8/9/2019 a study into ulip plans reliance capital
1/86
RESEARCH REPORT
ON
A STUDY INTO ULIP SCHEMES OF
RELIANCE CAPITAL
SUBMITTED TO U.P. TECHNICAL UNIVERSITY, LUCKNOW FOR THE PARTIALFULFILMENT OF THE REQUIREMENT FOR THE AWARD OF THE DEGREE OF
MASTER OF BUSSNESS ADMINISTRATION
UNDER THE GUIDANCE OF: - SUBMITTED BY:
MISS. DEEPTI KUMAR AMIT KUMAR
FACULTY ROLL No: 0827870002.
ARYAN INSTITUTE OF MANAGEMENT AND COMPUTER STUDIES,
SIKANDRA, AGRA
8/9/2019 a study into ulip plans reliance capital
2/86
PREFACE
The liberalization of the Indian insurance sector has been the subject of much
heated debate for some years. The policy makers where in the catch 22 situation
wherein for one they wanted competition, development and growth of this
insurance sector which is extremely essential for channeling the investments in to
the infrastructure sector. At the other end the policy makers had the fears that the
insurance premium, which are substantial, would seep out of the country; and
wanted to have a cautious approach of opening for foreign participation in the
sector.
As one of the rare occurrences the entire debate was put on the back burner and
the IRDA saw the day of the light thanks to the maturing polity emerging
consensus among factions of different political parties. Though some changes and
some restrictive clauses as regards to the foreign participation were included the
IRDA has opened the doors for the private entry into insurance.
Whether the insurer is old or new, private or public, expanding the market will
present multitude of challenges and opportunities. But the key issues, possible
trends, opportunities and challenges that insurance sector will have still remains
under the realms of the possibilities and speculation.
AMIT KUMAR
MBA 4TH SEM
8/9/2019 a study into ulip plans reliance capital
3/86
ACKNOWLEDGEMENT
I would like to thank Dr. R.C.GUPTA (Director) to give me guidelines and
my worthy thanks to my teacher MISS.DEEPTI KUMAR and all FACULTY
MEMBER of ARYAN INSTITUTE OF MANAGEMENT & COMPUTER
STUDIES for their valuable contribution during the academic session and
guidance in preparation of this research report.
I would like to dedicate this project to my parents. Without their help and constant
support this project would not have been possible.
Lastly I would like to thank all the respondents who offered their opinions and
suggestions through the survey that was conducted by me.
Once again my gratitude to the Life insurance Policy. For their kind co-
operation.
AMIT KUMAR
MBA 4th SEM
8/9/2019 a study into ulip plans reliance capital
4/86
DECLARATION
I Amit Kumar of MBA 4 th sem of ARYAN INSTITUTE OF MANAGEMENT
& COMPUTER STUDIES hereby declare that the research report entitled in
UNIT LINK INSURACNE PLANS is an original word and the same has not
been submitted to any other institute for the award of any other degree.
AMIT KUMAR
MBA 4th SEM
8/9/2019 a study into ulip plans reliance capital
5/86
TABLE OF CONTENTS
Preface
Acknowledgement
Declaration
CHAPTER 1:-
An Introduction to Ulip plans
CHAPTER 2:-
A FROFILE OF RELIANCE CAPITAL AND
RELIANCE MUTUL FUND
CHAPTER 3:-
Project profile and unit linked plans of reliance
capital
Research methodology
o Importance of the study
o Objective And Scope Of The Study
o Hypothesis
o
Sample size and typeo Statistical tool
CHAPTER 4:-
Data interpretation and analysis
CHAPTER 5:-
findings & suggestion
CHAPTER 6:-
Conclusion
Anexxure
Questionnaire
Bibliography
8/9/2019 a study into ulip plans reliance capital
6/86
CHAPTER 1:-
An Introduction to Ulip plans
8/9/2019 a study into ulip plans reliance capital
7/86
ULIPS
what is ULIP?ULIP stands for Unit Linked Insurance Plans. As we know that
insurance is for protecting our life from the any uncertain events
like death or accident. The purpose of the normal insurance planis just protecting the life but not ensuring any savings for the
future. Many people wanted plan which gives protection alsogives the returns for their investment. So, insurance companies
come up with the ULIP plan where the premium about isinvested in the share market and returns better income on the
maturity period.
PLATFORMS OF LIFE INSURANCE- UNIT LINKED
INSURANCE PLANS
World over , insurance come in different forms and shapes . although the
generic names may find similar , the difference in product features makes
one wonder about the basis on which these products are designed .With
insurance market opened up , Indian customer has suddenly found
himself in a market place where he is bombarded with a lot of jargon as
well as marketing gimmicks with a very little knowledge of what is
happening . This module is aimed at clarifying these underlying concepts
and simplifying the different products available in the market.
We have many products like Endowment , Whole life , Money back etc. All
these products are based on following basic platforms or structures viz.
Traditional Life
Universal Life or Unit Linked Policies
8/9/2019 a study into ulip plans reliance capital
8/86
3.1 TRADITIONAL LIFE AN OVERVIEW
The basic and widely used form of design is known as Traditional Life
Platform. It is based on the concept of sharing . Each of the policy holder
contributes his contribution (premium) into the common large fund is
managed by the company on behalf of the policy holders.
Administration of that common fund in the interest of everybody was
entrusted to the insurance company .It was the responsibility of the
company to administer schemes for benefit of the policyholders.
Policyholders played a very passive roll . In the course of time , the same
concept of sharing and a common fund was extended to different areas
like saving , investment etc.
A Unit Link Insurance Policy (ULIP) is one in which the customer is
provided with a life insurance cover and the premium paid is invested in
either debt or equity products or a combination of the two. In other words,
it enables the buyer to secure some protection for his family in the event of
his untimely death and at the same time provides him an opportunity to
earn a return on his premium paid. In the event of the insured person's
untimely death, his nominees would normally receive an amount that is
the higher of the sum assured or the value of the units (investments).
To put it simply, ULIP attempts to fulfill investment needs of an investor
with protection/insurance needs of an insurance seeker. It saves the
investor/insurance-seeker the hassles of managing and tracking a portfolio
or products. More importantly ULIPs offer investors the opportunity to
select a product which matches their risk profile.
Unit Linked Insurance Plans came into play in the 1960s and became very
popular in Western Europe and Americas. In India The first unit linked
Insurance Plan , popularly known as ULIP Unit Linked Insurance Plan in
India was brought out by Unit Trust Of India in the year 1971 by entering
8/9/2019 a study into ulip plans reliance capital
9/86
into a group insurance arrangement with LIC o provide for life cover to the
investors , while UTI , as a mutual was taking care of investing the unit
holders money in the capital market and giving them a fair return .
Subsequently in the year 1989 , another Unit Linked Product waslaunched by the LIC Mutual Fund called by the name of
DHANARAKSHA which was more or less on the line of ULIP of UTI .
Thereafter LIC itself came out with a Unit Linked Insurance Product known
by name BIMA PLUS in the year 2001-02 .
Presently a number of private life insurance companies have launched
Unit Linked Insurance Products with a variety of new features.
TYPES OF ULIP
There are various unit linked insurance plans available in the market.
However, the key ones are pension, children, group and capital
guarantee plans.
The pension plans come with two variations with and without life cover
and are meant for people who want to generate returns for their sunset
years.
The children plans, on the other hand, are aimed at taking care of their
educational and other needs..
Apart from unit-linked plans for individuals, group unit linked plans are also
available in the market. The Group linked plans are basically designed for
employers who want to offer certain benefits for their employees such as
gratuity, superannuation and leave encashment.
8/9/2019 a study into ulip plans reliance capital
10/86
The other important category of ULIPs is capital guarantee plans. The
plan promises the policyholder that at least the premium paid will be
returned at maturity. But the guaranteed amount is payable only when the
policy's maturity value is below the total premium paid by the individual till
maturity. However, the guarantee is not provided on the actual premiumpaid but only on that portion of the premium that is net of expenses
(mortality, sales and marketing, administration).
How ULIPs work
ULIPs work on the lines of mutual funds. The premium paid by the client
(less any charge) is used to buy units in various funds (aggressive,
balanced or conservative) floated by the insurance companies. Units are
bought according to the plan chosen by the policyholder. On every
additional premium, more units are allotted to his fund. The policyholder
can also switch among the funds as and when he desires. While some
companies allow any number of free switches to the policyholder, some
restrict the number to just three or four. If the number is exceeded, a
certain charge is levied.
Individuals can also make additional investments (besides premium) fromtime to time to increase the savings component in their plan. This facility is
termed "top-up". The money parked in a ULIP plan is returned either on
the insured's death or in the event of maturity of the policy. In case of the
insured person's untimely death, the amount that the beneficiary is paid is
the higher of the sum assured (insurance cover) or the value of the units
(investments). However, some schemes pay the sum assured plus the
prevailing value of the investments.
