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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 Whole Life Plan
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Plan Nature
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TRADITIONAL
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Plan Category
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Savings(Endowment)
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UIN No.
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121N004V01
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About Plan
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As a loving person you want to be rest assured that your family will be happy, even if something were to happen to you. With Reliance Whole Life Plan you can be sure that your family will receive that timely financial support they need. Go ahead, live your today to the fullest, without a worry about tomorrow.
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Minimum Entry Age
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5 years
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Maximum Entry Age
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40 Years
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Minimum Entry Age
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20 Years
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Maximum Entry Age
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60 years
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Minimum Maturity Age
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85 years
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Maximum Maturity Age
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99 years
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Minimum Sum Assured
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Rs 25000
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Benefits
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| Particulars | Description |
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Maturity Benefits
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On attaining age 85 you get Sum Assured plus accumulated bonuses.
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Death Benefits
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In the unfortunate event of loss of life, your beneficiary will receive the Sum Assured plus accumulated bonuses till that date.
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Surrender Benefit
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If your Policy has accumulated any bonuses, then you will also receive the cash value of that total amount upon surrendering your Policy.
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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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Critical Conditions Rider [121B003V01]
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Get Sum Assured plus bonuses in case of your unfortunate death
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Insurance protection till age 85Choice of extending your insurance coverage till age 99Convenient Premium Payment TermWealth creation through bonus additionsMore value for your money by way of High Sum Assured RebateGet Sum Assured plus Bonuses in case of your unfortunate deathPolicy Loan available after three full years premium payment
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On attaining age 85 you get Sum Assured plus accumulated bonuses.
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In the unfortunate event of loss of life, your beneficiary will receive the Sum Assured plus accumulated bonuses till that date.
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You also have the option to add two additional Benefits to customise the Policy as per your needs. A. Accidental Death Benefit and Total and Permanent Disablement RiderB. Critical Illness Rider
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These Riders may be attached to your Policy at the beginning or at any Policy Anniversary during the term of the Contract, subject to underwriting conditions prevailing at that time.
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Reliance Whole Life Plan offers an attractive premium discount for Sum Assured over and above 99,999.
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Yes, you can take loan against your Policy. The Policy Loan can be up to a maximum of 90% of the Surrender Value of the Policy at the time of taking the loan based on the terms and conditions at that time. This facility is available after three full years premium payment.
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If the Life Assured becomes totally and permanently disabled, then Reliance Life Insurance will waive all future premiums under the basic Policy and Riders up to a limit of Rs 40,000 p. a.
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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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