Project of Life Insurance

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 Indias
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.
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 sumthat 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
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. What makes it even more attractive is that it offers
additional allocation of units every year to enhance your investment,
thereby enabling you to enjoy potentially higher returns without
compromising on the security of your family!.
Reliance Super Invest Assure Plan

Reliance Super InvestAssure is a complete plan which addresses your
vital needs like Flexibility, Security, Investment Return and Financial
Planning. With all its key benefits, it is here to ensure that there will
always be more than you can ask for.
Total Investment Plan I - Insurance

Reliance TIPS -Series I- Insurance is a Unit Linked Investment +
Insurance Plan that helps you meet all your financial needs, without
the complexity of managing multiple products.

needs and wealth needs, without compromising on either health or
wealth.
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 Money Guarantee Plan

To reap the benefits of a rising market and to protect yourself from any
market decline, invest in the unit linked Reliance Money Guarantee
plan that gives you the perfect balance between Protection and
Savings..
Reliance Super Market Return Plan

The Reliance Super Market Return Plan gives you insurance protection
and allows you to benefit from investment growth. 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.
Reliance Special Endowment Plan

Imagine an endowment plan that protects you for a certain period even
after you have received your lump sumthat 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. This will help you enjoy your life to the
fullest .
RETIREMENT PLANS
Total Investment Plan II - Pension
When you invest in the Reliance Total Investment Plan, you give
yourself the assurance that you will make each one of your dreams
come true!.
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.
Reliance Super Golden Years Plan Value

Realise all your dreams of playing golf, or going for a world tour after
retirement by investing in the Reliance Super Golden Years Plan Value,
which helps you generate the amount you will need for the future.
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, but also collects a basic
minimum amount in case something were to happen before you realise
your dreams.

needs and wealth needs, without compromising on either health or
wealth.
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 pay prenium

Optima
Pay online via credit card or netbanking. Just log into your Lifeline
account.
SBI
Your premiums on the go, 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.
CREDIT CARD Never miss a payment! Have your premium debited

from your credit card on the due date.
Nearest branch Visit your nearest Reliance Life Insurance branch

and pay over the counter!
Easy Bill Outlets you have the option of paying your Renewal
Premium by cheque at any of the Easy Bill Outlet located in your

account.
Bill Desk:
Pay Online, Log into your Billdesk account and authorize your
payments.
Bill Junction
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. And with your
growth will come the drive that can take this company to higher and
stronger levels. Creating a huge wave of satisfaction, not only for our
customers and us, but for your career .
Why Us?
Whatever your career goal, Reliance Life Insurance is a company big
enough for your dreams. We, along with the other businesses of
Reliance Capital, enjoy a strong position in the financial services
category. And this may be the place where you can have the career
you always wanted.
We endeavor to be unique in creating an environment that makes

pitting your skills against the world a challenging, stimulating and
energizing experience.
Here, we believe that bigger the challenges that we set for ourselves,
the higher they will take us. And finding resonance with this credo is
our ever-increase.
Reliance Life Insurance Company Limited
is a part
of Reliance Capital Ltd. of the Reliance - Anil Dhirubhai Ambani Group.
Reliance Life Insurance is another step forward for Reliance Capital
Limited to offer need based Life Insurance solutions to individuals and
Corporates.
Reliance Capital Ltd. is one of Indias leading and fastest growing
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 Ltd. has interests in asset management, life
and general insurance, private equity and proprietary investments,
stock broking and other financial services.
ACHIEVEMENTS OF RELIANCE LIFE

INSURANCE
RLIC closed the last financial year with a

Business Premium of Rs 3513 Crores.
For 3 successive years, since inception, 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%. In the Individual Business segment, the
company achieved a growth rate of 59% in terms of
WRP against the private industry growth of 1%.
Reliance Life has been one of the fastest gainers in
market share growing from 1.9% amongst private
players in Mar'06 to 10.3% as of Mar'09. This has
resulted in the Company growing to becoming the 4th
New
largest private player in just two years starting at

position of 11.
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.
RLIC continues to be amongst the foremost Life
Insurance companies in India to be certified ISO
9001:2000 for all the processes.
Awarded the Jamnalal Bajaj Uchit Vyavahar
Puraskar 2007- Certificate of Merit in the Financial
Services category by Council for Fair Business Practices
(CFBP).
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'
DIRECTORS OF RELIANCE LIFE

