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Reliance Nippon Life Insurance

Reliance Nippon Life Insurance commenced its operations in May 2001 and secured its position amongst the leading insurance providers in India. 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 98.7% as of March 31, 2022.

Reliance Nippon is rated amongst 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 caters to five distinct segments, namely Protection, Child, Retirement, Saving & Investment, and Health; for individuals as well as Groups/Corporate entities. Reliance Nippon Life Insurance ensures that your family has adequate financial support in your absence.

Reliance Nippon Life works with strong values to ensure the financial independence of every individual associated with them. Reliance Nippon has earned its name in the insurance industry as one of the most trusted names earning multiple awards and accolades for its insurance solutions.

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.
  • "Best Claim Settlement award" InsureNext Summit & Awards 2022 By Banking Frontiers.
  • "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.

Key Features of Reliance Nippon Health 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 2.28 as per the IRDAI annual report 2020-21. 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 2020-21, the claim support of Reliance Nippon Life Insurance is 98.49%
  • Annual Premium
    As per the annual report of IRDAI 2020-21, The Annual premium of Reliance Nippon Life Insurance is 4736.45 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 Life Insurance Key Features

Reliance Nippon Life Insurance Plans

Reliance Nippon Life Insurance Company is a part of Reliance Capital, a private sector financial services and non-banking company. Reliance Nippon caters to a vast audience of over 10 million policyholders. Reliance Nippon has been Rated among the "Top 3 Most Trusted Life Insurance Service" brands by Brand Equity‘s Most Trusted Brands Survey 2018. Reliance Nippon offers a multitude of insurance plans to customers from different socio-economic backgrounds with different needs.

  1. Reliance Nippon Term Insurance Plans

    Reliance Nippon Term Insurance plans are pure protection plans that are affordable, and you can opt for a Sum Assured as per your financial needs.

    Plan Entry Age Tenure Minimum Sum Assured
    Reliance Nippon Life Protection Plus Minimum Age:- 25 years
    Maximum Age:- 55 years
    Whole of life Rs. 25,00,000
    Reliance Nippon Life Saral Jeevan Bima Minimum Age:- 18 years
    Maximum Age:- 65 years
    5/15/20 to 40 years Rs. 5,00,000

    Reliance Nippon Term Insurance Plans

  2. Reliance Nippon Savings and Investment Plans

    Reliance Nippon Savings and Investment Plans help you achieve specific goals such as buying your dream home. These plans allow you to experience the joys of life and provide for your family's needs.

    Plan Entry Age Tenure Minimum Sum Assured
    Reliance Nippon Life Nischit Samruddhi Minimum Age:- 12 years
    Maximum Age:- 55 years
    24 years Sum assured on death:-
    11 times the annualized premium
    Reliance Nippon Life Super Bachat Plus Suraksha Plan Minimum Age:- 18 years
    Maximum Age:- 50 years
    10/15/20 years Minimum Base Sum Assured is dependent on the Life Assured’s entry age, policy term, Premium Payment Term and annualized premium chosen by the Policyholder
    Reliance Nippon Life Milestone Plan Life Option:-
    Minimum Age:- 8 years
    Maximum Age:- 60 years
    Life Plus Option:-
    Minimum Age:- 8 years
    Maximum Age:- 75 years
    10/12/15/20 years Rs. 5,00,000
    Reliance Nippon Life Super Endowment Plan Minimum Age:- 8 years
    Maximum Age:- 60 years
    14&20 years Rs. 1,00,000
    Reliance Nippon Life Super Money Back Plan Minimum Age:-
    Option A: 18| Option B: 45 years
    Maximum Age:- 55 years
    10/20/30/40 and 50 years Rs. 1,00,000
    Reliance Nippon Life Increasing Money Back Plan Minimum Age:- 15 years
    Maximum Age:- 55 years
    15 years Rs. 1,00,000
    Reliance Nippon Life Future Income Minimum Age:- 8 years
    Maximum Age:- 55 years
    14/16/18/20/22/24 years Rs. 2,00,000
    Reliance Nippon Life Smart Zindagi Plus Minimum Age:- 18 years
    Maximum Age:- 55 years
    85-Age at entry of Life Assured Rs. 2,50,000
    Reliance Nippon Life Fixed Money Back Minimum Age:-
    Death Benefit Option 11X: 18
    Death Benefit Option 7X: 45
    Maximum Age:- 55 years
    15 or 20 years Rs. 1,00,000
    Reliance Nippon Life Increasing Income Insurance Plan Minimum Age:- 14 years
    Maximum Age:- 60 years
    12/16/20/24 years Rs. 60,000
    Reliance Nippon Life Bluechip Savings Insurance Plan Minimum Age:- 8 years
    Maximum Age:- 60 years
    10/15 years Rs. 77,905
    Reliance Nippon Life Guaranteed Money Back Plan Minimum Age:- 18 years
    Maximum Age:- 58 years
    15 to 20 years Rs. 1,00,000
    Reliance Nippon Life Lifelong Savings Plan Minimum Age:- 7 years
    Maximum Age:- 55 years
    15 to 30 years Rs. 80,000
  3. Reliance Nippon Retirement Plans

