Sales Literature Reliance Critical Condition (25) Rider. A Non-Linked, Non-Participating, Protection Rider

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1 A Nn-Linked, Nn-Participating, Prtectin Rider Advancement in medical science and facilities has dramatically imprved quality f life and its expectancy. Despite this, we are still vulnerable t many pssible illnesses. Three cmmnly encuntered critical illnesses, that affect the majrity, are - cancer, heart attack and strke. Hwever, the lesser knwn critical illnesses like Lss f Speech r Mtr Neurn Disease can be equally detrimental. One may survive a critical illness, but such survival cmes with a steep cst f medical expenses. Reliance Critical Cnditin (25) Rider prvides lump sum benefit n diagnsis f 25 mst cmmn critical illnesses. With Reliance Critical Cnditin (25) Rider Get prtectin against 25 critical illnesses Receive additinal prtectin at a nminal cst Get lump sum benefit n the diagnsis f critical illnesses Ease f enrlment Receive tax benefits Key benefits Prtectin Get prtectin against 25 Critical Illnesses Illness Cverage An amunt equal t the Sum Assured is paid n diagnsis f Critical Illness Ease f enrllment Rider can be pted n cmmencement f the Base Plicy r at subsequent plicy anniversaries Prtectin at a nminal cst Ecnmical way t prtect yur family against financial liabilities Tax benefits Enjy tax benefits n the premiums paid and benefits received, as per applicable incme tax laws Uplad_V1.0 Page 1 f 9

2 Hw des the plan wrk? Let s take an example: Sudhir, aged 30 years, pts fr a savings plan with Reliance Life Insurance and fr the enhanced prtectin f his family, he pts fr Reliance Critical Cnditin (25) Rider and: Chses rider term f 20 years and Sum Assured f Rs.5 Lakh (Equal t the Sum Assured f his Savings plicy) Pays regular premium f an annual premium f Rs p.a. (exclusive f taxes and assuming that he is in gd health) fr the entire term f the rider In the unfrtunate event, n the diagnsis f any f the named 25 Critical Illness after 180 days f inceptin f the Rider cver, he will get lump sum benefit amunt equal t Sum Assured i.e. Rs. 5 Lakh Reliance Critical Cnditin (25) Rider at a glance Parameters Minimum Maximum Age at entry (Yrs.) 18 Years (last birthday) 65 Years (last birthday) Age at renewal (Yrs.) - 99 Years Sum Assured Rs.10,000 Less than r equal t the Base Plicy Sum Assured subject t a maximum f Rs.20,00,000 T&C5 Rider Term 5 Years 25 Years T&C5 Premium Payment Term 5 Years 25 Years T&C5 Premium Payment Mdes Yearly, half-yearly, quarterly and mnthly Benefits in detail Key Benefits Critical Illness Benefit The plan prvides a benefit amunt equal t the rider Sum Assured n the ccurrence f any f the 25 specified Critical Cnditins. The specified Critical Cnditins are: 1. Cancer, 2. Crnary, Artery By-pass Graft, 3. Heart Attack (Mycardial Infarctin), 4. Strke, 5. Renal Failure, 6. Surgery fr a Disease f the Arta, 7. Cma, 8. Heart Valve Replacement, Uplad_V1.0 Page 2 f 9

3 9. Majr Organ Transplant, 10. Paralysis, 11. Blindness, 12. Benign Brain Tumr, 13. Mtr Neurne Disease, 14. Multiple Sclersis 15. End Stage Lung Disease, 16. End Stage Liver Disease, 17. Aplastic Anaemia, 18. Systemic Lupus Erythematsus, 19. Alzheimer s disease (befre age 61), 20. Parkinsn s disease (befre age 61), 21. Majr Head Trauma, 22. Lss f Speech, Primary Pulmnary Arterial Hypertensin, 24. Majr Burns, 25. Apallic Syndrme (Vegetative State) In the event, yu suffers frm any f the Critical cnditins listed abve, after the Date f cmmencement f rider benefit and during the Cver Perid, then the Benefit Amunt equal t the Sum Assured will be paid as a lump sum t yu. The rider cver will terminate thereafter and the rider premium will be discntinued. Death N Death Benefit is payable. Maturity Benefit N Maturity Benefit is payable. Premium Payment Mde Premiums can be paid yearly, half yearly, quarterly, r mnthly. Hwever, premium payment mde fr this rider must be same as the premium payment mde fr the Base Plicy. Sample Premium Rates The premium rates fr Rs.1,000 sum assured under the rider are given belw: Fr Male: Fr Female: Age/Term(Yrs) Age/Term(Yrs) Uplad_V1.0 Page 3 f 9

