Reliance Super Golden Years Term 10 Plan
Reliance Super golden Years Term 10 Plan is a flexible unit linked pension product from Reliance Life Insurance. It offers different eight investment funds to choose from-New Money Market Fund, New Balanced Fund, New Growth Fund, New Equity Fund, New Infrastructure Fund, New Energy Fund, New Mid-cap Fund and New Pure Equity Fund. The plan also gives the option of top up premiums and flexibility to switch between funds.
1. On vesting, following options are available-
To purchase annuity plan for the full fund value
To commute up to one third value as tax free lump sum and the balance can be used for the purchase of annuity.
To purchase annuity plan either from Reliance Life Insurance Company or from any other registered Life Insurance Company.
2. On death of the life assured during the term of the policy, the beneficiary will receive the fund value.
Premium paid for the policy is eligible for tax benefit under the Income Tax Act,1961.
|Age at Entry||18 to 65 years|
|Age at Vesting||75 years|
|Policy Term||10 years|
|Premium Paying Mode||Single, Annual, Half Annual, Quarterly & Monthly|