Reliance Life Insurance offers a wide range of life insurance plans across categories like Term Insurance, Savings and Investment Plans, Retirement Plans, Health Plans, Child Plans, ULIP Plans, and NRI Plans. With affordable premiums and customizable features and benefits, Reliance Nippon Life Insurance is among the first choices for Life Insurance solutions. 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, 2022. The company holds a Claim Settlement Ratio of 98.67% as of March 31, 2022.
Reliance Life Insurance Nippon is rated among the Top 3 Most Trusted Life Insurance Service Brands by Brand Equity‘s Most Trusted Brands Survey 2018. Reliance Nippon laid its foundation with the vision that states "To be a company people are proud of, trust in and grow with; providing financial independence to every life we touch". Reliance Nippon Life Insurance ensures that your family has adequate financial support in your absence.
Awards And Achievement
Excellence in CX 2022 awarded in 3rd edition of the Economic Times CX Summit 2022.
"Life Insurer of the year" awarded in BFSI Leadership Award 2022.
Awarded Best website- corporate/brand category in Campaign India Digital Crest Awards 2022.
"Claim service provider of the year 2022" awarded by 3rd Annual BFSI Technology Excellence Awards 2022 by Quantic India.
"CX strategy of the year" 9th Edition CX Strategy Summit & Awards 2022 by UBS Forums.
"Protection Calculator: Best Technological Innovation" Finnoviti Awards 2022 by Banking Frontiers.
Reasons To Invest In Reliance Nippon Life Insurance
Reliance Nippon Life Insurance offers a wide range of benefits and features allowing customers to avail the full potential of life insurance plans
Affordable Premiums
Term Insurance plans provided by Reliance Nippon Life Insurance have affordable premium rates allowing customers to invest in the best insurance plans offering pure protection and financial security to you and your family.
Wide Scope Of Coverage
With multiple plan categories offered by Reliance Nippon Life Insurance Plans, customers can avail a wide scope of coverage such as child plans, investment plans, retirement plans, and other such investment and protection plans.
Customizable Plans
Investment and savings plans offered by Reliance Nippon Life Insurance provide customers with the option to opt and pre-set fund allocation as per their requirements based on their life stage. These plans also allow insured individuals to avail liquidity through partial withdrawal of funds in case of emergencies.
Rider Benefits
Reliance Nippon Life Insurance offers rider benefits under many Life insurance plans that aid insurance holders in complications such as Accidental Death, Disability, Critical Illness, and more.
Enhanced Coverage Benefit Option
Insured individuals have the option to increase the Base Sum Assured on major life events such as marriage, birth of first child, availing of a home loan, or any other such event without any additional underwriting at the time of exercising the option, by paying an additional premium.
Key Features of Reliance Life Insurance
Reliance Nippon Life values the financial independence of every individual associated with them. Choosing the right insurance company can be a hectic task. It is important that you choose the right insurer and the right plan that will best suit the potential needs of your family. So, before choosing any life insurance company, you need to check some important factors of the insurance company such as claim settlement ratio, solvency ratio, annual premium, and operating network.
To get more insight into Reliance Nippon Life Insurance Company's performance, take a look at the below key features that will help you to analyze the company based on its performance:
Solvency Ratio Reliance Nippon Life Insurance has a Solvency Ratio of 2.3 as per the IRDAI annual report 2021-22. The solvency ratio helps the prospective policyholder assess the ability of a company to meet its financial obligations. As of now, IRDAI mandates maintaining a solvency ratio of 1.50 for every insurer.
Claim Support Claim support of an insurer is a metric that helps you analyze its claims settling ability. As per the IRDAI annual report of 2021-22, the claim support of Reliance Nippon Life Insurance is 98.67%
Annual Premium As per the annual report of IRDAI 2021-22, The Annual premium of Reliance Nippon Life Insurance is 5,036.57 Cr.
PAN India Presence Reliance Nippon Life Insurance company ensures that the policyholder can directly visit their nearest branch office for any of their policy-related or claim-related queries. Reliance Nippon Life Insurance has 713 branches and 46,538 advisors to cater to very customer across India.
Reliance Nippon Life Insurance Riders
To safeguard you and your family members against certain unfortunate events, Reliance Nippon Life Insurance plans offer the following riders with this policy at a nominal cost
Reliance Nippon Life Accidental Death Benefit Rider
Provides a lump sum equal to the rider sum assured in case of death due to accident of life assured.
Reliance Nippon Life Accidental Death and Disability Rider
Provides a lump sum equal to the rider sum assured in case of death due to accident of life assured. In case of total and permanent disability, an amount equal to the rider sum assured shall be payable in equal annual installments over the 10 years under this policy.
Reliance Nippon Life Accidental Death and Disability Plus Riders
Provides a lump sum equal to the rider sum assured in case of death due to accident of life assured. In case of total and permanent disability, an amount equal to the rider sum assured shall be payable in equal annual installments over the 10 years under this policy along with a waiver of future premiums under the policy.