4 Other features Grace perid fr payment f premiums There is a grace perid f 30 days applicable frm the due date f payment f premiums if the payment is made in yearly, half-yearly r quarterly mdes. In case the premiums are paid in mnthly mde, then the grace perid applicable is f 15 days. Premium Discntinuance If yu discntinue payment f premiums, yur rider cver will lapse as mentined belw: Lapse When the Base Plicy is lapsed, surrendered r frfeited, the rider attached t the Base Plicy will als terminate immediately. The rider will lapse, if the due premiums under the Base Plicy including the rider premium are nt paid within the grace perid and the Rider benefits will cease immediately. If the lapsed Base Plicy alng with the rider is nt revived within 2 years f the due date f the first unpaid premium then the rider will be terminated. N benefits are payable if the plicy is in a lapsed status. Surrender N Surrender value is payable under the Rider. Revival Revival can be dne by paying the arrears f premiums with interest and recmmencing the payment f premiums at any time within a perid f 2 years frm the due date f first unpaid premium but befre the maturity f the Base Plicy and Rider subject t satisfactry medical and financial evidence as stipulated by the Cmpany frm time t time. Rider can be revived nly if the discntinued Base Plicy, t which the rider is attached, is revived, by paying the arrears f premiums with interest at the prevailing rate f interest. Current rate f interest fr revival is 9%. Terms and cnditins 1. Lan Lan facility is nt available under this Rider. 2. Tax benefit Uplad_V1.0 Page 4 f 9

5 Premium paid under Reliance Critical Cnditin (25) Rider is eligible fr tax deductin, subject t the applicable tax laws and cnditins. Incme tax benefits under the incme tax laws are subject t amendments frm time t time. Kindly cnsult a tax expert. 3. Service tax The Service tax and educatin cess will be charged as per the applicable rates declared by the Gvernment time t time. The service tax n the base premiums will be cllected ver and abve the base premiums, alng with the base premiums. 4. Taxes levied by the Gvernment in future In future, the Cmpany may decide t pass n any additinal taxes levied by the Gvernment r any statutry authrity t the Plicyhlder. Whenever the cmpany decides t pass n the additinal taxes t the Plicyhlder, the methd f cllectin f these taxes shall be infrmed t the Plicyhlder. 5. Rider Cnditin The Premium Paying Term is between 5 years and 25 years. Fr entry ages 56 and abve nly plicy term f 5 years is allwed. At the time f entry, plicy term shall be restricted such that age at entry plus plicy term shall nt be greater than 65 years f age fr plicy term f 10 years & abve. The Sum Assured under rider will be less than r equal t Sum Assured under base plan, subject t a maximum f Rs. 20,00,000. The sum f all rider premiums under a Base Plicy shuld nt exceed 30% f the base premiums under that plicy (15% f base premium fr pensin plicy). Yu can pt fr the rider n cmmencement f the base plan r at subsequent plicy anniversaries. If the rider is pted n cmmencement f the base plan, the rider term will be less than r equal t the plicy term f base plan, subject t minimum f 5years. If the rider is pted subsequently at any plicy anniversary, the rider term will be less than r equal t the utstanding plicy term f the base plan, subject t minimum f 5years. The premium payment term f the rider will als be less than r equal t the premium payment term f the base plan, if the rider is pted n cmmencement f the base plan, subject t rider premium paying term ptins available. The rider premium paying term will be less than r equal t the utstanding base premium paying term, if taken subsequently at the plicy anniversary f the base plan, subject t the rider premium paying term ptins available. The Critical Cnditins (25) rider benefit can nly be claimed if the illness is diagnsed at least 180 days after the date f adjustment f the first premium r the date f revival/reinstatement whichever is later and the life insured survives the specified illness fr a perid f at least 30days frm the date f diagnsis. 6. Suicide Claim Prvisin Uplad_V1.0 Page 5 f 9

