Plan Parameters 




Size of the Group

10 members

No limit

Age at entry (years)



Age at maturity (years)



Sum Assured (Rs.)

1000 per member

No limit

Contribution (Rs.)


No limit

Contribution frequency

Yearly, Half-yearly, Quarterly, Monthly

Policy term (years)

1 year ( yearly renewable)



• Mortality Charges
Mortality charges will Rs. 1 per Rs. 1,000 Sum Assured. Mortality charges will be deducted in advance on monthly basis from the policy account.
• Rider Premium
Rider premium will be deducted on a monthly basis along with base mortality charges. The rider premium payment term will be either equal to or lower than the premium payment term of this Policy. If the Policy Account Value falls below the minimum amount required for the deduction of base mortality charges and rider charges, if any, the insurance benefits shall cease immediately, the policy will be terminated and the remaining policy account value, if any, will be paid back to the Master Policyholder.
• Surrender Charges
If the policy is being surrendered within 3 years of policy inception, then surrender charge is 0.05% of the fund, with a maximum of Rs. 5,00,000. After the third policy anniversary, there is no surrender charge except the Market Value Adjustment (MVA), if any.
• Fund Management Charge
A Fund Management charge of 0.75% p.a. will apply.

For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. UIN for Reliance Traditional Group Employee Benefit Plan:121N102V01

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