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The company also rated amongst the Top 4 Most Trusted Life Insurance Service Brands by Brand Equity‘s Most Trusted Brands Survey 2016, the company’s vision is “To be a company people are proud of, trust in and grow with; providing financial independence to every life we touch.” With this in mind, Reliance Nippon Life serves five different segments, namely Protection, Child, Retirement, Saving & Investment, and Health; for individuals as well as Groups/Corporate entities.
Life insurance assists you in having a secure future for yourself and your family as well. It will help you at every important stage of your life whether it is about marriage, child’s education, etc. This is a comprehensive insurance plan that caters to diversified needs. There are many more benefits that a life insurance policy can offer.
Life insurance is something that you must buy at an early age. The true meaning of holding life insurance has changed in the recent years. It will provide the needful coverage to you that you can use at different stages of life. With an effective life insurance policy, you can easily secure the financial needs of your loved one for the time when you are not around to take care of them. You can't deny the importance of having a life insurance in today's world when there is no surety of anything. You don’t know what will happen tomorrow, will you be able to meet your family again or not, the unhealthy lifestyle, too many diseases,and issues are forcing everyone towards physical burnout. Because of such issues, it almost becomes mandatory to have a life insurance which will take care of you and your family. When you will not be there to support them financially or emotionally, then these kinds of plans will help them a lot in meeting their basic needs and continuing their normal lifestyle. Have you ever thought what will happen to a family in case of the demise of their breadwinner? How will they arrange funds for their basic needs, child ‘education and several different forms of expenses? Yes, Reliance life insurance policies will help you in dealing with such issues and allow you to live your life peacefully. Nowadays different types of life insurance policies are available that can cater to the different needs of consumers. Different forms of life insurance policies will help you at the different stages of life like for securing child’s future, your retirement and much more. Effective investment plans under life insurance will be able to help you in getting high returns. Reliance Life Insurance’s Policies are really very popular for its effectiveness. The company is offering a wide range of the same through which it will easier for you to choose the right one for yourself. The wide range of life insurance policies includes term plan, money back plan, savings plan, pension plan, child plan, education plan and much more.
While searching pit for the desired one, it will be great if you first check your requirements and then move towards buying. With it, will be easier for you to get the best one which can go well with your needs.
Online plans are the most affordable forms of Life insurance that allows you to get the desired coverage at an affordable price.
Reliance Nippon Life Online Income ProtectA term plan that protects your family with a lump sum to pay off large liabilities and a monthly income till retirement.
Reliance Nippon Life Online TermGet 1 Crore cover for just Rs. 15/Day. Buy Online in just 10 minutes. Protect your family against unforeseen circumstances.
Protection plans make sure that your family stays protected always. It offers the needful cover at the right time whenever your family needs it the most.
Reliance Nippon Life Online Income ProtectIt is a comprehensive protection plan that not only provides a lump sum in case of any eventuality to meet immediate liabilities but also provides your family with a regular monthly income to ensure that they maintain the same standard of living even in your absence.
Reliance Nippon Life Online Term PlanReliance Nippon Life Online Term Plan is an ideal term insurance plan for today's generation. It provides you with a large cover at an affordable cost, along with the convenience of completely buying it online with just a few clicks.
Reliance Nippon Life Term PlanReliance Nippon Life Term Plan offers a large life insurance cover, at an affordable premium. While nothing can compensate the loss of life, we intend to provide you peace of mind.
Investment plans are life insurance plans that offer you multiple avenues to save and to grow your money. These online investment plans help in systematic and disciplined investment ensuring that you and your family achieve your financial goals.
Reliance Nippon Life's Guaranteed Money Back PlanThis non-participating, non-linked money back plan helps you save for the long-term with liquidity at various stages in life.
Reliance Nippon Life Fixed SavingsReliance Nippon Life Fixed Savings helps you to create a corpus for unforeseen expenses, by allowing you to systematically save over a period of time. This plan offers guaranteed benefits, including fixed additions that accrue every year and an additional lump sum at maturity, along with a life cover to protect your family.
Reliance Nippon Life Bluechip Savings Insurance PlanA plan that secures your future with multiple benefits.
Reliance Nippon Life Increasing Income Insurance PlanYou will receive a Guaranteed Monthly Income (in arrears) after the end of the premium payment term on thesurvival of the Life Assured at the end of every month till the end of the policy term.
Reliance Nippon Life Fixed Money Back PlanA money back insurance plan that offers fixed periodic lump sums in the last five years of the policy term.
