There will come a day when you will hang up your boots and relax. But in order to achieve that ultimate stress free mind set for your autumn years, it is important that you plan now! Fulfill your dream of building up a minimum desired retirement fund which will ensure the independence you deserve.

A world tour? Golf? Starting a small business or simply spending more time with your family? Whatever your plans might be, the preparation starts today!

Reliance Golden Years Plan Plus is the right kind of solution for you!

It is a retirement plan that allows you to save systematically, build up the much needed corpus to make your golden years special, while ensuring a basic minimum amount collected, should the unthinkable happen before you achieve your dreams.

UNDER THIS PLAN THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.

Key Features

• A flexible Unit-linked Pension product, different from traditional products with Vesting Age between 45 and 64 years

• Invest systematically and secure your golden years

• Four different investment funds to choose from

• Choose to switch between funds

• Flexibility to advance your Vesting Age

• Tax free commutation up to one third of fund value at Vesting Age

• Optional Accident Benefit Rider

1. The Accumulation Stage also called the Policy Term during which you pay Regular Premiums and top-up (if you choose to) which are invested in funds of your choice to build up the desired Fund Value and,

2. The Distribution Stage, beginning at the Vesting Date, during which you apply the Fund Value you have built up till the Vesting Date to receive Annuity Payments from the annuity provider of your choice.

Currently Reliance Life Insurance offers the following types of annuities:

1. Life Annuity

2. Life Annuity with return of purchase price on death. Purchase Price is the amount of Fund Value used to purchase an annuity.

3. Life Annuity guaranteed for 5, 10 or 15 years and payable for life thereafter

The range and types of annuities available with Reliance Life Insurance change from time and to time and you may purchase the options available at the time of your annuity purchase.

Further, this plan also provides you with Life Insurance Cover which is critical during the years when you are still paying the premiums to build up your desired Fund Value. The Life Insurance Cover will guarantee payment of a minimum amount on your death, through out the Policy Term.

You chose the amount of this Life Cover i.e the Sum Assured at the inception of the plan.

What are the benefits available with Reliance Golden Years Plan - Plus?
The primary benefit, is the access to the proven investment management skills of Reliance Life Insurance Company Ltd. Our Investment Managers will invest your funds in the fund options of your choice depending on your risk � return appetite and assist you in building up your Fund Value for retirement.

Further, in the event of your unfortunate demise during the Policy Term, the Policy pays a guaranteed Death Benefit equal to the Sum Assured you chose plus your Fund Value as at the date of your death to your Nominee(s).

The Beneficiaries may choose to utilize the Death Benefit in any manner whatsoever including the purchase of annuity plan(s).

On your survival up to the Vesting Date, the Policy pays you the built up Fund Value as at the Vesting Date.

This Survival Benefit received may be used:

1. To purchase an annuity plan with the entire Fund Value or,

2. To commute up to one third of Fund Value as tax free lump sum and to purchase an annuity plan with the balance Fund Value.

Open Market Option - The annuity plan referred to above may be purchased from Reliance Life Insurance Company Limited (Reliance Life Insurance) or from any other registered life insurance company.

Optional Accident Benefit Rider:
Accidents are unfortunate and sometimes fatal. You may customise your basic policy, the Reliance Golden Years Plan � Plus by adding an Accidental Death & Accidental Total and Permanent Disablement Benefit Rider for a nominal additional premium (ADTPD).

The benefit for ADTPD is equal to the Sum Assured. The minimum sum assured is Rs 25,000 and the maximum sum assured is Rs 50,00,000 per life.

The accidental death benefit is payable if death occurs directly as a result of an accident and death happens within 180 days of the occurrence of the accident.

The benefit is equal to the Sum Assured and is payable in a lump sum. The Accidental Total and Permanent Disablement Benefit is payable if the life assured becomes totally and permanently disabled directly as a result of an accident.

Accidental Total and Permanent Disablement is defined as the total and irrecoverable loss of sight of both eyes, or loss by severance of two limbs at or above wrist or ankle, or total and irrecoverable loss of the sight of one eye and loss by severance of one limb at or above wrist or ankle for a period of at least six months.

The disability benefit at any time is equal to the Sum Assured and is paid in ten equal annual installments.

