Reliance Special Endowment Plan is key to all your financial needs. You get a desired lump sum after a specified period, however your life insurance protection continues for an extended period. If anything were to happen to you, your beneficiary will get another sum assured along with the bonuses. The policy comes with an added feature of a limited premium term, which is always 5 years less than the policy term.

Key Features

• Twin benefit of protection and savings
• Sum Assured is paid on survival, at the end of the premium paying term Life Cover for full Sum Assured continues beyond premium paying term Extended Life Cover for 5 years after premium paying term
• Wealth creation through bonus additions
• More value for your money by way of High Sum Assured Rebate
• Choose to add the benefit of two riders � Critical Illness Rider and Accidental Death Benefit & Total and Permanent Disablement Rider
• Choose to avail of a Policy Loan available after 3 full years� of premium payment
• Policy participates in profits even after premium paying term

How does this Plan work?
You pay premium every year. The premium paying term is always 5 years less than the Policy term. On survival to the end of the premium paying term you get the Sum Assured. On survival, at maturity (i.e. at the end of the policy term) accumulated compounded bonuses are paid.

Benefits
Survival Benefit: On survival at the end of the premium paying term you get the Sum Assured.

Maturity Benefit: On survival to maturity you get accumulated bonuses.

Life Cover Benefit: Your Beneficiary will get Sum Assured plus accumulated bonuses in case of your unfortunate death at any time during the Policy term. This life cover benefit continues even after the payout of Sum Assured after premium paying term.

Rider Benefit: You also have the option to add 2 additional benefits to customize the Policy as per your needs

1. Accidental Death Benefit & Total and Permanent Disablement Rider
2. Critical Illness Rider

Accidental Death Benefit & Total and Permanent Disablement Rider
Accidents are unfortunate and sometimes fatal. You can customise your basic Policy with an Accidental Death Benefit & Total and Permanent Disablement Rider.

The Accidental Death benefit is payable if death occurs directly as a result of an accident and is intimated within 90 days of the occurrence.

The Benefit payable is equal to the Rider Sum Assured. The minimum Sum Assured is Rs 25,000 and the maximum under all Policies taken together is Rs 50,00,000.

The Total and Permanent Disablement Benefit is payable if the Life Assured becomes totally and permanently disabled directly as a result of an accident.

The Disablement Benefit is equal to the basic Sum Assured paid in ten equal annual installments

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.

Inbuilt Waiver of Premium
If the Life Assured becomes totally and permanently disabled, then Reliance Life Insurance will waive all future premiums under the basic policy and riders up to a limit of Rs 40,000 p. a.

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.

Critical Illness
Sudden onset of a major illness causes worries and heavy expenses. Our optional Critical Conditions Cover helps provide financial relief in such cases. It pays you the Sum Assured upfront in respect of ten major illnesses.

1. Cancer
2. Coronary Artery Bypass Surgery
3. Heart Attack
4. Stroke
5. Kidney Failure
6. Aorta Surgery
7. Coma
8. Heart Valve Replacement
9. Major Organ Transplant
10. Paralysis

This Benefit can be availed only once against any one of the illnesses and the Company will not pay the claim if it arises from deliberate self-injury or attempted suicide by the Life Assured, whether sane or insane. This benefit will only be given, if the diseases are confirmed by a Consultant Physician.

Exclusion
Cancer: any CIN stage (cervical intraepithelial neoplasia); any pre-malignant tumour; any non-invasive cancer (cancer in situ); prostate cancer stage 1 (T1a, 1b, 1c); all skin cancers including malignant melanoma stage IA (T1a N0 M0); any malignant tumour in the presence of any Human Immunodeficiency Virus.

Heart Attack: Non-ST-segment elevation myocardial infarction (NSTEMI) with elevation of Troponin I or T; other acute Coronary Syndromes.

Stroke: Transient ischemic attacks (TIA); neurological symptoms due to migraine.

Coronary Artery (Bypass) Surgery: Angioplasty and/or any other intra-arterial procedures; key-hole surgery.

Paralysis: Paralysis due to Guillain-Barr�-Syndrome

Waiting and Survival Period
The Company will not pay the Critical Illness Benefit if:

• The critical illness begins prior to or within six months of the commencement date or date of reinstatement of the Benefit - Waiting Period
• Death from critical illness takes place within 30 days of the onset of the same � Survival Period

Flexibility
These riders may be attached to your Policy at the beginning or at any Policy Anniversary during the term of the Contract, subject to underwriting conditions prevailing at that time.

