Reliance Life Insurance
  • 5 Reasons to buy
  • Benefits
  • How this plan works
Reliance Life Insurance Guaranteed Maturity Insurance Plan guarantees at least double your money plus all the upside for you at maturity. This Unit Linked Insurance Plan offer you the dual benefits of insurance protection and investment protection in a changing investment market without losing the upside if any.
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Guarantees to pay you double your money on maturity
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A unit linked insurance cum investment plan that offers you the upside
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Single premium plan
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Zero premium allocation charge
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Liquidity after five policy years
Maturity Benefit

On survival of the life assured to maturity date, provided the policy is inforce, the maturity benefit will be the higher of the Guaranteed Maturity Value or the fund value, as on the maturity date. The Guaranteed Maturity Value is equal to two times of the single premium paid at policy inception.

The policy terminates on payment of maturity benefit.

Death Benefit:

In case of death of the life assured during the policy term: The death benefit payable in one lumpsum would be the higher of:

  • Prevailing Sum Assured reduced by the value of the units withdrawn through partial withdrawals from fund value in the last 24 months prior to the date of death
  • The fund value as on the date of receipt of intimation of death at the Company's office.

The policy terminates on payment of death benefit.


Tax Benefit
On policies issued on or after 1st April, 2012, income tax benefit under section 80C shall apply only to the extent of ten percent of minimum sum assured during the entire term of the policy. Additional conditions apply.

On policies issued on or after 1st April, 2012, income tax benefit under section 10(10D) shall be available if premium payable for any of the years during the term of the policy do not exceeds ten per cent of minimum sum assured during the entire term of the policy. Additional conditions apply.

However, in the event of death, sum received under any Life Insurance Policy continue to be exempt. Additional conditions apply.

Kindly consult a tax expert to understand income tax applicable on various financial aspects.
Disclaimer
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. Reliance Life Insurance Guaranteed Maturity Insurance Plan UIN: 121L086V01 Reliance Assured Maturity Debt Fund (SFIN: ULIF06720/12/11LASURMDEBT121) Life Balanced Fund 1 (SFIN:ULIF00128/07/04LBALANCE01121)

How does Reliance Life Insurance Guaranteed Maturity Insurance Plan work?

Reliance Life Insurance Guaranteed Maturity Insurance Plan is a single premium unit-linked life insurance plan. You may purchase this plan for a single premium amount of as low as Rs. 5,000.

We invest 100% of the Single Premium you pay into this plan in the Reliance Assured Maturity Debt Fund and the units are allocated to your policy account at the prevailing unit price of the fund. The fund value of your policy is the total value of units that you hold in the Reliance Assured Maturity Debt Fund.

The policy administration charge and mortality charge are deducted monthly through cancellation of units. The Fund management charge is adjusted in the unit price.

This policy operates as an unbundled unit-linked investment fund. The company will credit the fund value with:

  • 1) Single premium and debit the fund value with
  • 2) Benefits paid
  • 3) Fees and charges
  • 4) Charges for insurance benefits
  • 5) Taxes, duties or surcharges of whatever description levied by any statutory authority

The plan pays out a death benefit or a maturity benefit as explained below.

Disclaimer
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. Reliance Life Insurance Guaranteed Maturity Insurance Plan UIN: 121L086V01 Reliance Assured Maturity Debt Fund (SFIN: ULIF06720/12/11LASURMDEBT121) Life Balanced Fund 1 (SFIN:ULIF00128/07/04LBALANCE01121)
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