INSURANCE
BOARD OF DIRECTORS
Gautam Doshi, Director

Gautam is the Group Managing Director of Reliance Anil
Dhirubhai Ambani Group and Director of Reliance Life
Insurance Company Limited.
In his long and illustrious career spanning 30 years, Gautam
has held key positions in various organisations such as M/s.
Bansi S. Mehta, RSM & Co. and Ambit Corporate Finance Pvt.
Ltd. Presently, as a Board member of various reputed public
limited companies, Gautam continues to power the industry
with his profound knowledge and expertise.
Gautam, a qualified Chartered Accountant, has served as the
Chairman of the Institute of Chartered Accountants of India for
the year 198283. He was also elected to the Council of the
Institute of Chartered Accountants of India for two consecutive
terms spanning over 1992 to 1998.
Satya Pal Talwar,
Director
Satya Pal is the Director of Reliance Life Insurance Company

Limited. He holds an experience of more than 35 years in
operations and policy formulation.
THROUGH his distinguished service in the financial industry,
Satya Pal has served as the Chairman and Managing Director
of renowned organisations such as Bank of Baroda, Union Bank
of India and Oriental Bank of Commerce. 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, IDBI and MasterCard
International. He has also held the coveted position of Deputy
Governor of RBI from 1994 to 2001.
Satya Pal holds a degree in Law. He is a Certified Associate of
the Indian Institute of Bankers and a member of the Indian
Council of Arbitration.
Saumen Ghosh, Group President
Saumen is currently the Group President of Reliance Capital

Limited.
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, before joining Reliance Capital
Limited, Saumen was responsible for the overall Allianz
operations in India and Middle East.
Saumen is a qualified Chartered Accountant and is a member
of the Institute of Chartered Accountant in England & Wales
and Australia.
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. Headquartered in Mumbai, which is considered
the financial capital 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, LIC also has a network of around one million agents.
Life Insurance is insurance for you and your family's peace of mind.
Life insurance is a policy that people buy from a life insurance
company, which can be the basis of protection and financial stability
after one's death. Its function is to help beneficiaries financially after
the owner of the policy dies.
It can also be a form of savings in the long run if you purchase a plan,
which offers the option of contributing regularly. Additionally, 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. These are considered PRIVATE
PENSION
LIC PLANS
INSURANCE PLANS
PENSION PLAN
UNIT PLAN
INSURANCE PLANS
As individuals it is inherent to differ. Each individuals insurance needs and requirements
are different from that of the others. LICs 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
1956
Revenue
Not Available
Market Cap
Not Available
Address
1st Floor,West Wing, Mumbai Do-Iv,

Yogakshema, Jeevan Bima Marg,
Mumbai - 400 021, India
Branches
Management Team
Overview
8 Zonal Offices and 101 Divisional

Offices
T.S. Vijayan - Chairman
D.K. Mehrotra - MD, LIC
Thomas Mathew T - MD, LIC
A K Dasgupta - MD, LIC
Arun Ramanathan - Secretary,
Financial Services, Dept. of Financial
Services, Ministry of Finance, Govt of
India
Sindhushree Khullar - Addl.
Secretary, Dept of Economic Affairs,
Ministry of Finance
Yogesh Lohiya - Chairman cum MD,
GIC of India
T.C. Venkat Subramanian - Chairman
& MD, Export Import Bank of India.
The largest life insurance company in