What are the different fund options?
Reliance Life Insurance understands the value of your hard earned money. In order to make your money grow we currently offer 4 tailor-made investment fund options. You may choose to allocate your premiums in the fund options in a manner you wish to.

The four fund options offered are:

1. Capital Secure Fund: The Investment Objective of this fund is to maintain the value of all contributions (net of charges) and all interest additions. This fund offers steady return for very little risk. The risk profile for this plan is low. Your funds are invested 100% in Bank Deposits, Government Bonds and Debt Instruments less than 180 days duration.

You may invest a maximum of 20% of the total premiums at any time in the Capital Secure Fund.

2. Balanced Fund: The Investment Objective of this fund is to provide you with Investment Returns which exceed the rate of inflation in the long term while maintaining a low probability of negative investment returns. In this fund, a major portion of your funds are invested in Fixed Interest Securities while a small percentage is invested in the Equity market, which is exposed to market movements. The risk profile of this fund is low to medium.

Investment would be at least 80% in Fixed Interest Securities and maximum 20% in Equities.

3. Growth Fund: The investment objective of this fund is to provide you with investment returns, which exceed the rate of inflation in the long term while maintaining a moderate probability of negative investment returns. A Greater portion of your funds are invested in Fixed Securities while a small percentage is invested in the Equity Market, which is exposed to market movements. The risk profile of this fund is medium to high.

Investment would be at least 60% in Fixed Interest Securities and maximum 40% in Equities.

4. Equity Fund: The Investment Objective of this fund is to provide Policyholders with high exposure to equities and the possibility of investment returns which generate a high real rate of return in the long term while recognizing that there is a significant probability of negative investment returns in the short term. This fund offers a totally equity based investment option. Your returns depend entirely upon the performance of the Equity Market. The risk profile of this fund is high. The higher risk of this portfolio means that expected returns would also be higher.

Investments would not exceed 30% in Bank Deposits and may be 100% in Equities.

The investment in the Money Market Instruments under Balanced, Growth and Equity funds is restricted to 20%.

Value of Units: The Unit Price of each fund will be the Unit Value calculated on a daily basis.

Flexibilities
Pay top ups: If you have received a bonus from your employer or some lump sum money, you may apply it to top-up your Fund Value. The minimum top-up amount is Rs 2,500. 95% of all top-ups are allocated to your Fund Account. The Sum Assured is not affected due to top-ups.

Switch between funds: Depending upon the performance of your funds and your risk appetite, you may switch between funds. You have the right to exercise one free switch in each Policy Year. For each additional switch, a switching charge of 1% of amount switched will be levied subject to a maximum of Rs 1000. Unused free switch options cannot be carried forward.

Advance your Vesting Age: Subject to a minimum Policy Term of five years, you may choose to advance your Vesting Date. The earliest Vesting Date is age 45 years. The request for a advancing your Vesting Date should be received at least one month before the proposed Vesting Date.

On the new Vesting Date you may purchase annuity for the full Fund Value or commute up to one third of the Fund Value as tax free lump sum and the balance may be used for the purchase of an annuity. The annuity may be purchased from us of from any other registered life insurance company.

What is the Policy Term?

Who can buy this product?

What is the Sum Assured?

Accidental Death Benefit & Total & Permanent Disablement Rider

What is the Sum Assured?

What if I want to discontinue paying premiums, but continue the Policy?
Discontinuance before payment of premiums for at least three full years from the inception of the Policy: The Life Cover Benefit of the basic plan and Accidental Death and Disability Rider Benefit, (if chosen), will cease immediately. However, you will continue to participate in the performance of Unit Funds.

You may revive the Policy by re-commencing premium payments. In the event the Policy is not revived, the Policy shall be terminated and the Surrender Value if any shall be paid at the end of the Revival Period.

Discontinuance after payment of premiums for at least three full years from the inception of the Policy: The Rider Benefit if chosen will cease immediately. The Life Cover Benefit will however continue and the corresponding Mortality Charges continue to be deducted from the Fund Value. The Policy will continue to participate in the performance of the Unit Funds.

You may revive the Policy by re-commencing premium payments. In the event the Policy is not revived, the Policy shall be terminated by paying the Surrender Value at the end of the Revival Period or the maturity date, whichever is earlier.

