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Total Investment Plan I

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Total Investment Plan I Reliance Total Investment Plan Series I - Insurance total investment total flexibility. , " THIS PRODUCT HAS BEEN WITHDRAWN. IF YOU ARE AN EXISTING CUSTOMER YOU WOULD CONTINUE TO ENJOY YOUR AVAILABLE PRIVILEGES IN THE PRODUCT. " DATE OF WITHDRAWAL: 01 / 01 / 10 Reliance Total Investment Plan Series I - Insurance The journey of life, even though it may seem simple, comes with its own twist and turns, some good, some unfortunate. And along with these moments come new dreams. With every little twist, our dreams change and so do our ambitions. And most of all we desire a security that will help us follow our dreams, both financial and emotional. It is this security that Reliance Life Insurance Company Limited promises to bring to you with its Total Investment Plan Series I- Insurance. To know more, read further… " THIS PRODUCT HAS BEEN WITHDRAWN. IF YOU ARE AN EXISTING CUSTOMER YOU WOULD CONTINUE TO ENJOY YOUR AVAILABLE PRIVILEGES IN THE PRODUCT. " DATE OF WITHDRAWAL: 01 / 01 / 10 Reliance Total Investment Plan Series I - Insurance UNDER THIS PLAN THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. We value your dreams in this journey of life. Reliance Total Investment Plan Series I - Insurance (TIPS-I-Insu rance) helps you bring them to reality. Your need for investment, protection and financial liquidity keeps changing at different stages of life. The birth of a child will require you to increase your insurance cover; a marriage in the family will require additional money. We provide you that kind of flexibility which suits you best at your convenience. Similarly on a promotion you may want to increase your investments to create a large kitty for future expenses. As you progress on this ladder of life we provide you the platform to increase your investment. Usually you would require multiple financial products OUto meet all your needs and would have to actively manage them. However " 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. OMER Y This is a Single Premium unit linked savings life insurance plan with ODUCT 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. Purchasing the same plan in theTHE subsequent PR years is an option. 1st purchase would be called as “Classic” 2nd purchase would be called as “Silver” 3rd purchase would be called as “Gold” 4th purchase would be called as “Diamond” 5th purchase would be called as “Platinum” 01 / 01 / 10 Once you purchase the first policy thereYOU will ARE full AN flexibility, EXISTING as CUST to when second and subsequent purchase can be made and how much Premium IF should be paid for each purchase subject to theWAL: following: AILABLE PRIVILEGES IN 1. The minimum Premium on eachWN. purchase should be at least Rs. 25000 for life assured aged up to 40 and Rs. 50000 for life assured aged 41 to 64. OUR AV 2. The maturity date on each purchaseWITHDRA cannot exceed 70 years. 3. All the polices should matureWITHDRAY Y on maturity date of the first purchase. 4. The term of the polices purchased during second, third, fourth and fifth policy years will be 9, 8, 7 and 6 respectively. O ENJODATE OF 5. New policy can be purchasedT only if all the previous polices are in force on the date of purchase of new policy. 1 Plan Objective: The pace setter plan with protection to life which gives ¾ Tax benefit under Sec. 80C and Sec. 10(10D)* of Income Tax Act 1961 ¾ Investment opportunity with flexibility ¾ Life protection THIS¾ Control PRODUCT over HAS your BEEN investments " WOULD CONTINUE *Sec. 10 (10D) would be applicable if Sum Assured is five times of Single Premium. 2 How does this Plan work? As a customer you will have the liberty ¾To choose Sum Assured multiple (equal to or in between 1.10 to 5). This will decide your sum assured: Sum Assured = Sum Assured Multiple * Single Premium ¾To choose out of eight fund options The Premium you pay would be invested, net of Premium Allocation Charges, in fund or mix of available funds of your choice and units are *1.10 for classic purchase and 1.25 for the remaining purchases. allocated depending on the price of units for the fund/funds. Allocation charges would vary as stipulated in the table below: Policy Purchased Classic Silver Gold Diamond Platinum Allocation Charge as percentage of 5% 4% 3% 2% 1% Single Premium 3. Benefits The benefits under this plan are mentioned below: 3.1 Maturity Benefit 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. 3.2 Life Cover Benefit: In the event of death of the life assured before the 60th birthdayOU 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. OMER Y In the event of the death of the Life Assured on or after 60th ODUCTbirthday The higher of 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 after attaining 60th birthday and the Fund Value relating to theTHE basic PR 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. 3.3 Surrender and partial withdrawal from main plan Surrender and partial withdrawal value under the policy is acquired immediately on payment of the Single Premium. However, it is payable only after completion of three policy anniversaries. 01 / 01 / 10 Whenever full surrender value of theYOU basic ARE ANplan EXISTING is paid, CUST the surrender value of any attaching Top-up Premium IF will also be paid even if period of three years is not elapsed from theWAL: date of payment of Top-up. AILABLE PRIVILEGES IN The full surrender value andWN. 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 theOUR Top-up AV Premium WITHDRA The partial withdrawal value is acquired immediately on the payment Y Y of Top-up Premium.WITHDRA 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. O ENJODATE OF There is no surrenderT or partial withdrawal charges on Top-up. 4. Investment Options We understand the value of your hard earned money and in our endeavour to help you grow your wealth, we offer you nine fund options namely Equity Fund, Corporate Bond Fund, Gilt Fund, Money Market Fund, Infrastructure Fund, Energy Fund, Midcap Fund, Pure Equity Fund and Fund C. On commencement of the policy, the Premiums will be invested in any or mix of all the funds except Fund C. Fund C is available only during the settlement period. THIS PRODUCT HAS BEEN " TheWOULD fund options CONTINUE available under the Plan, investment objective, risk profile and asset allocation for various funds are detailed in the table below: Fund Investment Objectives Asset Asset Target Name Category Allocation (%) Range (%) Equity Provide high real rate of return Corporate bonds 0 - 100 0 Fund in the long term through high and other debt exposure to equity investments, instruments/Bank while recognizing that there is deposits/Money significant probability of market negative returns in the short instruments*. term. The risk appetite is ‘high’ Equities 0 - 100 100 Fund Investment Objectives Asset Asset Target Name Category Allocation (%) Range (%) Corpo - Provide returns that exceed the Money market 0-40 0 rate inflation rate, while taking some instruments* incl. Bond credit risk (through investments liquid mutual in corporate debt instruments) funds and bank and maintaining a moderate deposits probability of negative return in Corporate bonds/ 60-100 100 the short term. The risk appetite debentures and is ‘low to moderate.’ other debt instruments excluding money market instruments Money Maintain the capital value of all Money market 100 100 Market contributions (net of charges) instruments* incl. Fund* and all interest additions, at all liquid mutual times. The risk appetite is ‘low.’ funds and bank deposits OU Gilt Provide returns that exceed the Central 20 – 100 80 . " Fund inflation rate, without taking Government any credit risk (sovereign risk securities (Gilts) only) and maintaining a low Other 0 – 40OMER 20 Y probability of negative return in government ODUCT the short term. The risk appetite securities is ‘low to moderate.’ including securities with unconditional Central THE PR Government guarantee Money market 0 – 40 0 instruments* incl. liquid mutual funds and bank deposits Infrast- Provide high rate of return in the Corporate bonds 0-100 0 ructure long term through high exposure and other debt Fund to equity investments in related Infrastructure and allied sectors, instruments/Banks 01 / 01 / 10 while recognizing that there is a deposits/MoneyYOU ARE AN EXISTING CUST significant probability of negative market returns in the short term.
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