India, Life Insurance Corporation is
fully owned by the government. It
provides individual life insurance,
group insurance and pension plans.
Its subsidiaries include Life Insurance
Corporation of India International, LIC
Nepal, LIC Lanka, LIC Housing
Finance and LICHFL Care Homes. It
has over 12 million policy holders and
over 9 lakh agents. It has
underwritten more than 120 million
policies.
company is on the Internet and is
utilizing
Information Technology in servicing

its clients. It has bagged various
award including Loyalty Awards 2008
in Insurance .Sector,.NDTV Profit
Business Leadership Award 2007,
CNBC Awaaz Consumer Awards 2007
and Outlook Money NDTV Profit

Awards 2007.
PENSION PLAN
Pension Plans are Individual Plans that gaze into your future and foresee financial
stability during your old age. These policies are most suited for senior citizens and
those planning a secure future, so that you never give up on the best things in life.
Jeevan Nidhi
Jeevan Akshay-VI
New Jeevan Dhara-I
New Jeevan Suraksha-I
ROLE OF LIFE INSURANCE CORPORTION

Insurance is an attractive option for investment. While most people
recognize the risk hedging and tax saving potential of insurance, many
are not aware of its advantages as an investment option as well.
Insurance products yield more compared to regular investment
options, and this is besides the added incentives (read bonuses)
offered by insurers.
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.
In fact, the premium you pay for an insurance policy is an investment
against risk. Thus, before comparing with other schemes, you must
accept that a part of the total amount invested in life insurance goes
towards providing for the risk cover, while the rest is used for savings.
In life insurance, unlike non-life products, you get maturity benefits on
survival at the end of the term. In other words, 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. In the unfortunate event of death within the tenure of the
policy, the family of the deceased will receive the sum assured.
Now, let us compare insurance as an investment options. If you invest
Rs 10,000 in PPF, your money grows to Rs 10,950 at 9.5 per cent
interest over a year. But in this case, the access to your funds will be
limited. One can withdraw 50 per cent of the initial deposit only after 4
years.
The same amount of Rs 10,000 can give you an insurance cover of up
to approximately Rs 5-12 lakh (depending upon the plan, age and
medical condition of the life insured, etc) and this amount can become
immediately available to the nominee of the policyholder on death.
Thus insurance is a unique investment avenue that delivers sound
returns in addition to protection

years.
returns in addition to protection.
Types of life insurance corporation
Term Life Insurance

Term Life Insurance is a type of insurance policy whereby the
insured pays a fixed sum for a period of time. This sum
remains constant. The premium charged is very nominal.
The Policy holders normally survive even after its expiry
unless they are affected by fatal disease or injured in an
accident. This policy does not cost much. 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.
Such a change could sometimes be too high. This is one
of the drawbacks of this policy. But for this factor, it is
economical and highly recommended for the salaried
youth and middle men. Whole term insurance policy is
another classification in term life insurance. In a whole
term insurance the insured pays the fixed amount
throughout his life.
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.
The employer either pays the premiums from his kitty or
by deducting the appropriate amount from the salary of
individual employees. 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.
Level term Life Insurance

This type of insurance requires you to select a particular
period and pay premiums for the selected period. The
policy automatically matures on the attainment of the
selected period. Once you select the term say 5 10 or 15
years you cannot revoke it. This type of insurance is
ideal for those people who are not able to make long
term financial plans.
Permanent insurance
Life Insurance is an expensive Policy. 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. 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.
Such surplus will be deposited by the company in a
separate account. They will yield higher returns if the
company performs well. A share of the profits is
periodically dispatched to you. 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 .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,
when you withdraw certain amount of money within the
given limit you need not pay income tax for that amount.
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, when you withdraw certain amount of money within
the given limit you need not pay income tax for that
amount. But when you deposit money in the bank you
have to pay income tax irrespective of the fact you
utilize it or not.
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.
HDFC Standard Life Insurance
A little about HDFC Standard Life Insurance.

