#Virukipolicy | T&C*
We cannot prognosticate that ‘What is going to happen in the future?’. So, it is better to ensure your protection from future eventualities by taking measures in advance through investment in Reliance term insurance. Reliance Nippon Term Insurance provides the best term plans that accomplishes the financial protection goals of each generation.
Reliance Nippon life insurance believes in serving the customer first which can significantly boost the business growth. Reliance has done a tremendous job in the financial sector and with the partnership with the reputed japenese brand Nippon Life Assurance, the company has attained the title of Top 3 Most Trusted Life Insurance Service Brands.
A term plan that offers unlimited options to ensure the financial security of the family by granting timely coverage without any respite. With higher sum assured options at lower premiums and hassle-free online settlement process, the plan is considered as the best term insurance plan for family protection.
The Digi-term plan of Reliance Nippon offers various options and pay the benefits according to the option selected at the inception of the policy.
An extremely affordable and worthwhile term plan that offers financial protection from unforeseen incidents through a comprehensive range of sum assured available at a cheaper cost premiums.
|Reliance Term Insurance Plans||Reliance Nippon Life Digi-term plan||Reliance Nippon Life Term Plan|
|Minimum Age of Entry||18 years||21 years|
|Maximum Age of Entry||60 years||60 years|
|Maximum Age of Maturity||28 years to 80 years||26 years to 65 years|
|Term of the Policy||Whole life (for Whole Life Secure)|
10 years to 35 years (for Life Secure with Return of Premium (50%) & Life Secure with Return of Premium (100%))
10 years to 40 years (for all other options)
|5 years to 30 years|
|Minimum Sum Assured||Rs 25 lakhs (in multiples of 1 lakh)||Rs 5 lakhs|
|Maximum Sum Assured||No Limitations||No limitations|
|Premium Paying Term||Regular Pay (same as the policy term)|
Limited Pay: 65 years less Age of Entry
|Same as the policy term|
|Premium Paying Frequency||Yearly/ Half Yearly/ Quarterly/ Monthly||Yearly/ Half Yearly/ Quarterly|
The benefit of this rider will be paid to the nominee on the death of the life assured caused solely due to accidents.
When this rider is attached to the base policy, the cover becomes more lucrative for the family and the assured. Here, the death benefit on accidental death is paid in lumpsum. While in case of permanent disability, the rider sum assured taken is paid into equal yearly installments for a fixed term of 10 years.
On taking this rider, the assured can safeguard the family from uncertain death and permanent disability through payment of rider sum assured either in lumpsum or annual installments for 10 years.
An extra coverage which can be used to enhance the basic coverage and to compensate the medical expenses arising due to surgery with the additional sum assured. The assured will receive lumpsum payment on any listed surgeries and the family can be rescued from financial suffering.
|Major Repair of Multiples Ruptures due to Trauma||Aorta Excision and Insertion of Graft for Aortic Aneurysm||Cornea transplantation due to Trauma||Pancreatico-Duodenectomy|
|Carotid Endarterectomy||Pulmonary Embolectomy using Cardiopulmonary Bypass||Bone Marrow Transplant(as recipient)||Partial Gastrectomy|
|Coronary Artery Bypass Graft for Coronary Artery disease||Open Reduction and Internal Fixation of Fractures||Clipping of Aneurysm / Arterio-venous Malformation||Open Heart surgery|
|Craniofacial Resection (head & face||Core Decompression for Avascular Necrosis||Kidney Transplant for complete Renal failure||Laryngectomy with radical Neck Dissection/Block Dissection|
|Traumatic Amputation||Major Repair/Transplant (liver)||Transplant of Lungs/ Combined Heart Lung Transplant||Wide Excision and Major Reconstruction (mouth)|
|Open Reduction and Fixation of Compound Fracture||Anastomosis of the Pancreatic Duct to Bowel due to Non alcoholic Chronic Pancreatitis||Total Pharyngectomy (for Pharynx)||Compound Fracture with Dural Penetration|
|Osteoplastic Craniotomy / Extensive Craniectomy for Intracranial Haemorrhage||Total / Proximal Gastrectomy||Total Pelvic Exenteration||Bypass for Portal Hypertension|
|Radical Excision of Malignant Tumour||Excision and Insertion of Graft for Aortic Aneurysm||Decompression / Removal via Craniotomy for Intra and Extra cerebral Tumour (brain)||Total Esophagectomy (for esophagus)|
|Major reconstructive surgery due to Trauma or burns|
The rider is exclusively made to secure the lives of the policyholder from 25 critical illnesses by providing additional sum assured on the detection of any illness.
|Cancer||Coma,||Coronary, Artery By-pass Graft||Heart Attack (Myocardial Infarction),||Apallic Syndrome (Vegetative State)|
|Stroke||Surgery for a Disease of the Aorta||Renal Failure||Primary Pulmonary Arterial Hypertension||Major Burns|
|Heart Valve Replacement||Major Organ Transplant||Paralysis||Blindness||End Stage Liver Disease|
|Benign Brain Tumor||Loss of Speech||Parkinson’s disease (before age 61||Alzheimer’s disease (before age 61),||Major Head Trauma|
|Systemic Lupus Erythematosus||Multiple Sclerosis||Motor Neurone Disease||End Stage Lung Disease||Aplastic Anaemia|
The claims must be informed and lodged with the nearest branch of the Reliance Nippon life insurance for a hassle-free claim process
Also, the company does not specify any time limit for claim intimation but as a responsible policyholder, the claim must be notified within 3 to 4 months of death.
The nominee will be notified about the acceptance of claim through a written letter.
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Last updated on 13-11-2019