8/9/2019 a study into ulip plans reliance capital
11/86
ULIP - KEY FEATURES
Premiums paid can be single, regular or variable. The payment
period too can be regular or variable. The risk cover can be
increased or decreased.
As in all insurance policies, the risk charge (mortality rate) varies
with age.
The maturity benefit is not typically a fixed amount and the maturity
period can be advanced or extended.
Investments can be made in gilt funds, balanced funds, money
market funds, growth funds or bonds.
The policyholder can switch between schemes, for instance,
balanced to debt or gilt to equity, etc.
The maturity benefit is the net asset value of the units.
The costs in ULIP are higher because there is a life insurance
component in it as well, in addition to the investment component.
Insurance companies have the discretion to decide on their
investment portfolios.
Being transparent the policyholder gets the entire episode on the
performance of his fund.
ULIP products are exempted from tax and they provide life
insurance.
8/9/2019 a study into ulip plans reliance capital
12/86
Provides capital appreciation.
Investor gets an option to choose among debt, balanced and equity
funds.
USP of ULIPS
Insurance cover plus savings
ULIPs serve the purpose of providing life insurance combined with savings
at market-linked returns. To that extent, ULIPS can be termed as a two-in-
one plan in terms of giving an individual the twin benefits of life insurance
plus savings.
Multiple investment options
ULIPS offer a lot more variety than traditional life insurance plans. So
there are multiple options at the individuals disposal. ULIPS generally
come in three broad variants:
Aggressive ULIPS (which can typically invest 80%-100% inequities, balance in debt)
Balanced ULIPS (can typically invest around 40%-60% in equities)
Conservative ULIPS (can typically invest upto 20% in equities)
Although this is how the ULIP options are generally designed, the exact
debt/equity allocations may vary across insurance companies. Individuals
can opt for a variant based on their risk profile.
Flexibility
The flexibility with which individuals can switch between the ULIP variants
to capitalise on investment opportunities across the equity and debt
markets is what distinguishes it from other instruments. Some insurance
8/9/2019 a study into ulip plans reliance capital
13/86
companies allow a certain number of free switches. Switching also helps
individuals on another front. They can shift from an Aggressive to a
Balanced or a Conservative ULIP as they approach retirement. This is a
reflection of the change in their risk appetite as they grow older.
Works like an SIP
Rupee cost-averaging is another important benefit associated with ULIPS.
With an SIP, individuals invest their monies regularly over time intervals of
a month/quarter and dont have to worry about timing the stock markets.
HURDLES OF ULIP
NOSTANDARDIZATION
All the costs are levied in ways that do not lend to standardisation. If one
company calculates administration cost by a formula, another levies a flat
rate. If one company allows a range of the sum assured (SA), another
allows only a multiple of the premium. There was also the problem of a
varying cost structure with age
8/9/2019 a study into ulip plans reliance capital
14/86
CHAPTER 2:-
A profile of reliance capital and
reliance mutual fund
8/9/2019 a study into ulip plans reliance capital
15/86
THE INSURANCE INDUSTRY IN INDIA
AN OVERVIEW
With the largest number of life insurance policies in force in the world, Insurance
happens to be a mega opportunity in India. Its a business growing at the rate of
15-20 per cent annually and presently is of the order of Rs 1560.41 billion (for the
financial year 2006 2007). Together with banking services, it adds about 7% to
the countrys Gross Domestic Product (GDP). The gross premium collection is
nearly 2% of GDP and funds available with LIC for investments are 8% of the
GDP.
Even so nearly 65% of the Indian population is without life insurance cover whilehealth insurance and non-life insurance continues to be below international
standards. A large part of our population is also subject to weak social security
and pension systems with hardly any old age income security
A well-developed and evolved insurance sector is needed for economic
development as it provides long term funds for infrastructure development and
strengthens the risk taking ability of individuals. It is estimated that over the next
ten years India would require investments of the order of one trillion US dollars.
HISTORICAL PERSPECTIVE
The history of life insurance in India dates back to 1818 when it was conceived as
a means to provide for English Widows. Interestingly in those days a higher
premium was charged for Indian lives than the non - Indian lives, as Indian lives
were considered more risky to cover. The Bombay Mutual Life Insurance Society
started its business in 1870. It was the first company to charge the same premium
for both Indian and non-Indian lives.
The Oriental Assurance Company was established in 1880. The General insurance
business in India, on the other hand, can trace its roots to Triton Insurance
Company Limited, the first general insurance company established in the year
8/9/2019 a study into ulip plans reliance capital
16/86
1850 in Calcutta by the British. Till the end of the nineteenth century insurance
business was almost entirely in the hands of overseas companies.
Insurance regulation formally began in India with the passing of the Life
Insurance Companies Act of 1912 and the Provident Fund Act of 1912. Several
frauds during the 1920's and 1930's sullied insurance business in India. By 1938
there were 176 insurance companies.
The first comprehensive legislation was introduced with the Insurance Act of
1938 that provided strict State Control over the insurance business. The insurance
business grew at a faster pace after independence. Indian companies strengthened
their hold on this business but despite the growth that was witnessed, insurance
remained an urban phenomenon.
The Government of India in 1956, brought together over 240 private life insurers
and provident societies under one nationalized monopoly corporation and Life
Insurance Corporation (LIC) was born. Nationalization was justified on the
grounds that it would create the much needed funds for rapid industrialization.
This was in conformity with the Government's chosen path of State led planning
and development.
The non-life insurance business continued to thrive with the private sector till
1972. Their operations were restricted to organized trade and industry in large
cities. The general insurance industry was nationalized in 1972. With this, nearly
107 insurers were amalgamated and grouped into four companies- National
Insurance Company, New India Assurance Company, Oriental Insurance
Company and United India Insurance Company. These were subsidiaries of the
General Insurance Company (GIC).
8/9/2019 a study into ulip plans reliance capital
17/86
8/9/2019 a study into ulip plans reliance capital
18/86
Company Profile
Reliance money is a part of the reliance Anil Dhirubai Ambani Group and is
promoted by Reliance capital, the fastest growing private sector financial services
company in India, ranked amongst the top 3 private sector financial companies in
terms of net worth.
Reliance money is a comprehensive financial solution provider that enables you
to carry out trading and investment activities in a secure, cost-effective and
convenient manner. Through reliance money, you can invest in a wide range of
asset classes from Equity, Equity and commodity Derivatives, Mutual Funds,
insurance products, IPOs to availing services of Money Transfer & Money
changing.
Reliance Money offers the convenience of on-line and offline transactions
through a variety of means, including its Portal, Call & Transact, Transaction
Kiosks and at its network of affiliates.
Some key steps of the company that are as..
Success is a journey, not a destination. If we look for examples to
prove this quote then we can find many but there is none like that of Reliance
Money. The company which is today known as the largest financial service
provider of India.
Reliance Capital
RelianceLife Insurance
RelianceGeneral Insurance
Unit linknsurance
plans
RelianceConsumer
Finance
RelianceMutual fundMutual Fund
8/9/2019 a study into ulip plans reliance capital
19/86
Success sutras of Reliance Money:The success story of the company is driven by 8 success sutras adopted by it
namelytrust, integrity, dedication, commitment, enterprise, hard work
and team play, learning and innovation, empathy and humility.
These are the values that bind success with Reliance Money.
Vision of Reliance MoneyTo achieve & sustain market leadership, Reliance Money shall aim for complete
customer satisfaction, by combining its human and technological resources, to
provide world class quality services. In the process Reliance Money shall strive to
meet and exceed customer's satisfaction and set industry standards.
Mission statement:
Our mission is to be a leading and preferred service provider to our
customers, and we aim to achieve this leadership position by
building an innovative, enterprising , and technology driven
organization which will set the highest standards of service and
business ethics.
BUSINESS OVERVIEW
Reliance Capital has interests in asset management and mutual funds, life and
general insurance, private equity and proprietary investments, stock broking,
depository services, distribution of financial products, consumer finance and other
activities in financial services.
Reliance Mutual Fund is India's no.1 Mutual Fund. Reliance Life Insurance is
India's fastest growing life insurance company and among the top 4 private sector
insurers. Reliance General Insurance is India's fastest growing general insurance
company and the top 3 private sector insurers. Reliance Money is the largest
brokerage and distributor of financial products in India with more than 2.5 million
customers and the largest distribution network. Reliance Consumer finance has a
loan book of over Rs. 8,000 crores at the end of June 2008.
Reliance Capital has a net worth of Rs.6, 862 crores (US$ 1.6 billion) and total
8/9/2019 a study into ulip plans reliance capital
20/86
assets of Rs. 19,940 crores (US$ 4.6 billion) as of June 30, 2008 and over 26,000
employees.
Money has increased its market share among private financial companies to
nearly Convenient & effective Anytime & anywhere financial transaction
capability. Launched in April 2007. It provides the Flat fees system. It has 2.2million customers in 1 year of official launch. It has over 5,000 outlets across 700
towns/cities. Average daily turnover in excess of Rs 2,000 crores.