HDFC Standard Life Insurance is a new Indian life insurance
company that operates out of 52 locations. It offers clients a
range of insurance plans to meet their savings, investment and
protection needs. In the financial year 2002-03, the company
registered a year-on-year growth of over 260%. It is also the
first new life insurance company to declare its third successive
bonus for participating policy holders.
The company's growing pains. In order to survive in the
insurance segment, HDFC had to introduce new products. They
wanted to launch a Unit Linked Insurance Scheme in 2 months.

They were looking for a robust and integrated solution to
support the new product. HDFC was also facing numerous
problems with their current systems in terms of performance,
reliability and scalability. IBM was the right choice.
The IBM solution.The financial community in India and all over
the world had opted for the IBM eServer iSeries. HDFC
Standard Life Insurance decided to do.
the same. The solution recommended by IBM included an

eServer iSeries model 810 Enterprise Edition for production
and a Model 800 Standard for testing and development. Both
the systems currently run LifeAsia/400.
The result - Life is secure.With CSC LifeAsia and the iSeries,

HDFC could complete projects much ahead of their deadlines.
They found the IBM iSeries a highly integrated system that
made implementation faster and more efficient.
BAJAJ LIFE INSURANCE

Bajaj Allianz Life Insurance Co Ltd is a unique joint venture among the
global giants Allianz Group (AG) and Bajaj Auto. Allianz AG's world
ranking establishes it among the top insurance companies in the world.
Bajaj is the biggest two and three wheeler manufacturer in the world.
Bajaj Allianz Life Insurance Company boasts of a nationwide presence
with 876 offices and over 4 million satisfied customers. 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.
Group Insurance Schemes
Insurance For Employee-Employer Groups

Insurance For Non-Employer - Employee Groups
Employees Deposit Linked Insurance
New Group Superannuation Scheme .
NEW GROUP Gratuity Care Scheme.
Special Insurance Policies for NRI's
Investgain Endowment Plan

Cashgain Money Back Plan
Childgain Kids Special Plan.
SWARNA Vishranthi.
Bajaj Allianz India offers convenient premium payment and receipt

options. The payments can be direct through cheques, DD's or directly
from your accounts or through credit card. The premiums can also be
paid online. The insurance policy holders who also have an account
with Standard Chartered Bank can avail the direct debit mandate
facility.
The Bajaj Allianz Life Insurance website offers human life value
estimator, child education cost calculator, retirement solutions and
required pension estimator and premium calculator online. The Bajaj
Allianz insurance agents will guide you about the general life insurance
policies best suited to your needs. The insurance agent also briefs you
about the insurance quote and the terms on the policy quotes.
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. Initially it started by assembling
two and three wheelers in collaboration with Piaggio of Italy. After the
expiry of the agreement in 1971 the two and three wheelers acquired
the brand name of Bajaj. 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.
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. It is also the largest insurer in Europe. Allianz group
has multi-local structure and presence in over 70 countries. The key
business areas of Allianz group include General Insurance (property,
engineering, marine, motor, casualty and miscellaneous), Reinsurance,
Risk Management, Life & health insurance, Asset Management and
Pension Funds Management.
Cornhill Insurance in the United Kingdom, Fireman's Fund in the United
States of America, AGF in France, RAS s.p.a in Italy, MMI in Australia
are some companies under Allianz group. Rated 'AAA' by S&P it has
assets over 670 billion DM (Rs. 17,160 billion) under its management
with employee strength of over 1,05,700..
The Joint Venture

Allianz Bajaj Life Insurance Co. Ltd. company is a joint venture
between Allianz AG and Bajaj Auto Limited. Characterized by global
presence with a local focus and driven by customer orientation to
establish high earnings potential and financial strength, Allianz Bajaj
Life Insurance Co. Ltd. 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.
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
WOMEN
INSURANCE
Miss Confident
Plans
GROUP
Non Employer
Employee
Credit Shield
Group Term
Life(Non Employer
Employee)
Group Suraksha
Swayam Shakti
Suraksha
Group Loan
Protector
Group Income
Protection
HEALTH
Care First
CHILDREN PLAN
ChildGain
Health Care
Family
CareFirst
MICRO
INSURANCE
Alp Nivesh
Yojana
Jana Vikas
Yojana
Saral
Suraksha
Yojana
JUST LAUNCHED
Family Assure
Fortune Plus
CenturyPlus II
UnitGain
Protection Plus
Invest Plus
ADDITIONAL
RIDER BENEFITS
Unit Linked
Additional Rider
Benefits
UL Waiver of
Premium Benefit
UL Family
Income Benefit
Non Unit Linked
Additional Rider
Benefits
WHAT IS LIFE INSURANCE

