Reliance Life Insurance offers you products that fulfill your savings and

protection needs. Our aim is to emerge as a transnational Life Insurer of global scale and standard. Reliance Life Insurance is an associate company of Reliance Capital Ltd., a part of Reliance - Anil Dhirubhai Ambani Group. Reliance Capital is one of India’s leading private sector financial services companies, and ranks among the top 3 private sector financial services and banking companies, in terms of net worth. Reliance Capital has interests in asset management and mutual funds, stock broking, life and general insurance, proprietary investments, private equity and other activities in financial services.

R E L IA N C E L I F E IN S U R A N C E P L A N S
• C H IL D P L A N • P R O T E C T IO N P L A N • S A V IN G P L A N • R E T IR E M E N T P L A N

PROTECTION PLAN
Reliance Term Plan
Invest in the Reliance Term Plan, a pure life insurance plan that offers you comprehensive and affordable coverage for a limited period of time to suit your needs.

Reliance Simple Term Plan

Make a smart investment move by investing in the cost-effective Reliance Simple Term Plan, which offers you comprehensive coverage for a specified period of time to suit your needs.

Reliance Special Term Plan

Imagine a life insurance policy, which on maturity returns to you all the premiums you had paid for your basic policy. The Reliance Special Term Plan offers that and much more.

Reliance Credit Guardian Plan

The Reliance Credit Guardian Plan secures your family from any loan liabilities you have incurred in case of your untimely demise. On survival at maturity, you will be returned all the premiums paid for the basic policy.

Reliance Special Credit Guardian Plan

Invest in the Reliance Special Credit Guardian Plan and protect your family from any loan liabilities you have incurred. On survival at maturity, all premiums paid for the basic policy will be returned to you.

Reliance Endowment Plan

The Reliance Endowment Plan gives you financial independence by allowing you to decide the amount of Sum Assured based on your current financial position and expected future expenses… Dream.

Reliance Special Endowment Plan

Imagine an endowment plan that protects you for a certain period even after you have received your lump sum—that is exactly what the Reliance Special Endowment Plan offers you with other added benefits....

Reliance Connect 2 Life

The Reliance Connect 2 Life Plan gives you the option to upgrade your life cover to keep pace with your changing lifestyle. As your income grows, your family will have sufficient cover.

Reliance Whole Life Plan

Give your family a lifetime of timely financial support by investing in the Reliance Whole Life Plan. This will help you enjoy your life to the fullest..

Reliance Wealth + Health Plan

Invest in the Reliance Wealth Health Plan and balance your health needs and wealth needs, without compromising

Security. Reliance Super Invest Assure Plan Reliance Super InvestAssure is a complete plan which addresses your vital needs like Flexibility.Insurance Reliance TIPS -Series I..Insurance is a Unit Linked Investment + Insurance Plan that helps you meet all your financial needs. Reliance Wealth + Health Plan Invest in the Reliance Wealth Health Plan and balance your health needs and wealth needs. Reliance Money Guarantee Plan To reap the benefits of a rising market and to protect yourself from any market decline. Reliance Super Automatic Investment Plan The Reliance Super Automatic Investment Plan is an enhanced unit linked plan that allows you to choose the right investment mix to reap maximum benefits. .SAVING PLAN Reliance Super Invest Assure Plus Plan Reliance Super InvestAssure Plus Plan is an ultimate investment plan that offers the benefit of life insurance cover along with flexible investment options. thereby enabling you to enjoy potentially higher returns without compromising on the security of your family!.. It also provides you with enhanced Life Cover. Total Investment Plan I . With all its key benefits. without compromising on either health or wealth. invest in the unit linked Reliance Money Guarantee plan that gives you the perfect balance between Protection and Savings. Investment Return and Financial Planning. What makes it even more attractive is that it offers additional allocation of units every year to enhance your investment. it is here to ensure that there will always be more than you can ask for. without the complexity of managing multiple products.

Reliance Super Market Return Plan The Reliance Super Market Return Plan gives you insurance protection and allows you to benefit from investment growth. This will help you enjoy your life to the fullest .. Reliance Special Endowment Plan Imagine an endowment plan that protects you for a certain period even after you have received your lump sum—that is exactly what the Reliance Special Endowment Plan offers you with other added benefits. . Reliance Whole Life Plan Give your family a lifetime of timely financial support by investing in the Reliance Whole Life Plan. It works through your life and meets the changing requirements you may have from time to time. Reliance Endowment Plan The Reliance Endowment Plan gives you financial independence by allowing you to decide the amount of Sum Assured based on your current financial position and expected future expenses.

you give yourself the assurance that you will make each one of your dreams come true!.RETIREMENT PLANS Total Investment Plan II . . Reliance Super Golden Years Plan Plus Invest in the special Reliance Super Golden Years Plan Plus that not only helps you build the corpus you need after.Pension When you invest in the Reliance Total Investment Plan. Reliance Super Golden Years Plan THE Reliance Super Golden Years Plan helps you save systematically and generate the much-needed corpus to help you enjoy life after retirement. without compromising on either health or wealth. Reliance Super Golden Years Plan Value Realise all your dreams of playing golf. which helps you generate the amount you will need for the future. but also collects a basic minimum amount in case something were to happen before you realise your dreams. or going for a world tour after retirement by investing in the Reliance Super Golden Years Plan Value. Reliance Wealth + Health Plan Invest in the Reliance Wealth Health Plan and balance your health needs and wealth needs.

Just log into your Lifeline account. CREDIT CARD Never miss a payment! Have your premium debited from your credit card on the due date. in 3 easy steps! *Temporarily this payment service is unavailable till further notice by RBI. ECS Instruct your favourite bank to pay your premiums directly from your account. Log into your Billdesk account and authorize your payments. Easy Bill Outlets you have the option of paying your Renewal Bill Desk: Pay Online. Bill Junction . Reliance pay prenium Optima Pay online via credit card or netbanking. Nearest branch Visit your nearest Reliance Life Insurance branch and pay over the counter! Premium by cheque at any of the Easy Bill Outlet located in your account. SBI Your premiums on the go.Reliance Super Automatic Investment Plan The Reliance Super Automatic Investment Plan is an enhanced unit linked plan that allows you to choose the right investment mix to reap maximum benefits. It also provides you with enhanced Life Cover.