If at any time, before the end of the Revival Period the Fund Value equals one full year�s premium, the Policy shall be terminated immediately and the Fund Value paid.

Revival
You may revive a Policy by recommencing the payment of premiums at any time within a period of three years from the due date of first unpaid premium but before the maturity date of the Policy. A proof of good health and financial information satisfactory to the Company may also be required for reviving the Policy.

What if I want to discontinue the Policy?
You may surrender your Policy after three years from date of commencement of the Policy. The Surrender Value we will pay is a percentage of your Fund Value according to the following table:

Are there any flexible Premium Payment Modes?

1. Yearly with minimum installment premium of Rs 10,000

2. Half-yearly with minimum installment premium of Rs 5000

3. Quarterly with minimum installment premium of Rs 2500

4. Monthly with minimum installment premium of Rs 1000

The minimum top-up premium is Rs 2,500 per top-up.

Grace Period
A grace period of 30 days (15 days for monthly mode) is allowed for payment of due premiums.

Charges under the plan
Premium Allocation Charge:

2. Mortality Charges: The Mortality Charges are determined using the premium rates given below and are deducted by cancellation of units from the Fund Value monthly in advance. Service tax (including education cess) on Mortality Charges at the rates declared by the Government from time to time will be collected alongwith the Mortality Charges. The current rate of Service Tax (including education cess) is 12.24% p.a.

3. Rider Premium Charge: If you have chosen the ADTPD rider, the premium rate for Accidental Death & Accidental Total & Permanent Disability Rider Benefit is Re 1 per 1000 of Sum Assured. The Rider Premium is charged by cancellation of units on a monthly basis in advance.

4. Fund Management Charges:

* The Fund Management Charge is levied on daily basis at the time of computation of Unit Price.

5. Switching Charge: One free switch is allowed in each Policy Year. Subsequent switches will attract a charge of 1% of the amount switched subject to a maximum of Rs 1000 per switch.

6. Surrender Charges: The Surrender Charges as percentage of Fund Value are given below:

Revision of Charges
The Fund Management Charges are subject to revision at any time but they will not exceed 2% p.a. for the Capital Secure Fund and 2.5% p.a. for the Balanced, Growth and Equity Funds.

The change in the Fund Management Charges is subject to IRDA approval.

How safe is your investment?

• The investments made in the funds are subject to market risks that are prevalent at any point in time.

• 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.

• There are no guarantees for any fund of any kind under this Policy. The Benefit payable on maturity will be equal to the value of your units.

• The name of the funds in no way indicates the returns derived from them.

• Past performance is not a guarantee of future performance.

Tax Benefit
Premiums paid are eligible for tax deduction under the Income Tax Act, 1961 and subsequent amendments.

General Exclusion
If the Life Assured, whether sane or insane, commits suicide within 12 months from the date of commencement of this Policy or the date of any revival of the Policy the Company will limit the Death Benefit to the Fund Value and will not pay any Insured Benefit.

Exclusions
The Company will not pay any Accidental Death Claim or Total and Permanent Disablement Claims which results directly or indirectly from any one or more of the following:

• An act or attempted act of self-injury

• Participation in any criminal or illegal act

• Being under the influence of alcohol or drugs except under direction of a registered medical practitioner

• Racing or practicing racing of any kind other than on foot

• Flying or attempting to fly in, or using or attempting to use, an aerial device of any description, other than as a fare paying passenger on a recognised airline or charter service

• Participating in any riot, strike or civil commotion, active military, naval, air force, police or similar service, or War, invasion, act of foreign enemies, hostilities or war like operations (whether war be declared or not), civil war, mutiny, military rising, insurrection, rebellion, military or usurped power or any act of terrorism or violence.

15 Day Free Look Period
The Policyholder may cancel this Policy by returning it to the Company within 15 days of receiving it together with a letter requesting it be cancelled. The Company will refund the premium paid by the Polciyholder less a deduction for the proportionate risk premium for the time that the Company has provided cover up to the date of cancellation and for the expenses incurred by the Company for medical examination of the Life Assured and stamp charges incurred in that connection.

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.

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 fund and factors influencing the capital market and the insured is responsible for his/her decisions.

Reliance Life Insurance Company Limited is only the name of the Insurance Company and Reliance Golden Years Plan Plus is only the name of the unit linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns