Group Savings Linked Insurance plan

Group Savings Linked Insurance plan:-

FEATURE:-

The people working in the metropolitan cities, occupied as they are in their day to-day activities where inflation is inevitable, find difficult to provide adequate security for their families, Individual insurance with high premium in fact does not provide adequate insurance protection. Their need for insurance protection during service coupled with adequate savings for carefree retired life remains unfulfilled. Keeping this in mind, LIC has come out with an attractive insurance scheme viz. Group Savings Linked Insurance scheme at a very low cost. Central Government has a similar scheme with minor modifications. Semi-Government Organisations, Public Sector Organisations and also Large private business houses and industrial enterprises have introduced this scheme, the salient features of which are as under:


I) OBJECTIVES OF THE SCHEME:

• Protection at low cost without individual evidence of health.
  
• Attractive returns on savings to meet post retirement needs.
  
• Simple procedures for granting life cover to large groups under one umbrella.

II) INTRODUCTION OF THE SCHEME:

a) The Scheme can be introduced by employers provided certain percentage of employees is willing to join the Scheme.

b) For the new entrants to the Company, the membership of the Scheme is compulsory.

III) PREMIA:

contact foe insurance:- sanjay tomer

                                       09466423767


VII) TAX BENEFITS:Employees' total contribution, savings as well as risk premium is entitled for income-tax rebate under Sec. 80C of the Income Tax Act. The entire claim amount including interest earned payable on retirement or leaving service or on death is free from income-tax. The premium paid by the employer towards insurance cover is treated as business expenses

It is decided on the basis of Group size and the occupation of the group.Premium has two components i.e. Risk Premium and Savings Premium.Risk Premium is utilized to offer life cover and the Savings Premium is accumulated in members account.


IV) ACCIDENT BENEFIT:

Double accident benefit can be allowed to the extent of the Sum Assured for an extra Premium.


V) INTEREST ON SAVINGS:
The present rate of interest allowed on saving portion of premium is 8% compounding yearly.


VI) ELIGIBILITY TO JOIN THE SCHEME:
Any employee irrespective of his present state of health is eligible to join the scheme subject to certain conditions. The only insurability condition is that the employee should not be absent on medical ground on the date of commencement of the scheme. All employees who have not crossed the retirement age are eligible to join the scheme. All future employees have to join the scheme compulsorily.

Group Term Insurance Plan (EDLI)

Group Term Insurance Plan (EDLI):-

FEATURE:-

All establishments with at least ten full time permanent employees and to whom the Employee’s Provident Fund and the Miscellaneous Provisions Act 1952, applies, have a statutory liability to subscribe to the Employee’s Deposit Linked Insurance Scheme (EDLI), to provide life insurance cover for all the employees.
Under EDLI (as amended with effect from 24 th june,2000 ) the benefit is equal of the average balance of the credit of the deceased employee in the provident fund during the last 12 months, provided that where such balances exceeds `35,000 ,the insurances cover is equal to `35,000 plus 25% Of the amount over ` 35,000 subject to a maximum of `60,000.
Thus if the length of service is not adequate and/or the salary is low, the average balance may be much less and the benefit to the employee’s family is very little.

So what does it mean?

Using the example of an employee earning `10,000 as basic salary per month, the PF contribution is Rs 2,400 per month (1,200 from employer +1,200 from employee). The average balance in the last 12 months therefore would be Rs 15,600 [i.e.(2400x1+2400x2+2400x3+……+2400x12)/12]
Thus this employee’s family on his death would receive `15,600 as the EDLI benefit for the premium of Rs .600 (0.5% of this basic salary) paid towards it in the last 12 months, assuming the salary has not changed in the same period.
Reliance Life Insurance Group Term Life In Lieu of EDLI
Under Section 17(2A)of the act, the Employer may be exempt from contributing to this scheme, if he/she has provided for better insurances benefits than the cover offered by the Employee Provident Fund Organization (EPFO) through a life insurer. Reliance Life Insurance Group Term Life in Lieu of EDLI has been approved by the Central Employee Provident Fund Organization as a better alternative.
The benefit we provide under this scheme is a minimum of `62,000 and a maximum of `1,50,000.
A Double Accident Benefit rider can also be provided .