Reliance Life Insurance is a company big enough for your dreams. And this may be the place where you can have the career you always wanted. Creating a huge wave of satisfaction. not only for our customers and us. Why Us? Whatever your career goal. . enjoy a strong position in the financial services category.Pay Online. Log into your Bill Junction account and auth Electronic Bill Payment Process Log into your Net Banking account and pay your Renewal Premium Online!orize CAREER OF RELIANCE Our Belief We believe that you are the force behind the company. but for your career . We. along with the other businesses of Reliance Capital. And with your growth will come the drive that can take this company to higher and stronger levels.

Reliance Life Insurance is another step forward for Reliance Capital Limited to offer need based Life Insurance solutions to individuals and Corporates. has interests in asset management. private equity and proprietary investments. . is one of India’s leading and fastest growing private sector financial services companies. of the Reliance . Reliance Capital Ltd. we believe that bigger the challenges that we set for ourselves. stimulating and energizing experience.We endeavor to be unique in creating an environment that makes pitting your skills against the world a challenging. And finding resonance with this credo is our ever-increase. Reliance Life Insurance Company Limited is a part of Reliance Capital Ltd. in terms of net worth. life and general insurance.Anil Dhirubhai Ambani Group. the higher they will take us. and ranks among the top 3 private sector financial services and banking companies. Here. Reliance Capital Ltd. stock broking and other financial services.

9% amongst private players in Mar'06 to 10. since inception. This has • • . Reliance Life has been one of the fastest gainers in market share growing from 1. For 3 successive years. In the Individual Business segment. the Company has been amongst the fastest growing Companies in the Life Insurance Industry achieving a growth rate of 28% in the last financial year against a market growth of -6%.3% as of Mar'09. the company achieved a growth rate of 59% in terms of WRP against the private industry growth of 1%.ACHIEVEMENTS OF RELIANCE LIFE INSURANCE • RLIC closed the last financial year with a New Business Premium of Rs 3513 Crores.

• The Company has been the fastest company to reach the 3 million policy mark and was the 3rd largest private insurer in terms of Policy count in 2008-09 Reliance Life has accomplished a large distribution ramp-up in the Industry in a short span of time by opening 1145 branches in just over 2 year. Awarded the Jamnalal Bajaj Uchit Vyavahar Puraskar 2007.Certificate of Merit in the Financial Services category by Council for Fair Business Practices (CFBP).resulted in the Company growing to becoming the 4th largest private player in just two years starting at position of 11. RLIC continues to be amongst the foremost Life Insurance companies in India to be certified ISO 9001:2000 for all the processes. • • • The Company has also won the DL Shah Quality Council of India Commendation Award in the services category in feb 2008 for its work on promoting 'self help channels for service' .

In his long and illustrious career spanning 30 years. as a Board member of various reputed public limited companies. has served as the Chairman of the Institute of Chartered Accountants of India for the year 1982–83. Gautam has held key positions in various organisations such as M/s. . IDBI and MasterCard International. Ltd. Gautam. He holds an experience of more than 35 years in operations and policy formulation. Satya Pal has served as the ‘Chairman and Managing Director’ of renowned organisations such as Bank of Baroda. Satya Pal holds a degree in Law. Satya Pal Talwar. Director Gautam is the Group Managing Director of Reliance Anil Dhirubhai Ambani Group and Director of Reliance Life Insurance Company Limited. Director Satya Pal is the Director of Reliance Life Insurance Company Limited.DIRECTORS OF RELIANCE LIFE INSURANCE BOARD OF DIRECTORS Gautam Doshi. He was also elected to the Council of the Institute of Chartered Accountants of India for two consecutive terms spanning over 1992 to 1998. Gautam continues to power the industry with his profound knowledge and expertise. Bansi S. Presently. a qualified Chartered Accountant. His in-depth knowledge of the sector has seen him rise quickly into pivotal positions at advisory and board levels in Indian and as well Global organisations such as SEBI. Union Bank of India and Oriental Bank of Commerce. and Ambit Corporate Finance Pvt. RSM & Co. He is a Certified Associate of the Indian Institute of Bankers and a member of the Indian Council of Arbitration. He has also held the coveted position of Deputy Governor of RBI from 1994 to 2001. THROUGH his distinguished service in the financial industry. Mehta.

before joining Reliance Capital Limited. LIFE INSURANCE CORPORTION . Saumen has worked in the UK for one of the leading Chartered Accountancy firms and then moved to Australia to join a subsidiary of the Allianz Group where he held various senior positions in the finance and international division. In his immediate past assignment. Saumen was responsible for the overall Allianz operations in India and Middle East. Group President Saumen is currently the Group President of Reliance Capital Limited. Saumen is a qualified Chartered Accountant and is a member of the Institute of Chartered Accountant in England & Wales and Australia.Saumen Ghosh.

a little known function of life insurance is that it can be tied in with a person's pension plan.The Life Insurance Corporation (LIC) of India founded in 1956 is the largest life insurance company in India owned solely by the Government of India. LIC presently has 7 Zonal Offices and 100 Divisional Offices situated all around the country. In addition to an even distribution of 2048 branches located in different towns and cities of India. which offers the option of contributing regularly. which can be the basis of protection and financial stability after one's death. These are considered PRIVATE PENSION LIC PLANS INSURANCE PLANS PENSION PLAN . Additionally. It can also be a form of savings in the long run if you purchase a plan. Its function is to help beneficiaries financially after the owner of the policy dies. LIC also has a network of around one million agents. Life Insurance is insurance for you and your family's peace of mind. which is considered the financial capital of India. A person can make contributions to a pension that is funded by a life insurance company. Life insurance is a policy that people buy from a life insurance company. Headquartered in Mumbai.

UNIT PLAN INSURANCE PLANS As individuals it is inherent to differ. Each individual’s insurance needs and requirements are different from that of the others. LIC’s Insurance Plans are policies that talk to you individually and give you the most suitable options that can fit your requirement. .

Jeevan Anurag CDA Endowment Vesting At 21 CDA Endowment Vesting At 18 Jeevan Kishore Child Career Plan Child Fortune Plus Jeevan Aadhar Jeevan Vishwas The Endowment Assurance Policy The Endowment Assurance Policy-Limited Payment .