Considering the entire life market, including the Rs. 12,890 crores booked by life
insurance Corporation, Reliance life insurance market share works out to around
6.25%.
The life insurance market continuous to be dominated by LIC which has about
67% share this only a marginal dip from its 73% share in end-July. These
comparisons are only for first year or new business premium.
The gap between Reliance life insurance and the second-in-line private insurer is
vast. In fact, this scenario has led some analysts to wonder if the company is not a
trifle too aggressive. But others say this has more to do with the companies
customer-centric focus, its pan-India presence and superior risk management and
investment strategies. Reliance Money is not, however, resting on its laurels.
Companys customer centric approach will be studied during the training period
and the finding of the research work will definitely focus on the present condition
& future requirement (if any) relating to products of company.
8/9/2019 a study into ulip plans reliance capital
21/86
8/9/2019 a study into ulip plans reliance capital
22/86
Reliance Life Insurance
Demat Account Services
Reliance Mutual Funds
Reliance General Insurance
8/9/2019 a study into ulip plans reliance capital
23/86
Reliance Life Insurance, a part of the Reliance - Anil Dhirubhai Ambani Group is
India's fastest growing life insurance company and among the top 4 private sectorlife insurers.
Reliance Life Insurance has a pan India presence and a range of products catering
to individual as well as corporate needs. Reliance Life Insurance has over 700
branches and 1, 80,000 agents. It offers 26 products covering savings, protection
& investment requirements. Reliance Life Insurance will endeavor to attain a
leadership position in the market over the next few years, by further expanding
and strengthening its distribution network and offering a diverse array of products
to suit the varied and specific needs of individual customers.
Basics of Life Insurance
What is Life Insurance?
An amount of money paid to someone (called beneficiary) when the LifeAssured (in whose name the insurance policy is taken) dies. This amount
can be used to pay the expenses related to Life assureds death or can be
invested to generate income that will replace your salary. Life Insurance is
an important tool in any investors portfolio & can be used for - wealth
creation, asset building, provide for contingencies and retirement planning.
8/9/2019 a study into ulip plans reliance capital
24/86
Types of Life Insurance Policies
Most Insurance policies are a combination of Savings & Protection.
Products are formulated by either increasing or decreasing either one ofthese components.
These combinations can be broadly divided into 4 groups- ULIPs
- Term Insurance
- Endowment Policies : Whole Life; Unit Linked etc
- Annuities & Pension
The main reason to buy Life Insurance is toprovide income replacement for your loved ones
8/9/2019 a study into ulip plans reliance capital
25/86
Life Stage in Life Insurance
8/9/2019 a study into ulip plans reliance capital
26/86
Need Analysis in life Stages
18-25(Unmarried)
30-45 yearsCouples withchildren
45 yrs andaboveMaturedcouple Retire
d
25-30Marriedcoupleswith nokids
No dependents/liabilities
therefore needfor insurance is
less
Introduction ofdependents. Start
of financialplanning balance
between assetcreation &protection
Peak earning agerange. High asset
creation & build upof liabilities. Critical
stage for
dependents Asset base buildup & liabilitiesreduced/ taken
care of. Need forretirement
planning morethan protection.
Need forprotection low.
Greater need forregular income
flow.
Endowment / ULIPs Endowment / ULIPs +Term Annuities
At each stage, requirements, responsibilities and Financialneeds differ
8/9/2019 a study into ulip plans reliance capital
27/86
AGE STATUS INSURANCE
NEEDS
SUGGESTED
PRODUCTS
18yrs - 25yrs Unmarried1.Go on a holiday
2.Buy a new Car3.Set up a newhouse4.Set up Interiors5.Buy jewellery
Short Term Endowment
Product
25yrs -30yrs Married
1.High Debt, highexpenditure Phase2.Familydependency on
your income3.Low accumulatedwealth4.Need for PlanningRequirement
Temporary term orwhole life Product
30yrs - 45yrs Matured couple1.RetirementPlanning2.Wealth transfer or
saving vehicles3.Returns oninvestment4.Opting forguaranteed Product
Profits or Unit LinkedEndowment/Deferred annuities
Life Stage Example
8/9/2019 a study into ulip plans reliance capital
28/86
Products of Life Insurance
Hello, I am Philip, sailor.Hello, I am Philip, sailor.
Have seen the world.Have seen the world. Always on cruise and keep Always on cruise and keepworrying about family andworrying about family andthe loans. I need financialthe loans. I need financialProtection if I do not returnProtection if I do not returnfrom one voyagefrom one voyage
Savera has justSavera has justcome to our lives. Ascome to our lives. As
proud parents, We proud parents, Weneed to protect herneed to protect heras well as create heras well as create herown financialown financialstandingstanding
Worked for almostWorked for almost25 years, now want25 years, now wantto liveto live. I want. I wantsomething that willsomething that willmake my life Chinta-make my life Chinta-free afterfree afterretirementretirement..
Endowment
Term
Annuities
8/9/2019 a study into ulip plans reliance capital
29/86
Life Insurance products are usually referred to as plans of insurance. These
plans have two basic elements; one is the Death Cover providing for the
benefits being paid on the death of the insured person within a specified period.
The other is the Survival Benefit providing for the benefit being paid on
survival of a specified period. Plans of insurance that provide only death cover are called Term
Assurance Plans.
Plans of insurance that provide only survival benefits are called Pure
Endowment Plans.
Term Life Insurance
Term Life Insurance provides protection for a specified period of time. A deathbenefit is paid to the beneficiary if the insured dies within a specified period of
time while the policy is still in force.
Whole Life Insurance
Whole Life insurance is a permanent life insurance and provides protection for
life. As long as premiums are paid, a death benefit is paid to the beneficiary.
ULIPs
A ULIP is a life insurance which provides a combination of Life Insurance
protection and investment. Money can be invested in the following fund:- Equity
Fund, Debt Fund, Money Market Fund (Liquid Fund) and Balance Fund.
Annuities
Annuities are practically the same as pension. Pension provides periodical payments to the employees, who have retired. They are paid as long as the
recipient is alive.Annuities are called the reverse of Life Insurance.
8/9/2019 a study into ulip plans reliance capital
30/86
Protection Plans
Protect your family even when youre not around by investing in Reliance
Protection Plans. Choose a limited period plan or a lifetime protection plan
depending on your needs. The latest Protection Plans are as below
1. Reliance Term plan
2. Reliance Simple Term plan
3. Reliance Special Term plan
4. Reliance Credit Guardian plan
5. Reliance Special Credit Guardian plan
6. Reliance Endowment plan
7. Reliance Special Endowment plan
8. Rel iance Connect 2 Life plan
9. Reliance Whole Life plan
10. Reliance Wealth + Health plan
11. Reliance Cash Flow plan
Savings & Investment Plans
Reliance Savings & Investment Plans help you to set aside some money to
achieve specific goals in life, which means that you can enjoy life and provide for
your familys daily needs. The savings and investment Plans are as below
1. Reliance Total Investment Plan Series I - Insurance
2. Reliance Wealth + Health plan
3. Reliance Automatic Investment plan
4. Reliance Money Guarantee plan
5. Reliance Cash Flow plan
6. Reliance Market Return plan
7. Reliance Endowment plan
8. Reliance Special Endowment plan
9. Reliance Whole Life plan
10. Reliance Golden Years Plan
http://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/ProtectionPlans/protection_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/TermPlan/RTP_reliance_term_plan.aspx?from=Protection%20Plans&path=ProtectionPlans/protection_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/SimpleTermPlan/RSimpleTP_reliance_simple_term_plan.aspx?from=Protection%20Plans&path=ProtectionPlans/protection_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/SpecialTermPlan/RSTP_reliance_special_term_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/CreditGuardianPlan/RCGP_reliance_credit_guardian_plan.aspx?from=Protection%20Plans&path=ProtectionPlans/protection_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/SpecialCreditGuardianPlan/RSCGP_reliance_special_credit_guardian_plan.aspx?from=Protection%20Plans&path=ProtectionPlans/protection_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/EndowmentPlan/REP_reliance_endowment_plan.aspx?from=Protection%20Plans&path=ProtectionPlans/protection_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/SpecialEndowmentPlan/RSEP_reliance_special_endowment_plan.aspx?from=Protection%20Plans&path=ProtectionPlans/protection_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/Connect2Life/RC2LP_reliance_connect_2_life_plan.aspx?from=Protection%20Plans&path=ProtectionPlans/protection_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/WholeLifePlan/RWLP_reliance_whole_life_plan.aspx?from=Protection%20Plans&path=ProtectionPlans/protection_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/WealthHealth/RWHP_reliance_wealth_health_plan.aspx?from=Protection%20Plans&path=ProtectionPlans/protection_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/CashFlowPlan/RCFP_reliance_cash_flow_plan.aspx?from=Protection%20Plans&path=ProtectionPlans/protection_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/SavingsnInvestmentPlan/savings_n_investment_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/TotalInvestmentPlan-Insurance/RTIP_seriesI_insurance.aspx?from=Savings%20%26%20Investment%20Plan&path=SavingsnInvestmentPlan/savings_n_investment_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/WealthHealth/RWHP_reliance_wealth_health_plan.aspx?from=Savings%20%26%20Investment%20Plan&path=SavingsnInvestmentPlan/savings_n_investment_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/AutomaticInvestmentPlan/RAIP_reliance_automatic_investment_plan.aspx?from=Savings%20%26%20Investment%20Plan&path=SavingsnInvestmentPlan/savings_n_investment_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/MoneyGuaranteePlan/RMGP_reliance_money_guarantee_plan.aspx?from=Savings%20%26%20Investment%20Plan&path=SavingsnInvestmentPlan/savings_n_investment_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/CashFlowPlan/RCFP_reliance_cash_flow_plan.aspx?from=Savings%20%26%20Investment%20Plan&path=SavingsnInvestmentPlan/savings_n_investment_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