	Disclaimer
	UIN for Reliance Group Term Insurance Plan (EDLI) - 121N006V01. contact for insurance:- sanjay tomer                                       09466423767

Reliance Group Term Assurance Plan

Reliance Group Term Assurance Plan:-

FEATURE:-

Providing your people with total cover for Life, Accident and Disablement
Indian lifestyles have changed significantly in recent years.
Several of your employees probably own a home and are paying mortgages. They could also have loans to repay for their car or bike.
Your employee’s most valuable asset is not their house or their car. It is in fact their health and their ability to earn an income to be able to service this lifestyle.
To protect their assets, their families and themselves against accident, illness or untimely death, your employees need life insurance cover of at least three to five times their annual salary.
As a caring employer you can provide life insurance benefits to your employees at a low cost due to group buying power and also no medical underwriting is required up to the Free Cover Limit. (Based on the characteristics of each group, we establish a limit up to which Life Insurance cover is provided without any medical underwriting required).

	Disclaimer
	UIN for Reliance Group Term Assurance Plan - 121N006V01 contact for insyrance:- sanjay tomer                                       09466423767

Reliance Group Credit Shield Plan

Reliance Group Credit Shield Plan:-

FEATURE:-

Reliance Group Credit Shield Plan
This is a traditional, Single Premium, non participating Group Term Insurance Plan with reducing death benefit with flexibility to ensure that the financial interest of the Lending Institution is protected in the event of any misfortunes affecting the life insured/members (borrowers). This plan provides peace of mind to your group members & their families at a very attractive cost.

UIN for Reliance Group Credit Shield Plan - 121N032V01

contact for insurance:- sanjay tomer
                                      09466423767

Reliance Jan Samriddhi Plan

Reliance Jan Samriddhi Plan:-

FEATURE:-

Reliance Jan Samriddhi Insurance Plan is a low cost life insurance cum savings plan providing benefits on death and on survival. This plan is specially designed to facilitate and encourage long term savings with extremely affordable premium amounts to be invested and get periodic returns, while enjoying insurance protection. It also offers inbuilt accidental cover against financial losses arising out of life’s adversities like accidental death.

What are the Key Features – Reliance Jan Samriddhi Plan?
	Facilitate and Encourage long term savings to earn periodic returns.
	Extremely affordable premium installment amounts
	Life cover to protect the family against financial liabilities like loss of income, outstanding loans, etc.
	Extra Protection on Accidental Death – Double the face amount, at no extra premium.
	Convenient and Hassle free enrolment.

Which target segment is the plan best suited for?
Any Group i.e. Employers/Associations/Co-operatives/Micro Finance Institutions (MFI) etc., Affinity, Agricultural laborers, Small and Medium Scale Farmers, Village Craftsmen and Cottage Industry employees amongst others can be offered this plan to reap the twin benefits of protection and savings.

	Disclaimer
	For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale
	UIN for Reliance Jan Samriddhi Plan:121N044V01 contact for insurance:- sanjay tomer                                       09466423767

Reliance Group Gratuity Plan

Reliance Group Gratuity Plan:-

FEATURE:-

In this policy, the investment risk in investment portfolio is borne by the policy holder

The Indian Government introduced the Payment of Gratuity Act in 1972. Generally gratuity accrues at a rate of 15 days last drawn salary per year of service for each employee or as defined by the trust deeds. Gratuity is payable immediately on cessation of employment, provided the employee has continuous service of at least five years. The five year provision does not apply on death or disablement of the employee. Gratuity, by nature is a medium to long-term liability of the employer and accordingly an appropriate medium- to long-term investment strategy should be adopted by the trustees to match assets and liabilities.
Liability for your employees' gratuity is often the trickiest thing to forecast accurately and manage well. While doing so you may come across some pertinent questions: What is my true liability for employees' gratuity? How do I manage this liability? Am I maximizing my potential tax benefit? Am I rewarding my most valuable employees adequately? Am I matching long-term liabilities under Gratuity with my investment strategy? Are my Gratuity assets professionally managed?
We at Reliance Life Insurance Company Limited can be of help to find answers to most of these very relevant questions. We can assist you to meet your obligations under the Payment of Gratuity Act while providing innovative solutions and delivering long-term results for your investment through our Reliance Group Gratuity Plan. You can also transfer your existing gratuity liability managed under some other funds to Reliance Life Insurance Company Limited Life.

