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Reliance Life vs Hdfc Ulip Plans

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.

Hdfc Ulip Plans

HDFC ULIP plan provides the benefits of an insurance life cover and market-linked investments which are subject to risk associated with capital markets.

COMPANY DETAILS

Reliance Life

Hdfc Ulip Plans

Rating	Rating 4.6	Rating 4.6
Number of life insurance plans and add-ons	No. of Plans -	No. of Plans 1
Annual Premiums Collected (2023-24)	Annual Premiums Collected (2023-24) 5122 Cr	Annual Premiums Collected (2023-24) Rs 1 lakh to No limit
Payout Options	Payout Options Lump sum, regular frequencies or a combination of both	Payout Options -
Claim ratio	Claim ratio 98.74%	Claim ratio Minimum Age- 14 year%
Solvency Ratio	Solvency Ratio 2.2	Solvency Ratio 70 years
Branches	Branches 713+	Branches Annual, half-yearly,
Riders Available	Riders Available Major Surgical Benefit Rider, Critical Condition Rider, Family Income Benefit Rider, Accidental Disability Rider	Riders Available 10 to 30 years
Policy Term	Policy Term 5 to 30 years	Policy Term 10 to 30 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:

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.

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