What are the different fund options?

Reliance Life Insurance Company Limited understands the value of your hard earned money. In order to make your money grow we offer four different investment funds. You also have the option to allocate your premium in different funds in the manner you wish.
The four different funds offered are
1.Capital Secure Fund: The Investment Objective of this fund is to maintain the value of all contributions (net of charges) and all interest additions. This fund offers steady return for very little risk. The risk profile for this plan is low. Your funds are invested 100% in Bank Deposits, Government Bonds and Debt Instruments less than 180 days duration.
You may invest a maximum of 20% of the total premiums in the Capital Secure Fund.
2. Balanced Fund: The Investment Objective of this fund is to provide you with investment returns which exceed the rate of inflation in the long term while maintaining a low probability of negative investment returns. In this fund, a major portion of your funds are invested in Fixed Interest Securities while a small percentage is invested in the Equity Market, which is exposed to market movements. The risk profile of this fund is low to medium.
Investment would be atleast 80% in Fixed Interest Securities and maximum 20% in equities.
3. Growth Fund: The investment objective of this fund is to provide you with investment returns, which exceed the rate of inflation in the long term while maintaining a moderate probability of negative investment returns. A greater portion of your funds are invested in Fixed Securities while a small percentage is invested in the Equity Market, which is exposed to market movements. The risk profile of this fund is medium to high.
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.
Investments would not exceed 30% in Bank Deposits and may be 100% in equities.
The investment in Money Market Instruments under the Balanced, Growth and Equity funds is restricted to 20%.
Value of Units: The Unit Price of each fund will be the Unit Value calculated on a daily basis.
Unit Value =
Total 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
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Total Number of units on issue (before any new units are allocated/redeemed)
Flexibilities
Flexibility to pay top-ups: If you have received a bonus or some lumpsum money you can use that as a top-up to increase your investments at any time in your Policy. The minimum Top up amount is Rs. 2,500. 95% of any amount paid as top-up is allocated to your funds.
Flexibility to pay Single Premium: If you do not want to pay premium regularly, you can choose to opt for Single Premium. The minimum Single Premium amount is Rs 10,000.
Flexibility to switch between funds: Depending upon the performance of your funds you can switch between them. There will be one free switch in a Policy Year and for additional switches, Switching Charge of 1% of amount switched will be levied, subject to a maximum of Rs 1000 on each such occasion.
Flexibility to advance/extend your Vesting Age: You may choose to extend the Vesting Date to any later Policy Anniversary, provided the Policy vests before the attainment of age 70 years. The request for extending the Vesting Date must be made at least one month before the original Vesting Date.
After the Vesting Date, the benefit payable at any time will be the Fund Value.
The Policyholder may also choose an earlier Vesting Date, after completion of five years of Policy Term or age 45 years, whichever is later. The request for an earlier Vesting Date should be received at least one month before the proposed Vesting Date.
On attainment of the new Vesting Date the Policyholder is eligible to purchase Annuity for the full Fund Value or commute up to one third of the Fund Value as tax free lump sum and the balance can be used for the purchase of annuity. The annuity can also be purchased from us or from any other registered Life Insurance Company.