A Retired Life Income is a regular income-like pay out, that you get through systematic partial withdrawal. You can decide when you want to receive this RLI at any policy anniversary, when you turn 55 years or after the 10th policy year, whichever is later. This retirement income constitutes of a percentage of your fund value (ranging from 0 to 12% per annum), as chosen by you, and is paid yearly, half-yearly, quarterly or monthly. The instalment is paid by redeeming units from the funds in the same proportion as the fund value in each fund and will be redeemed at the unit price applicable on the date of each RLI instalment. RLI payment is through Systematic Partial Withdrawal and the percentage can be changed anytime during the policy term or even after starting RLI. However, the fund value after payment of the instalment of RLI should not drop below 105% of total premiums paid till date, otherwise your Bajaj Allianz ULIP return gets deeply impacted.