    Reliance Retirement Plans will help you save money for your retirement. It ensures that you continue to get some income after retirement and maintain your lifestyle.

    Plan Entry Age Tenure Minimum Sum Assured
    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
  4. Reliance Nippon ULIP Plans

    Reliance Nippon Life Insurance presents you a wide range of regular and single premium Unit Linked Insurance Plan (ULIP) that suit your investment needs.

    Plan Entry Age Tenure Minimum Sum Assured
    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

Life Insurance Companies

Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.

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.
  • Analyze quotes and choose the Reliance term insurance plan.
  • 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)

Life Insurance Articles

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. To whom I need to contact in case I want to change my mobile number in my Reliance life insurance policy?

All you need to do is to place a request to Reliance customer service (rlife[dot]customerservice[at]relianceada[dot]com) from your registered email id along with the policy number. The support team will make the necessary changes and send the confirmation once done.

7. 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.

8. Is there any mobile application available for Reliance life insurance policies?

Yes, there is an application, viz., Reliance life insurance available.

9. 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.

10. 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.

11. Is there any loan facility available for my Reliance Nippon Life Increasing Money Back Plan?

Yes, a loan facility is available for Reliance Nippon Life Increasing Money Back Plan.

12. 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.

13. May I whether I can convert my maturity payout to a regular income facility for my Reliance Nippon Life Milestone Plan?

Yes, there is a settlement option applicable to convert maturity payout in a regular income facility for my Reliance Nippon Life Milestone Plan.

14. What are the different riders available for my Reliance Nippon Life Future Income plan?

The different riders available for the Reliance Nippon Life Future Income plan are as follows:

  • Accidental Death Benefit Rider
  • Accidental Death and Disability Rider
  • Accidental Death and Disability Plus Rider

15. 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.

16. When will I receive wealth boosters for my Reliance Nippon Life Premier Wealth Insurance Plan?

You will receive wealth boosters from the 8th policy year for Reliance Nippon Life Premier Wealth Insurance Plan.

17. 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.

18. How I can register a critical illness claim under Reliance life insurance plans?

To register a critical illness claim under Reliance life insurance plans, you need to submit the following documents:

  • Critical Illness Claim Form A.
  • Claim Form B – certificate of illness. The attending doctor must affix his signature and stamp to this.
  • Original Policy Documents.
  • Hospital records

19. How I can change my premium paying frequency for the plans offered by Reliance life insurance company?

You can change the premium payment frequency only on policy anniversaries after submitting a duly filled-in and signed request form.

20. How to apply for the duplicate copy of the policy offered by Reliance Life Insurance Company Limited?

Policyholders can apply for the duplicate copy of policy documents by paying the required amount. Also, they have to sign an indemnity.

What Our Customers Have to Say

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Prerna Kumari

Mumbai

July 11, 2022

Good company. Presents nice term insurance plans and flexible plans also. My husband has brought one for the family.

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July 11, 2022

IndiaFirst Term Insurance company ensures that your family s needs are looked after. One of the best companies offers a term plan per your needs.

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July 6, 2022

I recently received the claim amount of the policy that my husband had brought for us. I am glad that the company understands the needs of its customers and their families. Well done Canara HSB...

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Urvashi R

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May 31, 2022

Hey everyone, just wanted to say that Kotak Mahindra Life Insurance is one of the best life insurance companies. You can even you should go for this company if you want to secure your family s ...