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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 Total Investment Plan Series I - Insurance
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Plan Nature
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ULIP
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Plan Category
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Savings & Investment Plan
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UIN No.
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121L029V01
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About Plan
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with the Reliance TIPS-I - Insurance, Unit Linked Investment + Insurance Plan you can meet all your financial needs, without the complexity of managing multiple products. This is a Single premium unit linked savings life insurance plan with options to purchase the same plan with reduced allocation charges in subsequent policy years.. Since more premium is allocated towards investment due to lower allocation charges on subsequent purchases, greater would be the returns.
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Minimum Entry Age
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18 years
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Maximum Entry Age
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64 Years
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Minimum Maturity Age
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28 years
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Maximum Maturity Age
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70 years
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Minimum Premium
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Rs 25000
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Maximum Premium
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No limit
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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 Fund Value relating to the basic policy and Top-up Premiums will be paid. The Policy terminates on payment of maturity benefit.
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Death Benefits
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In the event of death of the life assured before the 60th birthday. The higher of Sum Assured less all partial withdrawals made from the basic policy fund during the 24 months prior to the date of death and the Fund Value relating to the basic policy as on the date of intimation of death will be paid.In the event of the death of the Life Assured on or after 60th birthday The higher of Sum Assured less all partial withdrawals made from thebasic policy fund during the 24 months before attaining 60thbirthday and all withdrawals made from the basic policy fund after attaining 60th birthday and the Fund Value relating to the basic policy as on the date of intimation of death will be paid.The Fund Value relating to Top-ups will also be paid in each of the above cases.The policy terminates on payment of the death benefit.Surrender and partial withdrawal from main planSurrender and partial withdrawal value under the policy isacquired immediately on payment of the Single Premium. However, it is payable only after completion of three policy anniversaries.Whenever full surrender value of the basic plan is paid, the surrender value of any attaching Top-up Premium will also be paid even if period of three years is not elapsed from the date of payment of Top-up.The full surrender value and the partial withdrawal value under the basic plan is equal to the fund value. There is no surrender or partial withdrawal charge.3.4 Partial withdrawal from the Top-up PremiumThe partial withdrawal value is acquired immediately on the payment of Top-up Premium. However, it is payable only after the completion of three years from the date of payment of Top-up. This restriction of three year lock in period is not applicable in respect of Top-ups paid during the last three years of the policy.There is no surrender or partial withdrawal charges on Top-up.
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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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1st purchase would be called as Classic
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2nd purchase would be called as Silver
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3rd purchase would be called as Gold.
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4th purchase would be called as Diamond
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5th purchase would be called as Platinum
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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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21-May-13
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20.4273
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Life Corporate Bond Fund 1
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21-May-13
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15.5382
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Life Energy Fund 1
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21-May-13
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10.2236
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Life Equity Fund 2
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21-May-13
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13.8001
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Life Gilt Fund 1
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21-May-13
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14.228
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Life Infrastructure Fund 1
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21-May-13
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6.5646
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Life Midcap Fund 1
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21-May-13
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11.0583
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Life Money Market Fund 1
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21-May-13
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14.6775
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Life Pure Equity Fund 1
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21-May-13
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13.4439
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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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