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Reliance Life to Launch New Pension Policy in October

India’s leading private insurer, Reliance Life plans to launch a new pension plan in October 2012. It has sought the insurance regulator, Insurance Regulatory and Development Authority’s (IRDA’s) approval for the same.

Several private insurance companies are mulling offering new pension schemes after IRDA revised pension product guidelines and removed the 4.5 per cent return guarantee requirement.

However, Reliance Life Insurance, a part of Anil Ambani-led Reliance Group's financial services arm Reliance Capital, would be among the first few to launch a fresh pension plan.

With this new annuity product, Reliance Life is also planning to give capital guarantee and an option to take debt, equity or bond whatever is chosen by the insured.

2 comments:

  1. I learn what is Retirement Pension Plans but i have one doubt this pension plan has two types one is conventional pension plan invest and ULIP or market linked pension plans which is best pls give detail ........

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  2. The expenses to do this way of insurance depend typically to the risks concerned in addition, on the life insurance rule needed. So, in case the location or type of business involves a huge agreement of danger for costumers or businessmen, as you can expect from your public for children pool with sauna access, one example is, then it's obvious the fact that monthly premium might be over for a public library.

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