Disclaimer

Please note:

1. The investments made in the funds are subject to market risks that are prevalent at any point in time.
2. The unit price of the funds are reflections of the financial and equity/debt market conditions and can increase or decrease at any time due to this.
3. Benefit payable under the plan will be made according to the tax laws and other regulations in force at that time.
4. There are no guarantees for any fund of any kind under this plan. The benefit payable will be equal to the number of units at the applicable unit price.
5. The names of the funds in no way indicate the returns derived from them.

Please note that Reliance Life Insurance Company Limited is only the name of the insurance company and Reliance Group Leave Encashment Plan is only the name of the Plan and does not, in anyway, indicate the quality of the Plan or its future prospects or returns.

Free Look Period

In Case the Policy Holder 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 receipt of the request in writing for cancellation , less the proportionate premium for the period the company has been on risk and the expanses 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.
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 of the Insurance Act:

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 a 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 policyholder and that the policyholder 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.

Reliance Life Insurance Company Limited. Reliance Life Insurance is a fully licensed life assurance company registered with Insurance Regulatory & Development Authority (IRDA) Registration No: 121, in accordance with provisions of the Insurance Act, 1938.

Insurance is the subject matter of solicitation

	Disclaimer
	For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale
	UIN for Reliance Group Leave Encashment Plan - 121L027V01