/MarketReturnPlan/RMRP_reliance_market_return_plan.aspx?from=Savings%20%26%20Investment%20Plan&path=SavingsnInvestmentPlan/savings_n_investment_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/EndowmentPlan/REP_reliance_endowment_plan.aspx?from=Savings%20%26%20Investment%20Plan&path=SavingsnInvestmentPlan/savings_n_investment_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/SpecialEndowmentPlan/RSEP_reliance_special_endowment_plan.aspx?from=Savings%20%26%20Investment%20Plan&path=SavingsnInvestmentPlan/savings_n_investment_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/WholeLifePlan/RWLP_reliance_whole_life_plan.aspx?from=Savings%20%26%20Investment%20Plan&path=SavingsnInvestmentPlan/savings_n_investment_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/GoldenYearsPlan/RGYP_reliance_golden_years_plan.aspx?from=Savings%20%26%20Investment%20Plan&path=SavingsnInvestmentPlan/savings_n_investment_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/ProtectionPlans/protection_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/TermPlan/RTP_reliance_term_plan.aspx?from=Protection%20Plans&path=ProtectionPlans/protection_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/SimpleTermPlan/RSimpleTP_reliance_simple_term_plan.aspx?from=Protection%20Plans&path=ProtectionPlans/protection_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/SpecialTermPlan/RSTP_reliance_special_term_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/CreditGuardianPlan/RCGP_reliance_credit_guardian_plan.aspx?from=Protection%20Plans&path=ProtectionPlans/protection_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/SpecialCreditGuardianPlan/RSCGP_reliance_special_credit_guardian_plan.aspx?from=Protection%20Plans&path=ProtectionPlans/protection_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/EndowmentPlan/REP_reliance_endowment_plan.aspx?from=Protection%20Plans&path=ProtectionPlans/protection_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/SpecialEndowmentPlan/RSEP_reliance_special_endowment_plan.aspx?from=Protection%20Plans&path=ProtectionPlans/protection_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/Connect2Life/RC2LP_reliance_connect_2_life_plan.aspx?from=Protection%20Plans&path=ProtectionPlans/protection_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/Connect2Life/RC2LP_reliance_connect_2_life_plan.aspx?from=Protection%20Plans&path=ProtectionPlans/protection_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/WholeLifePlan/RWLP_reliance_whole_life_plan.aspx?from=Protection%20Plans&path=ProtectionPlans/protection_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/WealthHealth/RWHP_reliance_wealth_health_plan.aspx?from=Protection%20Plans&path=ProtectionPlans/protection_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/CashFlowPlan/RCFP_reliance_cash_flow_plan.aspx?from=Protection%20Plans&path=ProtectionPlans/protection_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/SavingsnInvestmentPlan/savings_n_investment_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/TotalInvestmentPlan-Insurance/RTIP_seriesI_insurance.aspx?from=Savings%20%26%20Investment%20Plan&path=SavingsnInvestmentPlan/savings_n_investment_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/WealthHealth/RWHP_reliance_wealth_health_plan.aspx?from=Savings%20%26%20Investment%20Plan&path=SavingsnInvestmentPlan/savings_n_investment_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/AutomaticInvestmentPlan/RAIP_reliance_automatic_investment_plan.aspx?from=Savings%20%26%20Investment%20Plan&path=SavingsnInvestmentPlan/savings_n_investment_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/MoneyGuaranteePlan/RMGP_reliance_money_guarantee_plan.aspx?from=Savings%20%26%20Investment%20Plan&path=SavingsnInvestmentPlan/savings_n_investment_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/CashFlowPlan/RCFP_reliance_cash_flow_plan.aspx?from=Savings%20%26%20Investment%20Plan&path=SavingsnInvestmentPlan/savings_n_investment_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/MarketReturnPlan/RMRP_reliance_market_return_plan.aspx?from=Savings%20%26%20Investment%20Plan&path=SavingsnInvestmentPlan/savings_n_investment_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/EndowmentPlan/REP_reliance_endowment_plan.aspx?from=Savings%20%26%20Investment%20Plan&path=SavingsnInvestmentPlan/savings_n_investment_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/SpecialEndowmentPlan/RSEP_reliance_special_endowment_plan.aspx?from=Savings%20%26%20Investment%20Plan&path=SavingsnInvestmentPlan/savings_n_investment_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/WholeLifePlan/RWLP_reliance_whole_life_plan.aspx?from=Savings%20%26%20Investment%20Plan&path=SavingsnInvestmentPlan/savings_n_investment_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/GoldenYearsPlan/RGYP_reliance_golden_years_plan.aspx?from=Savings%20%26%20Investment%20Plan&path=SavingsnInvestmentPlan/savings_n_investment_plan.aspx8/9/2019 a study into ulip plans reliance capital
31/86
11. Reliance Golden Years Plan Value
12. Reliance Golden Years Plan Plus
13. Reliance Connect 2 Life plan
Retirement PlansInvest today in Reliance Retirement Plans and save money to enjoy life even after
retirement. You will never have to depend on another person or make any
compromises to maintain your current lifestyle. The latest Retirement Plans are as
below
1. Reliance Total Investment Plan Series II Pension
2. Reliance Golden Years Plan
3. Reliance Golden Years Plan Value
4. Reliance Golden Years Plan Plus
5. Reliance Wealth + Health plan
6. Reliance Automatic Investment Plan
7. Reliance Money Guarantee Plan
Child Plans
Save systematically and secure your childs future needs by investing in Reliance
Child Plans. You can always be there for your child when he or she needs you.
The Childs plans are as below
1. Reliance Child plan
2. Reliance Secure Child plan
3. Reliance Wealth + Health plan
Market Return Plan
http://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/GoldenYearsPlanValue/RGYPV_reliance_golden_years_plan_value.aspx?from=Savings%20%26%20Investment%20Plan&path=SavingsnInvestmentPlan/savings_n_investment_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/GoldenYearsPlanPlus/RGYPP_reliance_golden_years_plan_plus.aspx?from=Savings%20%26%20Investment%20Plan&path=SavingsnInvestmentPlan/savings_n_investment_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/Connect2Life/RC2LP_reliance_connect_2_life_plan.aspx?from=Savings%20%26%20Investment%20Plan&path=SavingsnInvestmentPlan/savings_n_investment_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/RetirementPlans/retirement_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/TotalInvestmentPlan-Pension/RTIP_seriesII_pension.aspx?from=Retirement%20Plans&path=RetirementPlans/retirement_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/GoldenYearsPlan/RGYP_reliance_golden_years_plan.aspx?from=Retirement%20Plans&path=RetirementPlans/retirement_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/GoldenYearsPlanValue/RGYPV_reliance_golden_years_plan_value.aspx?from=Retirement%20Plans&path=RetirementPlans/retirement_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/GoldenYearsPlanPlus/RGYPP_reliance_golden_years_plan_plus.aspx?from=Retirement%20Plans&path=RetirementPlans/retirement_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/WealthHealth/RWHP_reliance_wealth_health_plan.aspx?from=Retirement%20Plans&path=RetirementPlans/retirement_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/AutomaticInvestmentPlan/RAIP_reliance_automatic_investment_plan.aspx?from=Retirement%20Plans&path=RetirementPlans/retirement_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/MoneyGuaranteePlan/RMGP_reliance_money_guarantee_plan.aspx?from=Retirement%20Plans&path=RetirementPlans/retirement_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/ChildPlans/child_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/ChildPlan/RCP_reliance_child_plan.aspx?from=Child%20Plans&path=childPlans/child_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/SecureChildPlan/RSCP_reliance_secure_child_plan.aspx?from=Child%20Plans&path=childPlans/child_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/WealthHealth/RWHP_reliance_wealth_health_plan.aspx?from=Child%20Plans&path=childPlans/child_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/GoldenYearsPlanValue/RGYPV_reliance_golden_years_plan_value.aspx?from=Savings%20%26%20Investment%20Plan&path=SavingsnInvestmentPlan/savings_n_investment_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/GoldenYearsPlanPlus/RGYPP_reliance_golden_years_plan_plus.aspx?from=Savings%20%26%20Investment%20Plan&path=SavingsnInvestmentPlan/savings_n_investment_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/Connect2Life/RC2LP_reliance_connect_2_life_plan.aspx?from=Savings%20%26%20Investment%20Plan&path=SavingsnInvestmentPlan/savings_n_investment_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/RetirementPlans/retirement_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/TotalInvestmentPlan-Pension/RTIP_seriesII_pension.aspx?from=Retirement%20Plans&path=RetirementPlans/retirement_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/GoldenYearsPlan/RGYP_reliance_golden_years_plan.aspx?from=Retirement%20Plans&path=RetirementPlans/retirement_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/GoldenYearsPlanValue/RGYPV_reliance_golden_years_plan_value.aspx?from=Retirement%20Plans&path=RetirementPlans/retirement_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/GoldenYearsPlanPlus/RGYPP_reliance_golden_years_plan_plus.aspx?from=Retirement%20Plans&path=RetirementPlans/retirement_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/WealthHealth/RWHP_reliance_wealth_health_plan.aspx?from=Retirement%20Plans&path=RetirementPlans/retirement_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/AutomaticInvestmentPlan/RAIP_reliance_automatic_investment_plan.aspx?from=Retirement%20Plans&path=RetirementPlans/retirement_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/MoneyGuaranteePlan/RMGP_reliance_money_guarantee_plan.aspx?from=Retirement%20Plans&path=RetirementPlans/retirement_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/ChildPlans/child_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/ChildPlan/RCP_reliance_child_plan.aspx?from=Child%20Plans&path=childPlans/child_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/SecureChildPlan/RSCP_reliance_secure_child_plan.aspx?from=Child%20Plans&path=childPlans/child_plan.aspxhttp://www.reliancelife.com/rlic/Products/SolutionsforIndividuals/Plans/WealthHealth/RWHP_reliance_wealth_health_plan.aspx?from=Child%20Plans&path=childPlans/child_plan.aspx8/9/2019 a study into ulip plans reliance capital
32/86
Under This plan the investment risk in the investment portfolio is borne by the
policyholder.