Human life is subject to risks of death and disability due to natural and
accidental causes. When human life is lost or a person is disabled
permanently or temporarily, there is a loss of income to the household.
The family is put to hardship. Sometimes, survival itself is at stake for
the dependants. Risks are unpredictable. Death/disability may occur
when one least expects it. An individual can protect himself or herself
against such contingencies through life insurance.
Life insurance is insurance on human beings. Though Human life
cannot be valued, a monetary sum could be determined which is based
on loss of income in future years. Hence in life insurance, 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. 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.
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.
There are a number of life insurance products which offer protection

and also coupled with savings.
A term insurance product provides a fixed amount of money on death
during the period of contract.
A whole life insurance product provides a fixed amount of money on
death.
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.
A money back assurance product provides not only fixed amounts
which are payable on specified dates during the period of contract, but
also the full amount of money assured on death during the period of
contract.
An annuity product provides a series of monthly payments on
stipulated dates provided that the life assured is alive on the stipulated
dates.
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.
There are a variety of life insurance products to suit to the needs of
various categories of peoplechildren, youth, women, middle-aged
persons, old people; and also rural people, film actors and unorganized
labourers.
Life insurance products could be purchased from registered life
insurers notified by the IRDA. Insurers appoint insurance agents to sell
their products. 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.
Thus life insurance policies offer protection and security to families and
provide happiness to society.
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. Headquartered in Mumbai, which is considered
the financial capital 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, LIC also has a network of around one million agents.
Life Insurance is insurance for you and your family's peace of mind.
Life insurance is a policy that people buy from a life insurance
company, which can be the basis of protection and financial stability
after one's death. Its function is to help beneficiaries financially after
the owner of the policy dies.
It can also be a form of savings in the long run if you purchase a plan,
which offers the option of contributing regularly. Additionally, 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. These are considered PRIVATE
PENSION
HISTORY OF LIFE INSURANCE
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. Oriental Life Insurance Company
started by Europeans in Calcutta was the first life insurance
company on Indian Soil. 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. However, later with the efforts of eminent people
like Babu Muttylal Seal, the foreign life insurance companies

started insuring Indian lives. But Indian lives were being
treated as sub-standard lives and heavy extra premiums
were being charged on them. 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. Starting as Indian enterprise with highly
patriotic motives, insurance companies came into existence
to carry the message of insurance and social security
through insurance to various sectors of society. Bharat
Insurance Company (1896) was also one of such companies
inspired by nationalism. The Swadeshi movement of 19051907 gave rise to more insurance companies. The United
India in Madras, National Indian and National Insurance in
Calcutta and the Co-operative Assurance at Lahore were
established in 1906. In 1907, Hindustan Co-operative
Insurance Company took its birth in one of the rooms of the
Jorasanko, house of the great poet Rabindranath Tagore, in
Calcutta. The Indian Mercantile, General Assurance and
Swadeshi Life (later Bombay Life) were some of the
companies established during the same period. Prior to 1912
India had no legislation to regulate insurance business. In
the year 1912, the Life Insurance Companies Act, and the
Provident Fund Act were passed. The Life Insurance
Companies Act, 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, putting the
Indian companies at a disadvantagein insurance business.
From 44 companies with total business-in-force as Rs.22.44
crore, it rose to 176 companies with total business-in-force
as Rs.298 crore in 1938. During the mushrooming of
insurance companies many financially unsound concerns
were also floated which failed miserably. 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. The demand for
nationalization of life insurance 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. However, it was
much later on the 19th of January, 1956, that life insurance
in India was nationalized. About 154 Indian insurance
companies, 16 non-Indian companies and 75 provident were
operating in India at the time of nationalization.
Nationalization was accomplished in two stages; initially the
management of the companies was taken over by means of
an Ordinance, and later, the ownership too by means of a
comprehensive bill. The Parliament of India passed the Life
Insurance Corporation Act on the 19th of June 1956, and the
Life Insurance Corporation of India was created on 1st
September, 1956, 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, providing them adequate financial cover at a
reasonable cost.
LIC had 5 zonal offices, 33 divisional offices and 212 branch

