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RELIANCE -- MONEY GUARANTEE |
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Money Guarantee Plan |
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Reliance Money Guarantee Plan is a unit linked life insurance plan from Reliance Life Insurance Co. Ltd. |
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The key features of the plan are: |
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- Capital Guarantee guarantees all money paid as regular premium and top up premium.
- First of its kind Return Shield safeguards the returns through a ‘Ring fenced’ investment plan.
- Flexibility in form of an exchange offer to shift between Reliance Money Guarantee Plan and Reliance Auto Invest. This option can be exercised anytime after completion of three policy years and at least 30 days before the payment of policy benefits.
- Choice of three unique investment fund options.
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Eligibility |
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Entry age: minimum – 30 days; maximum – 55 years |
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Maturity age: minimum – 18 years; maximum – 80 years |
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Policy term: minimum – 10 years; maximum – 30 years |
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Minimum regular annual premium: – Rs.10000 |
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Minimum Top-up premium: – Rs.2500 |
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Plan benefits |
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Death benefit: depends on the age of life assured, guaranteed fund value, fund value at time of death of life assured. Calculations done when life assured is more than 12 years of age, or when life assured is equal to / less than 12 years. |
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Maturity benefit: Sum of higher of (Fund value under Basic Plan and Guaranteed Fund value under Basic Plan) and higher of (Fund Value including under Top-Ups and Guaranteed Fund Value under Top-Ups, if any). The benefit is paid as a lump sum or as per the settlement option under the plan. |
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