-made Plan optionFreedom to decide your own fund mix based on your risk profile under Tailor-made PlanAllows Systematic transfer plan to average out the cost of unit purchases in equityRegular, single premium paying optionsUnmatched flexibility through our Exchange
|
|
This option is available to for existing reliance Super Automatic Investment Term 10 Plan policyholders after completion of three policy years from the date of commencement. Under this option, the policy holder can transfer policy benefits (surrender, maturity etc.) either fully or partially to our any another plan wherein this option is available. This option must be exercised at least 30 days before the receipt of benefitunder the policy. The terms and conditions as specified in the opted policy document would apply to the policy holder opting for the 'Exchange Option'.
|
|
You will have the flexibility to alter the allocation of your investments among the funds/plans offered in order to suit your changing investment needs by easily switching between the funds/plans.In respect of switching requisition received up to 3.00 p.m. by the company, the closing unit price of the day shall be applicable. In respect of switching requisition received after 3.00 p.m. by the company, the closing unit price of the next business day shall be applicable. There are 52 free switches each policy year. Unused free switches cannot be carried forward to a following year.
|
|
You have the option to take the maturity proceeds in periodic installments within a maximum of 5 years from the date of maturity. You have to give a notice to the insurer at least 30 days before the maturity date. The periodic installment could be in any form including lump sum or infrequent withdrawals asrequested by you.
|
|
|
|
|
|
|
|
|
|
Life Balanced Fund 1
|
|
Life Corporate Bond Fund 1
|
|
Life Energy Fund 2
|
|
Life Equity Fund 3
|
|
Life Gilt Fund 1
|
|
Life Growth Plus Fund 2
|
|
Life Infrastructure Fund 2
|
|
Life Midcap Fund 2
|
|
Life Money Market Fund 1
|
|
Life Pure Equity Fund 2
|
|
Life Super Growth Fund 2
|
|
|
|
Particulars
|
Range
|
|
Life Balanced Fund 1
|
|
Debt Securities
|
0% - 100%
|
|
Equities
|
0% - 20%
|
|
Money Market Instruments Incl. Liquid Mutual Fundsand bank deposits
|
0% - 100%
|
|
Life Corporate Bond Fund 1
|
|
Money Market instruments
|
0% - 100%
|
|
Corporate Bonds
|
0% - 100%
|
|
Life Energy Fund 2
|
|
Corporate bonds and other debt related instruments
|
0% - 100%
|
|
Equities in Energy and allied sector
|
0% - 100%
|
|
Life Equity Fund 3
|
|
Corporate bonds and other debt instruments/ Banks deposits/ Money market instruments
|
0% - 100%
|
|
Equities
|
0% - 100%
|
|
Life Gilt Fund 1
|
|
Central Government Securities
|
0% - 100%
|
|
Other Government Securities
|
0% - 40%
|
|
Money Market Instruments
|
0% - 100%
|
|
Life Growth Plus Fund 2
|
|
Corporate Bonds
|
50% - 100%
|
|
Equities
|
0% - 50%
|
|
Life Infrastructure Fund 2
|
|
Corporate bonds and Other debt related instruments/ Bank deposits/ Money Market Instruments
|
0% - 100%
|
|
Equities in Infrastructure and allied sector
|
0% - 100%
|
|
Life Midcap Fund 2
|
|
Corporate bonds and other debt related instruments
|
0% - 100%
|
|
Equity predominantly in midcap companies.
|
0% - 100%
|
|
Life Money Market Fund 1
|
|
Money Market Instruments Incl Liquid Mutual Funds and bank deposits
|
0% - 100%
|
|
Life Pure Equity Fund 2
|
|
Equity in Sectors related
|
60% - 100%
|
|
Corporate bonds
|
0% - 40%
|
|
Life Super Growth Fund 2
|
|
Corporate bond
|
20% - 100%
|
|
Equities
|
0% - 80%
|
|
|
|
|
|
|
|
|
|
|
Life Balanced Fund 1
|
19-Jun-13
|
20.2029
|
|
Life Corporate Bond Fund 1
|
19-Jun-13
|
15.4525
|
|
Life Energy Fund 2
|
19-Jun-13
|
8.2355
|
|
Life Equity Fund 3
|
19-Jun-13
|
11.4358
|
|
Life Gilt Fund 1
|
19-Jun-13
|
14.1408
|
|
Life Growth Plus Fund 2
|
19-Jun-13
|
12.1189
|
|
Life Infrastructure Fund 2
|
19-Jun-13
|
6.4204
|
|
Life Midcap Fund 2
|
19-Jun-13
|
9.5935
|
|
Life Money Market Fund 1
|
19-Jun-13
|
14.7679
|
|
Life Pure Equity Fund 2
|
19-Jun-13
|
9.9424
|
|
Life Super Growth Fund 2
|
19-Jun-13
|
11.4443
|
|
|
|
|
|
|
|
|
|
|
Life Balanced Fund 1
|
|
Life Corporate Bond Fund 1
|
|
Life Energy Fund 2
|
|
Life Equity Fund 3
|
|
Life Gilt Fund 1
|
|
Life Growth Plus Fund 2
|
|
Life Infrastructure Fund 2
|
|
Life Midcap Fund 2
|
|
Life Money Market Fund 1
|
|
Life Pure Equity Fund 2
|
|
Life Super Growth Fund 2
|
|
|
|
|
|
|
|
|
10-Jul-09
11:59
|
Concerns over insurers' IPO listing
|
|
06-Jun-09
10:21
|
Reliance Life Insurance to mop up Rs 1,500-2,000 cr through IPO
|
|
23-May-09
12:40
|
Reliance Cap plans to sell 10 to 26% of its life insurance unit
|
|
22-May-09
10:40
|
Reliance Capital is planning to IPO of its insurance arm
|
|
13-May-09
11:23
|
Reliance Life Insurance reduced the number of agents
|
|
30-Mar-09
15:56
|
Seeking CEO for Insurance JV
|
|
09-Feb-09
09:58
|
Expanding operation beyond Indian shores: Reliance Life CEO
|
|
05-Feb-09
09:50
|
Reliance General Insurance launched claim survey 'Motoveys Claimlook'
|
|
20-Jan-09
12:50
|
Private insurers see market share rise to 62%
|
|
12-Jan-09
14:50
|
Reliance ADAG is in talks to sell a minority stake in its insurance distribution business to THB
|
|
12-Jan-09
13:50
|
Reliance Life Insurance launched Group Savings Linked Plan
|
|
22-Dec-08
14:56
|
Reliance Life launches Guaranteed Return Plan Series I
|
|
12-Dec-08
11:40
|
Reliance Life launches Super InvestAssure Plan - Plus
|
|
08-Dec-08
12:56
|
Reliance Life expects the first premium income to cross $1 billion
|
|
05-Dec-08
12:46
|
Reliance Life to hire 2,500 managers, 90,000 advisers in 4 months
|
|
|
|
|
View another Plan
|
|
|
|
|
Insurance Company
|
|
|
|
|
Solution for
|
|
|
|
|
Type
|
|
|
|
|
Category
|
|
|
|
|
Plan
|
|
|
|
|
|
|