Reliance Nippon Life Lifelong Savings PlanA plan that helps you save during your lifetime and can provide your family with a whole life cover in the event of your unfortunate demise.
Reliance Nippon Life Future IncomeA plan that provides an additional annual income to help you realize your dreams. Receive an annual income at the end of every year after the premium payment term till policy maturity.
Reliance Nippon Life Whole Life IncomeThis is a plan which would take care of your regular income needs to lead a comfortable life and would also help you leave behind a legacy for your next generations. In other words, you live through the benefits and also leave enough for the next generation.
Reliance Nippon Life Increasing Money Back PlanA life insurance plan that gives increasing guaranteed payouts every 3 years to keep pace with your growing lifestyles needs.
Reliance Nippon Life Bal Nivesh One TimeIt helps you to plan for the future by not just preserving the principal, but growing it into a handsome kitty. You pay just once and get a life insurance policy with assured benefits.
Reliance Nippon Life Super Money Back PlanReliance Nippon Life Super Money Back Plan helps you provide a regular income and security for your family despite the ups and downs of life. The guaranteed monthly income increases every year while the guaranteed periodic lump sums enable you to invest in your business or fulfill your family's goals.
Reliance Nippon Life Smart Cash Plus PlanIt helps you gift yourself guaranteed lump sums at periodic intervals in the future to fulfill your goals at every lifestage while securing your family from any unforeseen eventuality. A perfect mix of long-term savings with the benefit of liquidity.
Reliance Nippon Life's Money Multiplier PlanReliance Nippon Life's Money Multiplier Plan not only helps you save for a lump sum with double protection in case of an unforeseen emergency.
Reliance Nippon Life Endowment PlanA plan that helps you create a corpus through systematic savings so that you can fulfill your family’s desires.Reliance Nippon Life Endowment Plan adds to your savings, rewards you with bonuses and gives you a big lump sum benefit.
Reliance Nippon Life's Super Endowment PlanReliance's Super Endowment Plan has been designed to ensure that you can save for your future along with the benefit of life cover and provide protection to your family.
Retirement plans make certain that the insured does not ought to compromise their way of life even after they have stopped earning. The retirement fund will be a useful resource for the insured to have a comfortable retirement life with the independence that he/she has earned.
Reliance Nippon Life Pension BuilderReliance Pension Builder helps you to save regularly to build your nest-egg for retirement that you can look forward to. You can build your retirement corpus by paying apremium for five years, seven years, ten years or throughout the policy term.
Reliance Nippon Life Immediate Annuity PlanReliance Nippon Life Immediate Annuity assists you to earn a regular income for your entire life. This is a single premium plan where you pay a lump sum premium amount and opts for a suitable annuity option as per your requirements. Based on the opted annuity option and selected payout frequency, you start receiving regular annuity income.
Reliance Nippon Life Smart Pension PlanReliance Nippon Life Smart Pension Plan is a nonparticipating unit linked pension plan that allows you to save systematically and build up the muchneeded lump sum to provide you a regular income after your retirement.
Retirement Plan will help you save money for your retirement. It ensures that you continue to get some income after retirement thereby ensuring that you do not have to depend on any other person or make any compromises to maintain the same lifestyle.
Reliance Nippon Life Premier Wealth Insurance PlanReliance Nippon Life Premier Wealth Insurance Plan can be tailored to individual needs and keep up with the changing priorities over time. The plan allows you the flexibility to balance the protection and investment needs during its tenure, in an active or a systematic manner.
Reliance Nippon Life Smart Savings Insurance PlanReliance Nippon Life Smart Savings Insurance Plan automatically adjust to your risk appetite, by balancing between equity and debt through a systematic asset allocation strategy based on your life-stage.
Reliance Nippon Life Classic Plan IIIt allows you to invest for the long term and protect this investment against uncertainties. It allows you to diversify your investment with choice of multiple funds that you can switch amongst to hedge against market risks. The plan also provides life insurance to ensure protection for your family.
A child insurance plan is one of the best avenues for you to start saving systematically so that you can secure your child's future needs. Be it higher education, his or her first home or any other requirement, you will always be there for your child when he or she needs you.
Reliance Nippon Life Education PlanA specialist life insurance plan that gives you the flexibility to choose payouts as per your child’s education needs, even if you are not around.
Reliance Nippon Life Child PlanA plan that gives your child Guaranteed Benefits at key milestones, even in your absence.
