As of March 31, 2022, the company is one of the largest non-bank-supported private life insurers, with over 10 million policyholders*, a robust distribution network of 713 locations, and 46,538 advisers. The vision is to "be a company people are proud of, trust in, and grow with; giving financial freedom to every person". It has been named one of the top 3 most trusted life insurance service brands by brand equity's most trusted brands survey 2018. with this in mind, Reliance Nippon insurance offers five main sectors for people and groups/corporate entities: protection, child, retirement, saving & investment, and health.
With hard work and dedication, Reliance Life Insurance has won many awards and recognition in recent years. Let us glance at some achievements:
- Reliance Nippon Life Insurance won Best Energy Efficient Organization at the 6th Edition of CII National Energy Efficiency Circle Competition 2022.
- The company was ranked India’s 5th most valuable insurance brand in India by Brand Finance.
- Reliance Nippon Life Insurance company was certified as one of India's top 50 companies by Great Place to Work, 2022.
- InsureNext Summit & Awards 2022 By Banking Frontiers awarded Reliance Nippon "Best Claim Settlement Award.”
Important Features & Benefits of Reliance Nippon Life Insurance
Buying a life insurance plan is a must, especially knowing the uncertainties of life. You never know what will happen, so being safe and sound is the only way to move forward. Reliance Life Insurance offers many key features that make it a good life insurance company. Let us take a look at some features:
Claim Settlement Ratio
The Claim Settlement Ratio (CSR) refers to an insurance provider's ability to settle a raised health insurance claim. According to the IRDAI Annual Report for 2021-22, Reliance Life Insurance has a CSR of 98.67%.
Solvency Ratio
A solvency ratio assists a potential buyer in determining the company's ability to manage its short- and long-term responsibilities. According to the IRDAI, every life insurance firm must maintain a solvency ratio of 1.5. According to the most recent IRDAI Report 2021-22, Reliance Life Insurance's Solvency Ratio is 2.33.
Equity Share Capital
Every business requires significant operating cash to keep things going smoothly, and this financing is proper when financial constraints hamper the company's regular activities. Reliance Nippon has a share capital of INR 5036.57 Crores.
Brand Name of Reliance
We all know the company's presence in India and worldwide. The company has a good face value, and it brings trust with 900 wide networks of offices. The firm provides PAN India presence.
Good Customer Service
Reliance Nippon Life Insurance provides excellent customer service to its clients. The knowledgeable crew of specialists is always available to answer inquiries and provide the best service possible.
Life Insurance Plans Offered by Reliance Nippon Life Insurance
Reliance Life Insurance provides online life insurance options such as term insurance, ULIP plans, retirement plans, etc. Let us now look at different life insurance plans.
Term Insurance Plans
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Tata AIA Life Insurance Sampoorna Raksha Supreme |
Coverage Benefits
- Affordable Premium
- Customized Protection
- Tax Benefits
Eligibility Criteria
Entry Age: 18 Years - 60 Years
sum assured: 25 Lakhs - No Limit
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Reliance Nippon Life Saral Jeevan Bima |
Coverage Benefits
- Flexible Premium Paying Option
- Tax Benefits
- Death Benefit
Eligibility Criteria
Entry Age: 18 Years - 65 Years
sum assured: 5 Lakhs - 25 Lakhs
ULIP Plans
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Reliance Nippon Life Smart Savings Insurance Plan |
Coverage Benefits
- Adequate Life Cover
- Pay as you Like
- Partial Withdrawals
Eligibility Criteria
Entry Age: 1 Year - 60 Years
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Reliance Nippon Life Prosperity Plus |
Coverage Benefits
- Loyalty Bonus
- Tax Benefit
- Maturity Benefit
Eligibility Criteria
Entry Age: 1 Year - 60 Years
|
Reliance Nippon Life Premier Wealth Insurance Plan |
Coverage Benefits
- Pay as you Like
- Tax Benefits
- Partial Withdrawals
Eligibility Criteria
Entry Age: 30 Days - 60 Years
|
Reliance Nippon Life Classic Plan II |
Coverage Benefits
- Investment Flexibility
- Tax benefits
- Adequate Protection
Eligibility Criteria
Entry Age: 7 Years - 60 Years
Savings & Investment Plans
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Reliance Nippon Life Nischit Samrudhi |
Coverage Benefits
- Guaranteed Benefits
- Flexibility of Premium
- Save Tax
Eligibility Criteria
Entry Age: 1 Year - 55 Years
Sum Assured: 3.6 Lakhs - No Limit
|
Reliance Nippon Life Super Bachat Plus Suraksha Plan |
Coverage Benefits
- Guaranteed Benefits
- Maturity Benefit
- Death Benefit
Eligibility Criteria
Entry Age: 18 Years - 55 Years
|
Reliance Nippon Life Milestone Plan |
Coverage Benefits
- Waiver of Premium Benefit
- Bonus Option
- Pay as you Like
Eligibility Criteria
Entry Age: 8 Years - 55 Years
|