Jeevan Mitra(Double Cover Endowment Plan) Jeevan Mitra(Triple Cover Endowment Plan) Jeevan Anand Jeevan Shree-I Jeevan Pramukh DATE OF LIC ESTABLISHMENT Date of Establishment Revenue Market Cap Address 1956 Not Available Not Available 1st Floor.West Wing. . Mumbai Do-Iv.

It has over 12 million policy holders and over 9 lakh agents. LIC A K Dasgupta . Export Import Bank of India.Chairman cum MD. Dept. It has underwritten more than 120 million policies. GIC of India T.Addl.C. Govt of India Sindhushree Khullar . LIC Housing Finance and LICHFL Care Homes. LIC Arun Ramanathan .Secretary. It has bagged various .MD. Financial Services. LIC Thomas Mathew T . Life Insurance Corporation is fully owned by the government.K. Vijayan . Its subsidiaries include Life Insurance Corporation of India International. Mehrotra . Secretary. of Financial Services. company is on the Internet and is utilizing Information Technology in servicing its clients. It provides individual life insurance.400 021. group insurance and pension plans.Yogakshema. LIC Lanka.Chairman D. Jeevan Bima Marg. Dept of Economic Affairs. Venkat Subramanian . Ministry of Finance.Chairman & MD. LIC Nepal. Mumbai .MD. Overview The largest life insurance company in India. India Branches Management Team 8 Zonal Offices and 101 Divisional Offices T. Ministry of Finance Yogesh Lohiya .S.MD.

award including Loyalty Awards 2008 in Insurance . PENSION PLAN .NDTV Profit Business Leadership Award – 2007.Sector.. CNBC Awaaz Consumer Awards 2007 and Outlook Money NDTV Profit Awards 2007.

Pension Plans are Individual Plans that gaze into your future and foresee financial stability during your old age. Jeevan Nidhi Jeevan Akshay-VI New Jeevan Dhara-I New Jeevan Suraksha-I . so that you never give up on the best things in life. These policies are most suited for senior citizens and those planning a secure future.

age and medical condition of the life insured. But in this case.5 per cent interest over a year. You cannot compare an insurance product with other investment schemes for the simple reason that it offers financial protection from risks. etc) and this amount can become immediately available to the nominee of the policyholder on death. . while the rest is used for savings.000 can give you an insurance cover of up to approximately Rs 5-12 lakh (depending upon the plan. you get maturity benefits on survival at the end of the term. the premium you pay for an insurance policy is an investment against risk. In life insurance. and this is besides the added incentives (read bonuses) offered by insurers. before comparing with other schemes.950 at 9. In other words. let us compare insurance as an investment options. In fact. unlike non-life products. you must accept that a part of the total amount invested in life insurance goes towards providing for the risk cover. if you take a life insurance policy for 20 years and survive the term. your money grows to Rs 10. In the unfortunate event of death within the tenure of the policy. many are not aware of its advantages as an investment option as well. the amount invested as premium in the policy will come back to you with added returns. the family of the deceased will receive the sum assured. The same amount of Rs 10. Thus. If you invest Rs 10.ROLE OF LIFE INSURANCE CORPORTION Insurance is an attractive option for investment. One can withdraw 50 per cent of the initial deposit only after 4 years.000 in PPF. Insurance products yield more compared to regular investment options. While most people recognize the risk hedging and tax saving potential of insurance. something that is missing in non-insurance products. Now. the access to your funds will be limited.

In life insurance. Now. if you take a life insurance policy for 20 years and survive the term. While most people recognize the risk hedging and tax saving potential of insurance.000 can give you an insurance cover of up to approximately Rs 5-12 lakh (depending upon the plan. many are not aware of its advantages as an investment option as well. while the rest is used for savings. you get maturity benefits on survival at the end of the term. the family of the deceased will receive the sum assured. you must accept that a part of the total amount invested in life insurance goes towards providing for the risk cover. etc) and this amount can become immediately available to the nominee of the policyholder on death.5 per cent interest over a year. . before comparing with other schemes. let us compare insurance as an investment options. Thus insurance is a unique investment avenue that delivers sound returns in addition to protection. the amount invested as premium in the policy will come back to you with added returns. something that is missing in non-insurance products. The same amount of Rs 10. You cannot compare an insurance product with other investment schemes for the simple reason that it offers financial protection from risks. Insurance products yield more compared to regular investment options. the premium you pay for an insurance policy is an investment against risk. If you invest Rs 10. the access to your funds will be limited. unlike non-life products. and this is besides the added incentives (read bonuses) offered by insurers. age and medical condition of the life insured. In the unfortunate event of death within the tenure of the policy.Thus insurance is a unique investment avenue that delivers sound returns in addition to protection Insurance is an attractive option for investment. your money grows to Rs 10.950 at 9. Thus. In other words.000 in PPF. One can withdraw 50 per cent of the initial deposit only after 4 years. But in this case. In fact.

Types of life insurance corporation .

Permanent insurance . Level term Life Insurance This type of insurance requires you to select a particular period and pay premiums for the selected period. Once the policy expires the insured is also at liberty to renew the same but he will have to pay the revised rates of premium. This is one of the drawbacks of this policy. it is economical and highly recommended for the salaried youth and middle men. The premium charged is very nominal. Whole term insurance policy is another classification in term life insurance. The different categories of term life insurance policy are as follows: Group Term Life Insurance TYPE of insurance is taken by the employer for his employees.Term Life Insurance Term Life Insurance is a type of insurance policy whereby the insured pays a fixed sum for a period of time. The employer either pays the premiums from his kitty or by deducting the appropriate amount from the salary of individual employees. The Policy holders normally survive even after its expiry unless they are affected by fatal disease or injured in an accident. Such a change could sometimes be too high. This type of insurance is ideal for those people who are not able to make long term financial plans. The policy automatically matures on the attainment of the selected period. This policy does not cost much. This sum remains constant. In a whole term insurance the insured pays the fixed amount throughout his life. Once you select the term say 5 10 or 15 years you cannot revoke it. This policy provides lot of benefits but it cannot be relied solely to meet your insurance needs. This type of insurance is gaining significance in the developing countries. But for this factor.

