PLANS AND RIDERS OF RELIANCE LIFE INSURANCE COMPANY

1. RELIANCE MONEY GURANTEE PLAN

Key benefits
· Basic Premium and top-up premium guarantee
Option to move your earning to safer fund whenever you want.
Readily available liquidity of funds
Options for additional cover available through riders
Key features
· Capital guarantee is available on both the basic premium as well as on top up premium.
· A unit linked insurance plan
· First of its kind return shield option to move your earning to
Safer fund.
· Choices of invest from 3 pre packaged investment fund option.
· Option to package with accidental Death & Disability and
Insurance riders.

2. RELIANCE ENDOWMENT PLAN

It takes a lot for a dream to become a reality. And money is surely one of them. Reliance Endowment Plan gives you just the financial independence to realize your dreams in the future. It lets you decide how much you would like to set as your sum assured based on your current financial position and your expected future expenses.
Key Features
On maturity receive Sum Assured plus bonuses.
Wealth creation through bonus additions.
More value for your money by way of High Sum Assured Rebate
Increase your insurance protection by adding Term Cover.
Choose to pay regular or single premium.
Choose to add the benefit of two riders - Critical Illness Rider and Accidental Death Benefit & Total and Permanent Disablement Rider.
Choose to avail of a Policy Loan after three full years’ of premium payment.

BenefitsMaturity Benefit: On maturity you get Sum Assured plus accumulated bonuses (if any) till that date.
Life Cover Benefit: In the unfortunate event of loss of life, your family will receive the Sum Assured plus accumulated bonuses (if any) till that date.
Rider Benefit: You also have the option to add three additional benefits to customize the Policy as per your needs for the regular premium plan
Term Life Insurance Benefit Rider
Accidental Death Benefit & Total and Permanent Disablement Rider
Critical Illness Rider

3. RELIANCE SPECIAL ENDOWMENT PLAN
Reliance Special Endowment Plan is key to all your financial needs. You get a desired lump sum after a specified period, however your life insurance protection continues for an extended period. If anything were to happen to you, your beneficiary will get another sum assured along with the bonuses. The policy comes with an added feature of a limited premium term, which is always 5 years less than the policy term.
Key Features
Twin benefit of protection and savings.
Sum Assured is paid on survival, at the end of the premium paying term Life Cover for full Sum Assured continues beyond premium paying term Extended Life Cover for 5 years after premium paying term .
Wealth creation through bonus additions.
More value for your money by way of High Sum Assured Rebate
Choose to add the benefit of two riders – Critical Illness Rider and Accidental Death Benefit & Total and Permanent Disablement Riders.
Choose to avail of a Policy Loan available after 3 full years’ of premium payment.
Policy participates in profits even after premium paying term.

BenefitsSurvival Benefit: On survival at the end of the premium paying term you get the Sum Assured.
Maturity Benefit: On survival to maturity you get accumulated bonuses.
Life Cover Benefit: Your Beneficiary will get Sum Assured plus accumulated bonuses in case of your unfortunate death at any time during the Policy term. This life cover benefit continues even after the payout of Sum Assured after premium paying term.
Rider Benefit: You also have the option to add 2 additional benefits to customize the Policy as per your needs
Accidental Death Benefit & Total and Permanent Disablement Rider
Critical Illness Rider
4. RELIANCE CASH FLOW PLAN
While most insurance plans block your money for a certain period of time, Reliance Cash Flow Plan gives you the double benefit of life insurance along with easy liquidity through lump sum cash. It provides money periodically when you need it.
It lets you live life to the fullest today and at the same time, helps you stay protected for tomorrow by giving you the flexibility of receiving a specified percentage of the Sum Assured at specified intervals.
Key Feature
Easy Liquidity - Get periodic cash flows at the end of the fourth year and thereafter at the end of every three years.
Wealth creation through bonus additions.
On maturity receive accumulated bonuses along with final lump sum payout.
More value for your money by way of High Sum Assured Rebate
Full Sum Assured plus bonuses in case of your unfortunate death. This is over and above the Survival Benefits already paid
Option to add two riders – Critical Illness Rider and Accidental Death Benefit & Total and Permanent Disablement Riders.
BenefitsSurvival Benefit: Get a percentage of the Sum Assured on the fourth anniversary and on every third Policy Anniversary till maturity.
Maturity Benefit: On maturity you get the remaining percentage of the Sum Assured plus accumulated bonuses.
Life Cover Benefit: In the unfortunate event of loss of life, your Beneficiary will receive the full Sum Assured plus accumulated bonuses till that date.
Rider Benefit: You also have the option to add two additional benefits to customize the Policy as per your needs:
Accidental Death Benefit & Total and Permanent Disablement Rider.
Critical Illness Ride
5. RELIANCE CHILD PLAN
As a parent, it is only natural to dream of a smooth and blissful life for your child. This is exactly why you need to secure your child’s tomorrow, today. Reliance Child Plan helps you save systematically so that you can give your child the much-needed financial security in the future. Simply put, Reliance Child Plan gives you the freedom to enjoy every moment with your child today, without worrying about his/her tomorrow.
Key Features
Risk protection for you during the term of the Policy.
Accumulated bonus at the end of the Policy Term.
25% of Sum Assured payable every year as lump sum benefit during the last four Policy anniversaries.
All future premiums are waived in the event of unfortunate loss of life.
Guaranteed Fixed Benefits continue even after loss of life of the Policyholder.
More value for your money by way of High Sum Assured Rebate
Choose to add the benefit of two riders – Critical Illness Rider and Accidental Death Benefit & Accidental Death Benefit & Total and Permanent Disablement Rider.
Policy participates in profit even after the loss of life of the Life Assured
BenefitsLife Cover Benefit: In the unfortunate event of loss of life, your Beneficiary will receive the Sum Assured immediately and all future premiums will be waived.
Guaranteed Fixed Benefit: Get 25% of Sum Assured every year on the last four Policy Anniversaries irrespective of the survival of the Life Assured.
For example if you have taken a Policy for Rs 1 lakh for 20 years, then fixed benefits payable will be Rs 25,000 each at the end of 17th, 18th, 19th and 20th year.
Maturity Benefit: On maturity you get accumulated bonuses irrespective of the survival of the Life Assured.
Rider Benefit: You also have the option to add two additional benefits to customize the policy as per your needs.
Accidental Death Benefit & Total and Permanent Disablement Rider
Critical Illness Rider

