swapna
05-06-2008, 05:45 PM
NFO Dates : 12 Jun-31 Jul 08
Investment Objective:
The objective of ‘Reliance SIP Insure’ is that, in the unfortunate event of death of an investor before completing the opted SIP tenure, the balance amount towards the SIP installments remaining unpaid shall be made good from the life insurance cover and the nominee would be able to continue in the sheme without having to make any further contribution, so that investor’s long term financial planning and objective of investing through SIP could still be fulfilled as per the targeted time horizon, even if he dies prematurely.
Benefits of investing in Reliance SIP Insure
Benefits of investing in Reliance SIP Insure are:
Systematic Investment Plan allows the investor to avail benefits of:
Rupee Cost Averaging
Power of Compounding
Less pressure on pocket
Life Insurance Cover
o Free
o Unlike other assurance products which charge huge amounts of premium, this product gives the same benefit along with a benefit of capital appreciation at NO EXTRA COST.
o Helps to complete the planned investments and secures the future of the investor’s kin & kith.
Inculcates saving habits
Choice of schemes
Number of Reliance schemes available under this format:
§ Reliance Vision Fund
§ Reliance Growth Fund
§ Reliance Equity opportunities Fund
§ Reliance Regular Savings Fund ( Equity & Balanced Option)
§ Reliance Equity Fund: Retail plan
§ Reliance Banking Fund
§ Reliance Diversified Power Sector Fund-Retail Plan
Convenience:
Auto Debit facility available.
ECS facility across 65 locations.
Nominee
Nominee account would mean nominee in case of single holding & second or joint holder in case of Joint Holding.
Eligibility:
All individual investors enrolling for investments via SIP & opting for ‘Reliance SIP Insure’
Only individual investors whose completed age is greater than 20 years and less than 46 years at the time of investment.
In case of multiple holders in the any scheme, only the first unit holder will be eligible for the insurance cover.
Maximum period to apply
15 years OR till attaining 55 years of age, whichever is earlier. For e.g. an investor can register himself in Reliance SIP Insure Scheme for maximum of 10 years at the age of 45 years, but he can continue the SIP in the given scheme even after 55 years of age but without insurance cover.
Insurance cover will cease to exist
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.
Discontinuation SIP installments midway by the investor i.e., before completing the opted SIP tenure /installments.
Redemption / switch-out of units purchased under Reliance SIP Insure before completion the mandated SIP tenure / installments
In case of default in payment for two consecutive monthly SIP installments or four separate occasions of such defaults during the tenure of the SIP duration chosen then the insurance cover will cease to exist.
Note -There is no provision for revival of insurance cover, once the insurance cover ceases as stated above.
Fund Facts
· Minimum Investment per installment: Rs.2000 per month & in multiples of Re 1 thereafter. There is no upper limit
· Minimum Period of Contribution: 3 years and in multiples of 1 year thereafter.
· Maximum Period of Contribution: 15 years OR till attaining 55 years of age, whichever is earlier (e.g., a person can register an SIP of maximum 10 yrs at the age of 45 yrs.) The insurance cover ceases when the investor attains 55 years of age.
· Mode of payment of SIP installments is only through Direct Debit & ECS ( Post Dated cheques shall not be accepted)
Investment Objective:
The objective of ‘Reliance SIP Insure’ is that, in the unfortunate event of death of an investor before completing the opted SIP tenure, the balance amount towards the SIP installments remaining unpaid shall be made good from the life insurance cover and the nominee would be able to continue in the sheme without having to make any further contribution, so that investor’s long term financial planning and objective of investing through SIP could still be fulfilled as per the targeted time horizon, even if he dies prematurely.
Benefits of investing in Reliance SIP Insure
Benefits of investing in Reliance SIP Insure are:
Systematic Investment Plan allows the investor to avail benefits of:
Rupee Cost Averaging
Power of Compounding
Less pressure on pocket
Life Insurance Cover
o Free
o Unlike other assurance products which charge huge amounts of premium, this product gives the same benefit along with a benefit of capital appreciation at NO EXTRA COST.
o Helps to complete the planned investments and secures the future of the investor’s kin & kith.
Inculcates saving habits
Choice of schemes
Number of Reliance schemes available under this format:
§ Reliance Vision Fund
§ Reliance Growth Fund
§ Reliance Equity opportunities Fund
§ Reliance Regular Savings Fund ( Equity & Balanced Option)
§ Reliance Equity Fund: Retail plan
§ Reliance Banking Fund
§ Reliance Diversified Power Sector Fund-Retail Plan
Convenience:
Auto Debit facility available.
ECS facility across 65 locations.
Nominee
Nominee account would mean nominee in case of single holding & second or joint holder in case of Joint Holding.
Eligibility:
All individual investors enrolling for investments via SIP & opting for ‘Reliance SIP Insure’
Only individual investors whose completed age is greater than 20 years and less than 46 years at the time of investment.
In case of multiple holders in the any scheme, only the first unit holder will be eligible for the insurance cover.
Maximum period to apply
15 years OR till attaining 55 years of age, whichever is earlier. For e.g. an investor can register himself in Reliance SIP Insure Scheme for maximum of 10 years at the age of 45 years, but he can continue the SIP in the given scheme even after 55 years of age but without insurance cover.
Insurance cover will cease to exist
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.
Discontinuation SIP installments midway by the investor i.e., before completing the opted SIP tenure /installments.
Redemption / switch-out of units purchased under Reliance SIP Insure before completion the mandated SIP tenure / installments
In case of default in payment for two consecutive monthly SIP installments or four separate occasions of such defaults during the tenure of the SIP duration chosen then the insurance cover will cease to exist.
Note -There is no provision for revival of insurance cover, once the insurance cover ceases as stated above.
Fund Facts
· Minimum Investment per installment: Rs.2000 per month & in multiples of Re 1 thereafter. There is no upper limit
· Minimum Period of Contribution: 3 years and in multiples of 1 year thereafter.
· Maximum Period of Contribution: 15 years OR till attaining 55 years of age, whichever is earlier (e.g., a person can register an SIP of maximum 10 yrs at the age of 45 yrs.) The insurance cover ceases when the investor attains 55 years of age.
· Mode of payment of SIP installments is only through Direct Debit & ECS ( Post Dated cheques shall not be accepted)