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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 - Value
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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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121L039V01
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About Plan
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The Reliance Super Golden Year Plan û Value gives you the right kind of solution. A retirement plan that allows you to save systematically to generate the much needed corpus to make your olden years look golden.
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Minimum Entry Age
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18 YEARS LAST BIRTHDAY
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Maximum Entry Age
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59 YEARS
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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 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.25000/-
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Minimum Top Up premium
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RS.2500/-
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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 Quqarterly 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 unfortunate event of your death during the policy term, the beneficiary will get sum assured or fund value whichever is higher. This amount can be taken as a lump sum or an annuity can be purchased for the entire lump sum or portion of it. The beneficiary will have the option to purchase an annuity either from Reliance Life Insurance Company Limited or from any other registered life insurance company.
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Vesting Benefit
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On vesting, you can purchase annuity plan for the full fund value. You can also commute up to one third of account valueas tax free lump sum and the balance can be used for the purchase of annuity. You can purchase an annuity either from Reliance Life Insurance Company Limited or from any other registered life insurance company.
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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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The Reliance Super Golden Year Plan û Value gives you the right kind of solution. A retirement plan that allows you to save systematically to generate the much needed corpus to make your olden years look golden.
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1. On vesting, you can purchase annuity plan for the full fund value.2. You can also commute up to one third of account value as tax free lump sum and the balance can be used for the purchase of annuity.3. Open market option: you can purchase an annuity either from Reliance Life Insurance Company Limited or from any other registered life insurance company.
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In the unfortunate event of your death during the policy term, the beneficiary will get sum assured or fund value whichever is higher. This amount can be taken as a lump sum or an annuity can be purchased for the entire lump sum or portion of it. The beneficiary will have the option to purchase an annuity either from Reliance Life Insurance Company Limited or from any other registered life insurance company.
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Assurance for your family In the unfortunate event of your death during the deferment period your beneficiary will get the higher of sum assured or fund value. Your contribution towards the death cover keeps decreasing as the fund value increases due to investment performance. This leads to faster accumulation towards your pension fund and the death cover will be decreasing so that the total death benefit is atleast equal to the sum assured you have chosen during the plan period.
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If you have received a bonus or some lumpsum money you can use that as a top-up to increase your investments at any time in your Policy only, where due basic regular premiums are paid up to date. The minimum Top up amount is Rs. 2,500. There is no restriction on the maximum amount of top-ups. However, the total top up premiums at any point of time shall not exceed 25% of the total basic plan premium paid till that time. 95% of any amount paid as top-up is allocated to your funds. The Sum Assured is not affected due to top-ups.
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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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The policyholder may also choose an earlier vesting date, after completion of five years of policy term or age 45 years whichever is later. The request for an earlier vesting date should be received at least one month before the proposed vesting date.
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1. Reliance Term Life Insurance Benefit Rider2. Reliance Accidental Death and Total and PermanentDisablement Rider: 3. Reliance Major Surgical Benefit Rider: 4. Reliance Critical Conditions (25) Rider
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Pension Balanced Fund 1
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Pension Energy 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 Money Market 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 Energy 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 Money Market Fund 1
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Money Market Instrument
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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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23-May-13
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20.2775
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Pension Energy Fund 1
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23-May-13
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9.2851
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Pension Equity Fund 2
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23-May-13
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13.1329
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Pension Growth Fund 1
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23-May-13
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17.4729
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Pension Infrastructure Fund 1
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23-May-13
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6.0101
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Pension Midcap Fund 1
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23-May-13
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11.3368
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Pension Money Market Fund 1
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23-May-13
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14.0755
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Pension Pure Equity Fund 1
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23-May-13
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11.8578
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Pension Balanced Fund 1
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Pension Energy 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 Money Market 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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