Reliance Life vs Lic Pension Plans Life Insurance 2026 | PolicyX
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At a glance

Which insurer is ahead on the figures both publish

Claim settlement ratio

Reliance Life

98.74%Reliance Life Minimum Age- 30 year%Lic Pension Plans

Share of death claims the insurer paid

Solvency ratio

Lic Pension Plans

2.35Reliance Life 85 yearsLic Pension Plans

IRDAI minimum is 1.5

COMPANY DETAILS ✎ Edit

Reliance Life

 ✎ Edit

Lic Pension Plans
Customer rating

Customer rating

4.6 / 5

Customer rating

4.6 / 5
Annual premiums collected (2024-25)

Annual premiums collected (2024-25)

₹ 5710.68 Cr

Annual premiums collected (2024-25)

₹ Rs 1 lakh to No limit
Claim settlement ratio

Claim settlement ratio

98.74% Higher

Claim settlement ratio

Minimum Age- 30 year%
Solvency ratio

Solvency ratio

2.35

Solvency ratio

85 years Higher
Pan India presence (branches)

Pan India presence (branches)

713+

Pan India presence (branches)

Annual, half-yearly,
Payout options

Payout options

Lump sum, regular frequencies or a combination of both

Payout options

Not available
Riders available

Riders available

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

Riders available

10 to 30 years
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Plans from Reliance Life and Lic Pension Plans

Every plan we list from each insurer, including its term and investment plans. Switch insurer to see the other's plans.

No Reliance Life plans listed yet We haven't added this insurer's plans to PolicyX yet. Read the Reliance Life overview, or ask an advisor which of its plans fits you.
No Lic Pension Plans plans listed yet We haven't added this insurer's plans to PolicyX yet. Read the Lic Pension Plans overview, or ask an advisor which of its plans fits you.
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Expert Reviewed

Reviewed By: Naval Goel

Naval Goel has over a decade of expertise in the insurance sector, having worked with companies like AIG, New York. He is an Associate Member of the Indian Institute of Insurance, Pune, and is authorized by IRDAI to act as Principal Officer of PolicyX.com Insurance Web Aggregator.

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