In a permanent Life Insurance policy you pay premiums for an indefinite period irrespective of the fact they exceed the amount to be distributed to your dependents in case of death. There is a possibility like. . A share of the profits is periodically dispatched to you. when you withdraw certain amount of money within the given limit you need not pay income tax for that amount. It is however advised not to choose permanent insurance if your motive is solely investments and tax exemptions. In that case it is advised to invest in some form of cheap investments and make use of other financial instruments for saving tax because the basic objective of insurance is neither investment nor tax exemption. You have the option of raising loans out of those funds or accumulate them back in the account. In case you decide to end the policy you will paid back with the surrender value . Such surplus will be deposited by the company in a separate account. This Policy cannot be stopped on any occasion as long as the premiums are paid regularly and you don't want to end the policy. But when you deposit money in the bank you have to pay income tax irrespective of the fact you utilize it or not.Life Insurance is an expensive Policy. But when you deposit money in the bank you have to pay income tax irrespective of the fact you utilize it or not.If the insurer decides to retain the profits made from your investment with him then you are not required to pay income tax for that amount. There is a possibility like. If the insurer decides to retain the profits made from your investment with him then you are not required to pay income tax for that amount. They will yield higher returns if the company performs well. when you withdraw certain amount of money within the given limit you need not pay income tax for that amount.

They .HDFC Standard Life Insurance A little about HDFC Standard Life Insurance. investment and protection needs. In the financial year 2002-03. In order to survive in the insurance segment. It offers clients a range of insurance plans to meet their savings. the company registered a year-on-year growth of over 260%. HDFC had to introduce new products. The company's growing pains. HDFC Standard Life Insurance is a new Indian life insurance company that operates out of 52 locations. It is also the first new life insurance company to declare its third successive bonus for participating policy holders.

The IBM solution.wanted to launch a Unit Linked Insurance Scheme in 2 months.With CSC LifeAsia and the iSeries. They were looking for a robust and integrated solution to support the new product. The solution recommended by IBM included an eServer iSeries model 810 Enterprise Edition for production and a Model 800 Standard for testing and development. IBM was the right choice. HDFC Standard Life Insurance decided to do.Life is secure.The financial community in India and all over the world had opted for the IBM eServer iSeries. . HDFC could complete projects much ahead of their deadlines. the same. The result . Both the systems currently run LifeAsia/400. They found the IBM iSeries a highly integrated system that made implementation faster and more efficient. HDFC was also facing numerous problems with their current systems in terms of performance. reliability and scalability.

. Bajaj Allianz Life Insurance Company boasts of a nationwide presence with 876 offices and over 4 million satisfied customers. Allianz AG's world ranking establishes it among the top insurance companies in the world.BAJAJ LIFE INSURANCE Bajaj Allianz Life Insurance Co Ltd is a unique joint venture among the global giants Allianz Group (AG) and Bajaj Auto. The various insurance products ARE: Individuals Plans            Unit Gain Insurances Lifetime Care Insurance Policy Business Insurance Policies Savings And Security Policies For You And Your Family Rural Insurance Plan Healthcare Insurance Financial Insurance Pension Plus Retirement Plans Children's Policies Endowment Plans and many more. Bajaj is the biggest two and three wheeler manufacturer in the world.

Employee Groups Employees Deposit Linked Insurance New Group Superannuation Scheme . SWARNA Vishranthi. The payments can be direct through cheques. Special Insurance Policies for NRI's     Investgain Endowment Plan Cashgain Money Back Plan ·Childgain Kids Special Plan. The insurance policy holders who also have an account with Standard Chartered Bank can avail the direct debit mandate facility.Group Insurance Schemes      Insurance For Employee-Employer Groups Insurance For Non-Employer . The Bajaj Allianz insurance agents will guide you about the general life insurance policies best suited to your needs. The Bajaj Allianz Life Insurance website offers human life value estimator. child education cost calculator. The insurance agent also briefs you about the insurance quote and the terms on the policy quotes. retirement solutions and required pension estimator and premium calculator online. . The premiums can also be paid online. Bajaj Allianz India offers convenient premium payment and receipt options. NEW GROUP Gratuity Care Scheme. DD's or directly from your accounts or through credit card.

Cornhill Insurance in the United Kingdom. RAS s. Allianz group has multi-local structure and presence in over 70 countries.p. It is also the largest insurer in Europe. After the expiry of the agreement in 1971 the two and three wheelers acquired the brand name of Bajaj.Allianz Bajaj Life Insurance Company LimiteD Bajaj Auto Ltd Bajaj Auto Ltd the flagship company of Bajaj Group was incorporated in 1945 as Bachraj Trading Corporation. engineering. Fireman's Fund in the United States of America. Initially it started by assembling two and three wheelers in collaboration with Piaggio of Italy. Asset Management and Pension Funds Management. Risk Management.a in Italy. motor. Rated 'AAA' by S&P . MMI in Australia are some companies under Allianz group. AGF in France. Reinsurance. The key business areas of Allianz group include General Insurance (property. marine. The strength of the company lies in its strong brand image and ability to offer value for money products leveraging on its large-scale operations. casualty and miscellaneous). Allianz AG Allianz group was founded in 1890 and is one of the world's leading insurance companies with over 100 years' experience in insurance and related services. Life & health insurance.

was incorporated on 12th March 2001. The company received the Insurance Regulatory and Development Authority (IRDA) Certificate of Registration (R3) No 116 on 3rd August 2001 to conduct Life Insurance business in India. Allianz Bajaj Life Insurance Co. The Joint Venture Allianz Bajaj Life Insurance Co.05.. Characterized by global presence with a local focus and driven by customer orientation to establish high earnings potential and financial strength.it has assets over 670 billion DM (Rs. Ltd.160 billion) under its management with employee strength of over 1.700. company is a joint venture between Allianz AG and Bajaj Auto Limited. BAJAJ PRODUCT UNIT LINKED Regular Premium New UnitGain Super UnitGain Plus Gold New UnitGain Plus New UnitGain YoungCare YoungCare Plus New FamilyGain-R Single Premium New UnitGain Premier SP New UnitGain Plus SP PENSION Annuity Pension Guarantee Retirement Future Income Generator Swarna Vishranti New UnitGain Easy Pension Plus RP New UnitGain Easy Pension Plus SP Future Secure TRADITIONAL Endowment InvestGain SaveCare Economy SP Life Time Care Super Saver Money Back CashGain TERM PLANS Protector Term Care New Risk Care . 17. Ltd.

