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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 Plus Plan
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Plan Nature
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ULIP
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Plan Category
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Protection Plan
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UIN No.
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121L040V01
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About Plan
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Reliance Super InvestAssure Plus Plan, is an ultimate investment plan that offers the benefit of life insurance cover along with flexible investment options. This Regular Premium unit linked insurance plan also offers additional allocation of units every year to enhance your investment. Thus you can enjoy potentially higher returns without compromising on the security of your family.It also offers a host of additional rider benefits to provide you additional protection.
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Minimum Entry Age
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30Days
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Maximum Entry Age
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60Yrs
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Minimum Policy Term
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10Yrs
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Maximum Policy Term
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30Yrs
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Minimum Maturity Age
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10 Years last birthday
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Maximum Maturity Age
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75 Years last birthday
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Minimum Premium
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Rs. 20,000 - Minimum Yearly modeRs. 10,000 - Minimum Half-yearly modeRs. 5,000 - Minimum Quarterly modeRs. 2,000 - 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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Annualised Premium for Five Years
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Maximum Sum Assured
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0 to 40 - 30 times of Annualised Premium41 to 45 - 20 times of Annualised Premium46 to 50 - 15 times of Annualised Premium51 to 55 - 10 times of Annualised Premium56 to 60 - 5 times of Annualised Premium
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Benefits
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| Particulars | Description |
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Death Benefits
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On death before 12th birthday - The death benefit will be the fund value relating to basic policy as on the date of receipt of intimation of death.On death after 12th birthday but before 60th birthday - Deathbenefit will be higher of sum assured less all partial withdrawals made from the basic policy fund in the last 24 months prior to date of death and fund value relating to basic policy as on the date of receipt of intimation of death.On death on or after 60th birthday - Death benefit will be higher of sum assured less all partial withdrawals made from the basic policy fund within 24 months before 60th birthday and all the withdrawals made from the basic policy fund after 60th birthday and the fund value relating to the base policy as on date of receipt of intimation of death.
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Survival Benefit
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On survival of the life assured to maturity, the total fund value shall be paid. The policy terminates on payment of maturity benefit.
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Partial Withdrawal Benefit
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Partial withdrawals are available after the completion of three policy anniversaries 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). The minimum amount of partial withdrawal that can be taken at any time during the policy term is Rs. 5000 and the maximum partial withdrawal amount should not exceed 20% of the fund value at the time of withdrawal. The minimum amount of partial withdrawal that can be taken at any time during the policy term is Rs. 5000 and the maximum partial withdrawal amount should not exceed 20% of the fund value at the time of withdrawal.
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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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Guaranteed Addition of 2.5% of each year's Annualised Premium from fourth policy year at the end of every year.
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Reliance Super InvestAssure Plus Plan, is an ultimate investment plan that offers the benefit of life insurance cover along with flexible investment options.This Regular Premium unit linked insurance plan also offers additional allocation of units every year to enhance your investment. Thus you can enjoy potentially higher returns without compromising on the security of your family.
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Guaranteed Addition of 2.5% of each yearÆs Annualised Premium from fourth policy year at the end of every year.Choose any amount of sum assured desired for your life protection subject to the maximum limit.Investment opportunity into 8 pure investment fund options. Reduce your Annualised Premium from 2nd year to as low as Rs. 20,000.Reduce Annualised Premium with proportionate reduction in the sum assured.Option to pay Top-up Premium(s).Plan your maturity proceeds as per your financial requirement with Exchange and Settlement options.
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(A) If death of the life assured occurs before commencement of risk cover, Total fund value as on the date of intimation of death shall be paid.(B) If death of the life assured occurs after commencement of the risk cover# but before the 60th birthday, the higher of I or II shall be paid, whereI. Sum Assured (less all partial withdrawals made from the basic policy fund during the 24 months prior to the date of death). II. 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 shall be paid, whereI. Sum Assured (less all partial withdrawals made from the basic policy fund during the 24 months before attaining 60th birthday and all withdrawals made from the basic policy fund afterattaining 60th birthday).II. Total fund value as on the date of intimation of death. The policy terminates on payment of death benefit.For age of the Life assured less than six years last birthday, the risk cover commences from the policy anniversary falling on or immediately after 6th birthday of the life assured. For age of the Life assured equal to or more than six years last birthday but less than twelve years last birthday,the risk cover commences one year from the date of commencement of policy. For age of Life assured equal to or more than twelve years last birthday, the risk cover commences immediately.
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On survival of the life assured to maturity, the total fund value shall be paid. The policy terminates on payment of maturity benefit.
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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 each policy year. Unused free switches cannot be carried forward to a following year.
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The minimum Top-up is Rs. 2,500. However, the total Top-up Premiums at all times should not exceed 25% of the total Regular Premiums paid till that time. Top-up are accepted only when due Basic Premiums are paid up to date. Payment of top ups would not result in increase in the sum assured.
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Partial withdrawals are available after the completion of three policy anniversaries 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 shall not apply if Top-up Premium(s) are paid during the last three years before the maturity. The minimum amount of partial withdrawal that can be taken at any time during the policy term is Rs. 5000 and the maximum partial withdrawal amount should not exceed 20% of the fund value at the time of withdrawal. At any point of time during the policy term, theminimum fund balance after the partial withdrawal should be at least equal to 125% of the Annualised 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 shall 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 realisation of the Installment Premium cheque,units shall 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 and 28th of every month) one-fourth of the STP units shall be transferred to the equity fund automatically. The selection or de selection of STP can take place only on the policy anniversary. No further switches 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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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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23-May-13
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20.3103
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Life Corporate Bond Fund 1
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23-May-13
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15.5176
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Life Energy Fund 1
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23-May-13
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9.8329
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Life Equity Fund 2
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23-May-13
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13.4091
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Life Gilt Fund 1
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23-May-13
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14.2206
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Life Infrastructure Fund 1
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23-May-13
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6.2832
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Life Midcap Fund 1
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23-May-13
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10.8545
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Life Money Market Fund 1
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23-May-13
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14.6843
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Life Pure Equity Fund 1
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23-May-13
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13.1267
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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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