6. RELIANCE MARKET RETURN PLAN

You have always aspired for the best in life. And we help you achieve just that. With Reliance Market Return plan you can have the twin advantage of insurance protection as well as reaping the benefits of investment growth. It is a flexible plan which works all through your life and meets the changing requirements like additional protection, liquidity through cash, option to invest in different asset class, steady golden years and many more.
Key Features – Reliance Market Return Plan:
Twin benefit of market linked return and insurance protection
A Unit Linked Plan, different form traditional Life Insurance products, with maximum maturity age of 80 years
Option to create your own portfolio depending on your risk appetite
Choose from 4 different investment funds
Flexibility to switch between funds
Option to pay regular as well as single premium & Top-ups
Option to package with Accidental riders
Flexibility to increase the Sum Assured
Liquidity through partial withdrawals

BenefitsLife Cover Benefit: You can choose the basic Sum Assured within the minimum and maximum levels mentioned below
Minimum Sum Assured:
Regular Premium: Annualized Premium for 5 years or for half the Policy term
Single Premium: 125% of the single premium
Maximum Sum Assured: No Limit (Rs. 500,000 for age up to 12 years)
In case of unfortunate loss of life, your Beneficiary will get sum Assured or Unit Account Value whichever is higher.
Maturity Benefit: On survival, at maturity the value of your Unit Account will be paid out.

7. RELIANCE TERM PLAN

Life, as we know, is full of uncertainties. And to keep ahead of them, you need to plan ahead. Reliance Term Plan is a pure life insurance plan that offers you comprehensive and affordable coverage for a limited period of time to suit your needs.
Key Features
Get higher insurance protection at economical rates
Optional accidental & disability rider to enhance protection
Economical way to protect your family against financial liabilities like loss of income and outstanding loans etc.
Discount on premium rates for women
Suitable for business owners who want to cover the life of their key employees
BenefitsLife Cover Benefit: In the unfortunate event of loss of life, your beneficiary will receive the Sum Assured.
Maturity Benefit: There is no Maturity Benefit payable under this Policy.
Rider Benefit: You also have the option to add Accidental Death Benefit and Total and Permanent Disablement Rider
8. AUTOMATIC INVESTMENT PLAN ( NEW PLAN LAUNCH ON 9TH MAY 2007)

The Key benefits of Reliance Automatic Investment Plan are as follows:

A smart plan which adapts to your changing risk profile with increasing age
Option to lower the average cost of units through systematic transfer of your funds
Flexibility to switch between funds and plans
Options for additional Insurance cover available through riders
Key Features Reliance Automatic Investment Plan
Two plan options to choose from Ready-made and Tailor-made
Life Stage asset allocation to ensure automatic change in investment patterns, under the Ready-made Plan option
Freedom to decide your own fund mix based on your risk profile under the Tailor-made Plan
Regular, limited, single premium paying options
Unmatched flexibility through our ‘Exchange Option’
Liquidity in the form of partial withdrawal
Option to avail of Accidental Death Benefit, Accidental Total, Premium Disability and Term Insurance riders
RIDERS

Riders are the additional benefits that you may buy and add to you policy. The additional of riders helps you to customize the RELIANCE LIFE INSURANCE solution to match your present and future needs.
1. Accidental Death and Dismemberment Rider.
2. Term Rider
3. Critical Illness Rider

1. Accidental Death and Dismemberment Rider
1 .100% of the coverage. Face amount paid in case of death due to accident
2. 100% of the coverage amount paid in case of loss of more than one limb or sight in both eyes or loss of one limb sight in one eye.
3. 50% of the coverage face amount is paid in case of one limb or sight in one eye.
4. The rider coverage terminate once we pay all or part of the coverage face amount

EXCLUSIONS:

The Rider will not be payable if death or dismemberment results from or is accelerated by:
i. Suicide or self flitted injury whether the life insured is medically sane or insane.
ii. War terrorism, invasion, act of foreign enemy hostilities (whether war be declared or not) civil war, material law revolution insurrection, riot or civil commotion war means any war whether declared or not.
iii. Service in the armed forces, or any policy organization of any country at war or service in any force of an international body.
iv. Committing an assault, a criminal offence, an illegal creativity or any breach of law.
v. Taking or absorbing accidentally or otherwise any intoxicating liquor, drug, narcotic, medicine, sedative or poison, expect as prescribed by a licensed doctor other than the owner of this policy or life insured.
vi. Inhaling any gas or fumes accidentally or otherwise except accidentally in course of daily.
vii. Body or mental infirmity or any disease.
viii. Participating in aviation other than as a fare paying passenger in an air craft which is authorized by the relevant regulation to carry passenger between established aerodromes.


Term Rider

Benefit

Provide for payment of the coverage face amount event of death of the life
Insured.

Exclusion

Death due to suicide in the first twelve months of coverage.

b. Critical Illness Rider

Benefit

1. Loving amount is paid. If the life insured is diagnosed to is suffering from any of the 4 illness specified.
2. The life insured survives the specified illness for a period of least 30 days from the date of diagnosis