Reliance Nippon Life Critical Illness Rider
Provides a lump sum amount equal to the rider sum assured if diagnosed with any of the 25 critical illnesses including cancer, heart attack, paralysis, major organ transplant, and many more. However, riders may be selected at the inception of the policy, if available, or on any subsequent policy anniversary (if available) as per the terms and conditions. The rider sum assured cannot be higher than the applicable sum assured on death under the base policy. Riders will be offered only where the outstanding premium payment term is at least 5 years.
Looking to buy Life Insurance? Find complete details in one go!
Reliance Nippon Life Insurance Plans are versatile, offering 360-degree coverage to its customers with various features and benefits that are mentioned below. Read more to understand the details regarding the same.
Reliance Life Insurance - Protection Plan
Reliance Life Insurance offers various Protection Plans that are designed to safeguard your family in the event of your unfortunate demise. With high-sum insured options at affordable premiums, these plans are ideal for those with a dependent family like children, parents, and spouse.
Plan
Eligibility
Min Sum Assured
Policy Tenure
Reliance Nippon Super Suraksha
Min: 18 Years Max: 45 Years
INR 25,00,000
75 - 80 Years
Reliance Life Insurance - Investments & Savings Plan
Reliance Nippon Life Insurance offers investment and savings plans in order to provide customers with the facility to protect and save. These particular plans allow you to save to fulfill your dreams along with protect you in the face of adversity.
Plan
Eligibility
Min Sum Assured
Policy Tenure
Reliance Nippon Life Nischit Bhavishya
Min: 5 Years Max: 50 Years
11 times the annualized premium
24 - 42 years
Reliance Nippon Life Nischit Samridhi Plus
Min: 0 Years Max: 55/60 Years
N/A
PPT + DP + IP
Reliance Nippon Life Increasing Income Insurance Plan
Min: 14 Years Max: 60 Year
1,00,000
12 - 24 years
Reliance Life Insurance - Retirement Plans
Reliance Nippon Life Insurance ensures your retirement years are free of stress and allows you to live the lifestyle you have always dreamed of post-retirement
Plan
Eligibility
Min Sum Assured
Policy Tenure
Reliance Nippon Life Immediate Annuity Plan
Minimum Age:- 20 years Maximum Age:- 80 years
Whole life
Annuity: - Rs. 1,000
Reliance Nippon Life Smart Pension Plan
Minimum Age:- 18 years Maximum Age:- 65 years
10/15 to 30 years
N/A
Reliance Nippon Life Saral Pension Plan
Minimum Age:- 40 years Maximum Age:- 80 years
Whole life
Annuity: - Rs. 1,000
Reliance Life Insurance - ULIP Plans
Reliance Life Insurance offers ULIP plans which are investment cum protection plans offering dual benefits of availing market-linked returns on your investments as well as a life insurance cover. Insured individuals can opt between various funds provided by the plans
Plan
Eligibility
Min Sum Assured
Policy Tenure
Reliance Nippon Life Smart Savings Insurance Plan
Minimum Age:- 1 year Maximum Age:- 60 years
10/15/25 to 30 years
7 x Annualized Premium
Reliance Nippon Life Prosperity Plus
Minimum Age:- 1 year Maximum Age:- 60 years
10/15 to 20 years
1.25 x Annualized Premium
Reliance Nippon Life Premier Wealth Insurance Plan
Minimum Age:- 30 days Maximum Age:- 60 years
5/7/10/15 to 30 years
1.10 x Single Premium
Reliance Nippon Life Classic Plan II
Minimum Age:- 7 years Maximum Age:- 60 years
15 to 30 years
0.25 x policy term x Annualized Premium
Reliance Life Insurance - Health Plans
Health Plans by Reliance Nippon Life Insurance offers protection for you and your family by providing a multitude of benefits like lump sum cash benefits, hospitalization expenses, and more.
Plan
Eligibility
Min Sum Assured
Policy Tenure
Reliance Nippon Life Cancer Protection Plus Plan
Min: 5 Years Max: 65 Years
10,00,000
10 - 25 years
How To Buy Reliance Nippon Life Insurance?
You can buy a Reliance Life Insurance term plan from the official website of the company or from PolicyX.com. Let's discuss it in detail.
Through PolicyX.com
Scroll up to the 'Reliance Term Insurance Quotes Online' section present at the top-right corner of this page.
Fill in the required details and click on proceed.
Click on 'Buy this plan' under the chosen term insurance plan. Add riders if you want.
Click on the tab 'Save & Continue'.
Click on the tab 'Pay Now'. It will redirect you to Reliance Nippon Life's website.
Fill in the details and make the payment using available payment options.
The company will share the policy documents on the registered email ID.
Through the Official Website of Reliance Nippon:
Visit the Reliance Nippon Life Insurance Company's official website and scroll down to the end of the page.
Click on the "Buy Online" tab under Popular Links.
