Written By: DIVYA SINGH

DIVYA SINGH

Term and Life Insurance

Divya Singh is an associate writer at PolicyX.com with over 1 year of experience in creating diverse forms of content. She specializes in breaking down complex terms and life insurance topics into clear, practical insights for readers. Her approach combines thorough research with a simple, engaging style, ensuring that customers can understand policies without confusion.

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Reviewed By: Apeksha Parsai

Apeksha Parsai

Term & Health Insurance

Apeksha has trained young minds about the benefits of health & term insurance throughout her 8+ years career. She designs, develops, and delivers impactful training programs for agents/brokers, and internal teams. Her expertise lies in insurance product knowledge, sales strategies, regulatory compliance, and customer service.

Updated on Dec 15, 2025 5 min read

Introduction

Nippon Life India is a private sector life insurance company in India. As one of the leading private life insurance providers, they serve individuals with their variety of insurance and investment solutions. It is a collaboration between Nippon Life Insurance (Japan) and Reliance Capital (India). The company was earlier known as Reliance Nippon Life Insurance and was renamed Nippon Life India Insurance Company Limited in 2020. which combines global experience with local expertise. This comprehensive guide will discuss its plans, their CSR, premium calculator, reviews, and ratings.

What Is Nippon Life India?

Nippon Life India Company Limited, the joint venture of Reliance Capital (India) and Nippon Life Insurance (Japan), provides products targeted at groups and individuals serving four different sections, which cover:

• Child plans
• Pure life insurance plans
• Retirement/ Pension plans, Endowment plans, ULIPs,
• Money Back Health associated plans or riders

Top Nippon Life India Plans (2025)

Here are the top Nippon Life India plans covering savings, ULIP, guaranteed income, and retirement:/p>

1. Nippon Life India Super Suraksha Plus:

   A term plan that protects your loved ones if something happens to you and returns all the premiums paid if you survive the policy term. Nippon Life India Super Suraksha Plus offers different cover options to align with your life stages, like childbirth, home loan, or marriage.

   • You can pay premiums throughout the entire policy term or opt for limited pay.
   • You can enhance coverage at stages such as first marriage, birth of a legal adoption of first and second child, and while taking a home loan without additional underwriting.
   • You can increase your sum assured up to 25% of the base sum assured, which is subject to ₹25,00,000 per event.
   • You can exercise this option within 180 days of the event, and it is available only if your outstanding term is at least 10 years.

2. Nippon Life India Super Suraksha Elite:

   A term plan that secures your family’s future by providing financial protection if you are not there.

   • It offers high life coverage and flexible options to fit your needs, while ensuring reliable and complete protection.
   • While both plans offer term protection, Super Suraksha Plus includes a Return of Premium feature that refunds all premiums paid if you survive the policy term. In contrast, Super Suraksha Elite focuses on higher life coverage and flexibility, without the return of premium benefit.

3. Nippon Life India Saral Jeevan Bima:

   Nippon Life India Saral Jeevan Bima is a simple term insurance plan that protects your family financially if something happens to you. It has a very easy application process with minimal documentation. For first-time buyers, this plan is best with affordable premiums. You can pay premiums as you want, be it regular, monthly, or annually.

Key features & benefits

Here are the major benefits of Nippon Life India:

• Financial safety for families:A term plan ensures that your loved ones are financially protected in case of your sudden demise.
• Return of premium options: Some plans, like Super Suraksha Plus, return all the premiums paid if you survive the term, combining savings with protection.
• Optional riders for additional protection: Add accidental death, critical illness, or waiver of premium riders for improved safety. These riders are customizable to your responsibilities and lifestyle.
• Flexible plans to suit your needs: It offers ULIPs, retirement, term, and child plans.
• High claim settlement and easy process: The claim settlement ratio of Super Suraksha Plus is 98.9% in 2025. The process is easy and requires minimal documentation.

Policy Details

Nippon Life India provides various savings, term, and investment plans. Here are some common details across its policies:

• Entry Age: 18 to 65 years (varies by plan)
• Premium Payment Options: Single pay, limited pay, or regular pay
• Sum Assured: Minimum ₹5 lakh; no upper limit (depending on plan)
• Maturity Benefit: Available in savings/return-of-premium plans
• Premium Frequency: Annual, half-yearly, quarterly, or monthly
• Death Benefit: Lump sum or instalment options for the nominee
• Policy Term: 5 to 40 years, depending on plan type
• Riders (Optional): Critical illness, accidental death, and waiver of premium
• Claim Settlement Ratio: Around 98.9% (FY 2024–25)
• Tax Benefits: Under Sections 80C and 10(10D) of the Income Tax Act

Claim Settlement Process

You can initiate a claim in several ways:

• You need to submit the documents in person at a local Nippon Life India branch.
• Mail the scanned copies of the claim form and other required documents to the concerned authority.
• Post or courier the physical documents to the Nippon Life India claims department at their registered office in Mumbai.

TAT for claims

• For death claims that are non-investigated, it will take around 15 days after all the documents are submitted. However, the investigated claim takes 45 days.
• For early claims, when death occurs within the first 3 years of the policy, it will take 15 days for non-investigated claims and 45 days for investigated ones.

Documents needed

• Filled Claim Form A & Claim Form B

   

• Death Certificate (government-authorized)
• KYC of beneficiary/nominee
• If death is unnatural/accidental: FIR + Post-mortem Report (PMR)
• Original Policy Schedule / Policy Document
• Bank details: cancelled cheque or bank passbook copy + bank authorization

There is a 10-day Claim settlement guarantee for death claims where you have paid at least 4 annual premiums after providing all documents and a complete investigation.

Nippon Life India Premium Calculator

A premium calculator is a digital tool that helps you estimate how much you need to pay for a specific insurance plan, on the basis of parameters like your sum assured, policy term, age, sum assured etc. There are calculators available on their site for their policies.

How to use?

You have to mention the following things while using the premium calculator:

• Your age/date of birth
• Desired sum assured (coverage amount)
• Policy term (how many years)
• Premium payment mode (yearly, halfâ€�yearly, monthly, etc.)
• Gender, health status, smoking habits, etc. (for risk rating)
• Optional riders (if you want accidental, critical illness, etc.)

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