offices, apart from its corporate office in the year 1956.
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 branches were made accounting units. It
worked wonders with the performance of the corporation. It
may be seen that from about 200.00 crores of New Business
in 1957 the corporation crossed 1000.00 crores only in the
year 1969-70, and it took another 10 years for LIC to cross
2000.00 crore mark of new business. But with reorganisation happening in the early eighties, by 1985-86 LIC
had already crossed 7000.00 crore Sum Assured on new

policies.
Today LIC functions with 2048 fully computerized branch
offices, 100 divisional offices, 7 zonal offices and the
Corporate office. LICs 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.

Bear in mind, in the investment of funds, the primary obligation
to its policyholders, whose money it holds in trust, without losing
sight of the interest of the community as a whole; the funds to be
deployed to the best advantage of the investors as well as the
community as a whole, keeping in view national priorities and
obligations of attractive return.
Conduct business with utmost economy and with the full
realization that the moneys belong to the policyholders.
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.
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.
Promote amongst all agents and employees of the Corporation a sense

of participation, pride and job satisfaction through discharge of their
duties with dedication towards achievement of Corporate Objective.
TYPES OF LIFE INSURANCE
Term Insurance Policy
A term insurance policy is a pure risk cover for a specified

period of time. What this means is that the sum assured
is payable only if the policyholder dies within the policy
term. For instance, if a person buys Rs 2 lakh policy for
15-years, his family is entitled to the money if he dies
within that 15-year period.
What if he survives the 15-year period? Well, then he is

not entitled to any payment; the insurance company
keeps the entire premium paid during the 15-year period.
Whole Life Policy

As the name suggests, a Whole Life Policy is an insurance
cover against
, irrespective of when it happens.
Under this plan, the policyholder pays regular premiums until
his death, following which the money is handed over to his
family.
This policy, however, fails to address the additional needs of

the insured during his post-retirement years. It doesn't take
into account a person's increasing needs either. While the
insured buys the policy at a young age, his requirements
increase over time. By the time he dies, the value of the sum
assured is too low to meet his family's needs. As a result of
these drawbacks, insurance firms now offer either a modified
Whole Life Policy or combine in with another type.
ENDOWMENT Policy
In an Endowment Policy, the sum assured is payable even

if the insured survives the policy term.
If the insured dies during the tenure of the policy, 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, whereby if the person covered remains alive
beyond the tenure of the policy, he gets back the sum
assured with some other investment benefits.
In addition to the basic policy, insurers offer various benefits

such as double endowment and marriage/ education
endowment plans. The cost of such a policy is slightly higher
but worth its value.
TYPES OF LIFE INSURANCE
Term Insurance Policy.
Whole Life Policy.
Endowment Policy.
Money Back Policy.
Annuities And Pension
Life insurance as "Tax planning"