6 7. Exclusins Sales Literature Reliance Critical Cnditin (25) Rider Reliance Critical Cnditins (25) Rider claims which result frm self afflicted injuries r cnditins (attempted suicide) whether same r insane are excluded. The Reliance Critical Cnditins (25) Rider prvides a fixed additinal sum insured n the ccurrence f any f 25 specified critical illnesses if the plicy is in frce. In case the life insured under Reliance Critical Cnditins (25) rider is diagnsed with any f the critical illness mentined belw and the plicy is in full frce at that time, the cmpany shall pay the rider sum assured and the plicy will cntinue with all ther benefits. There is a waiting perid f 180 days frm the date f cmmencement f the rider benefit r result in the death f the life assured within 30 days f the nset f the critical illness. Benefits shall nt be paid in case f claims arising as a result f any f the fllwing: i. Diseases in the presence f an HIV infectin; ii. Diseases that have previusly ccurred in the life insured (i.e. the benefit is payable nly if the disease is a first incidence, regardless f whether the earlier incidence ccurred befre the individual was cvered r whether the insured was cvered by anther insurer); iii. Fr any claim directly r indirectly caused by, based n, arising ut f, r hwsever, t any Critical Illness fr which care, treatment, r advice was recmmended by r received frm a Physician; iv. Any cngenital cnditin; v. Intentinal self-inflicted injury, attempted suicide, while sane r insane; vi. Alchl r Slvent abuse r taking f Drugs, narctics r psychtrpic substances unless taken in accrdance with the lawful directins and prescriptin f a registered medical practitiner; vii. Failure t seek r fllw medical advice ; viii. War, invasin, act f freign enemy, hstilities (whether war be declared r nt), armed r unarmed truce, civil war, mutiny, rebellin, revlutin, insurrectin, military r usurped pwer, terrrism, rit r civil cmmtin, strikes; ix. Taking part in any naval, military r air frce peratin during peace time; x. Participatin by the insured persn in any flying activity, except as a bna fide, fare-paying passenger f a recgnized airline n regular rutes and n a scheduled timetable; xi. Participatin by the insured persn in a criminal r unlawful act; xii. Engaging in r taking part in prfessinal sprt(s) r any hazardus pursuits, including but nt limited t, diving r riding r any kind f race; underwater activities invlving the use f breathing apparatus r nt; martial arts; hunting; muntaineering; parachuting; bungee-jumping; xiii. Nuclear Cntaminatin; the radi active, explsive r hazardus nature f nuclear fuel materials r prperty cntaminated by nuclear fuel materials r accident arising frm such. 8. Premium Rider premium is payable ver and abve the premium under the base plan and shall be paid alng with the premium under the base plan. Premiums can be paid yearly, half yearly, quarterly r mnthly. The mde f rider premium can be changed nly n the base plan plicy anniversary and nly when the base plan premium frequency is changed. Hwever, the mde f payment f premium under this Uplad_V1.0 Page 6 f 9