WOMEN INSURANCE Miss Confident Plans HEALTH Care First Health Care Family CareFirst CHILDREN PLAN ChildGain JUST LAUNCHED Family Assure Fortune Plus CenturyPlus II UnitGain Protection Plus Invest Plus GROUP Non Employer Employee Credit Shield Group Term Life(Non Employer Employee) Group Suraksha Swayam Shakti Suraksha Group Loan Protector Group Income Protection MICRO INSURANCE Alp Nivesh Yojana Jana Vikas Yojana Saral Suraksha Yojana ADDITIONAL RIDER BENEFITS Unit Linked Additional Rider Benefits UL Waiver of Premium Benefit UL Family Income Benefit Non Unit Linked Additional Rider Benefits .

When human life is lost or a person is disabled permanently or temporarily. Risks are unpredictable. Hence in life insurance. An individual can also protect his old age when he ceases to earn and has no other means of income – by purchasing an annuity product. the Sum Assured (or the amount guaranteed to be paid in the event of a loss) is by way of a ‘benefit’ in the case of life insurance. there is a loss of income to the household. Death/disability may occur when one least expects it. Sometimes.WHAT IS LIFE INSURANCE Human life is subject to risks of death and disability due to natural and accidental causes. Life insurance is insurance on human beings. survival itself is at stake for the dependants. . Life insurance products provide a definite amount of money to the dependants of the insured in case the life insured dies during his active income earning period or becomes disabled on account of an accident causing reduction/complete loss in his income earnings. The family is put to hardship. a monetary sum could be determined which is based on loss of income in future years. Though Human life cannot be valued. An individual can protect himself or herself against such contingencies through life insurance.

Life insurance products could be purchased from registered life insurers notified by the IRDA. A term insurance product provides a fixed amount of money on death during the period of contract.There are a number of life insurance products which offer protection and also coupled with savings. youth. but also the full amount of money assured on death during the period of contract. . Public who are interested to buy life insurance products should receive proper advice from insurance agents/insurer so that a right product could be chosen to suit particular financial needs. old people. A linked product provides not only a fixed amount of money on death but also sums of money which are linked with the underlying value of assets on the desired dates. Thus life insurance policies offer protection and security to families and provide happiness to society. A whole life insurance product provides a fixed amount of money on death. There are a variety of life insurance products to suit to the needs of various categories of people—children. An Endowment Assurance product provided a fixed amount of money either on death during the period of contract or at the expiry of contract if life assured is alive. women. Insurers appoint insurance agents to sell their products. middle-aged persons. and also rural people. film actors and unorganized labourers. An annuity product provides a series of monthly payments on stipulated dates provided that the life assured is alive on the stipulated dates. A money back assurance product provides not only fixed amounts which are payable on specified dates during the period of contract.

Headquartered in Mumbai. which can be the basis of protection and financial stability after one's death. which offers the option of contributing regularly. a little known function of life insurance is that it can be tied in with a person's pension plan. A person can make contributions to a pension that is funded by a life insurance company. It can also be a form of savings in the long run if you purchase a plan. which is considered the financial capital of India. These are considered PRIVATE PENSION . Additionally. Its function is to help beneficiaries financially after the owner of the policy dies. Life Insurance is insurance for you and your family's peace of mind.LIFE INSURANCE CORPORTION The Life Insurance Corporation (LIC) of India founded in 1956 is the largest life insurance company in India owned solely by the Government of India. In addition to an even distribution of 2048 branches located in different towns and cities of India. LIC presently has 7 Zonal Offices and 100 Divisional Offices situated all around the country. LIC also has a network of around one million agents. Life insurance is a policy that people buy from a life insurance company.

later with the efforts of eminent . Oriental Life Insurance Company started by Europeans in Calcutta was the first life insurance company on Indian Soil. However. All the insurance companies established during that period were brought up with the purpose of looking after the needs of European community and Indian natives were not being insured by these companies. The first two decades of the twentieth century saw lot of growth Life Insurance in its modern form came to India from England in the year 1818.HISTORY OF LIFE INSURANCE .

The Life Insurance Companies Act. the foreign life insurance companies started insuring Indian lives.44 crore. 1912 made it necessary that the premium rate tables and periodical valuations of companies should be certified by an actuary. But the Act discriminated between foreign and Indian companies on many accounts. The Indian Mercantile.298 crore in 1938. In the year 1912. The demand for nationalization of life insurance . and the Provident Fund Act were passed. insurance companies came into existence to carry the message of insurance and social security through insurance to various sectors of society. Starting as Indian enterprise with highly patriotic motives. The Insurance Act 1938 was the first legislation governing not only life insurance but also non-life insurance to provide strict state control over insurance business. But Indian lives were being treated as sub-standard lives and heavy extra premiums were being charged on them. it rose to 176 companies with total business-in-force as Rs. General Assurance and Swadeshi Life (later Bombay Life) were some of the companies established during the same period. During the mushrooming of insurance companies many financially unsound concerns were also floated which failed miserably. The United India in Madras. Prior to 1912 India had no legislation to regulate insurance business. house of the great poet Rabindranath Tagore. Bombay Mutual Life Assurance Society heralded the birth of first Indian life insurance company in the year 1870. and covered Indian lives at normal rates. From 44 companies with total business-in-force as Rs.22. The Swadeshi movement of 1905-1907 gave rise to more insurance companies. Hindustan Cooperative Insurance Company took its birth in one of the rooms of the Jorasanko. Bharat Insurance Company (1896) was also one of such companies inspired by nationalism. In 1907.people like Babu Muttylal Seal. the Life Insurance Companies Act. putting the Indian companies at a disadvantagein insurance business. in Calcutta. National Indian and National Insurance in Calcutta and the Co-operative Assurance at Lahore were established in 1906.