Insurance serves as an excellent tax saving
mechanism too. The Government of India has offered
tax incentives to life insurance products in order to
facilitate the flow of funds into productive assets.
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. The rebate is deductible
from tax payable by the individual or a Hindu
Undivided Family. This rebate is can be availed upto a
maximum of Rs 12,000 on payment of yearly premium
of Rs 60,000. By paying Rs 60,000 a year, you can buy
anything upwards of Rs 10 lakh in sum assured.
(depending upon the age of the insured and term of
the policy) This means that you get a Rs 12,000 tax
benefit. The rebate is deductible from the tax payable
by an individual or a Hindu Undivided Family.
Life insurance as "Risk cover"
First and foremost, insurance is about risk cover and protection financial protection, to be more precise - to help outlast life's
unpredictable losses. Designed to safeguard against losses suffered on
account of any unforeseen event, insurance provides you with that
unique sense of security that no other form of investment provides. By
buying life insurance, you buy peace of mind and are prepared to face
any financial demand that would hit the family in case of an untimely
demise.
To provide such protection, insurance firms collect contributions from
many people who face the same risk. A loss claim is paid out of the
total premium collected by the insurance companies, who act as
trustees to the monies.
Insurance also provides a safeguard in the case of accidents or a drop
in income after retirement. An accident or disability can be
devastating, and an insurance policy can lend timely support to the
family in such times. It also comes as a great help when you retire, in
case no untoward incident happens during the term of the policy.
With the entry of private sector players in insurance, you have a wide
range of products and services to choose from. Further, many of these
can be further
ROLE OF LIFE INSURANCE

years.
returns in addition to protection
years.
returns in addition to protection.
Insurance Companies In India
Birla Sun Life Insurance Co. Ltd
HDFC Standard life Insurance Co. Ltd
ICICI Prudential Life Insurance Co. Ltd.
ING Vysya Life Insurance Company Ltd.
Life Insurance Corporation of India
Max New York Life Insurance Co. Ltd
Met Life India Insurance Company Ltd.
Kotak Mahindra Old Mutual Life Insurance Limited
SBI Life Insurance Co. Ltd
Tata AIG Life Insurance Company Limited
Reliance Life Insurance Company Limited.
Aviva Life Insurance Co. India Pvt. Ltd.
Shriram Life Insurance Co, Ltd.
Sahara India Life Insurance
Bharti AXA Life Insurance
Future Generali Life Insurance
IDBI Fortis Life Insurance
Canara HSBC Oriental Bank of Commerce Life

Insurance
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
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. Ltd
HDFC LIFE INSURANCE

HDFC Standard Life Insurance Co. Ltd was incorporated on 14th
august 2000. It is a joint venture between Housing Development
Finance Corporation Limited (HDFC Ltd.) India and UK based Standard
Life Company. Both the joint venture partners being one of the leaders
in their respective areas came together in this 81.4:18.6 joint venture
to form HDFC Standard Life Insurance Company Limited .
The MD and CEO of HDFC Standard Life Mr. Deepak Satwalekar, has
given the company new directions and has helped the company
achieve the status it currently enjoys. 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.
HDFC Standard Life Insurance India boasts of covering around 8.7 lakh
lives by March'2007. The gross incomes standing at a whopping Rs. 2,
856 crores, HDFC Standard Life Insurance Corporation is sure to

become one of the leaders and the first preference for any life
insurance customer.
The Bancassurance partners of HDFC Standard Life Insurance Co Ltd
are HDFC, HDFC Bank India Limited, Union Bank of India, Indian Bank,
Bank of Baroda, Saraswat Bank and Bajaj Capital.
Factors Affecting Insurance Quotes

Some of the factors that affect life insurance quotes are as follows
Health
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
. MINIMUM ISSUE AGE OF 0 (30DAYS) AND MAXIMUM AGE OF
60 YEARS WITH MAXIMUM MATURITY AGE OF 75 YEARS.

. POLICY TERM: 15/20/25/30 YEARS.
. PRENIUM PAYING TERM: SAME AS POLICY TERM.
. MINIMUN ANNUALIZED PRENIUM: RS.18000.