key features
Twin benefit of market linked return and insurance protection
A unit linked plan, different from traditional life insurance products with
maximum maturity age of 80 years.
Option to create your own portfolio depending on your risk appetite.
Choose from four different investment funds
Flexibility to switch between funds
Option to pay regular as well as single premium & top- ups
Option to package your policy with accidental rider
Flexibility to increase the sum assured
Liquidity through partial withdrawals
How does this plan work
The premium paid by the client net of premium allocation charges is invested
in fund/funds of your choice and units are allocated depending on the price of
units for the fund/funds. The fund value is the total value of units that you
hold in the fund/funds. The mortality charges and policy administration
charges are ducted through cancellation of units whereas the fund
management charge is priced in the unit value.
Benefits
Life cover Assured: in case of unfortunate loss of life, the beneficiary will get
sum assured or fund value, whichever is higher. The client can choose the
basic sum assured within the minimum and maximum levels mentioned
below.
Minimum sum Assured:
Regular premium: annualized premium for 5 years or annualized
premium for half the policy term, whichever is higher.
8/9/2019 a study into ulip plans reliance capital
33/86
Single premium: 125% of the single premium.
Maximum sum Assured
No limit (50000 for age up to 12 years)
Maturity Benefits
On survival to maturity the fund value on maturity will be paid out.
Rider Benefits
The Client can add the Accidental Death & Total and Permanent Disablement
Benefit Rider (available only with the regular premium option).
This benefit doubles the life coverage in case of accidental death or accidental
total and permanent disablement at a very nominal additional cost. The maximum
cover is Rs. 50, 00,000 per life.
In case of accidental death of the life assured during the policy term, the accident
benefit sum assured will be paid immediately in a lump sum.
In case of accidental total and permanent disablement, 1/10th of the accident
benefit sum assured will be paid at the end of each year for ten years. If the total
and permanent disablement has commenced, the accidental death benefit cover
ceases.
In case of maturity or on death of the life assured before payment of all
installments of accidental total and permanent disablement benefits, the remaining
unpaid installments of any will be paid in one lump sum along with death or
maturity benefit.
Accidental total and permanent disablement means disability caused by bodily
injury, which causes permanent inability to perform any occupation or to engage
in any activities for remuneration or profits. This disability should last for at least
6 months before being eligible for accidental total and permanent disablement
benefits.
Accidental total and permanent disablement includes loss of both arms and both
legs or one arm and one leg or of both eyes. Loss of arms or legs means
dismemberment by amputation of the entire hand or foot. Loss of eyes means
entire and irrecoverable loss of sight.
8/9/2019 a study into ulip plans reliance capital
34/86
8/9/2019 a study into ulip plans reliance capital
35/86
Investment would be at least 60% in fixed interest securities and maximum 40%
in equities.
4. Equity Fund:
The investment objective of this fund is to provide policyholders with high
exposure to equities and the possibility of investment returns, which generate a
high real rate of return in the long term while recognizing that there is a
significant probability of negative investment returns in the short term. This fund
offers a totally equity based investment option. Your returns depend entirely upon
the performance of the equity market. The risk profile of this fund is high. The
higher risk of this portfolio means that expected returns would also be higher.
Investment would not exceed 30% in bank deposits and may be up to 100% inequities.
Value of Units:
The market value of assets plus/less expenses
incurred
In the purchase/sale of assets plus current assets
plus
Any accrued income net of fund management
charges
Less current liabilities less provision
Unit Value =
Total number of units on issue (before any new
units
are allocated/redeemed.)
8/9/2019 a study into ulip plans reliance capital
36/86
Who can Buy the product
What is the policy term
Minimum policy term 5 years
Maximum policy term 40 years
Flexible premium payment modes:
Choose from five premium payment modes.
a) Annual minimum premium is Rs. 10,000.
b) Half yearly minimum premium is Rs. 5,000.
c) Quarterly minimum premium is Rs. 2,500.
d) Monthly minimum premium is Rs. 1,000.
e) Single premium minimum premium is Rs. 25,000.
Charges under the plan:
1. Premium allocation charge
For regular premium policies:
Term of the policy as below
Years 5-9 10 - 14 15+
First year 10% 15% 20%
Thereafter 5% 5% 5%
(The premium allocation charge for single premium & top ups is 2%.)
2. Policy Administration charges:
Minimum age at entry 30 days
Maximum age at entry 65 years
Maximum age at maturity 80 years
8/9/2019 a study into ulip plans reliance capital
37/86
Rs. 40 will be deducted from your unit account each month.
3. Fund Management Charges:
(The fund management charges will be deducted on a daily basis.)
Revision of charges:
The fund management charges are subject to revision at any time, but hey will not
exceed 2% p.a. for the capital secure fund and 2.5% p.a. for the other funds.
Any changes made to the charges under this policy will be subject to IRDA
approval.
4. Partial Withdrawal Charges:
Rs. 100 per withdrawal will be deducted from your unit account.
5. Switching Charge:
1% of the amount switched, with a maximum of Rs. 1,000/- per switch.
6. Mortality Charges:
The Mortality charges, based on your attained age, are determined using 1/12 th of
the charges are different.
7. Surrender Charge:
This charge is levied on the unit fund at the time of surrender of the policy as
under:
Unit Linked Funds Annual Rate
Capital Secure 1.50%
Balanced Fund 1.50%
Growth Fund 1.75%
Equity Fund 1.75%
8/9/2019 a study into ulip plans reliance capital
38/86
8. Service Tax Charge
This charge will be levied on mortality, accident & disability benefit charges. The
level of this charge will be as per the rate of service tax on risk premium levied by
the government from time to time the correct rate of service tax is 12.36% this
charge shall be collected along with charges.
How safe is your investment
The investments made in the unit funds are subject to investment risks
associated with capital markets and the NAVs of the units may go up or
down based on the performance of the fund and the factors influencing the
capital market, and the insured is responsible for his/her decisions.
The unit price is a reflection of the financial and equity/debt market
conditions and can increase or decrease at any time due to this.
Benefits payable under the policy will be made according o the tax laws
and other regulations in force at that time.
There are no guarantees for any fund of any kind under this policy. The
benefit payable on maturity will be equal to the value of your units.
The name in the funds in n way indicates the returns derived from them.
Number of years premiums paid Surrender charge as percentage of
fund value
Less than 1 100%
1 50%
2 20%
3 and more NIL
8/9/2019 a study into ulip plans reliance capital
39/86
Please note that Reliance life Insurance company limited is only the name
of the insurance company and Reliance market return plan is only the
name of the unit linked life insurance policy and does not in anyway
indicate the quality of the policy or its future prospects or returns
Free Look Period.
