You know you are going to retire one day. But you want to retire in style. How do you see your golden years? Going for a world tour? Playing Golf? Starting a small business or simply spending more time with your family. In whatever way you want to spend your golden years, you have to start planning today.

The Reliance Golden Years Plan Value gives you the right kind of solution. A retirement plan that allows you to save systematically to generate a much needed corpus to make your olden years look golden.

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

Key Features

• Invest systematically and secure your golden years
• Four different investment funds to choose from
• Flexibility to advance your Vesting Age
• Flexibility to switch between funds
• Tax free commutation of up to one third of fund value at vesting age
• Life cover and optional Accidental rider

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

These options are currently available with Reliance Life Insurance Company Ltd. We may offer more annuity options in future.

What are the benefits available with Reliance Golden Years Plan � Value?
At Vesting:

1. On vesting, you can purchase annuity plan for the full Fund Value
2. You can also commute up to one third of Account Value as tax free lump sum and the balance can be used for the purchase of annuity
3. Open Market Option: you can purchase an annuity either from Reliance Life Insurance Company Limited or from any other registered life insurance company.

At Death: In the unfortunate event of your death during the Policy Term, the Beneficiary will get Sum Assured or Fund Value whichever is higher. This amount can be taken as a lump sum or an annuity can be purchased for the entire lump sum or portion of it. The Beneficiary will have the option to purchase an annuity either from Reliance Life Insurance Company Limited or from any other registered life insurance company.

Life Cover � Assurance for your family
In the unfortunate event of your death during the deferment period your Beneficiary will get the higher of Sum Assured or Fund Value. Your contribution towards the death cover keeps decreasing as the Fund Value increases due to investment performance. This leads to faster accumulation towards your pension fund and the death cover will be decreasing so that the total Death Benefit is atleast equal to the Sum Assured you have chosen during the plan period.

Optional Accidental Death & Disability Benefits:
Accident Death & Accidental Total and Permanent Disablement Benefit Rider (ADTPD): You have the option to package Accidental Death & Accidental Total and Permanent Disablement Benefit rider with this product as per your needs.

Accidents are unfortunate and sometimes fatal. You can customise your Basic Policy with an Accidental Death & Total and Permanent Disablement Benefit Rider. 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 for ADTPD is equal to the Sum Assured. The minimum Sum Assured is Rs 25,000 and the maximum Sum Assured under all Policies taken together is Rs 50,00,000.

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 point in time is equal to the Sum Assured paid in ten equal annual installments.

What are the different fund options?
Reliance Life Insurance Company Limited understands the value of your hard earned money. In order to make your money grow we offer four different tailor-made investment funds. You also have the option to allocate your premium in different funds in a manner you wish.

The four different funds 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.

Investments 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 investments in Money Market instruments under the Balanced, Equity and Growth Funds are restricted to 20%.

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

Flexibilities
Flexibility to pay top ups
If you have received a bonus or some lump sum money you can use that as a top-up to increase your investments at any time in your Policy. The minimum Top-up amount is Rs 2,500. 95% of any amount paid as top-up is allocated to your funds. The Sum Assured is not affected due to top-ups.

Flexibility to switch between funds
Depending upon the performance of your funds you can switch between them. There will be one free switch in a Policy Year and for additional switches, Switching Charge of 1% of amount switched will be levied, subject to a maximum of Rs 1000 on each such occasion.

Advance your vesting age
The Policyholder may also choose an earlier Vesting Date, after completion of five years of Policy Term or age 45 years whichever is later. The request for an earlier Vesting Date should be received at least one month before the proposed vesting date.

On attainment of the new Vesting Date the Policyholder is eligible to 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 can be used for the purchase of annuity.

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 premium?
If premiums have not been paid during first three years of the inception of the Policy: The Life Cover and Accidental Death Benefit and Total and Permanent Disablement Rider, (if selected), will cease immediately. However, you will continue to participate in the performance of Unit Funds chosen by you.

You may revive the Policy by re-commencing the premium payment within the Revival Period from the date of first unpaid premium or before the maturity date of the Policy, whichever is earlier.

In the event the Policy is not revived during Revival Period, the Policy shall be terminated and the Surrender Value, if any, shall be paid at the end of the period allowed for revival and the Policy will be terminated.

After paying premium for at least three full years�: If premiums have been paid for at least three consecutive years and subsequent premiums are unpaid, the rider benefit if included will cease immediately, the in-built Life Cover will continue by deducting the Mortality Charges from your Fund Value by cancellation of units. The Policy will continue to participate in the performance of the Unit Funds chosen by you.

You may revive the Policy by re-commencing the premium payment within a period of three years from the date of first unpaid premium or before the maturity date of the Policy, whichever is earlier.

At the end of the allowed period for revival, if the Policy is not revived, the Policy shall be terminated by paying the Surrender Value.

If at any time before revival of a Policy, the Fund Value reaches an amount equivalent to one full year�s premium, the Policy shall be terminated by paying the Fund Value.

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 will be required for reviving the Policy.

What if I want to discontinue the Policy?
You can 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 Balance according to the following table:

Flexible Premium Payment Modes

1. Yearly with minimum premium Rs 10,000
2. Half-Yearly with minimum premium Rs 5,000
3. Quarterly with minimum premium Rs 2,500
4. Monthly with minimum premium Rs 1,000

Minimum top-ups premium is Rs 2,500

Grace Period
Premiums due, have to be paid within the grace period of 30 days (15 days for Monthly Mode)

Charges Under the plan
1. 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.

3. Rider Premium Charge: The premium rates for Accidental Death and Total and Permanent Disability Rider is Re 1 per 1000 Sum Assured.

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:

7. Service Tax Charge: The service tax charge (alongwith education cess) is levied on the mortality charges and rider premiums at the rates declared by the Government from time to time. The current rate of service tax (alongwith education cess) is 12.24% p.a. The service tax charge is collected alongwith the mortality charges and rider premiums.

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.
• Please note that Reliance Life Insurance Company Limited is only the name of the Insurance Company and Reliance Golden Years Plan Value is only the name of the Policy and does not in anyway indicate the quality of the Policy or its future prospects or returns.

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 DisablementClaims 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 Policyholder 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 Value 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.