Reliance Group Gratuity Plan

This is a unit linked group Gratuity product with fifteen different fund options, namely Capital Secure Fund, Growth Fund, Balanced Fund, Super Growth Fund, Growth Plus Fund, High Growth Fund, Pure Debt Fund, Money Market Fund, Corporate Bond Fund, Gilt Fund, Equity Fund, Infrastructure Fund, Energy Fund, Mid Cap Fund and Pure Equity Fund.
It enables employers / trustees with more than 20 employees to outsource the management of their employees' Gratuity Funds and the related administration to Reliance Life Insurance Company Limited.

	Disclaimer
	For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale
	UIN for Reliance Group Gratuity Plan: 121L011V01 contact for insurance:- sanjay tomer                                       09466423767

Reliance Group Superannuation Plan

Reliance Group Superannuation Plan:-

FEATURE:-

In this policy, the investment risk in investment portfolio is borne by the policy holder

Ensure a truly comfortable retirement option for your entire corporate family.
As an employer you currently contribute 12% of each employee's salary into the Employees Provident Fund scheme. But is it sufficient to provide an adequate retirement income for your employees?
The answer to this question is unfortunately NO.
Why? There are two main reasons.
Firstly employees have the option to withdraw assets from the Provident Fund on a regular basis to meet ongoing lifestyle expenses. Most of your employees will reach retirement age with an inadequate balance to purchase an income stream to provide them a reasonable income on retirement.
The second reason is that employees are now retiring younger but are living longer. Therefore the capital they need to buy an income stream is much greater than ever before, and this increase in life expectancy will continue to grow making this gap even greater.

	Disclaimer
	For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale
	UIN for Reliance Group Superannuation Plan - 121L021V01 contact for insurance:- sanjay tomer                                        09466423767

Reliance Super Golden Years Plan – Plus

Reliance Super Golden Years Plan – Plus:-

FEATURE:-

After retiring from the life of work and schedule the days are to slow down and spend as much time possible with family. But retirement plan is not only about living a stress free life. Along with the rest also come the tensions and worries of money and operating expense. To make the retired life stress free it is very necessary to plan for the retired life from the present. The Reliance Super Golden Years Plan – Plus: Savings and Investment Plan has brought the key for the retired time. This plan allows saving in a systematic way building up the much needed corpus to make the future years golden and gorgeous. This policy ensures a basic amount collected and assures security before anything happens to the insured person.

The key features of Reliance Super Golden Years Plan – Plus: Savings and Investment Plan are as follows:

• This Reliance Life Insurance plan is a flexible unit linked pension product.
• The minimum vesting age of the policy is 45 years and the utmost vesting age of the policy is 65 years.
• This policy allows systematical investment and secures the golden years.
• Savings and Investment Plan has 8 similar investment funds to select from.
• The flexibility to advance the vesting age is available in this plan.
• The options to decide between funds are also available under this policy.
• Savings and Investment Plan has tax free commutation of up to 1/3 of fund value at vesting age.

Optional Reliance Term Life Insurance Benefit Rider, Reliance Accidental Death and Total and Permanent Disablement Rider, Reliance Major Surgical Benefit Rider, Reliance Critical Conditions (25) Rider is as well available under this pension plan.

contact for insurance:- sankay tomer

                                       09466423767

Reliance Super Market Return Plan

Reliance Super Market Return Plan:-

FEATURE:-

15 day free look period

In case the Policyholder disagrees with any of the terms and conditions of the policy, he may return the policy to the Company within 15 days of its receipt for cancellation, stating his/her objections in which case the company will refund an amount equal to the non allocated premium plus the charges levied by cancellation of units plus fund value as on the date of cancellation, less the proportionate premium for the period the company has been on risk and the expenses incurred by the company on medical examination and stamp duty charges.

Prohibition of Rebate: Section 41 of the Insurance Act, 1938 states:

1) No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out or renew or continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on the Policy, nor shall any person taking out or renewing or continuing a Policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectuses or tables of the insurer. Provided that acceptance by an insurance agent of commission in connection with a policy of life insurance taken out by himself on his own life shall not be deemed to be acceptance of a rebate of premium within the meaning of this sub-section if at the time of such acceptance the insurance agent satisfies the prescribed conditions establishing that he is a bona fide insurance agent employed by the insurer.
2) Any person making default in complying with the provisions of this section shall be punishable with a fine which may extend to five hundred rupees.

Section 45: Policy not to be called in question on ground of mis-statement after two years

1) No policy of life insurance effected before the commencement of this Act shall after the expiry of two years from the date of commencement of this Act and no policy of life insurance effected after the coming into force of this Act shall, after the expiry of two years from the date on which it was effected be called in question by an insurer on the ground that statement made in the proposal or in any report of a medical officer, or referee, or friend of the insured, or in any other document leading to the issue of the policy, was inaccurate or false, unless the insurer shows that such statement was on a material matter or suppressed facts which it was material to disclose and that it was fraudulently made by the policy-holder and that the policy-holder knew at the time of making it that the statement was false or that it suppressed facts which it was material to disclose:
2) Provided that nothing in this section shall prevent the insurer from calling for proof of age at any time if he is entitled to do so, and no policy shall be deemed to be called in question merely because the terms of the policy are adjusted on subsequent proof that the age of the life insured was incorrectly stated in the proposal.
Reliance Life Insurance is a fully licensed Life Assurance Company registered with the Insurance Regulatory & Development Authority (IRDA). Registration No: 121.

How safe is your investment?

Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the following risk factors.

1. The premium paid in unit linked insurance policies are subject to investment risks associated with capital markets and NAVs of the units may go up or down based on the performance of the fund and factors influencing the capital markets and the policyholder is responsible for his/her decisions.
2. “Reliance Life Insurance Company Limited” is the name of the company and “Reliance Super Market Return Plan” is only the name of the policy and does not in any way indicate the quality of the policy, its future prospects or returns.
3. The names of the Fund Option(s) do not in any manner indicate the quality of the Fund Option(s) or their future prospects or returns. The Fund Option(s) do not offer any guarantee or assure any guaranteed return;
4. Investments in Units are subject to market and other risks. Investment risk in investment portfolio is borne by the Policyholder. There is no assurance that the objectives of the Fund Option shall be achieved;
5. The Unit Price of the Units may fluctuate depending on factors and forces affecting the capital markets and the level of interest rates prevailing in the market;
6. Past performance of the Fund Options is not indicative of future performance of any of those Funds.
7. All Benefits payable under this Policy are subject to tax laws and other fiscal enactments in effect from time to time.
8. The Company reserves the right to suspend the Allocation, reallocation, cancellation and/or Switching of Units under extraordinary circumstances such as extreme volatility of assets, extended suspension of trading on stock exchange, natural calamities, riots and other similar events or force majeure circumstances.

	Disclaimer
	For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale
	UIN for Reliance Super Market Return Plan: 121L035V01, Reliance Major Surgical Benefit Rider: 121B011V01, Reliance Critical Conditions (25) Rider: 121B010V01, Reliance Term Life Insurance Benefit Rider: 121C009V01, Reliance Accidental Death & Total and Permanent Disablement Rider: 121C002V01,

contact for insurance:- sanjay tomer
                                      09466423767

Reliance Super InvestAssure Plan

Reliance Super InvestAssure Plan:-

FEATURE:-

UNDER THIS PLAN THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.

You have always aspired for the best in life. And we help you achieve that.
Here’s a unique plan which combines protection and savings. It also offers complete flexibility to gain control over your investments vis-à-vis your financial needs and risk appetite.

