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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 InvestAssure Plan
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Plan Nature
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ULIP
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Plan Category
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Savings
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UIN No.
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121L031V01
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About Plan
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Reliance Super InvestAssure is a complete plan which addresses your vital needs like Flexibility, Security, Investment Return and Financial Planning. With all its key benefits, it is here to ensure that there will always be more than you can ask for. This is a unique plan which combines protection and savings. It control over your investments vis-a-vis your financial needs and risk appetite. This plan also offers you a unique option of moving from a conservative fund to an aggressive fund systematically, to take advantage of the Rupee cost averaging model.
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Minimum Entry Age
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30 Days
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Maximum Entry Age
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60 years (Age at entry last birthday)
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Minimum Maturity Age
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15 Years last birthday
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Maximum Maturity Age
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75 Years last birthday
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Minimum Policy Term
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15 Years
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Maximum Policy Term
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30 Years
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Minimum Premium (Regular)
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Rs. 5,000 - Minimum Yearly modeRs. 2,500 - Minimum Half-Yearly modeRs. 1,250 - Minimum Quarterly modeRs. 500 - Minimum Monthly mode
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Maximum Premium
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No Limit
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Minimum Sum Assured
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Annualized Premium payable for five years
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Maximum Sum Assured
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Depends on the age at entry:0 to 40 - 20 times of Annualized Premium41 to 45 - 15 times of Annualized Premium46 to 50 - 10 times of Annualized Premium51 to 60 - 5 times of Annualized Premium
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Benefits
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| Particulars | Description |
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Maturity Benefits
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On survival of the life assured to maturity, the total fund value will be paid. The policy terminates on payment of maturity benefit.
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Death Benefits
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If death of the life assured occurs before commencement of risk cover#, total fund value as on the date of intimation of death will be paid.If death of the life assure occurs after commencement of the risk cover# but before the 60th birthday, the higher of I or II will be paid, where Sum Assured (less partial withdrawals made from the plicy fund during the 24 months prior to the date of death) Total fund value as on the date of intimation of death.If death of the life assured occurs on or after 60th birthday, the higher of I or II will be paid, where Sum Assured (less all partial withdrawals made from the policy fund during the 24 months before attaining 60th birthday and all withdrawals made from the basic policy fund after attaining 60th birthday) Total fund value as on the date of intimation of death.
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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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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 InvestAssure Plan is a unique plan which combines protection and savings. It also offers complete flexibility to gain control over your investments vis-a-vis your financial needs and risk appetite.This plan gives you guaranteed additions thus promising unmatched benefits. This plan also offers you a unique option of moving from a conservative fund to an aggressive fundsystematically, to take advantage of the Rupee cost averaging model.
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Twin benefit of market linked return and insurance protectionGuaranteed additions at the rate of 50% of your first yearÆs basic premium at interval of every 5 years from 10th year till policy is in force.Investment opportunity with flexibility - Choose from 8 pure investment fund optionsLiquidity in the form of partial withdrawalsA host of optional rider benefits to enhance protection cover
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On survival of the life assured to maturity, the total fund value will be paid. The policy terminates on payment of maturity benefit. Rider Benefits: You can add following optional rider benefits:
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You can add following optional rider benefits:Reliance Major Surgical Benefit RiderReliance Critical Conditions (25) RiderReliance Term Life Insurance Benefit RiderReliance Accidental Death and Total and Permanent Disablement Rider
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You may instruct us in writing to redirect all the future premiums under a policy in an alternative proportion to the various unit funds available without affecting previous allocation of premiums.
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Switching gives you the flexibility to alter the allocation of your investments among the funds to suit your changing investment needs. At any time during the policy term, you may instruct the Company, in writing, to switch some or all of the units from one unit linked fund to another. You are entitled to 52 free switches in any policy year. Unused free switches cannot be carried forward to a following year.
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You can use your bonus or some lump sum money to increase investments component. The minimum Top-up is Rs.2,500. The total Top-up premiums at all times should not exceed 25% of the total regular premiums paid till that time maximum 25%. Top-up are accepted only when due basic premiums are paid up to date.
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Partial withdrawals are available after a period of 3 years from the date of commencement of the policy or on attainment of age 18 by the life assured whichever is later. There would be a 3-years lock-in period on the Top-up premium(s) from the date of payment of each Top-up premium(s). This condition will not apply if Top-up premium(s) are paid during the last 3 years before the maturity. The minimum amount of partial withdrawal is Rs. 5000 and the maximum amount should not exceed 20% of the policy fund value in that policy year. However, at any point of time during the policy term, the minimum fund balance after the partial withdrawal should be atleast equal to 125% of the annualized premium. If at any point of time the fund value is less than the mortality and policy administration charge for the next month, the policy will be foreclosed by paying the fund value. partial withdrawal charges applicable. Refer the section on charges.
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STP helps in mitigating the risk arising from volatility in equity markets by averaging out your cost of purchase of units. STP allows policy holder to invest the portion of premium or Topûup premium(s) meant for Equity Fund initially into Gilt Fund. On the date of realization of the installment premium cheque, units will be allocated in the Gilt fund for the portion of premium meant for Equity Fund on each of the next four systematic transfer dates (7th, 14th, 21st & 28th of every month) one-fourth of the STP units will be transferred to the equity fund automatically. The selection or de-selection of STP can take place only on the policy anniversary. No furtherswitches are allowed during STP period in respect of the fund amount under STP option. Once STP option is selected it canÆt be cancelled in respect of the amount already lying in the STP fund.
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This option is available for existing policyholders of Reliance Life Insurance Company Ltd. after completion of 3 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 any anotherplan of Reliance Life Insurance Company Ltd., having exchange options facility at a reduced allocation charge. This option must be exercised at least 30 days before the receipt of benefit under the policy.
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Life Balanced Fund 1
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Life Corporate Bond Fund 1
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Life Energy Fund 1
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Life Equity Fund 2
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Life Gilt Fund 1
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Life Infrastructure Fund 1
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Life Midcap Fund 1
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Life Money Market Fund 1
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Life Pure Equity Fund 1
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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 Corporate Bond Fund 1
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Money Market instruments
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0% - 100%
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Corporate Bonds
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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 2
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Equity
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0% - 100%
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Life Gilt Fund 1
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Central Government Securities
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0% - 100%
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Other Government Securities
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0% - 40%
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Money Market Instruments
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0% - 100%
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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 Money Market Fund 1
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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 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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Life Balanced Fund 1
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17-May-13
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20.4622
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Life Corporate Bond Fund 1
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17-May-13
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15.5042
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Life Energy Fund 1
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17-May-13
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10.4117
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Life Equity Fund 2
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17-May-13
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14.0875
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Life Gilt Fund 1
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17-May-13
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14.168
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Life Infrastructure Fund 1
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17-May-13
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6.6802
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Life Midcap Fund 1
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17-May-13
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11.2675
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Life Money Market Fund 1
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17-May-13
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14.6651
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Life Pure Equity Fund 1
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17-May-13
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13.5962
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Life Balanced Fund 1
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Life Corporate Bond Fund 1
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Life Energy Fund 1
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Life Equity Fund 2
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Life Gilt Fund 1
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Life Infrastructure Fund 1
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Life Midcap Fund 1
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Life Money Market Fund 1
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Life 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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