In case the policyholder disagrees with any of the terms and conditions of the
policy, he may return the policy to the company within 15 days of its receipt for
cancellation, stating his/her objections in which case the company will refund an
amount equal to the non allocated premium plus the charges levied by
cancellation of units plus fund value as on the date of receipt of the request in
writing for cancellation, less the proportionate premium for the period the
company has been on risk and the expenses incurred by the company medical
examination and stamp duty charges. If the risk acceptance date falls within
cooling off period, then on cancellation RLIC shall pay fund value less of
charges.
8/9/2019 a study into ulip plans reliance capital
40/86
The Concept of Mutual FundA mutual fund is a common pool of money into which investors place their
contributions that are to be invested in accordance with a stated objective. The
ownership of the fund is thus joint and mutual; the fund belongs to all
investors
Reliance Mutual Fund
Reliance Mutual Fund (RMF), a part of the Reliance - Anil Dhirubhai
Ambani Group, is India's leading Mutual Fund, with average Assets under
Management of Rs. 90,813 crores for the month of June 2008, and an
investor base of over 6.7 million. Reliance Mutual Fund offers investors a
well rounded portfolio of products to meet varying investor requirements.
Reliance Mutual Fund has a presence in 300 cities across the country and
constantly endeavors to launch innovative products and customer service
initiatives to increase value to investors. Reliance Mutual Fund schemes
are managed by Reliance Capital Asset Management Ltd., a wholly
owned subsidiary of Reliance Capital Ltd.
8/9/2019 a study into ulip plans reliance capital
41/86
Types of Mutual Funds on the Basis of Risk Vs Returns
Frequently used term in Mutual Funds
Net Asset Value (NAV)
Sector Funds
Risk
Money Market Funds
Floaters
Income Funds
Gilt Funds
MIPs
Balanced Funds
Diversified EquityFunds
Re
turns
8/9/2019 a study into ulip plans reliance capital
42/86
Net Asset Value is the market value of the assets of the scheme minus its
liabilities. The per unit NAV is the net asset value of the scheme divided by the
number of units outstanding on the Valuation Date.
Sale Price
Is the price you pay when you invest in a scheme. Also called Offer Price. It may
include a sales load.
Repurchase Price
Is the price at which a close-ended scheme repurchases its units and it may
include a back-end load. This is also called Bid Price
Redemption Price
Is the price at which open-ended schemes repurchase their units and close-ended
schemes redeem their units on maturity? Such prices are NAV related.
Sales Load
Is a charge collected by a scheme when it sells the units. Also called, Front-end
load. Schemes that do not charge a load are called No Load schemes
Repurchase or Back-end Load
Is a charge collected by a scheme when it buys back the units from the unit
holders.
Types of Reliance Mutual Funds
1. Reliance Growth Fund
2. Reliance Vision Fund
3. Reliance Banking Fund
4. Reliance Diversified Power Sector Fund
5. Reliance Pharma Fund
6. Reliance Media & Entertainment Fund
8/9/2019 a study into ulip plans reliance capital
43/86
7. Reliance NRI Equity Fund
8. Reliance Equity opportunities Fund
9. Reliance Index Fund
10. Reliance Tax Saver (ELSS) Fund
11. Reliance Equity Fund12. Reliance Long Term Equity Fund
13. Reliance Regular Saving Fund
The key term in mutual funds
Dividend Policy: Dividend will be distributed from the available distributable
surplus after the deduction of the divided distribution surplus after the deduction
of the dividend distribution tax and the applicable surcharge, if any. The mutual
fund is not guaranteeing or assuring any dividend. Pease read the offer document
for details. Further payment of all the dividends shall be in compliance with SEBI
circular No. SEBI/IMD/CIR No. 1/64057/06 dated 4/4/06.
Applicable NAV: Sale of units by reliance mutual fund: in respect of valid
applications received up to 3 p.m. by the mutual fund alongwith a local cheque or
a demand draft payable at par at the place where the application is
received, the closing NAV of the day on which application is received shall be
applicable.
Repurchase including Switch-out: in respect of valid applications received upto
3 pm by the mutual fund, same days closing NAV shall be applicable. In respect
of valid applications received after 3 p.m. by the mutual fund, the closing NAV of
the next business day shall be applicable.
Daily net Asset Value(NAV) publication: the NAV will be declared on all
working days and will be published in 2 newspaper. NAV can also be viewed on
www.reliancemutualfund.com and www.amfiindia.com .Tax Benefits to the mutual fund: Reliance Mutual Fund is a Mutual fund
registered with the securities & exchange board of India and hence the entire
income of the mutual fund will be exempt from income tax in accordance with the
provisions of section 10(23D) of the income tax act, 1961. The mutual fund will
http://www.reliancemutualfund.com/http://www.amfiindia.com/http://www.reliancemutualfund.com/http://www.amfiindia.com/8/9/2019 a study into ulip plans reliance capital
44/86
receive all income without any deduction of tax at source under the provisions of
section 196(iv) of the act.
An exemption has been granted under the finance (No.2) act, 2004 to open ended
equity oriented mutual funds from paying distribution tax on income distributed
without any time limit, effective from 1 April 2004.
Securities transaction Tax:
Name of Transaction Payable by Rate of Tax
Purchase and sale ofequity shares or units ofequity oriented mutualfunds on a recognizedstock exchange ondelivery basis
Both purchaser as well asseller
0.125%
Sale on stock exchange ofequity shares or units ofequity oriented mutualfunds on non- deliverybasis
Seller 0.025%
sale of derivativesreorganized stock exchange
Seller 0.017%
Sale of units of equityoriented mutual funds tothe mutual fund
Seller 0.25%
There are two types of investment in Mutual Funds.
Lump Sum
Systematic Investment Plan(SIP)
.
Lump sum: In Lump sum the investment is only one times that
is of Rs. 5,000. and if the investment is monthly then the investment will be
6,000/-.
Systematic Investment Plan(SIP) :
We have already mentioned about SIPs in brief in the previous pages but now
going into details, we will see how the power of compounding could benefit us. In
such case, every small amounts invested regularly can grow substantially. SIP
8/9/2019 a study into ulip plans reliance capital
45/86
gives a clear picture of how an early and regular investment can help the investor
in wealth creation. Due to its unlimited advantages SIP could be redefined as a
methodology of fund investing regularly to benefit regularly from the stock
market volatility. In the later sections we will see how returns generated from
some of the SIPs have outperformed their benchmark. But before moving on tothat lets have a look at some of the top performing SIPs and their return for 1
year:
SchemeAmount NAV
NAVDate
TotalAmount
Reliance diversifiedpower sector retail 1000 62.74
30/5/2008 14524.07
Reliance regular
savings equity 1000
22.20
8
30/5/20
08
13584.94
4principal global
opportunities fund 1000 18.8630/5/2008
14247.728
DWS investment
opportunities fund 1000 35.3130/5/2008
13791.157
BOB growth fund 1000 42.1430/5/2008
13769.152
In the above chart, we can see how if we start investing Rs.1000 per month then
what return well get for the total investment of Rs. 12000. There is reliance
diversified power sector retail giving the maximum returns of Rs. 2524.07 per
year which comes to 21% roughly. Next we can see if anybody would have
undertaken the SIP in Principal would have got returns of app. 18%. We can see
reliance regular savings equity, DWS investment opportunities and BOB growth
fund giving returns of 13.20%, 14.92%, and 14.74% respectively which is greater
than any other monthly investment options. Thus we can easily make out how
SIP is beneficial for us. Its hassle free, it forces the investors to save and get theminto the habit of saving. Also paying a small amount of Rs. 1000 is easy and
convenient for them, thus putting no pressure on their pockets.
Now we will analyze some of the equity fund SIP s of Birla Sunlife with BSE 200
and bank fixed deposits In a tabular format as well as graphical.
8/9/2019 a study into ulip plans reliance capital
46/86
Exposure of Mutual Funds Companies in India
The concept of mutual funds in India dates back to the year 1963. The era
between 1963 and 1987 marked the existence of only one mutual fund
company in India with Rs. 67bn assets under management (AUM), by the
end of its monopoly era, the Unit Trust of India (UTI). By the end of the
80s decade, few other mutual fund companies in India took their position
in mutual fund market.
The new entries of mutual fund companies in India were SBI Mutual Fund,
Canbank Mutual Fund, Punjab National Bank Mutual Fund, Indian Bank
Mutual Fund, Bank of India Mutual Fund.
The succeeding decade showed a new horizon in Indian mutual fund
industry. By the end of 1993, the total AUM of the industry was Rs. 470.04
bn. The private sector funds started penetrating the fund families. In the
same year the first Mutual Fund Regulations came into existence with re-
registering all mutual funds except UTI. The regulations were further given
a revised shape in 1996.