16 non-Indian companies and 75 provident were operating in India at the time of nationalization. 33 divisional offices and 212 branch offices.industry was made repeatedly in the past but it gathered momentum in 1944 when a bill to amend the Life Insurance Act 1938 was introduced in the Legislative Assembly. it was much later on the 19th of January.00 crore mark of new business. Nationalization was accomplished in two stages. 1956. It worked wonders with the performance of the corporation. LIC had 5 zonal offices. About 154 Indian insurance companies. that life insurance in India was nationalized. by 1985-86 LIC . and later. initially the management of the companies was taken over by means of an Ordinance. Since life insurance contracts are long term contracts and during the currency of the policy it requires a variety of services need was felt in the later years to expand the operations and place a branch office at each district headquarter. re-organization of LIC took place and large numbers of new branch offices were opened. As a result of re-organisation servicing functions were transferred to the branches. and the Life Insurance Corporation of India was created on 1st September.00 crores only in the year 1969-70. The Parliament of India passed the Life Insurance Corporation Act on the 19th of June 1956. and it took another 10 years for LIC to cross 2000. and branches were made accounting units. with the objective of spreading life insurance much more widely and in particular to the rural areas with a view to reach all insurable persons in the country. It may be seen that from about 200. the ownership too by means of a comprehensive bill. However. 1956. But with reorganisation happening in the early eighties. providing them adequate financial cover at a reasonable cost.00 crores of New Business in 1957 the corporation crossed 1000. apart from its corporate office in the year 1956.

whose money it holds in trust. Today LIC functions with 2048 fully computerized branch offices. • • . without losing sight of the interest of the community as a whole.had already crossed 7000. 100 divisional offices. the primary obligation to its policyholders. keeping in view national priorities and obligations of attractive return. Bear in mind. the funds to be deployed to the best advantage of the investors as well as the community as a whole. LIC’s Wide Area Network covers 100 divisional offices and connects OBJECTIVES OF LIFE INSURANCE • Spread Life Insurance widely and in particular to the rural areas and to the socially and economically backward classes with a view to reaching all insurable persons in the country and providing them adequate financial cover against death at a reasonable cost. Maximize mobilization of people's savings by making insurancelinked savings adequately attractive. 7 zonal offices and the Corporate office.00 crore Sum Assured on new policies. in the investment of funds.

TYPES OF LIFE INSURANCE Term Insurance Policy • A term insurance policy is a pure risk cover for a specified period of time. Involve all people working in the Corporation to the best of their capability in furthering the interests of the insured public by providing efficient service with courtesy. . his family is entitled to the money if he dies within that 15-year period. pride and job satisfaction through discharge of their duties with dedication towards achievement of Corporate Objective. • • • Promote amongst all agents and employees of the Corporation a sense of participation. if a person buys Rs 2 lakh policy for 15-years.• Conduct business with utmost economy and with the full realization that the moneys belong to the policyholders. For instance. Act as trustees of the insured public in their individual and collective capacities. Meet the various life insurance needs of the community that would arise in the changing social and economic environment. What this means is that the sum assured is payable only if the policyholder dies within the policy term.

a Whole Life Policy is an insurance cover against . As a result of these drawbacks. By the time he dies. Whole Life Policy As the name suggests. the insurance company keeps the entire premium paid during the 15-year period. Under this plan. • • If the insured dies during the tenure of the policy. It doesn't take into account a person's increasing needs either. however. following which the money is handed over to his family. fails to address the additional needs of the insured during his post-retirement years. ENDOWMENT Policy • In an Endowment Policy. irrespective of when it happens.• What if he survives the 15-year period? Well. the sum assured is payable even if the insured survives the policy term. the policyholder pays regular premiums until his death. the insurance firm has to pay the sum assured just as any other pure risk cover. A pure endowment policy is also a form of financial saving. the value of the sum assured is too low to meet his family's needs. While the insured buys the policy at a young age. his requirements increase over time. whereby if the person covered remains alive . then he is not entitled to any payment. This policy. insurance firms now offer either a modified Whole Life Policy or combine in with another type.

insurers offer various benefits such as double endowment and marriage/ education endowment plans. Whole Life Policy. TYPES OF LIFE INSURANCE Term Insurance Policy. In addition to the basic policy. he gets back the sum assured with some other investment benefits. .beyond the tenure of the policy. The cost of such a policy is slightly higher but worth its value.

The Government of India has offered tax incentives to life insurance products in order to facilitate the flow of funds into productive assets. The rebate is deductible from tax payable by the individual or a Hindu Undivided Family. Money Back Policy. Annuities And Pension Life insurance as "Tax planning" Insurance serves as an excellent tax saving mechanism too. This rebate is can be availed .Endowment Policy. Under Section 88 of Income Tax Act 1961. an individual is entitled to a rebate of 20 per cent on the annual premium payable on his/her life and life of his/her children or adult children.

(depending upon the age of the insured and term of the policy) This means that you get a Rs 12. who act as trustees to the monies.000.000 tax benefit. in case no untoward incident happens during the term of the policy. and an insurance policy can lend timely support to the family in such times. many are not aware of its advantages as an investment option as well. you have a wide range of products and services to choose from. An accident or disability can be devastating. The rebate is deductible from the tax payable by an individual or a Hindu Undivided Family. insurance is about risk cover and protection financial protection. you buy peace of mind and are prepared to face any financial demand that would hit the family in case of an untimely demise.000 a year. To provide such protection. Insurance also provides a safeguard in the case of accidents or a drop in income after retirement. to be more precise .000 on payment of yearly premium of Rs 60. With the entry of private sector players in insurance. Designed to safeguard against losses suffered on account of any unforeseen event. It also comes as a great help when you retire. Further. A loss claim is paid out of the total premium collected by the insurance companies. you can buy anything upwards of Rs 10 lakh in sum assured. Life insurance as "Risk cover" First and foremost. By buying life insurance. insurance provides you with that unique sense of security that no other form of investment provides. insurance firms collect contributions from many people who face the same risk. many of these can be further ROLE OF LIFE INSURANCE Insurance is an attractive option for investment. By paying Rs 60.upto a maximum of Rs 12. While most people recognize the risk hedging and tax saving potential of insurance. Insurance products yield more compared to regular investment .to help outlast life's unpredictable losses.

