Reliance Term
vs
Indiafirst

  • Multiple policy tenure to choose from
  • Premiums starting @Rs 15/day
  • 30-day grace period
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Reliance Term vs Indiafirst

Reliance Term

Reliance Nippon Term Insurance is one of the largest non-banks-supported private life insurers with over 10 million policyholders and 713 branches.

Indiafirst

IndiaFirst Insurance is one of the fastest growing insurance companies that offers simple and easy to understand insurance products at nominal premiums.

COMPANY DETAILS Edit Reliance Nippon Term Insurance Plans

Reliance Term

 Edit IndiaFirst Term Insurance Company Limited

Indiafirst
Rating
Number of term insurance plans and add-ons
Annual Premiums Collected (2023-24)

Annual Premiums Collected (2023-24)

5122.1 Cr

Annual Premiums Collected (2023-24)

074.53 Cr
Payout Options

Payout Options

Lump sum, monthly, or a combination of both

Payout Options

Lump sum, monthly or a combination of both
Claim ratio

Payout Options

98.6%

Payout Options

97.04%%
Solvency Ratio

Solvency Ratio

2.3

Solvency Ratio

2
Pan India Presence

Pan India Presence

713+

Pan India Presence

500+
Riders Available

Riders Available

Major Surgical Benefit Rider, Critical Condition Rider, Family Income Benefit Rider, Accidental Disability Rider

Riders Available

Term Rider 
Policy Term

Policy Term

5 to 30 years

Policy Term

5 to 40 years

Know More About Companies

Overview

Reliance Term Insurance: Overview

Reliance Nippon a joint venture between Reliance Capital and Nippon Life Insurance, offers a range of insurance products such as savings, investments, retirement, child, ULIPs and term insurance plans. Their term insurance plans have been gaining popularity due to their attractive features such as affordable premiums, flexible policy terms, tax benefits, and more.

What are some of the
Benefits
that set them apart?

  • Early return of premium

  • Income benefit

  • Increasing cover option

  • Life cover plus income plan

  • Affordable premiums

  • Special premiums for women and non-smokers

Riders

Riders You Can Avail With Reliance life term insurance Plans

Name of the Riders Benefits
Reliance Life Major Surgical Benefit Rider Under this rider, the customers get coverage for the 33 different categories of surgeries, which include major surgeries such as open heart, kidney transplant, and lung transplant.
Reliance Life Critical Condition Rider Under this rider, the customer gets a lumpsum payout if diagnosed with any critical illness among the 25 listed diseases.
Reliance Life Family Income Benefit Rider This rider provides regular income to the policyholder until the rider's tenure if the policyholder is diagnosed with any critical illness or permanent disability that affects the policyholder's earning ability for more than 6 months.
Reliance Life Accidental Disability Rider Under this rider, all the future premiums of term plans will be waived off if the policyholder has any disability due to an accident and can't earn for more than six months.

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IndiaFirst Term Insurance

Explore India’s best-selling Term insurance plans below

IndiaFirst Insurance is one of the fastest growing insurance companies that offers simple and easy to understand insurance products at nominal premiums.

IndiaFirst Guaranteed Protection Plan

IndiaFirst Guaranteed Protection Plan

IndiaFirst Life Guaranteed Protection Plus Plan is a unique term life insurance plan that meets every requirement. India First Life Guaranteed Protect...

Unique Features

  • Multiple Plan Options
  • Cover for Critical Illness
  • Waiver of Premiums

IndiaFirst Guaranteed Protection Plan (Pros)

IndiaFirst Guaranteed Protection Plan
  • 1 Crore Cover
  • 3 Plan Options
  • WoP Premium for 40 Critical Illnesses

IndiaFirst Guaranteed Protection Plan (Cons)

IndiaFirst Guaranteed Protection Plan
  • 1 Year WP For Suicide
  • No Rider Benefit
  • No Pre-Existing Conditions

IndiaFirst Guaranteed Protection Plan (Other Benefits)

IndiaFirst Guaranteed Protection Plan
  • Whole Life Cover (Till Age 99)
  • WOP Option For Disability
  • Adjust SA With Life Stage

IndiaFirst Guaranteed Protection Plan (Eligibility Criteria)

IndiaFirst Guaranteed Protection Plan
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 50L
  • Maximum Maturity Age - 99 yrs
  • Premium Payment Term - 5 To 35 Years

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Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.

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