Reliance Nippon Life Super Endowment Plan |
Coverage Benefits
- Life Cover Protection
- Maturty Benefits
- Tax Savings
Eligibility Criteria
Entry Age: 8 Years - 60 Years
|
Reliance Nippon Life Lifelong Savings |
Coverage Benefits
- Flexible Cover Option
- Tax Benefits
- Guaranteed Savings
Eligibility Criteria
Entry Age: 7 Years - 55 Years
|
Reliance Nippon Life Super Money Back Plan |
Coverage Benefits
- Pay as you Like
- Tax Benefits
- Guaranteed Liquidity
Eligibility Criteria
Entry Age: 18 Years - 55 Years
|
Reliance Nippon Life Increasing Money Back Plan |
Coverage Benefits
- Maturity Benefit
- Guaranteed Liquidity
- Tax Benefits
Eligibility Criteria
Entry Age: 15 Years - 55 Years
|
Reliance Nippon Life Future Income |
Coverage Benefits
- Long Term Savings
- Easy Premium Paying Options
- Tax Benefits
Eligibility Criteria
Entry Age: 8 Years - 55 Years
|
Reliance Nippon Life Fixed Money Back |
Coverage Benefits
- Guaranteed Benefits
- Maturity Benefit
- Save Tax
Eligibility Criteria
Entry Age: 18 Years - 55 Years
|
Reliance Nippon Life Increasing Income Insurance Plan |
Coverage Benefits
- Maturity Benefit
- Tax Benefits
- Pay as you Like
Eligibility Criteria
Entry Age: 14 Years - 60 Years
|
Reliance Nippon Life Bluechip Savings Insurance Plan |
Coverage Benefits
- Pay as you Like
- Liquidity Benefits
- Tax Benefits
Eligibility Criteria
Entry Age: 8 Years - 60 Years
|
Reliance Nippon Life Fixed Savings |
Coverage Benefits
- Maturity Benefit
- Tax Benefit
- Survival Benefits
Eligibility Criteria
Entry Age: 8 Years - 60 Years
|
Reliance Life's Guaranteed Money Back Plan |
Coverage Benefits
- Flexible Premium Paying
- Money Back Benefit
- Maturity Benefit
Eligibility Criteria
Entry Age: 18 Years - 60 Years
Retirement Plans
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Reliance Nippon Life Immediate Annuity Plan |
Coverage Benefits
- Tax Benefit
- Annuity for Life
- Single Premium Mode
Eligibility Criteria
Entry Age: 20 Years - 80 Years
|
Reliance Nippon Life Smart Pension Plan |
Coverage Benefits
- Decide When to Retire
- Tax Benefits
- Ensure Regular Income
Eligibility Criteria
Entry Age: 18 Years - 65 Years
|
Reliance Nippon Life Saral Pension Plan |
Coverage Benefits
- Guaranteed Income
- Choice of Annuity
- Tax Benefits
Eligibility Criteria
Entry Age: 40 Years - 80 Years
How to Buy Reliance Nippon Life Insurance
The process of buying life insurance is simple and hassle-free. First, let's look at the Reliance life insurance online buying process.
Buy from "RenewBuy"
- Visit the official site of "RenewBuy".
- Tap on the "Life Insurance Plan" tab.
- Select the Best Life insurance Plan.
- Fill in all the details.
- Click on "Buy Now".
- Proceed with the payment.
Buy From the Official Website of Reliance Nippon Insurance
- Go to the official website of Reliance life insurance.
- Click on the tab “Life Insurance”
- Choose the best Life insurance plan for your needs.
- Enter all the required details.
- Click on “Buy now”
Claim Settlement Process Online under Reliance Nippon Life Insurance
You only need to submit the necessary paperwork to the closest RNLIC Branch office to register a claim. You can get help from the branch executives anytime during the procedure. You can also send the correctly filled out claim forms and other required documents via courier to The Claims Department, Reliance Nippon Life Insurance Limited, Office Nos. 701 & 702, 7th floor, Silver Metropolis, Off Western Express Highway, Goregaon East, Mumbai - 400063, or email the scanned copies to the above address.
Few Things to Remember:
- Read the terms and conditions thoroughly.
- Always keep your contact information up to date.
- To keep your policy active, pay your premiums on time.
- Inform your loved ones about your insurance policy and how to file a claim.
- Understand the specifics of your life insurance to determine what is and is not covered.
Documents Required for the Claim
In Life insurance policies, the following documents are needed to submit a claim:
- Claim Form
- Original Reliance life insurance policy document
- NEFT mandate form signed by bank officials and accompanied by a cancelled check or bank account passbook.
- Death Certificate issued by Local Authority, Original or Attested
- Proof of the insured’s current residence.
- Evidence of insured’s photo ID.
Reliance Nippon Life Insurance Contact Details
If you want to connect with the company, here is important information.
Address : Unit Nos. 401B, 402, 403 & 404, 4th Floor, Inspire-BKC, G Block, BKC Main Road, Bandra Kurla Complex, Bandra East, Mumbai - 400051
Email Address : rnlife.customerservice@relianceada.com
Contact : 1800 102 1010 (Monday to Saturday: 9 am to 6 pm) for Indian nationals. (+91) 022 4882 7000 customers outside of India.
Disclaimer:
The details, facts, or figures given here are intended solely for the reader's informational purposes and should not be relied upon for personal, medical, legal, or financial decisions. Please visit the insurer's website for the latest updates. We do not endorse any particular insurance company or insurance product provided by any insurer.