Reliance Life Insurance

Based on the Weighted Received Premium, Reliance Nippon Life Insurance Company is considered to be one of the largest insurers in the private sector. It has more than 10 million policyholders and more than 1 lakh advisors. It has an extensive network of 800 branches and it is also considered to be one of the leading private life insurance companies that aren't backed by any banks.

Reliance Nippon Life Insurance is a part of Reliance Capital. Reliance Nippon Life Insurance Company is a merger between Reliance and Nippon Life Insurance. Nippon Life Insurance holds around 49% of the stakes in the company. Nippon Life Insurance is considered to be one of the leading life insurers.

Reliance Nippon Life Protection Plans

Plan	Basic Sum Assured	Policy Term (Tenure)	Features of the policy
Reliance Nippon Life Term Plan	Rs.5 Lacs	5 years to 30 years	Offers tailor made, complete coverage which is comprehensive and easy to understand
Reliance Nippon Life Online Income Protect	Rs.35 Lacs	10 years / 15 years / 20 years / 25 years / 30 years / 35 years	Provides regular Income to the family of the deceased
Reliance Nippon Life Online Term Plan	Rs.25 Lacs	10 years / 15 years / 20 years / 25 years / 30 years / 35 years	This plan is available online and it provides life coverage for a nominal amount

Reliance Nippon Life Savings and Investment Plan

Plan	Basic Sum Assured	Policy Term (Tenure)	Features
Reliance Nippon Life Guaranteed Money Back Plan	Rs.50,000	15 years 20 years	Accidental Death Benefit Premium waiver in case of sudden death
Reliance Nippon Life Fixed Savings	Minimum Annualised Premium for this policy is Rs.25,000 and the premium payment terms at your disposal are 5, 7 and 10 years	12 years 15 years 20 years	Systemic savings plan which could help you in building a substantial corpus Offers a lump-sum maturity sum Offers life cover
Reliance Nippon Life Bluechip Savings Insurance Plan	Rs.77,905	10 years to 15 years	Ensures a life cover as well as an assured 7% guaranteed addition
Reliance Nippon Life Increasing Income Insurance Plan	Rs.60,000 if the individual enters the contract at 44 years of age or younger, and Rs.1 lac if the individual is 45 years or above	12 years 16 years 20 years 24 years	Provides regular monthly income Lump sum at maturity The nominee will be receiving ten times the annualized amount if the policyholder dies suddenly
Reliance Nippon Life Fixed Money Back Plan	Rs.1 lac	15 years 20 years	Limited paying terms Assured fixed money back Maturity benefits
Reliance Nippon Life Super Money Back Plan	Rs.1 lac	10 years 20 years 30 years 40 years 50 years	You’ll be receiving regular paybacks at periodic intervals
Reliance Nippon Life Smart Cash Plus Plan	Rs.1 lac	10 years 13 years 16 years 19 years 22 years	Provides both savings as well as liquidity to the policyholder
Reliance Nippon Life Money Multiplier Plan	Rs.60,000	10 years 15 years 20 years	This policy guarantees a maturity amount plus loyalty additions The policy owner can avail a life cover that is 10 times the premiums paid
Reliance Nippon Life Endowment Plan	Information not available	Information not available	Flexible insurance plan Provides life cover
Reliance Nippon Life Super Endowment Plan	Rs.1 lac	14 years 20 years	Helps you build a corpus for your future Guaranteed life cover
Reliance Nippon Life Lifelong Savings Plan	Information not available	Information not available	Guaranteed life cover to the family of the deceased
Reliance Nippon Life Future Income	Rs.2 Lacs	14 years 16 years 18 years 20 years 22 years 24 years	Offers an additional annual income to the family of the deceased if the policyholder dies
Reliance Nippon Life Whole Life Income	Information not available	Information not available	Offers policyholders with a regular income until they turn 85 Offers life cover
Reliance Nippon Life Increasing Money Back Plan	Rs.1 lac	15 years	Guarantees a payout once every three years so that the family can keep up with the inflation The amount received every three years isn’t fixed, it is incremental in nature