Click on the tab 'Know More' under Reliance Nippon Life Digi-term Insurance plan.
Click on the tab 'Calculate' at the top right corner of the page.
Fill in the required details, and click on the tab 'Calculate'.
Check the premium and other details.
Make the payment using available payment modes.
**The other Reliance Life Insurance term plans are not available online. You have to visit the nearest branch of the company to invest in the same.
How to File Reliance Nippon Life Insurance Claims?
Filing a claim for Reliance Nippon Life Insurance Plan is a simple and hassle-free task. You can easily fill and submit their claims online or offline. To file a claim for Reliance Nippon Life Insurance Plan, you need to follow the below-mentioned steps.
Claim Intimation
Inform the company about the incident via various channels- by writing an email at rnlife.customerservice@relianceada.com, calling on the toll-free number (1860 102 3330), filling the online claim form on its website, or by visiting the nearest branch. The following details have to be provided during the intimation of your claim:
Name of the policyholder
Policy number
Date of death/event of the life assured
Nominee name
Cause of death
Contact details
A claim reference number/intimation number will be provided to you upon successful registration of the claim.
Document Submission
Submit the necessary documents requested by the company to process the claim. In the case of natural death-
Death claim form.
Death certificate.
Original policy documents.
Claimant's identity & residence Proof.
Medical records at the time of death & past illnesses.
Account details of the nominee.
In the case of unnatural death (Accidental death/Murder/Suicide)-
Death claim form.
Death certificate.
Original policy documents.
Claimant's identity & residence proof.
FIR, police inquest report & panchanama.
Post mortem report.
Account details of the nominee.
Claim Settlement
After receiving all the documents and claim forms, the company will verify the details as per their norms. On successful completion, the claim will be settled and the amount will be transferred to the nominee's bank account and the same will be communicated to him/her over a call or an email.
How to Contact Reliance Nippon Life Insurance?
Unit Nos. 401B, 402, 403 & 404, 4th Floor, Inspire-BKC, G Block, BKC Main Road, Bandra Kurla Complex, Bandra East, Mumbai - 400051.
rnlife.customerservice@relianceada.com
1800 102 1010 (Monday to Saturday| 9:00 am to 6:00 pm)
Reliance Nippon Life Insurance: FAQs
1. Can I make a partial withdrawal from my Reliance Nippon Life Classic Plan II insurance plan?
Yes, after the completion of the lock-in period, you can make partial withdrawals for Reliance Nippon Life Classic Plan II.
2. Are there any loyalty additions for my RNLI Group Unit-linked Employee Benefits plan?
Yes, there loyalty additions for the RNLI Group Unit-linked Employee Benefits plan. On completing each policy year, the policy shall accrue a loyalty bonus and added to the policy.
3. May I know how much increment in sum assured will be there if I choose the 'increasing cover plan' option?
The base sum assured for the 'increasing cover plan' option in Reliance Nippon Life Protection Plus policy increases by a simple rate of 5% per annum on every policy anniversary subject to a maximum increase of 100% of the chosen sum assured amount.
4. Is there any rider option available for Reliance Nippon Life Immediate Annuity Plan?
No, there is no rider option available for Reliance Nippon Life Immediate Annuity Plan.
5. Can I cancel my Reliance life insurance policy?
You can cancel your policy after completing the lock-in period as per the terms and conditions of the Reliance life insurance policy. You need to submit the duly filled and signed surrender request form, policy documents, bank account details for refund of the paid amount and a self-attested copy of KYC information.
6. How can I check the policy status of my Reliance life insurance plan?
You can check your policy status by logging into the official website of Reliance Nippon Life by using your registered email id and password or send an email to customer support or you can place a request via call else you can directly visit the Reliance Life Insurance nearest branch.
7. How to pay premiums online for my Reliance life insurance policy?
Login to your Reliance lifeline account with the registered email id and password and select the policy which is due for payment and makes the payment choosing from different online modes of payment available such as net banking, credit/debit card, e-wallets, etc.
8. Do I need to claim a maturity benefit for my Reliance life insurance plan?
No, you do not need to claim a maturity benefit for Reliance life insurance. It will be directly paid by the company on the maturity date of the policy.
9. Do Reliance Nippon life insurance policies offer waiver of premium benefit?
Yes, Reliance Nippon life insurance policies offer a waiver of premium benefit on their savings and investment plans.
10. Will I be payable the income benefit after the premium payment term also for my Reliance Life Future Income plan?
No, the income benefit will not be payable after the premium payment term and also the last policy year.
11. How I can register a claim under Reliance Nippon insurance for Accidental Death Benefit/Total & Permanent Disability?
To register a claim under Reliance Nippon insurance for Accidental Death Benefit/Total & Permanent Disability, you must submit the following documents:
Claim form A.
Claim form B.
Original Policy Documents.
Hospital records including biopsy reports, diagnosis certificates, lab reports, etc.
FIR from the police station, and the relevant investigation report.
If possible, a published article in the news of the incident led to the claim.
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