. MAXIMUN ANNUALIZED PRENIUM: RS.50000.
. SUM ASSURED: 5 TIMES THE ANNUALIZED PREMIUM.
. SIX INVESTMENT FUND OPTIONS.
BENEFITS UNDER JEEVAN LAKSHYA PLAN
DEATH BENEFIT
MATURITY BENEFIT
ADDITIONAL ALLOCATION
SETTLEMENT OPTION
DECREASE THE TOP- UP SUM ASSURED
WHERE THE MONEY INVESTED?
EQUITY FUND
INCOME FUND
AGGRESSIVE GROWTH FUND
STABLE GROWTH FUND
SHORT TERM FIXED INCOME FUND
HOW NAV IS CALCULATED?
NAV MEANS NET ASSET VALUE . 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.
POLICY YEAR
X%
10
15
20
9+
NR
SWARANA JEEVAN
PRENIUM PAYMENT OPTION

MIN./MAX.ISSUE AGE
MIN. VESTING AGE
MAX.VESTING AGE
MINIMUM ANNUALIZED
PRENIUM
REGULAR LIMITED PERIOD:5

YEARS
18 YEARS/65 YEARS
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
. FLEXIBILITY OF POLICY TERM.

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

. PROTECTION PLAN
. CHILDREN PLAN
. 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. Securing the future of ones family is one
of the most important goals of life. Protection Plans go a long way in ensuring
your familys financial independence in the event of your unfortunate demise or
critical illness. They are all the more important if you are the chief wage earner in
your family. No matter how much you have saved or invested over the years,
sudden eventualities, such as death or critical illness, always tend to affect your
family financially apart from the huge emotional loss.
For instance, consider the example of Amit who is a healthy 25 year old guy with
a income of Rs. 1,00,000/- per annum. Let's assume his income increases at a
rate of 10% per annum, while the inflation rate is around 4%; this is how his
income chart will look like, until he retires at the age of 60 years. At 50 years of
age, Amits real income would have been around Rs. 10,00,000/- per annum.
However, in case of Amits unfortunate demise at an early age of 42 years, the
loss of income to his family would be nearly Rs. 5,00,000/- per annum.
HDFC Childrens Plan
As a parent, your priority is your childs future and being

able to meet your childs dreams and aspirations. With
our HDFC Childrens Plan, you can start building your
savings today and ensure a bright future for your child.
This With Profits plan is designed to secure your
childs future by giving your child (Beneficiary) a
guaranteed lump sum on maturity or in case of your
unfortunate demise, early into the policy term.
Features
.
Advantages
Lets you customise an ideal plan for your child and

provide invaluable financial support
The Double Benefit Plan Option helps you secure

your childs immediate and future needs. In case of
your unfortunate demise, we will pay the Sum
Assured to your child (Beneficiary). Your family
need not pay any further premiums and the policy
continues. And on maturity of the plan, we will pay
you the Sum Assured plus Bonuses Declared
You can choose to pay your premium as either

Annually, Half-Yearly or Quarterly depending on
your convenience. You also have a range of
convenient auto premium payment options
Tax benefits are offered under section 80C and

10(10D) of the Income Tax Act, 1961 .
BAJAJ LIFE INSURANCE PLANS

Unit Linked Plans
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 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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ACHIEVEMENTS OF RELIANCE LIFE

RLIC closed the last financial year with a

For 3 successive years, since inception, the Company

largest private player in just two years starting at

The Company has also won the DL Shah Quality Council

DIRECTORS OF RELIANCE LIFE

Gautam Doshi, Director

Satya Pal Talwar,

Satya Pal is the Director of Reliance Life Insurance Company

Saumen Ghosh, Group President

Saumen is currently the Group President of Reliance Capital

LIFE INSURANCE CORPORTION

100 Divisional Offices situated all around the country. In addition to

The Endowment Assurance Policy

Jeevan Mitra(Triple Cover Endowment Plan)

DATE OF LIC ESTABLISHMENT

1st Floor,West Wing, Mumbai Do-Iv,

8 Zonal Offices and 101 Divisional

The largest life insurance company in

Information Technology in servicing

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ROLE OF LIFE INSURANCE CORPORTION

Insurance is an attractive option for investment. While most people

Types of life insurance corporation

Term Life Insurance