Foreclosure of the Policy: If at any point of time the fund value is less than the mortality and policy administration charge for the next month, the policy will be foreclosed by paying the fund value.

Grace Period for payment of premiums

There is a grace period of 30 days from the due date for payment of regular premiums. In case of monthly mode, the grace period is of 15 days. A policy lapses if premiums are not paid within the days of grace.

Policy Loan:

Loans will not be available under this plan.

15 day free look period

In the event the policyholder disagree with any of the terms and conditions of the policy, he/she may return the policy to the Company within 15 days of its receipt for cancellation, stating his/her objections in which case he/she shall be entitled to a refund of the premium paid, subject only to a deduction of a proportionate risk premium for the period on cover and the expenses incurred by the insurer on medical examination of the life assured and stamp duty charges.

General Exclusion:

If the Life Assured commits suicide for any reason, while sane or insane, within 12 months from the date of commencement of this policy or the date of any revival of the policy this policy shall be treated as null and void, and the Company will limit the death benefit to the Fund Value and will not pay any insured benefit.

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

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

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 for insurance 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:

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.

Note:

This product brochure gives only the salient features of the plan. For further details on all the conditions, exclusions related to Reliance Super InvestAssure Basic Plan, please contact our insurance advisors.

Reliance Life Insurance Company Ltd.

IRDA Registration No: 121

Insurance is the subject matter of solicitation

Switching Option: Switching gives you the flexibility to alter the allocation of your investments among the funds to suit your changing investment needs. At any time during the policy term, you may instruct the Company, in writing, to switch some or all of the units from one unit linked fund to another. You are entitled to 52 free switches in any policy year. Unused free switches cannot be carried forward to a following year.

Pay Top-up Premium(s): You can use your bonus or some lump sum money to increase investments component. The minimum top-up is Rs.2,500. The total top-up premiums at all times should not exceed 25% of the total regular premiums paid till that time maximum 25% . Top-up are accepted only when due basic premiums are paid up to date.

Partial Withdrawals: Partial withdrawals are available after a period of 3 years from the date of commencement of the policy or on attainment of age 18 by the life assured whichever is later. There would be a 3-years lock-in period on the top-up premium(s) from the date of payment of each top-up premium(s). This condition will not apply if top-up premium(s) are paid during the last 3 years before the maturity. The minimum amount of partial withdrawal is Rs. 5000 and the maximum amount should not exceed 20% of the policy fund value in that policy year. However, at any point of time during the policy term, the minimum fund balance after the partial withdrawal should be at least equal to 125% of the annualized premium. Partial Withdrawal charges applicable. Refer the section on Charges.

Systematic Transfer Plan (STP): STP helps in mitigating the risk arising from volatility in equity markets by averaging out your cost of purchase of units. STP allows policy holder to invest the portion of premium or top–up premium(s) meant for New Equity Fund initially into New Money Market Fund. On the date of realization of the installment premium cheque, units will be allocated in the New Money Market fund for the portion of premium meant for New Equity Fund. On each of the next four Systematic Transfer dates (7th, 14th, 21st & 28th of every month) one-fourth of the STP units will be transferred to the equity fund automatically. The selection or de selection of STP can take place only on the policy anniversary. No further switches are allowed during STP period in respect of the fund amount under STP option. Once STP option is selected it can’t be cancelled in respect of the amount already lying in the STP fund.

Exchange Option: This option is available for existing policyholders of Reliance Life Insurance Company Ltd after completion of 3 policy years from the date of commencement. Under this option, the policy holder can transfer policy benefits (surrender, maturity etc.) either fully or partially to another plan of Reliance Life Insurance Company Ltd, having exchange options facility at a reduced allocation charge. This option must be exercised at least 30 days before the receipt of benefit under the policy.

Settlement Option: Settlement option helps you to get periodic installments (lump sum or infrequent withdrawals) of your maturity proceeds within 5 years (maximum) from the date of maturity. You have to give a notice to the insurer at least 30 days before the maturity date. During this period, there will be no life cover. The administration charge and FMC will be continued. In the event of death of the life assured during settlement period the fund value as on the date of intimation of death at the office will be paid to the nominee. During settlement period the total fund balance would be automatically moved into New Fund C.

How safe is your investment?

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

• The premium paid in Unit Linked life insurance policies are subject to investment risks associated with Capital Markets and the NAVs of the units may go up or down based on the performance of the fund and the factors influencing the Capital Market, and the policyholder is responsible for his / her decisions.
• The Unit Price is a reflection of the financial and equity/debt market conditions and can increase or decrease at any time due to this.
• Benefit payable under the Policy will be made according to the tax laws and other regulations in force at that time.
• The name in the funds in no way indicates the returns derived from them.
• Please note that Reliance Life Insurance Company Limited is only the name of the insurance Company and Reliance Super InvestAssure Basic Plan is only the name of the unit linked life insurance policy and does not in anyway indicate the quality of the policy or its future prospects or returns.
• The past performance of other funds of the company is not necessarily indicative of the future performance of any of these funds.
• New Money Market Fund, New Corporate Bond Fund, New Gilt Fund, New Equity Fund, New Infrastructure Fund, New Energy Fund, New Midcap Fund, New Pure Equity Fund and New Fund C do not offer a guaranteed or assured return.