Reliance Life
vs
Bajaj Life

  • Top life insurers to choose from
  • Multiple sum assured options
  • Choice of premium-payment term
Buy Policy in just 2 mins

Buy Policy in just 2 mins

Happy Customers

2 lakh + Happy Customers

Free Comparison

Free Comparison

Customized Term Insurance Plan for you.

Get upto 10% Online Discount*

Gender

Age

Select Insurer

Compare

Reliance Life vs Bajaj Life

Reliance Life

Reliance Life Insurance offers a wide range of life insurance products across categories like term insurance, savings and investment plans, retirement plans, health plans, child plans, ULIP plans, and NRI plans.

Bajaj Life

Bajaj Allianz Life Insurance offers diverse range of insurance solutions including term insurance plans, ULIPs, retirement plans, saving plans, child plans and much more.

COMPANY DETAILS Edit Reliance Nippon Life Insurance

Reliance Life

 Edit Bajaj Allianz Life Insurance

Bajaj Life
Rating
Number of life insurance plans and add-ons
Annual Premiums Collected (2023-24)

Annual Premiums Collected (2023-24)

5122 Cr

Annual Premiums Collected (2023-24)

461.43 Cr.
Payout Options

Payout Options

Lump sum, regular frequencies or a combination of both

Payout Options

Lump sum, monthly or a combination of both
Claim ratio

Claim ratio

98.74%

Claim ratio

99.29%
Solvency Ratio

Solvency Ratio

2.2

Solvency Ratio

3.59
Branches

Branches

713+

Branches

544+
Riders Available

Riders Available

Major Surgical Benefit Rider, Critical Condition Rider, Family Income Benefit Rider, Accidental Disability Rider

Riders Available

Waiver of Premium Benefit Rider, Family Income Benefit Rider, Accidental Death Benefit Rider, Accidental Permanent Total/Partial Disability Benefit Rider, Critical Illness Rider
Policy Term

Policy Term

5 to 30 years

Policy Term

10 to 40 years

Know More About Companies

Overview

Reliance Life Insurance: Overview

Reliance Nippon Life Insurance Company is amongst the leading private sector life insurance companies in India. The company is one of the largest non-bank-supported private life insurers with over 10 million policyholders, a strong distribution network of 713 branches, and 46,538 advisors as of March 31, 2024. The company holds a Claim Settlement Ratio of 98.74% as of March 31, 2024.

Reliance Nippon Life Insurance Company ensures to look after your insurance needs by offering:

why-choose

  • Affordable Premiums

  • Wide Scope Of Coverage

  • Customizable Plans

  • Rider Benefits

  • Enhanced Coverage Benefit Option

 

Riders

Riders You Can Avail With Reliance Life Insurance Plans

Name of the Riders Benefits
Reliance Life Major Surgical Benefit Rider Under this rider, the customers get coverage for the 33 different categories of surgeries, which include major surgeries such as open heart, kidney transplant, and lung transplant.
Reliance Life Critical Condition Rider Under this rider, the customer gets a lumpsum payout if diagnosed with any critical illness among the 25 listed diseases.
Reliance Life Family Income Benefit Rider This rider provides regular income to the policyholder until the rider's tenure if the policyholder is diagnosed with any critical illness or permanent disability that affects the policyholder's earning ability for more than 6 months.
Reliance Life Accidental Disability Rider Under this rider, all the future premiums of term plans will be waived off if the policyholder has any disability due to an accident and can't earn for more than six months.

Consult for Personalized Insurance Advice

Contact With Advisor

But how does it work?

Schedule a call with India’s number 1 trusted advisor with a 4.5+ rating on Google. We are not your average insurance agents. Our advisors are experts in their insurance knowledge and will give you the right information at the right time. The service is free of cost! Don’t worry, we won’t spam as we value your time.

Other Life Insurance Companies

Trouble connecting with an insurance company?

Contact PolicyX.comCall at our toll-free number 1800-4200-269Email: helpdesk@policyx.com

We are happy to help.

Bajaj Allianz Life Insurance offers diverse range of insurance solutions including term insurance plans, ULIPs, retirement plans, saving plans, child plans and much more.

Bajaj Allianz Life Investment Plans Plans

Bajaj Allianz Life Investment Plans

Bajaj Allianz Life POS Goal Suraksha Plan

Bajaj Allianz Life POS Goal Suraksha Plan

Bajaj POS Goal Suraksha Plan is a combination of a life insurance plan and a savings plan. It provides death benefits to your loved ones in case of yo...

Unique Features

  • Guaranteed additions
  • Limited payment term
  • Alter payment modes

Bajaj Allianz Life POS Goal Suraksha Plan (Pros)

Bajaj Allianz Life POS Goal Suraksha Plan
  • Guaranteed maturity benefit
  • Limited premium payment term
  • Option to take policy loan

Bajaj Allianz Life POS Goal Suraksha Plan (Cons)

Bajaj Allianz Life POS Goal Suraksha Plan
  • No pre-existing condition
  • No surrender benefit
  • No guranteed benefit

Bajaj Allianz Life POS Goal Suraksha Plan (Other Benefits)

Bajaj Allianz Life POS Goal Suraksha Plan
  • Return of premium
  • Death benefits in installments
  • Flexible policy term

Bajaj Allianz Life POS Goal Suraksha Plan (Eligibility Criteria)

Bajaj Allianz Life POS Goal Suraksha Plan
  • Minimum entry age- 18 years
  • Maximum entry age- 65 years
  • Minimum sum assured- 30 thousand
  • Maximum sum assured- 25 Lac
  • Maximum policy terrm- 67 years

Quick and Free Quick Comparison with Other Insurers

Icici Prudential
Sbi Life
Kotak Mahindra Life
Aditya Birla Sun Life
Tata Aia Life
Indiafirst Life
Pnb Metlife
Bharti Axa Life
Sud Life Insurance
Future Generali Life
Shriram Life
Ageas Federal
Pramerica Life
Bandhan Life
Edelweiss Tokio Life
Exide Life
Sahara India
Bajaj Life
Axis Max Life
Aviva Life
Canara Hsbc Life
Lic Life Insurance
Hdfc Life
Icici Prudential
Sbi Life
Kotak Mahindra Life
Aditya Birla Sun Life
Tata Aia Life
Indiafirst Life
Pnb Metlife
Reliance Life
Bharti Axa Life
Sud Life Insurance
Future Generali Life
Shriram Life
Ageas Federal
Pramerica Life
Bandhan Life
Edelweiss Tokio Life
Exide Life
Sahara India
Axis Max Life
Aviva Life
Canara Hsbc Life
Lic Life Insurance
Hdfc Life
Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.

You May Also Know About:

Term Insurance Life Insurance Life Insurance Companies Child Plans Investment Plans Pension Plans ULIP Plans