Kothari Pioneer was the first private sector mutual fund company in India
which has now merged with Franklin Templeton. Just after ten years with
private sector players penetration, the total assets rose up to Rs. 1218.05bn. Today there are 33 mutual fund companies in India in which some are
as below.
ABN AMRO Mutual Funds
Birla Sun life mutual Funds
Bank of Baroda Mutual Fund
HDFC Mutual Fund
HSBC Mutual Fund
ING Vysya Mutual Fund
Prudential ICICI Mutual Fund
Sahara Mutual Fund
State Bank of India Mutual Fund
8/9/2019 a study into ulip plans reliance capital
47/86
Tata Mutual Fund (TMF)
Kotak Mahindra Asset Management Company (KMAMC)
UTI Asset Management Company Private Limited
Reliance Mutual Fund (RMF)
Standard Chartered Mutual Fund
Escorts Mutual Fund
Alliance Capital Mutual Fund
Benchmark Mutual Fund
Canbank Mutual Fund
Chola Mutual Fund
LIC Mutual Fund
GIC Mutual Fund
Working of a Mutual Fund
Terms and conditions
This facility offered only to the investors having bank accounts in selected
cities which are specific in the form of the SIP.
Submit the following document at least 21 working days before the first
SIP date for ECS (Electronic clearing Service).
8/9/2019 a study into ulip plans reliance capital
48/86
8/9/2019 a study into ulip plans reliance capital
49/86
Regulatory oversight: Mutual funds are subject to many government
regulations that protect investors from fraud.
Liquidity: It's easy to get your money out of a mutual fund. Write a check,
make a call, and you've got the cash.
Convenience: You can usually buy mutual fund shares by mail, phone, or
over the Internet.
Low cost: Mutual fund expenses are often no more than 1.5 percent of
your investment. Expenses for Index Funds are less than that, because
index funds are not actively managed. Instead, they automatically buy
stock in companies that are listed on a specific index
Transparency
Flexibility
Choice of schemes
Tax benefits
Well regulated
Drawbacks of Mutual Funds
Mutual funds have their drawbacks and may not be for everyone:
No Guarantees: No investment is risk free. If the entire stock market
declines in value, the value of mutual fund shares will go down as well, no
matter how balanced the portfolio. Investors encounter fewer risks when
they invest in mutual funds than when they buy and sell stocks on their
own. However, anyone who invests through a mutual fund runs the risk of
losing money.
Fees and commissions: All funds charge administrative fees to cover their
day-to-day expenses. Some funds also charge sales commissions or
8/9/2019 a study into ulip plans reliance capital
50/86
"loads" to compensate brokers, financial consultants, or financial planners.
Even if you don't use a broker or other financial adviser, you will pay a
sales commission if you buy shares in a Load Fund.
Taxes: During a typical year, most actively managed mutual funds sell
anywhere from 20 to 70 percent of the securities in their portfolios. If your
fund makes a profit on its sales, you will pay taxes on the income you
receive, even if you reinvest the money you made.
Management risk: When you invest in a mutual fund, you depend on the
fund's manager to make the right decisions regarding the fund's portfolio.
If the manager does not perform as well as you had hoped, you might not
make as much money on your investment as you expected. Of course, if
you invest in Index Funds, you forego management risk, because these
funds do not employ managers
8/9/2019 a study into ulip plans reliance capital
51/86
CHAPTER 3:-Project Profile And Unit Linked
Plans Of Reliance Capital
RESEARCH MEATHODOLOGY
o significancce of the study
o Objective And Scope Of The
Study
o Hypothesis
o Sample size and type
o Questionnaire
o
Statistical tool
ULIP PLANS
8/9/2019 a study into ulip plans reliance capital
52/86
1-RELIANCE AUTOMATIC INVESTMENT PLAN:-
Key Features Reliance Automatic Investment Plan
Two plan option to choose from ready- made and tailor- made.
Freedom to decide your own fund mix based on your riskProfile under the tailor-made plane
Regular ,limited , single premium paying option
Unmatched flexibility through our exchange option
Liquidity in the form of partial withdrawal
The Key Benifits Of Reliance Automatic Investment Plan
Are As Follows
A smart plan which adapts to your changing risk profile withincreasing age.
Option to lower the average cost of unit through systematic transferof your fund.
Flexibility to switch between fund and plan.
Option for additional insurance cover available through riders.
How Does This Plan Work
As a customer you have the liberty to choose between the readymade and tailor-made plan option . The premium contributionsmade by you, net of premium allocation charges and sum assuredrelated charges are invested in fund of your choose and unit areallocated depending on the price of unit for the fund
The fund value is the total value of units that you hold in the fund.The mortality charges and policy administration charges arededucted through cancellation of units, whereas the fundmanagement charge is priced in the units value.
TAX BENIFITE
8/9/2019 a study into ulip plans reliance capital
53/86
As per current tax rules premium paid are eligible for taxdeduction under sec.80c of the income tax act,1961. Provided thepremium in any years during the term of the policy does not exceed20% of the sum assured, maturity and withdrawals are eligible fortax benefit under sec.10(10d). Death benefits are tax free undersec.10(10)d of the income tax act,1961. Under sec 80c premiums
up to rs.100,000 are allowanced as deduction from your taxableincome.
who can buy this product ?
reliance automatic investment plan
Minimum age at entry: 18 years last birthday
Maximum age at entry: 59 years last birthday
Minimum age at vesting : 45 years last birthday
Maximum age at vesting : 64 years last birthday
Minimum policy term: 5 years or up to age 45years, if later
minimum sum assured : 5 times of theannualised premium
Maximum sum assured : 50times of the annualisedpremium
2- RELIANCE SUPER INVESTASSURE PLAN
8/9/2019 a study into ulip plans reliance capital
54/86
KEY FETURE RELIANCE INVESTASSURE PLAN
Twin benefits of marke linked return and insurance protection
Investment opportunity with flexibility choose from 8 pureinvestment fund option
Option to pay top up premium's
Liquidity in the form of partial withdrawals A host of optional rider benefits to enhance protection cover
How does the reliance super investassure plan ?
As a customer you have the liberty to choose between 8 fund optionsthe premium contribution made by you, net of premium allocationcharges ae invested in fund of your choice. The units are allocateddepending on the price of units of the funds.The fund value is the total value of units that u hold across all the unit-linked funds.
Minimum Sun Assured: Annualized Premium Payable For 5 Years.Maximum Sum Assured : Depends On The Age At Entry
age at entry (last birthday) maximum sum assured
0 to 40 20 times of annualized premium
41 to 45 15 times of annualized premium
46 to 50 10 times of annualized premium
51 to 60 5 times of annualized premium
BENEFITS
LIFE COVER BENEFITS
8/9/2019 a study into ulip plans reliance capital
55/86
if death of the life assured occur before commencementof risk cover#, total fund value as on the date ofintimation of death will be paid.
if death of the life assured occurs on or after 60th
birthday, the higher of 1or 2 will be paid1. sum assure( less all partial withdrawals made from the
policy fund during the 24 months before attaining60th birthday withdrawals made from the basic policyfund after attaining 60th birthday)
2. total fund value as the date of intimation of death.
MATURITY BENIFIT
on survival of the life assured to maturity, the total fund value will bepaid. the policy terminates on payment of maturity benefits .
RIDER BENEFITSyou can add following optional rider benefits
reliance major surgical benefit rider
reliance critical conditions(25) rider
reliance term life insurance term benefits
reliance accidental death and total and permanent disablementrider
RESEARCH METHODOLOGY
8/9/2019 a study into ulip plans reliance capital
56/86
Research Methodology deals with, the procedure adopted to carry out the study.
According to green and Tull:
A research design is the specification of methods and procedures acquiring the
information needed It is the overall operational pattern or framework of the
project that stipulates which information is to be collected from which sources bywhat procedures. For conducting the study, the researcher has adopted both
primary as secondary method of data collection.
Data sources:
Research is totally based on primary data. Secondary data can be
used only for the reference. Research has been done by primary
data collection, and primary data has been collected by interacting
with various people.
SIGNIFICANCE
8/9/2019 a study into ulip plans reliance capital
57/86
The purpose of research is to discover answer to questions through the
application of scientific procedures. The main aim of research is to find out truth
which is hidden and which has not been discovered as yet. Though each research
study has its own specific purpose, we may think of research objectives as falling
into a number of following broad grouping: To check the awareness level of people about ulip schemes.
To know the reasons for increasing trend of unit linked insurance plan.
To know how ULIP are differ from Traditional plans means how they
give better returns than traditional plan.
Comparison of investment plan with other tax saving instruments.
Comparison of ULIP with other investment instrument available in
the market.
OBJECTIVE
To determine reasons behind opting for an insurance.
To provide the company with information of customer's Insurance policy if
they have any and reasons for opting for that particular policies.
To know the most preferred policy.
To determine customers perception towards private insurance companies and
their expectation form private insurance companies.
To determine the feedback on services provided by any other
insurance agent.
To study the types of benefits provided by insurance services.
