Reliance Nippon Life Insurance Company is one of the growing life insurance companies of India in the private sector when it comes to individual WRP (weighted received premium) and new business WRP. The company is one of the largest private life insurers with around 10 million policyholders, a strong distribution network of over 700 branches and over 75,000 advisors as on March 31, 2017. The company holds best claim settlement ratios in the industry, which stands at 95.21% as of March 31, 2017.
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.
With a comprehensive portfolio that covers a variety of life insurance plans that caters to the monetary desires of people, Reliance Nippon life insurance company makes it particularly easy to find the coverage that perfectly meets your requirements. Whether it is a child plan, retirement solutions, savings and funding plans, or protection plans.
Reliance Nippon gives a preference of funds and numerous fund management options. You can buy one that suits you the most.
You may change your fund choices whenever you want.
You furthermore might have options to make ordinary premium payments, restricted charge or just one lump sum charge.
You may withdraw finances periodically from ULIPs in case you want money urgently.
You can grow your wealth with the guarantee that your family’s desires also are secured by the life coverage.
You get loyalty benefits in case you select long-term investment policies
1. Reliance Nippon Life Classic Plan II : It 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.
2. Reliance Nippon Life Premier Wealth Insurance Plan: Reliance 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.
3. Reliance Nippon Life Smart Savings Insurance Plan: Reliance 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.
Right here are some motives why you have to choose a Unit linked insurance Plan from Reliance Nippon:
Tax advantages: You are seeking for tax exemptions on premium payments in addition to the loss of life advantages as in keeping with Sections 80C and 80CC.
Clear registration: Getting a policy from Reliance Nippon is simple and convenient and might even be accomplished online. The policies are easy to recognize and feature a whole lot of flexibility and choices to help you make the right monetary decision.
Easy claims system: Reliance Nippon ensures claims approval within 2 weeks, subject to proper documentation and verification. Reliance Nippon’s claim settlement Ratio is 95.01% as on March 2016. This suggests that the organization has settled ninety-five out of one hundred claims made its customers.
Loyalty advantages: If you stay invested in Reliance Nippon products for a long-term, you may get loyalty additions to your policy. This could increase the corpus of budget available to you for investment and also grow the loss of life advantages available for your family in case of your untimely death.
Reliance Nippon life insurance company has made it feasible for customers to pay their charges without compromising with your comfort. All you need to do is visit the agency’s website and under My services, click on pay premium online and enter your user identity and date of start to log in your account, select the policy for which you want to make a premium payment, and pick out a choice to pay. The options for the payment include credit score card, net banking, mobile wallet, debit card, and an e-card.
There's no need to post a claim for survival advantages, as they're automatically credited to the savings bank account of the policyholder as and when they emerge as due.Maturity benefits, too, are paid to the policyholder on policy maturity, for in-force and paid-up policies.
The frequency of premium payments can be modified most effectively on coverage anniversaries after submitting duly filled in and signed the request form.
Fund allocation may be changed at any time simply by submitting a signed request for it at your nearest department. If you wish to make the change online, you can log in to the Self-assist portal at the Reliance life insurance website.