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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 Super Golden Years Plan - Plus
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Plan Nature
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ULIP
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Plan Category
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Retirement Plan
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UIN No.
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121L038V01
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About Plan
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Reliance Super Golden Years Plan Plus is the right kind of solution for you. It 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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59YEARS
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Minimum Maturity Age
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45 YEARS
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Maximum Maturity Age
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64
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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.25000/-
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Maximum Sum Assured
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50 times of the Annualised Premium
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Minimum Premium
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Rs. 10,000 - Minimum Premium Yearly modeRs. 5,000 - Minimum Premium Half-Yearly modeRs. 2,500 - Minimum Premium Quarterly modeRs. 1,000 - Minimum Premium Monthly mode
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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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Death Benefits
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in the event of your unfortunate demise during the policy term, the policy pays a guaranteed death benefit equal to the Sum Assured you chose, Subject to maximum of 50 times of the Annualised Premium plus your Fund Value as at the date of your death to your nominee(s).
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Vesting Benefit
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On your survival up to the Vesting date, the policy pays youthe built up Fund Value as at the vesting date. This survival benefit received may be used 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 purchase an annuity plan with the balance Fund Value.
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Surrender Benefit
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You may surrender your policy after three years from date ofcommencement of the policy. For Top up, the surrender value will be acquired immediately on payment of top up. However, it will be payable on completion of three years from the date of payment of Top Up (this condition will not apply if the topup premiums are paid during the last three years of thecontract).
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Tax Benefits
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| Section | Description |
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SEC 80 CCC
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Section 80 CCC allows to individual, tax deduction for amount paid during the financial year out of income chareable to tax, towards specified pension plan. Maximum deduction allowed is Rs. 100,000.
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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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Term Life Insurance Benefit Rider [121C009V01]
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Major Surgical Benefit Rider [121B011V01]
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Critical Conditions (25) Rider [121B010V01]
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Reliance Super 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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It is a flexible unit-linked pension product different from traditional products with vesting age between 45 & 64 years.Invest systematically and secure your golden years.Eight different investment funds to choose from Choose to switch between fundsTax free commutation of up to one third of fund value at vesting age.
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Reliance Term Life Insurance Benefit Rider,Reliance Accidental Death and Total and Permanent Disablement Rider, Reliance Major Surgical Benefit Rider,Reliance Critical Conditions (25) Rider.
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Depending upon the performance of your funds you can switch between them. At any time the policy owner may instruct us in writing to switch some or all of the units from one unit linked fund to another. The company will give effect to this switch by cancelling units in the old fund and allocating units in the new fund at the prevailing unit price.
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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. The request for a advancing your vesting date should be received at least one month before the proposed vesting date.On the new vesting date you may purchase annuity for the full Fund Value or commute up to one third of the Fund Value as tax free lump sum and the balance may be used for the purchase of an annuity. The annuity may be purchased from us of from any other registered life insurance company.
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Pension Balanced Fund 2
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Pension Energy Fund 2
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Pension Equity Fund 3
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Pension Growth Fund 2
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Pension Infrastructure Fund 2
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Pension Midcap Fund 2
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Pension Money Market 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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Pension Balanced Fund 2
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Corporate Debt
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0% - 80%
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Equity
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0% - 20%
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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 Growth Fund 2
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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 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 Money Market Fund 2
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Money Market Instruments
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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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Pension Balanced Fund 2
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19-Jun-13
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12.54
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Pension Energy Fund 2
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19-Jun-13
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8.1582
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Pension Equity Fund 3
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19-Jun-13
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11.2643
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Pension Growth Fund 2
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19-Jun-13
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12.0474
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Pension Infrastructure Fund 2
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19-Jun-13
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6.33
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Pension Midcap Fund 2
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19-Jun-13
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9.5758
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Pension Money Market Fund 2
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19-Jun-13
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12.9185
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Pension Pure Equity Fund 2
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19-Jun-13
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10.0295
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Pension Balanced Fund 2
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Pension Energy Fund 2
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Pension Equity Fund 3
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Pension Growth Fund 2
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Pension Infrastructure Fund 2
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Pension Midcap Fund 2
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Pension Money Market 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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