7 rider will be the same as mde f payment f premium under the base plan. The premium rates under the rider are guaranteed thrughut the rider term. Substandard lives with medical cnditins r ther impairments will be charged apprpriate additinal premiums in accrdance with the bard apprved underwriting nrms f the cmpany. Fr heavy smkers, cmpany may charge apprpriate additinal premiums in accrdance with the bard apprved underwriting nrms f the cmpany. There will be lading n premium if premium is paid by a mde ther than yearly. The lading fr premium mdes are mentined belw Mde f premium payment Lading as a % f annual premium Half-Yearly 2% Quarterly 4% Mnthly 8.56% There will nt be any lading n premium if the premiums are paid thrugh ECS. 9. Free lk perid In the event yu disagree with any f the terms and cnditins f the rider, yu may return the Plicy Dcument t the Cmpany within 15 days (applicable fr all distributin channels, except fr Distance Marketing* channel, which will have 30 days) f its receipt fr cancellatin, stating yur bjectins, in which case, yu shall be entitled t a refund f the premiums paid, subject nly t a deductin f the prprtinate risk premium fr the perid n cver and the expenses incurred by the insurer n medical examinatin f the Life Assured and stamp duty charges. *Distance Marketing includes every activity f slicitatin (including lead generatin) and sale f insurance prducts thrugh the fllwing mdes: (i) Vice mde, which includes telephne-calling (ii) Shrt Messaging Services (SMS) (iii) Electrnic mde which includes , internet and interactive televisin (DTH) (iv) Physical mde, which includes direct pstal mail and newspaper & magazine inserts and (v) Slicitatin thrugh any means f cmmunicatin ther than in persn 10. Nminatin and Assignment Nminatin, as defined under Sectin 39 f the Insurance Act 1938, will be allwed under this plan. Assignment, as defined under Sectin 38 f the Insurance Act 1938, will be allwed under this plan prvided it is allwed under the Base Plicy t which this rider is attached. Assignment is allwed nly fr the life insurance cmpnent f the prduct in accrdance with sectin 38 f the Insurance Act, Prhibitin f Rebate (Sectin 41 f the Insurance Act, 1938) Uplad_V1.0 Page 7 f 9

8 (1) N persn shall allw r ffer t allw, either directly r indirectly, as an inducement t any persn t take r renew r cntinue an insurance in respect f any kind f risk relating t lives r prperty in India, any rebate f the whle r part f the cmmissin payable r any rebate f the premium shwn n the plicy, nr shall any persn taking ut r renewing r cntinuing a plicy accept any rebate, except such rebate as may be allwed in accrdance with the published prspectuses r tables f the insurer. Prvided that acceptance by an insurance agent f cmmissin in cnnectin with a plicy f life insurance taken ut by himself n his wn life shall nt be deemed t be acceptance f a rebate f premium within the meaning f this sub-sectin if at the time f such acceptance the insurance agent satisfies the prescribed cnditins establishing that he is a bna fide insurance agent emplyed by the insurer. (2) Any persn making default in cmplying with the prvisins f this sectin shall be punishable with fine which may extend t five hundred rupees. 12. Plicy nt t be called in questin n grund f Mis-statement after tw years (Sectin 45 f the Insurance Act, 1938) N plicy f life insurance effected befre the cmmencement f this Act shall after the expiry f tw years frm the date f cmmencement f this Act and n plicy f life insurance effected after the cming int frce f this Act shall, after the expiry f tw years frm the date n which it was effected be called in questin by an insurer n the grunds that the statement made in the prpsal r in any reprt f a medical fficer, r referee, r friend f the insured, r in any ther dcument leading t the issue f the plicy, was inaccurate r false, unless the insurer shws that such a statement was a material matter r suppressed facts which it was material t disclse and that it was fraudulently made by the Plicyhlder and that the Plicyhlder knew at the time f making it that the statement was false r that it suppressed facts which it was material t disclse. Prvided that nthing in this sectin shall prevent the insurer frm calling fr prf f age at any time if he is entitled t d s, and n plicy shall be deemed t be called in questin merely because the terms f the plicy are adjusted n subsequent prf that the age f the Life Insured was incrrectly stated in the prpsal. Nte Insurance is the subject matter f the slicitatin. This Rider brchure gives nly the salient features f the Rider and it is nly indicative f terms, cnditins, warranties and exceptins. This brchure shuld be read in cnjunctin with the Rider exclusins, terms & cnditins. Fr further details n all the cnditins, exclusins related t Reliance Critical Cnditin (25) Rider, please cntact ur insurance advisrs. Tax laws are subject t change, cnsulting a tax expert is advisable. Reliance Life Insurance Cmpany Ltd. IRDA Registratin N: 121 Registered Office: H Blck, 1st Flr, Dhirubhai Ambani Knwledge City, Navi Mumbai, Maharashtra Uplad_V1.0 Page 8 f 9

9 Fr mre infrmatin r any grievance, 1. Call us at ur 24 x 7 Call Centre number (Lcal call charges apply) r ur Tll Free Number , r 2. Visit us at r 3. us at: rlife.custmerservice@relianceada.cm Reliance Critical Cnditin (25) Rider: 121B012V02 Uplad_V1.0 Page 9 f 9