Reliance Life Term Insurance

Reliance Nippon Term Insurance is one of the largest non-banks-supported private ...Read More

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PolicyX is one of India's leading digital insurance platform

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Himanshu Kumar
Written By:
Himanshu

Himanshu Kumar

Term & Life Insurance

Himanshu is a content marketer with 2 years of experience in the life insurance sector. His motto is to make life insurance topics simple and easy to understand yet one level deeper for our readers.

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Sharan Gurve

Sharan Gurve

Term & Health Insurance

Sharan Gurve has spent over 9 years in the insurance and finance industries to gather end-to-end knowledge in health and term insurance. His in-house skill development programs and interactive workshops have worked wonders in our B2C domain.

Updated on Aug 14, 2025 5 min read

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. Moreover, Reliance is a trusted brand name for the past several years.

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

  1. Solvency Ratio
    1.6
  2. Claim Settlement Ratio
    98.74
  3. Annual Premium
    5536.9 Cr
  4. Branches
    713+

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Riders You Can Avail With Reliance Life Term Insurance Plans

You can avail of the following riders with your Reliance term insurance plans as per your needs.

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.

Benefits of Reliance Life Term Insurance

Reliance Life Term Insurance is one of the most trustworthy and reliable insurer partners you can choose from. Here are the reasons why you should choose Reliance Life Term Insurance Plans:

Tired of Pushy Sales? Get Insurance, Your Way Tired of Pushy Sales? Get Insurance, Your Way

Eligibility Criteria of Reliance Term Insurance Plans

To purchase a Reliance term insurance plan in 2025, certain eligibility criteria must be met. Let's understand the eligibility criteria in detail.

Age: A person between the ages of 18 and 65 is eligible to apply for a term life insurance plan. The policyholder’s age is a key factor in the term insurance plan’s premium. 

Health condition: Since a Reliance term insurance plan insures the policyholder’s life, most insurance providers require a policyholder to undergo a health examination to determine the current health condition and the inherent risks for the insurer. Be completely honest about your health condition and medical history to avoid issues during claim settlement. 

Income: A Reliance term insurance plan has no specified minimum income requirement. However, they might ask you for your bank statement copies and salary slips to determine the coverage on your term plan. 

Smoking habits: If you smoke or have been a smoker in the past, you must disclose this information to the insurer. It is because smokers are exposed to severe health hazards like lung cancer.

Citizenship: Indian citizens can buy a Reliance term insurance plan in India in their name. However, NRIs or PIOs can also leverage the benefits of a term insurance plan in India.

Additional Benefits Offered By Reliance Term Insurance

Reliance term insurance plans offer various additional benefits to the policyholders.

Inbuilt critical illness cover

Term plans such as Reliance Nippon Life Super Suraksha critical illness, or untimely death, with the return of premium option in case you survive the whole policy term as a survival benefit.

Long term coverage

Term plan Reliance Nippon Life Protection Plus offers long-term coverage at an affordable premium.

Affordable Premium

Term Plans such as Reliance Nippon Life Saral Jeevan Bima offer term insurance coverage at affordable premiums.

High sum assured discount

Term Plans such as Reliance Nippon Life Protection Plus offer Higher sum assured discounts.

Types of Reliance Term Insurance Plans

Reliance Life Insurance has various Term Insurance Plans to cater to every unique customer's diverse needs.

Basic Term Plan

Plan Name: Reliance Nippon Life Saral Jeevan Bima

This Plan provides only death benefits at an affordable price. No Maturity benefit is available in this plan.

Term Plan with Increasing Cover Plan

Plan Name: Reliance Nippon Life Protection Plus

This Plan provides an option to increase your coverage multiple times during the policy term.

Term Plan with Return of Premium

Plan Name: Reliance Nippon Life Super Suraksha

This Plan returns 105% of the total premium paid at maturity.

Documents Required to Buy Reliance Term Insurance

Here are the documents required to buy Reliance Term Insurance:

  • Regular Smoking
    Photo ID Proof
  • Your Occupation
    Age Proof
  • Pre-Existing Diseases
    Address Proof
  • Your Age
    Medical Records
  • Your Gender
    Income Proof
Photo ID Proof

Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.

How to Buy a Reliance Life Term Insurance Plan?

You can buy the Reliance Life Term Insurance policy from Policyx.com or the Reliance Life Term Insurance website.

Life Insurance
  • Step 1

    Fill out the form at the top of this page with the necessary details.

  • Step 2

    Select your income and city. Click on 'Proceed'.

  • Step 3

    Update your education and occupation details.

  • Step 4

    Choose your preferred plan and click on 'Buy this plan'.

  • Step 5

    Select the policy term, premium period, and riders (if required), and then proceed to pay.

Life Insurance
  • Step 1

    Visit the official website of Reliance Life Insurance Company.

  • Step 2

    Click on the "Buy Online" tab under Popular Links.

  • Step 3

    Click on the tab 'Know More' under the Reliance term Insurance plan.

  • Step 4

    Click on tab 'Know More' under the Reliance term Insurance plan.

  • Step 5

    Click on the tab 'Calculate Premium' at the top right corner of the page.

  • Step 6

    Fill in the required details, and click on the ‘Buy’ button.

Why Choose PolicyX.com?

Don't just take our word for it - check out what our happy customers say about us!

All my claims were rejected for 3 years. Then, I received a text from PolicyX team, who noticed that my claims hadn't been settled. They managed to get my claims settled, totalling ₹4.5 L. I really appreciate the efforts of the PolicyX advisors for their support in settling my claims.