8/9/2019 a study into ulip plans reliance capital
58/86
To determine the use of Internet for valuable information and
decision-making process.
RESEARCH DESIGN
NON-PROBABILITY
DISCRIPTIVE RESEARCH
The research is primarily both exploratory as well as descriptive in nature. The
sources of information are both primary & secondary. A well-structured
questionnaire was prepared and personal interviews were conducted to collect the
customers perception and buying behavior, through this questionnaire.
SAMPLING METHODOLOGY
SamplingTechnique:
Initially, a rough draft was prepared keeping in mind the objective of the research.
A pilot study was done in order to know the accuracy of the Questionnaire. The
final Questionnaire was arrived only after certain important changes were done.
Thus my sampling came out to be judemental and convinent
Sampling Unit:
The respondants who were asked to fill out questionnaires are the sampling units.
These comprise of customer of life insurance..
8/9/2019 a study into ulip plans reliance capital
59/86
Sample size:
The sample size was restricted to only 30, which comprised of mainly peoples
from different regions of Agra due to time constraints.
Sampling Area :
The area of the research was AGRA, India.
LIMITATIONS OF THE RESEARCH
8/9/2019 a study into ulip plans reliance capital
60/86
1. The research is confined to a certain parts of AGRA and does not
necessarily shows a pattern applicable to all of Country.
2. Some respondents were reluctant to divulge personal information which can
affect the validity of all responses.
3. In a rapidly changing industry, analysis on one day or in one segment can
change very quickly. The environmental changes are vital to be considered in
order to assimilate the findings.
8/9/2019 a study into ulip plans reliance capital
61/86
CHAPTER 5
DATA INTERPRETATION AND
ANALYSIS
DATA ANALYSIS & INTERPRETATION
8/9/2019 a study into ulip plans reliance capital
62/86
Q 1. Do you make investments?
CATEGORY NO.OF PEOPLES %
YES 22 73
NO 8 27
Q 2. What are the reasons to make investments?
OPTION PEOPLE %
0%
73%
27%CATEGO
YES
NO
8/9/2019 a study into ulip plans reliance capital
63/86
TAX SAVING 7 23.33333SECURE
INVESTMENT
6
20
LIFE COVER 9 30RETURN 5 16.66667OTHER 3 10
3. Which companys policy you are having?
COMPANIES PEOPLE %
LIC 18 61
Reliance 4 8
23%
20%30%
17%10%
PEOPLE
TAX SAVING
SECURE INVESTME
LIFE COVER
RETURN
OTHER
8/9/2019 a study into ulip plans reliance capital
64/86
8/9/2019 a study into ulip plans reliance capital
65/86
Q.4 Are you satisfied with your Investment?
CATEGORIES NO. OF PEPOLE %
YES 16 58NO 14 42
NO. OF PEPOLE
58%
42%
Q5. Have you heard about private insurance company reliance
capital?
8/9/2019 a study into ulip plans reliance capital
66/86
CATEGORIES NO. OF PEPOLE %
YES 16 58
NO 14 42
NO. OF PEPOLE
58%
42%
Q6. How did you come to know about the company.
CATEGORIES NO. OF PEPOLE %
8/9/2019 a study into ulip plans reliance capital
67/86
ADVERTISEMENT 12 40
WORD OF MOUTH 8 29
YOUR BANK 3 7
INSURANCE AGENT 7 24
NO. OF PEPOLE
40%
29%
7%
24%
ADVERTISEMEN
WORD OF MOUT
YOUR BANK
INSURANCE AGE
Q7.what kind of plan do you have?
CATEGORIES NO.OF PEPOLE TOTAL%
ENDOWNMENT 6 19
TERM 4 11
ULIP 15 57
8/9/2019 a study into ulip plans reliance capital
68/86
NO POLICY HOLDER 5 13
NO.OF PEPOLE
19%
11%
57%
13%
ENDOWNMENT
TERM
ULIP
NO POLICY HOLD
Q8 Are you satisfied with your Investment?
CATEGORIES NO. OF PEOPLE %
SATISFIED 16 56
UNSATISFIED 9 31
NO POLICY
HOLDER
5 13
8/9/2019 a study into ulip plans reliance capital
69/86
NO. OF PEOPLE
56%31%
13%
SATISFIED
UNSATISFIED
NO POLICY HOLD
8/9/2019 a study into ulip plans reliance capital
70/86
Q9.Are you aware about the benefit and the condition about
your plan?
CATEGORIES NO. OF PEPOLE %
COMPLETE AWARE 8 23
ADEQUATE AWARE 5 17
CONFUSE 2 13
LESS KNOWLEDGE 7 19
COMPLETE
UNAWARE
4 15
NO POLICY HOLDER 2 13
NO. OF PEPOLE
23%
17%
13%19%
15%
13% COMPLETE AWARE
ADEQUATE AWARE
CONFUSE
LESS KNOWLEDGE
COMPLETE UNAWA
NO POLICY HOLDER
8/9/2019 a study into ulip plans reliance capital
71/86
8/9/2019 a study into ulip plans reliance capital
72/86
YES 17 59
NO 13 41
NO.OF PEPOLE
59%
41%
Y
N
Q12. Do you think reliance automatic investment plan
of reliance capital is better other plans?
CATEGORIES NO.OF PEPOLE %
8/9/2019 a study into ulip plans reliance capital
73/86
YES 10 33
NO 7 26
DONT KNOW 13 41
NO.OF PEPOLE
33%
26%
41%YES
NO
DONT KN
Q13. why did you purchase insurance plan?
CATEGORIES NO. OF PEPOLE %
FOR PROTECTION 4 15
8/9/2019 a study into ulip plans reliance capital
74/86
8/9/2019 a study into ulip plans reliance capital
75/86
VERY SAFE 6 20
NON POLICY HOLDER 7 15
NO.OF PEPOLE
13%
18%
34%
20%
15%VERY RISKY
MODERATE
SAFE
VERY SAFE
NON POLICY HOLD
8/9/2019 a study into ulip plans reliance capital
76/86
CHAPTER 5FINDING / SUGGESTION
FINDINGS
Now people mainly prefer ULIP for saving, then
bank then Post-Office and after that prefer P.P.F. and other.
The main reason behind the insurance plan or ULIP preference
is switching facility or option to choose fund.
8/9/2019 a study into ulip plans reliance capital
77/86
Mainly people prefer low growth safe return as
compare to high growth some risky return.
People mainly purchase life insurance policy for
investment and then for tax-saving they give 2nd preference to
protection.
Approximately 20% people do not know what is
insurance.
I also find that people mainly prefer L.I.C. as
compare to private insurance company.
In my survey, I also find that only 56% people are
satisfied with current policy.
In also find that only 58% people know about theICICI Prudential Life Insurance.
SUGGESTION
Brand awarness about the reliance capitals ulip plans.
Company preferences should be considered.
8/9/2019 a study into ulip plans reliance capital
78/86
After sales service should also be provided by the agents.
Different promotin schemes should be adopte by the company.
Ex- banners, holdings , road shows etc.
They should target rural market as well.
8/9/2019 a study into ulip plans reliance capital
79/86
CHAPTER 6
CONCLUSION
CONCLUSION
Our exhaustive research in the field of Life Insurance threw up some interesting
trends which can be seen in the above analysis. A general impression that we
gathered during Data collection was the immense awareness and knowledge
among people about various companies and their insurance products. People are
8/9/2019 a study into ulip plans reliance capital
80/86
beginning to look beyond LIC for their insurance needs and are willing to trust
private players with their hard earned money.
People in general have been impression by the marketing and advertising
campaigns of insurance companies. A high penetration of print , radio and
Television ad campaigns over the years is beginning to have its impact now.
The general satisfaction levels among public with regards to policy and agents
still requires improvement. But therein lays the opportunity for a relative new
comer like ING. LIC has never been known for prompt service or customer
oriented methods and Reliance can build on these factors.
8/9/2019 a study into ulip plans reliance capital
81/86
8/9/2019 a study into ulip plans reliance capital
82/86
Capital Appreciation ( )
secure investment ( )
Life cover ( )
Other ( )
Q 3 If Yes, which company's policy you are having?Reliance ( ) Lic ( )
icici ( ) other ( )
Q4. Are you satisfied with your Investment?
YES ( ) NO ( )
Q 5. Is private life insurance companies reliable for Investment?
Yes ( ) No ( )
Q 6. Have you heard about private insurance company reliance
capital?
Yes ( ) No ( )
Q 7. From where did you come to know about reliance capital?
Electronic media ( ) print media ( )
Seminar ( ) Work shops ( )
Advisor ( ) others ( )
Q8 Are you aware about the benefit and the condition about
your plan?
COMPLETE AWARE ( )
ADEQUATE AWARE ( )
CONFUSE ( )
LESS KNOWLEDGE ( )
8/9/2019 a study into ulip plans reliance capital
83/86
COMPLETE UN