Health insurance plans offer you the benefit of lump sum cash, irrespective of the expenses you incur during hospitalization. This ensures that your savings remain intact and go towards fulfilling your family’s dreams and securing their financial stability.
Reliance Nippon Life Easy Care Fixed Benefit PlanAn innovative health insurance plan that not only protects you from unexpected financial burden but also cares for you as a friend in need in difficult times.
Group insurance is an insurance that covers a defined group of people, for example, the members of a society or professional association, or the employees of a particular employer.
You can plan the way ahead for your employees with the Group Superannuation, Group Leave Encashment,and Group Gratuity schemes.
Reliance Nippon Life Traditional Group Employee Benefit PlanA plan that helps you manage your employee benefits’ funds efficiently, so you can ensure their future is secured.
Reliance Traditional Group Superannuation PlanA plan that provides fund management services to secure your employees.
Reliance Group Leave Encashment Plus PlanWith the Reliance Group Leave Encashment Plus Plan, you can manage your employees' funds better, providing security alongside growth.
Reliance Group Gratuity Plus PlanThe exact benefits of a scheme under this plan will depend on the individual employer’s gratuity scheme.
By investing in a range of our group plans available through Reliance Employee Protection Solutions, you can provide your employees complete cover against accidents and/or disabilities for life.
Reliance Group Credit Assure PlanA group plan that helps you cover your customers’ loans. The plan mirrors different types of loans to ensure adequate coverage of risk.
Reliance Group Term Assurance PlusA plan that lets you secure your employees easily.
Reliance Group Credit Assure PlusA group plan that helps you cover your customers’ loans. The plan mirrors different types of loans to ensure adequate coverage of risk.
Reliance Group Term Assurance Plan EDLISavings in premium to the employer as acontribution to RPFC is the function of salary, whereas takings an insurance cover with Reliance Life would depend upon the age and the risk profile of the industry.
Offers low-cost regular premium savings oriented insurance plan that helps you to build a corpus through regular systematic savings and augments your savings through regular interest credits along with providing a life cover.
Reliance Nippon Life Group Sarv SamriddhiA non-linked, non-participating group savings variable insurance plan.
Japanese insurance company Nippon Life Insurance, Tata AIA and Aviva Life were among the 15 companies whose foreign direct investment proposals totalling Rs 7,262 crore have been permitted by the FIPB.
Moreover, the proposal of YES Bank to raise the foreign investment limit to 74 per cent from existing 41.87 percent without any limits has been referred to the Cabinet Committee on Economic Affairs (CCEA).
As per the recommendations of the Foreign Investment Promotion Board (FIPB) during a meeting that was held on March 7, the government has permitted 15 FDI proposals involving Rs 7,261.6 crore and suggested one application for approval of CCEA involving FDI of Rs 6,885 crore, a Finance Ministry statement said.
The Board also permitted the offer of Taurus Ventures for issuance of shares to the shareholders of Max India pursuant to a demerger of Max India Ltd. The offer of Nippon Life to hike stake in Reliance Life Insurance from 26 percent to 49 percent for Rs 2,265 crore was permitted by the board.
Also, Tata AIA Life Insurance Company’s proposal to raise AIA International’s stake from 26 percent to 49 percent that is around Rs 2,055 crore was also cleared by the board.
Wednesday March 23, 2016
On Wednesday, 8th Nov 2017, the Insurance Regulatory And Development Authority Of India (IRDA) said that the linking of Aadhar number with insurance plans is compulsory and asked insurance companies to implement the statutory norms.
“The Authority clarifies that, linkage of Aadhaar number to insurance policies is mandatory under the Prevention of Money Laundering (Maintenance of Records) Second Amendment Rules, 2017,” the IRDA said.
In the last June, the government of India had informed about the Prevention of Money Laundering (Maintenance of Records) Second Amendment Rules, 2017, making Aaadhar and PAN/Form 60 compulsory for getting financial services that include insurance also and asked policyholders and companies for linking the existing policies with the same.
In a discussion with all life and general insurance companies, IRDA said the rules have “statutory force” and they have to implement the rule without waiting for the further instructions.
Right now, there are 24 life insurers and 33 general insurance companies operating in the country.
Although, there are no deadlines that have been given by IRDA for the completion of the process, as per the circular, it has to be done as soon as possible. Some insurance companies also said that this can also result in the delay of payout in a few cases. Aadhaar is now also compulsory for financial transactions of Rs 50,000 and above. Likewise, one has to link one’s Aadhaar number with the mobile number latest by February 6, 2018.
Monday November 13, 2017
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