Reliance Nippon Unit Linked Insurance Plan

Plan	Basic Sum Assured / Minimum Annualised Premium	Policy Term (Tenure)	Features of the Policy
Reliance Nippon Life Classic Plan II	The minimum sum assured for Regular Pay policies is Higher of (10 x Annualised Premium) or (0.5 x Policy Term x Annualised Premium); and 1.25 x Single Premium in case of Single Pay policies.	15 to 30 years in case of Regular Pay policies and 20 to 30 years in case of Single Pay policies.	Provides life cover along with investment option Highly flexible (offers you with the ability to choose the premium amount and tenure)
Reliance Nippon Life Smart Savings Insurance Plan	The Minimum Annualised Premiums for this policy are categorized in the following bands: Band 1: Rs.48,000 Band 2: Rs.1 lac Band 3: Rs.2.5 lacs Band 4: Rs.5 lacs Band 5: 10 lacs	10 years and 15 to 30 years for Regular Pay policies; 15 to 30 years for Limited Pay (10 years) policies; 10 years and 15 to 25 years for Limited Pay (7 years) policies; and in case of Limited Pay (5 years) policies, 10 years and 15 to 20 years for entry between the ages of 1 and 45, and 10 years and 15 years for entry between the ages of 46 and 50.	Offers systematic allocation of assets depending on your life-stage
Reliance Nippon Life Premier Wealth Insurance Plan	Information not available	Information not available	High flexibility (offers insurance coverage along with the flexibility to cover for your immediate financial need and changing priorities over time)

Child Insurance Plans

Plan	Basic Sum Assured	Policy Term (Tenure)	Features of the Policy
Reliance Nippon Life Education Plan	Rs.50,000	9 years to 20 years for Regular Pay policies and Limited Pay (5 years) policies and Limited Pay (7 years) policies; and 12 years to 20 years for Limited Pay (10 years) policies.	Provides annual income for 10 years after the death of the policy owner Meant for individuals who are interested in
Reliance Nippon Life Child Plan	Rs.25,000	10 years to 20 years	Covers for child’s education, higher studies, home or marriage

Reliance Nippon Life Retirement Plans

Plan	Basic Sum Assured	Policy Term (Tenure)
Reliance Nippon Life Immediate Annuity Plan	Information not available	Information not available
Reliance Nippon Life Smart Pension Plan	Purchase price: Rs.1 lac (exclusive of education cess and service tax)	Life annuity
Reliance Nippon Life Pension Builder	Rs.2 Lacs	10 years to 40 years for Regular Pay policies; 10 years to 20 years for Limited Pay (5 years and 7 years) policies; and 15 years to 20 years for Limited Pay (10 years) policies

Reliance Nippon Life Group Plans

Group plans that you can purchase from Nippon life Insurance are described below:

Employer’s Liability Solutions

• Reliance Traditional Group Employee Benefit Plan

• Reliance Traditional Group Superannuation Plan

• Reliance Group Leave Encashment Plus Plan

• Reliance Group Gratuity Plus Plan

Employee Protection Solutions

• Reliance Group Credit Assure Plan

• Reliance Group Term Assurance Plus

• Reliance Group Credit Assure Plus

• Reliance Group Term Assurance Plan EDLI

Group Saving Solutions

• Reliance Group Sarv Samriddhi

Plan	Annual Contribution	Policy Term (Tenure)
Reliance Traditional Group Employee Benefit Plan	Rs.50,000	One year (renewable annually)
Reliance Traditional Group Superannuation Plan	Rs.2 Lacs	One year (renewable annually)
Reliance Group Leave Encashment Plus Plan	Rs.1 lac	One year (renewable annually)
Reliance Group Gratuity Plus Plan	Rs.2 Lacs	One year
Reliance Group Credit Assure Plan	Rs.1 lac for home loans; and Rs.10,000 for other loans	2 years to 30 years in case of Single Pay policies; and 8 years to 30 years in case of Limited Pay policies
Reliance Group Term Assurance Plus	Rs.5,000 per member (Minimum number of members for Employer Employee groups is 10, and 50 for Non-employer Employee groups	One year (renewable annually)
Reliance Group Credit Assure Plus	Rs.1 lac for affordable home loan / loan against security / loan against property / construction equipment loan / SME working capital loan / business loan / warehouse financing loan; Rs.2 lacs for normal home loan; and Rs.10,000 for personal loan / private or commercial vehicle loan / consumer finance loan / tractor loan / KCC loan / educational loan	2 years to 30 years in case of Single Pay policies and 8 years to 30 years in case of Limited Pay policies
Reliance Group Term Assurance Plan EDLI	Information not available	Information not available
Reliance Group Sarv Samriddhi	10 to 25 times the Annualised Premium subject to a minimum of Rs.10,000 per member and the minimum group size is 20 members	10 years

Documents Required to Claim Reliance Nippon Insurance Policy

• Claim intimation form

• Policy Documents (Original)

• Original death certificate issued by the municipality

• ID and address proof of the claimant

• Supporting Documents

• Copy of the Bank statement

• Medical Questionnaire

• Death Certificate, discharge summary, treatment reports, etc

• A medical certificate that reinstates the cause of death

• Copy of FIR/panchanama/inquest

• Copy of the chemical analysis report/post-mortem report

• DL copy if the policyholder was driving in the time of an accident

• Settlement option form

In the case of Suicide, the individual must submit:

• Form C

• FIR linked with the suicide

Reliance Nippon Claim Settlement Ratio

Total Premium in Crores (2016-17)	Total Premium in Crores (2015-16)	Total Premium in Crores (2014-15)	Total Premium in Crores (2013-14)	Claim Settlement Ratio (2016-17)	Claim Settlement Ratio (2015-16)	Claim Settlement Ratio (2014-15)	Claim Settlement Ratio (2013-14)
4026.82	4398.12	4621.08	4283.4	94.53%	93.82%	83.84%	81.97%

Documents Required to Purchase Reliance Nippon Insurance Policy

• PAN Card

• Income Proof

• Address Proof

• Identity Proof

• Bank passbook copy that is self-attested

How Can You Check the Status of Reliance Nippon Life Insurance Policy Online

For checking the status of your Reliance Nippon Life Insurance policy, you may follow the procedure described below:

• Visit the official website of the company

• Click on Login

• There will be three options above the Login link, 'Customer, Corporate and Partner.'

• Select the Customer option

• You will be redirected to the login portal for the customers

• Now enter your Client ID and Policy Number along with the password

• Click on Sign in

• The details of your policy will appear on the screen

If you are a new user who has not registered with Reliance Nippon yet, they can visit the company’s website and then click on the Login option. After clicking on the login option, select the type of user, i.e., Customer. After that, you'll be redirected to a fresh page where you'll find a link 'Register Now.' Click on the same link and then enter the necessary data, such as the Client ID/Policy Number, birth date, etc. and tick on the box next to I Agree(this implies that you agree with all the terms and conditions of the company mentioned in the document). After this, you can click on Submit to complete your registration procedure. You can check whether you have been registered or not by logging in to the portal by using your username and password.

Reliance Nippon Life Insurance Online Payment

Customers of Reliance Nippon Life Insurance Company can pay their premiums in the comfort of their personal space. The customers need to visit the official website of the company click on Pay Premium Online under the link,'My Services'. The customers will be required to select the policy for which they want to make the premium payment and select the preferred mode of payment. Customers can make their payments through credit card, debit card, net banking, mobile wallet, and an e-card.

Reliance Nippon Life Insurance Premium Calculator

For calculating the amount of premium applicable on a specific policy, you can use the Reliance Nippon Life Insurance Premium Calculator to measure the amount that you will be required to pay in the form of premiums. Visit the company's website and then locate the calculator on the main page. Provide the necessary details such as,

• Gross monthly income

• Monthly Personal Expenses

• Monthly net income for the family expense

• Assets on hand

• Current Age

• Expectations from the policy

After clicking on Submit, the details of your policy will be shown on the screen along with the amount of premium applicable to the policy.

Reliance Nippon Life Insurance Customer Care

Reliance Life Insurance is one of the leading insurers in India which offers a variety of attractive life insurance schemes. The company handles a huge volume of customers due to which it has maintained an impeccable customer care department that aids the customers for all their queries and complaints that they may have linked with the policy. There are several channels through which the customers can contact the Reliance Nippon support staff. Customers can call the 24x7 customer support helpline or register themselves on the website to get a callback from the company or write to the customer care department(through the email address provided)

Reliance Nippon Life Insurance Frequently Asked Questions

What is the procedure for taking a loan against Reliance Life Insurance policy?

After the policyholder has completed the lock-in period, the policyholder can take a loan against the policy.

How can I register a claim for Accidental Death Benefit or Total & Permanent Disability?

To start the processing of accidental death benefit/permanent disability claim, you must submit the Claim Form A, Claim Form B, Original Policy Documents, Hospital Records, FIR, etc

What is the procedure for making a partial withdrawal from any ULIP policy?

Partial withdrawals can be made from a ULIP only after the completion of the lock-in period. You'll be required to submit a request form along with the details of the savings bank account and a copy of all the KYC documents that have been self-attested.

What is the process for abdicating a Reliance Life Insurance policy?

Policies can be surrendered after the lock-in period is complete it requires you to submit a filled out Surrender Request Form along with the details of your savings bank account which includes a canceled check from the same account. Along with these, you must submit self-attested KYC documents.

How can I register a claim for availing Death benefit under the Reliance Life Insurance policy?

To begin the procedure of claiming the death benefits, you will be first required to submit the  following documents:

• Claim Form B

• Claim Form A

• Original Policy Documents

• Hospital Records

• Original Death Certificate

• Photo ID

• Post Mortem and Viscera Report

• Claim Form C

• FIR from the police station

How can I change the nominee in my Reliance Life Insurance policy?

To change the nominee for your life insurance policy, you will be required to submit a duly filled out Nomination Form along with self-attested copies of KYC documents in the nearest branch. The records will be updated within two working days.

How can I register a critical illness claim?

To register a critical illness claim, you will be required to submit the following documents

• Claim Form A

• Claim Form B

• Original Policy Documents

• Hospital Records