We value your regular investments and thus reward you with guaranteed additions thus promising unmatched benefits. 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.

A plan that promises you, what you ought to deserve as you reach greater heights in life. What more can you ask for except gifting yourself with Reliance Super InvestAssure Plan.

Key features – Reliance Super InvestAssure Plan
	Twin benefit of market linked return and insurance protection.
	Guaranteed additions at the rate of 50% of your first year’s 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 options.
	Option to pay Top-up premium(s).
	Liquidity in the form of partial withdrawals.
	A host of optional rider benefits to enhance protection cover.

	Disclaimer
	For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale
	Insurance is the subject matter of the solicitation. Reliance Life Insurance Company Limited ( Regd. No. 121 )
	UIN for Reliance Super InvestAssure Plan: 121L031V01 , Reliance Major Surgical Benefit Rider: 121B011V01, Reliance Critical Conditions (25) Rider: 121B010V01, Reliance Term Life Insurance Benefit Rider: 121C009V01, Reliance Accidental Death & Total & Permanent Disablement Rider:121C002V01 contact for insurance:- sanjay tomer                                        09466423767

Reliance Connect 2 Life Plan

Reliance Connect 2 Life Plan:-

FEATURE:-

Welcome to Reliance Life
Reliance Connect 2 Life Plan helps you build security & savings for a better tomorrow.
As your income is likely to grow, you should also ensure that you have sufficient protection for your near and dear ones. Reliance Connect 2 Life Plan ensures that you have the option to upgrade your life cover to keep pace with your changing lifestyle.

Key Features
Basic Benefits : Each Reliance Connect 2 Life Plan you purchase pays out the following benefits:
	Maturity Benefits: On survival of the life assured until maturity, the Plan pays the sum assured plus simple vested bonuses to the policyholder.
	Death Benefit: In case of unfortunate death of the life assured before the maturity date, the Plan pays the sum assured plus simple vested bonuses to the nominee.
Choice of two plans: At the time of initial purchase of Reliance Connect 2 Life Policy, you have two kinds of plans to choose from namely, Gold Plan and Silver Plan.
	The Reliance Connect 2 Life Gold Plan offers a life cover of ` 2,00,000 initially. You may enhance your life cover to a maximum of ` 10,00,000 in two stages by exercising your option..
	The Reliance Connect 2 Life Silver Plan offers a relatively lower life cover `1,00,000 initially. You may enhance your life cover to a maximum of ` 5,00,000 in two stages by exercising your option.
Options to enhance life cover:Under each of the above two plans, you have an option to enhance your life cover amount.
	At the end of one year from the date of initial purchase of Reliance Connect 2 Life Gold / Silver Plan, you are entitled to enhance your life cover by exercising your option to purchase an additional Reliance Connect 2 Life Policy.
	Provided you have exercised your option to enhance life cover at the end of the first year, you are entitled to enhance your life cover again at the end of the second year by purchasing an additional Reliance Connect 2 Life Policy.

	Disclaimer
	For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale
	UIN For Reliance Connect 2 Life Plan: 121N019V01

contact for insurance:- sanjay tomer
                                       09466423767

Reliance Endowment life Plan

Reliance Endowment life Plan:-

FEATURE:-

Welcome to Reliance Life
It takes a lot for a dream to become a reality. And money is surely an important part of it.
Reliance Endowment Plan gives you just the financial independence to realise 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.
So, go ahead... dream!!.

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
	Choose to add the Benefit of three Riders-Reliance Term Life Insurance Benefit Rider, Reliance Critical Conditions Rider and Reliance Accidental Death and Total and Permanent Disablement Rider
	Choose to avail of Policy Loan after three years

	Disclaimer
	For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale
	UIN for, Reliance Endowment Plan (Regular): 121N018V01, Reliance Term Insurance Benefit Rider: 121C009V01, Reliance Critical Conditions Rider: 121B003V01, Reliance Accidental Death and Total and Permanent Disablement Rider: 121C002V01

contact for insurance:- sanjay tomer
                                       09466423767