Sum assured for Critical Illness Rider may be increased or decreased by the Policyholder:

• The increase is subject to underwriting conditions
• Once decreased, further increases will not be allowed

The Contract can be terminated and opted for only once, by the Policyholder at any time. Though above are general conditions of the rider, we may specify restrictions (like time of exercise) on the above options. Such restrictions would be filed along with the based product filing.

Sample Illustration:
The tables below show the indicative premiums for a Life Assured across different Sum Assured and ages for a Policy term of 20, 25 and 30 years.

(The premium paying term is 5 years less than the Policy term)

Indicative Maturity Benefit:
The table below shows the indicative Maturity Benefits for different Sum Assured levels for an individual life across different terms.

(The above maturity benefits are calculated for an illustrative gross investment return of 6% & 10% as stipulated by IRDA. Please note the figure mentioned in the table is inclusive of Sum Assured paid at the end of premium paying term and bonuses paid at the end of the Policy term)

What is the Policy Term?

Who can buy this product?

What is the Sum Assured?

Savings and accumulation through bonuses:
The Company will declare compounded reversionary bonus which is payable at maturity or on death.

More value for money � High Sum Assured Rebate
Reliance Special Endowment Plan offers an attractive premium discount for Sum Assured over and above Rs 99,999.

For example, as per the tabular premium rates, the annual premium for a 30 year old male for a 25 year policy for Rs 5 lakh Sum Assured comes to Rs 27,300 before the High Sum Assured Rebate. After the High Sum Assured Rebate, the premium is Rs 25,800.

Tax Benefit:
Premiums paid are eligible for tax deduction under Section 80C & 80D of the Income Tax Act, 1961. Maturity & Death Benefit is tax free under Section 10(10 D) of the Income Tax Act, 1961. Under Section 80C, premiums upto Rs 100,000 are allowed as deduction from your taxable income. Under Section 80 D premium upto Rs 10,000 (Rs 15,000 for senior citizens) are allowed as deduction from your taxable income.
(80 D - Applicable to Critical Conditions Premium)

Can I take a loan against my policy?
Yes, you can take loan against your Policy if there is an unexpected requirement of money. The Policy loan can be up to a maximum of 90% of the Surrender Value of the Policy at the time of taking the loan based on the terms and conditions at that time.

This facility is available after premium payment of 3 full years� and after 3 years have elapsed from date of commencement of the Policy.

What happens if I discontinue paying premium?
During the first three years, if premiums are not paid within the grace period the policy will lapse.

If you discontinue paying premium after paying premium for three full years then your Policy will be converted into a paid up for a reduced Sum Assured determined in the same proportion as the amount of premiums actually paid bears to the total amount of premiums payable. The life insurance protection will continue to the extent of the paid-up value until the end of the Policy term.

Any accumulated bonuses attached to this Policy will remain attached in full. Once this Policy becomes �paid-up�, no further bonuses are payable. You will receive the �paid-up� Sum Assured plus bonuses on the maturity date of the Policy or in the event of loss of life.

What if I want to discontinue the Policy?
We provide you the option to surrender your Policy and receive the Surrender Value. If your Policy has accumulated any bonuses, then you will also receive the cash value of that total amount upon surrendering your Policy.

Your plan acquires a Surrender Value after 3 years� premium has been paid and after three years have elapsed from date of commencement of Policy. We guarantee a minimum surrender value of 30% of the total premiums paid (excluding any extra premiums and premiums for additional benefits) subsequent to the First Year Premium, plus the cash Surrender Value of any vested bonuses.

On surrender, the insurance protection provided under the Policy will also cease.

Can I revive a Policy which is lapsed?
A lapsed policy can be revived/reinstated for full benefits anytime before the date of maturity at terms and conditions required by the Company.

Flexible Premium Payment Modes:

1. Yearly
2. Half-yearly
3. Quarterly
4. Monthly

Grace Period
One month or 30 days from the due date for the payment of premiums.

General Exclusion
We will not pay any claim on death if the Life Assured, whether sane or insane, commits suicide within 12 months from the date of issue of this Policy of any reinstatement

15 Days FreeLook 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:

• of the proportionate premium for the time cover has been provided till cancellation
• of expenses incurred by the Company for medical examination of the Life Assured, Stamp Charges and expenses 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.

Reliance Life Insurance is a fully licensed life assurance company registered with Insurance Regulatory & Development Authority (IRDA). Registration No: 121.