your money grows to Rs 10. If you invest Rs 10. many are not aware of its advantages as an investment option as well. and this is besides the added incentives (read bonuses) offered by insurers. In life insurance. But in this case.000 in PPF. and this is besides the added incentives (read bonuses) offered by insurers. While most people recognize the risk hedging and tax saving potential of insurance. Now. In other words. before comparing with other schemes. you get maturity benefits on survival at the end of the term. if you take a life insurance policy for 20 years and survive the term. . the amount invested as premium in the policy will come back to you with added returns. the premium you pay for an insurance policy is an investment against risk.options. In the unfortunate event of death within the tenure of the policy. The same amount of Rs 10. etc) and this amount can become immediately available to the nominee of the policyholder on death. while the rest is used for savings. Thus insurance is a unique investment avenue that delivers sound returns in addition to protection Insurance is an attractive option for investment. unlike non-life products. One can withdraw 50 per cent of the initial deposit only after 4 years. Insurance products yield more compared to regular investment options.000 can give you an insurance cover of up to approximately Rs 5-12 lakh (depending upon the plan.950 at 9. the access to your funds will be limited. Thus. In fact. You cannot compare an insurance product with other investment schemes for the simple reason that it offers financial protection from risks. something that is missing in non-insurance products. age and medical condition of the life insured. the family of the deceased will receive the sum assured. you must accept that a part of the total amount invested in life insurance goes towards providing for the risk cover.5 per cent interest over a year. let us compare insurance as an investment options.

if you take a life insurance policy for 20 years and survive the term. the amount invested as premium in the policy will come back to you with added returns.950 at 9. Thus. while the rest is used for savings.000 can give you an insurance cover of up to approximately Rs 5-12 lakh (depending upon the plan. One can withdraw 50 per cent of the initial deposit only after 4 years. . something that is missing in non-insurance products. Insurance Companies In India • • • Birla Sun Life Insurance Co.You cannot compare an insurance product with other investment schemes for the simple reason that it offers financial protection from risks. before comparing with other schemes. the premium you pay for an insurance policy is an investment against risk. unlike non-life products. the family of the deceased will receive the sum assured. Now. But in this case.5 per cent interest over a year. you must accept that a part of the total amount invested in life insurance goes towards providing for the risk cover. Thus insurance is a unique investment avenue that delivers sound returns in addition to protection. Ltd ICICI Prudential Life Insurance Co. let us compare insurance as an investment options. The same amount of Rs 10. you get maturity benefits on survival at the end of the term. your money grows to Rs 10. In fact. the access to your funds will be limited. In other words. Ltd. In life insurance. age and medical condition of the life insured. If you invest Rs 10.000 in PPF. Ltd HDFC Standard life Insurance Co. In the unfortunate event of death within the tenure of the policy. etc) and this amount can become immediately available to the nominee of the policyholder on death.

Life Insurance Corporation of India Max New York Life Insurance Co. Sahara India Life Insurance Bharti AXA Life Insurance Future Generali Life Insurance IDBI Fortis Life Insurance Canara HSBC Oriental Bank of Commerce Life Religare Life Insurance DLF Pramerica Life Insurance Star Union Dai-ichi Life Insurance Agriculture Insurance Company of India Apollo DKV Insurance Cholamandalam MS General Insurance HDFC Ergo General Insurance Company ICICI Lombard General Insurance IFFCO Tokio General Insurance National Insurance Company Ltd Insurance • • • • • • • • • • . Shriram Life Insurance Co. India Pvt. Ltd Met Life India Insurance Company Ltd. Ltd. Ltd. Ltd Tata AIG Life Insurance Company Limited Reliance Life Insurance Company Limited. Kotak Mahindra Old Mutual Life Insurance Limited SBI Life Insurance Co. Aviva Life Insurance Co.• • • • • • • • • • • • • • • ING Vysya Life Insurance Company Ltd.

It is a joint venture between Housing Development Finance Corporation Limited (HDFC Ltd. .• • • • • • • • New India Assurance Oriental Insurance Company Reliance General Insurance Royal Sundaram Alliance Insurance Shriram General Insurance Company Limited Tata AIG General Insurance United India Insurance Universal Sompo General Insurance Co.4:18. Ltd was incorporated on 14th august 2000. Both the joint venture partners being one of the leaders in their respective areas came together in this 81. Ltd HDFC LIFE INSURANCE HDFC Standard Life Insurance Co.) India and UK based Standard Life Company.6 joint venture to form HDFC Standard Life Insurance Company Limited.

HDFC Bank India Limited. 856 crores. Bank of Baroda. Indian Bank. Saraswat Bank and Bajaj Capital. 2. has given the company new directions and has helped the company achieve the status it currently enjoys. HDFC Standard Life Insurance Corporation is sure to become one of the leaders and the first preference for any life insurance customer.7 lakh lives by March'2007. Factors Affecting Insurance Quotes Some of the factors that affect life insurance quotes are as follows Health . Deepak Satwalekar.The MD and CEO of HDFC Standard Life Mr. Union Bank of India. The gross incomes standing at a whopping Rs. The Bancassurance partners of HDFC Standard Life Insurance Co Ltd are HDFC. HDFC Standard Life Insurance India boasts of covering around 8. HDFC Standard Life brings to you a whole range of insurance solutions be it group or individual or NAV services for corporations. they can be easily customized as per specific needs.

This happens to be an important parameter not only for life insurance but also for other form of insurance like disability insurance, health insurance. The health of a person is inversely directly proportional to the insurance premiums. A person who enjoys a good health will generally pay a lower insurance compared with the person who suffers from some sort of chronic illness and fatal disease.

Age and Income
This factor has a close relation with the previous one. The age of a person speaks for his health the number of years he is expected to live and so on. A young person is likely to pay lesser premium. The reverse is also equally true. A person with higher income may not be expected to pay a higher premium because his payments are guaranteed. This is also to decide term life insurance quotes and affordable life insurance quotes.

Physical Features
However the insurer levies a moderate amount of premiums as far as person with lower incomes are considered to ensure that there is a prompt settlement of premiums. Similarly there is no upper limit for a person with higher income. The insurance company will accept any amount that he is willing to pay as long as they fall in line with the policy rules and regulations or are not forbidden by any other contract of law operating in this context.

Some factors like height and weight have a great role to play in deciding an insurance quote. Insurance companies also require the insured to meet certain minimum requirements in some cases. These stipulations are to help the insurer in deciding the life insurance quote on the basis of physical features that have a reasonable influence on the life span of an individual either directly or indirectly.

Family Details

The insurer also considers the marital status of the individual, the number of children and dependents. In addition the health history of the family and dependents will also be collected. The premium tends to be higher as long as the number of dependents and family members are high. The medical history of the family members and dependents influences the rate of premiums.

