सीधे मुख्य सामग्री पर जाएं

Reliance SIP Insure Details


Reliance SIP Insure facility is an add on feature of life insurance cover under Group Term Insurance to individual investors opting for SIP in the designated schemes.
What is the Facility?

Reliance SIP Insure provides free life insurance cover to investors at no extra cost. In the unfortunate event of the demise of an investor during the tenure of the SIP, the insurance cover will take care of the unpaid installments.


Amount of Life Insurance Cover Available

The Life Insurance Cover under ‘SIP Insure’ facility will be enhanced as per the following clauses; 

An amount equivalent to the aggregate balance of unpaid SIP installments, subject to a maximum of Rs.10 lakhs per investor across all schemes / plans and folios will be invested in the Nominee’s account.

The amount of life insurance cover shall be invested in the Nominee’s account in the same scheme under which the deceased investor has enrolled for SIP Insure at the applicable price based on the closing NAV on the date on which the cheque for insurance claim settlement is received by the AMC from the insurance company, subject to completion of requisite procedure for transmission of units in favour of the nominee.

Reliance SIP Insure – How does this work?
·         An investor does a monthly SIP of Rs.10,000 for 5 years in Reliance Growth Fund
·         If he dies after a period of 3 yrs, then his Sum Assured= Unpaid SIP installments= 2 yrs ( 5 yrs-3 yrs) X 12 months X 10, 000 = Rs 2,40,000

This amount will be paid by Life Insurance Company to SIP investors nominee account with Reliance Mutual Fund and will be invested in Reliance Growth Fund (in the same scheme in which the deceased has earlier invested)
The insurance cover shall cease upon occurrence of any of the following:
·         At the end of mandated Reliance SIP Insure tenure. i.e., upon completion of payment of all the monthly installments as registered or till attaining 55 years of age whichever is earlier.
·         Discontinuation of SIP installments midway by the investor i.e., before completing the opted SIP tenure /installments or till attaining 55 years of age, whichever is earlier
·         Redemption / switch-out of units purchased under Reliance SIP Insure before completion of the mandated SIP tenure / installments or till attaining 55 years of age, whichever is earlier
·         In case of default in payment of two consecutive monthly SIP installments or four separate occasions of such defaults during the tenure of the SIP duration chosen or till attaining 55 years of age, whichever is earlier
Note -There is no provision for revival of insurance cover, once the insurance cover ceases as stated above

Load Structure

·         There will an Exit Load of 2%, if the accumulated units acquired or allotted under Reliance SIP Insure are redeemed or switched out or the SIP Insure is discontinued or it is defaulted before the maturity of committed SIP Insure tenure or before completion of 55yrs of age whichever is earlier as opted in the respective scheme either by the SIP-Insure unit holder or by the nominee, as the case may be.

Designated Schemes in which Reliance SIP Insure will be offered
·         Reliance Growth Fund - Retail Plan
·         Reliance Vision Fund - Retail Plan
·         Reliance Equity Opportunities Fund - Retail Plan
·         Reliance Equity Fund - Retail Plan
·         Reliance Equity Advantage Fund- Retail Plan
·         Reliance Regular Savings Fund – Equity option
·         Reliance Regular Savings Fund – Balanced option
·         Reliance Banking Fund – Retail Plan
·         Reliance Pharma Fund
·         Reliance Media & Entertainment Fund
·         Reliance Diversified Power Sector Fund – Retail Plan
·         Reliance Natural Resources Fund – Retail Plan
·         Reliance Quant Plus Fund – Retail Plan
·         Reliance Tax Saver (ELSS) Fund
·         Reliance Long Term Equity Fund
·         Reliance Infrastructure Fund- Retail Plan
·         Reliance Small Cap Fund

For Investment in any Mutual Fund :  Call Rajendra 8007750904 or SMS       " SIP" 
लेबल:

टिप्पणियाँ

एक टिप्पणी भेजें

इस ब्लॉग से लोकप्रिय पोस्ट

बाय नाऊ पे लेटर - लोन की सुविधा क्या फायदेमंद है

  बाय नाउ पे लेटर (BNPL) का कन्सेप्ट अपने यहाँ ऑनलाइन शॉपिंग की वजह जल्दी हो गया है।  आज की दौर सभी को लोन लेके शॉपिंग करना अच्छा लगता है। इसके चलते बहुत सारे कंपनी इस प्रकार से लोन दे रही है।  और आगे जाके बहुत कंपनी आ जाएगी।  तो देखते है के ये  BNPL -अभी शॉपिंग करे और बाद में पैसे दे।  बाय नाउ पे लेटर (BNPL) का इतिहास: इस का इतिहास अपने यहाँ बहुत पुराना है। १९ वी सदी में, जब लोग महंगा सामान (फर्नीचर, खेती के अवजार इत्यादि) खरीद करते थे तब वे  दूकानदार से क़िस्त पे लाते थे। दुकानदार उनसे हर महीने, हप्ते जैसे ग्राहक के पास पैसे आते थे वैसे वो ले लेता था।  इस व्यापार में दोनो का फायदा होता था। जैसे के ग्राहक को सामान मिलता और दुकानकार का महंगावाला सामान बिक जाता था।  BNPL कैसे काम करता है ? इसके आप को BNPL सुविधा देनेवाले प्रोवाइडर के ऐप या वेबसाइट पे जाके रजिस्टर करना होता है।   इसके बाद आपका सॉफ्ट क्रेडिट चेक कर के आपको एक राशी लिमिट के तौर पे प्रदान कराती है। आगे जब आप शॉपिंग करते है तो उसका भुगतान आप  BNPL  सुविधा के जरिए...
एक टिप्पणी भेजें
Latest Post Update

CARE IPO Subscription Details

First Day no response of CARE IPO Issue. Investor not interested to park money today taking Sat. /Sunday Interest benefit , waiting for Monday for subscription. CARE IPO Subscribe 41  times, Retail portion only 5 times NSE & BSE Subscription Data – 11 Dec 2012  Closing Data   Category Issue Offer BSE NSE Total Subscribe     Times Category I 25,19,896 3,11,58,820 8,42,54,060 11,54,12,880 45.80 Category II 10,79,955 10,92,80,720 1,05,54,840 11,98,35,560 110.96 Category III 25,19,895 91,92,220 63,70,640 1,55,62,860 6.17 61,19,746 25,08,11,300 40.98 10 Dec 2012 Finally Oversubscribe CARE IPO   2.25 times Monday 2 PM Subscription details – .48 time Subscribe Issue Table 7 Dec 2012 Category No Share Offer No of Share Bid for No of time subscribe Day 2 10 Dec 2012 Category I 25,19,896 88,24,980 3.50 Category II 10,79,955 4,14,120 0.38 Category III 25,19,895 45,15,980 1.79 Total 61,19,746 1,37,55,080 2.25 Day 1 7 Dec 2012 I - QI...
एक टिप्पणी भेजें
Latest Post Update

Allotment & Listing L&T Long Term Infrastructure Bond Tranche 2

L&T Infrastructure Finance Company Limited - Long Term Infrastructure Bonds(Tranche 2) in the nature of Secured, Redeemable, Non-Convertible Debentures (NCDs) having benefits under Section 80CCF of The Income Tax Act, 1961 .  Allotment Link :      http://www.shareproservices.com/AppStatus.asp   BSE Listing Date     :    28 Mar  2012 Script Code             :     961737 & 961738 ISIN No                    :     INE691I07299 & INE691I07307 Registrar of Issue    :  Sharepro Services (India) Private Limited 13 A B,Samhita Warehousing Complex,2 nd Floor, Sakinaka, Andheri (E),Mumbai-400072 Tel: (91 22) 6191 5400/351/352  Fax: (91 22) 6191 5444 Investor Grievance Email:sharepro@shareproservices.com Website: ...
एक टिप्पणी भेजें
Latest Post Update