Ravindra Singh

I highly appreciate the help of the PolicyX team for settling my claim of Rs. 5 Lakhs with zero deductions. I took a policy online from them in March 2024. As a customer, it's been a great experience throughout the process.

Priti varshney

I'm very satisfied because my claim of over ₹2 L has been settled as a result of your team effort. However, I was very upset with the insurer, who delayed the claim for almost 2 months. But with your support and interaction, the claim was settled within 30 days & I appreciate it a lot.

Nisha Mary

I bought my health policy from PolicyX, and so far, it's been a very pleasant experience with the team. I really appreciate the help for renewing my health policy. I look forward to continuing my relationship with PolicyX and recommend it to everyone.

Ajay Shah

PolicyX has been a savior during a medical emergency in my family recently. My wife was admitted in the hospital, and the insurance company declined my claim request. The PolicyX team handled the situation very well and I received the claim right on time.

Vijay Rathod

I purchased a health plan for the very first time and the support by PolicyX is commendable. They helped me with the paperwork, explained the policy details to me with patience and supported me at every step of policy buying. A big thanks to you guys.

Uma Mahajan

How to File a Reliance Term Insurance Claim

The claim settlement process for Reliance term plans is simple and hassle-free. The insurance provider gives you the option of settling a claim both online and offline. We have explained the process by which you can easily submit & settle your claim below:

Online Process

Your Occupation
1

Claim Reporting

Report your Reliance term plan claim by visiting the claim section of the Reliance Nippon Insurance website.

Your Occupation
2

Claim Review

Reliance customer support staff will review your claim form and will assist you at every step. Their staff will next evaluate your claim and notify you if any papers are still pending.

Your Occupation
3

Claim Approval and Settlement-

Your claim will be resolved once you have informed the insurance of your claim and the insurer has received all of the necessary documents.

Offline Process

The Reliance term plan claim settlement procedure can be reported by visiting the local Reliance Life insurance branch office. For the details of Reliance Nippon Life Insurance branches, you can visit their website and locate the nearest branch. You have to submit the essential documents at the branch so that your claim can be processed.

Your Occupation
Life Insurance

More Queries?

If you have any more queries regarding Reliance Life Term Insurance Plans, Renewals, or Claim Procedures, contact our insurance experts at:
1800-4200-269 now!

Reliance Term Insurance: FAQs

1. Is Reliance Nippon Life Insurance a good insurance provider?

Yes, Reliance Nippon Life Insurance is among the top life insurance providers in India and aims to provide comprehensive coverage at nominal premiums.

2. What is Reliance Nippon Life Insurance claim settlement ratio?

According to IRDAI’s annual report for the financial year 2022-23, Reliance Nippon Life Insurance has a claim settlement ratio of 97.60%.

3. Is Reliance Nippon Life Insurance private or government?

Reliance Nippon Life Insurance provider is a life insurance company fully owned by Reliance Capital, a private-sector financial services and non-banking company.

4. How to track a Reliance Term Insurance claim status?

You can track your claim by visiting the official website of the company and login into your online policy account. You can also check the same at the nearest branch of the company.

5. What happens if I discontinue paying the Reliance term insurance premium?

The policy will get lapse if the premiums are not paid within the grace period (30 days). However, you have the option to revive the policy within three years from the lapsed date (as per the revival conditions).

6. Are there any exclusions in the Reliance Term Insurance policy?

The company will not pay any claim on death if the life assured, whether sane or insane, commits suicide within 12 months from the date of issue of this policy or the date of reinstatement of the policy.

7. How soon can I expect my Reliance Term Insurance plans claims to get settled?

The company promises to settle the claims of your Reliance Term Plan in 10 days, provided all the important information is submitted to the company and where 4 or more annual premiums have been paid.

8. How can I revive my lapsed Reliance Term Plan?

To revive your lapsed Reliance Term Insurance within 2 years from the due date of the first unpaid premium. To revive your policy you need to pay all the outstanding premiums along with the additional interest.

9. Does Reliance Term Policy offer any Tax Benefits?

Yes, one can avail a tax benefit on the premiums paid under Section 80C of the Income Tax Act, 1961.

10. Who is eligible to apply for the Reliance Term Plan?

Individuals between the ages of 21 and 60 can apply for this term plan.

11. What is the policy term for Reliance Term Insurance Plan?

The policy term for the term plan ranges from 5 to 30 years.

12. Can I choose the premium payment mode for the Reliance Term Policy?

Yes, you can choose to pay premiums yearly, half-yearly, or quarterly.

13. Are there any additional riders available with the Reliance Term Plan?

Reliance offers various riders, such as the Major Surgical Benefit Rider, the Critical Conditions Rider, the Family Income Benefit Rider, the Accidental Death Rider, and the Total and Permanent Disablement Rider.

14. Is there a surrender value for the Reliance Term Policy?

No, these term plans do not acquire any surrender value.

15. Can I withdraw money from Reliance Nippon Life Insurance?

Yes, you can make a partial withdrawal after the completion of the lock-in term according to the specific terms and conditions of your policy.

16. Is Reliance Life Insurance safe?

Yes, Reliance Life Insurance is absolutely safe.

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Himanshu Kumar

Written By: Himanshu Kumar

Himanshu is a seasoned content writer specializing in keeping readers engaged with the insurance industry, term and life insurance developments, etc. With an experience of 2 years in insurance and HR tech, Himanshu simplifies the insurance information and it is completely visible in his content pieces. He believes in making the content understandable to any common man.

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