TATA AIG LIFE INSURANCE PLAN

TATA AIG JEEVAN LAKSHYA PLAN
KEY FEATURES

.50000. MINIMUM ISSUE AGE OF 0 (30DAYS) AND MAXIMUM AGE OF 60 YEARS WITH MAXIMUM MATURITY AGE OF 75 YEARS. . . MINIMUN ANNUALIZED PRENIUM: RS. MAXIMUN ANNUALIZED PRENIUM: RS. .. SUM ASSURED: 5 TIMES THE ANNUALIZED PREMIUM. SIX INVESTMENT FUND OPTIONS. . BENEFITS UNDER JEEVAN LAKSHYA PLAN DEATH BENEFIT . PRENIUM PAYING TERM: SAME AS POLICY TERM.18000. POLICY TERM: 15/20/25/30 YEARS. .

UP SUM ASSURED WHERE THE MONEY INVESTED? EQUITY FUND .MATURITY BENEFIT ADDITIONAL ALLOCATION SETTLEMENT OPTION DECREASE THE TOP.

INCOME FUND AGGRESSIVE GROWTH FUND STABLE GROWTH FUND SHORT TERM FIXED INCOME FUND HOW NAV IS CALCULATED? .

ISSUE AGE REGULAR LIMITED PERIOD:5 YEARS 18 YEARS/65 YEARS . POLICY YEAR 6 7 8 9+ X% 10 15 20 NR SWARANA JEEVAN PRENIUM PAYMENT OPTION MIN. IT CAN BE CALCUTED AS NAV PER UNIT = (MARKET/ FAIR VALUE OF THE INVRSTMENT HELD BY THE UNIT FUND + EXPENSES INCURRED IN THE PURCHASE OF THE ASSET + VALUE OF CURRENT ASSET + ACCRUED INCOME NET OF FUND MANAGEMENT CHARGES – CURRENT LIABILITIES / TOTAL NO OF UNITS EXITING IN THE UNIT FUND.NAV MEANS NET ASSET VALUE ./MAX.

VESTING AGE MAX.MIN. FLEXIBILITY OF POLICY TERM.VESTING AGE MINIMUM ANNUALIZED PRENIUM 45 YEARS 75 YEARS RS 20.000 AGE BAND 18-25 26-30 31-35 36-40 FUTURE EQUITY PENSION FUND 85% 80% 75% 70% FUTURE INCOME PENSION FUND 15% 20% 25% 30% FEATURES OF SWARANA JEEVAN . .

PROTECTION PLAN . REGULAR INCOME POST RETIREMENT. EASY TO PURCHASE OPTION WITH SWARNA JEEVAN CERTIFICATE. CHILDREN PLAN . . FLEXIBILITY TO CHOOSE OPTION OF INCRESING PRENIUM EVERY YEAR –TOOL TO FLIGHT INFLATION. HDFC LIFE INSURANCE PLANS .. .

. Securing the future of one’s family is one of the most important goals of life. Protection Plans go a long way in ensuring your family’s financial independence in the event of your unfortunate demise or . HEALTH PLAN PROTECTION PLANS Protection Plans help you shield your family from uncertainties in life due to financial losses in terms of loss of income that may dawn upon them incase of your untimely demise or critical illness.

000/.critical illness. At 50 years of age. 1. HDFC Children’s Plan As a parent. consider the example of Amit who is a healthy 25 year old guy with a income of Rs. such as death or critical illness.00. They are all the more important if you are the chief wage earner in your family. while the inflation rate is around 4%. No matter how much you have saved or invested over the years. However.000/.per annum. With our HDFC Children’s Plan. you can start building your savings today and ensure a bright future for your . until he retires at the age of 60 years. Amit’s real income would have been around Rs. For instance. 5.per annum.000/.per annum.00. in case of Amit’s unfortunate demise at an early age of 42 years. the loss of income to his family would be nearly Rs.00. always tend to affect your family financially apart from the huge emotional loss. 10. sudden eventualities. Let's assume his income increases at a rate of 10% per annum. your priority is your child’s future and being able to meet your child’s dreams and aspirations. this is how his income chart will look like.

child. early into the policy term. we will pay you the Sum Assured plus Bonuses Declared You can choose to pay your premium as either Annually. In case of your unfortunate demise. Your family need not pay any further premiums and the policy continues. Advantages • Lets you customise an ideal plan for your child and provide invaluable financial support The Double Benefit Plan Option helps you secure your child’s immediate and future needs. You also have a range of convenient auto premium payment options • • . Half-Yearly or Quarterly depending on your convenience. Features . And on maturity of the plan. This ‘With Profits’ plan is designed to secure your child’s future by giving your child (Beneficiary) a guaranteed lump sum on maturity or in case of your unfortunate demise. we will pay the Sum Assured to your child (Beneficiary).

1961 . BAJAJ LIFE INSURANCE PLANS Unit Linked Plans • • • Regular Premium New UnitGain Super UnitGain Plus Gold .• Tax benefits are offered under section 80C and 10(10D) of the Income Tax Act.

• • • • • • • • New UnitGain Plus New UnitGain YoungCare YoungCare Plus New FamilyGain-R Single Premium New UnitGain Premier SP New UnitGain Plus SP Pension Plans Annuity • • • • • • • Pension Guarantee Retirement Future Income Generator Swarna Vishranti New UnitGain Easy Pension Plus RP New UnitGain Easy Pension Plus SP Future Secure Traditional Plans • • • • • • • Endowment InvestGain SaveCare Economy SP Life Time Care Super Saver Money Back CashGain Term Plans .

• • • Protector Term Care New Risk Care Women Insurance Plans • • House Wives Working Women Health Plans • • • Care First Health Care Family CareFirst Children Plans • ChildGain Group Plans • • • • • • • • • • • • • • • • Non Employer Employee Credit Shield Group Term Life(Non Employer Employee) Group Suraksha Swayam Shakti Suraksha Group Loan Protector Group Income Protection Employer Employee Group Term Life(Employer Employee) New Group Gratuity Care New Group Superannuation Care Group Save Plus Group Term Life in lieu of EDLI Group Leave Encashment Scheme Group Annuity Group Superannuation Gold .

• Group Gratuity Gold Micro Insurance • • • Alp Nivesh Yojana Jana Vikas Yojana Saral Suraksha Yojana Other Plans • • • • Family Assure Fortune Plus Capital Shield CenturyPlus II .

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