Insurance Companies 640 views November 27, 2019

Reliance Nippon Life Insurance

Reliance Nippon Life Insurance Company Ltd – Overview

NameReliance Nippon Life Insurance
Founded2001
Head QuartersNavi Mumbai, India
Products OfferedIndividual & Group Insurance Plans
No. of Policy Holders10 Million

When it comes to life insurance companies in the private sector, Reliance Nippon Life Insurance Company is a major stakeholder. With a claim settlement ratio that is more than 95%, the company has a stronghold all over the country. A part of Reliance Capital, there are now 700+ Reliance life insurance offices that provide insurance solutions to millions of people. If you too are looking for to an insurance plan that suits you, read on.

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A wide range of insurance plans is offered by Reliance. From education plans for children to medical check-ups, from retirements plans to term plans, Reliance supports you to plan all your finances. In this article, we will get to know about the various plans offered by Reliance.

Reliance Nippon Life Insurance Company Ltd Plan

It is everyone’s dream to ensure that their family is well looked after not just in their presence but even after they are gone. Reliance Life Insurance Plans let you do just that. A high sum assured is offered to the customers that too at reasonable rates. There are various plans and policies that allow you to tailor-make your insurance. Let us have a look at some of the Reliance Life Insurance Plans available.

Reliance Nippon Life Insurance Policy Chart

1. Reliance Nippon Life Secure Plan

This is a basic term plan where the sum assured is paid out to the nominee on the death of the insured individual.

2. Reliance Nippon Enhanced Life Secure Plan

With this plan, the sum assured that has been selected by the insured individual will be increased by 5% annually and the nominee will receive the death benefit either on death or on the diagnosis of a critical illness.

3. Reliance Nippon Life & Income Secure Plan

In the event of death or at the diagnosis of a critical illness, the sum assured will be paid along with a monthly payout of 0.5% of the sum assured, which increases at the annual rate of 10%.

4. Reliance Nippon Whole Life Secure Plan

As the name suggests this plan insures you for your entire life. The nominee receives the death benefit as a lump sum amount on death or on the diagnosis of a critical illness.

5. Reliance Nippon Life Milestone Plan

The plan supports your life goals even in your absence. Also, at the time of maturity, you would receive the payout in a lumpsum amount. The plan allows you to enjoy the benefits of tax-free returns.

6. Reliance Nippon Life Prosperity Plus Plan

This policy comes with no charges of Premium Allocation and helps you select the cover of life insurance as per your requirements. You also have the flexibility to choose from 6 different performing funds.

7. Reliance Nippon Life Endowment Plan

Life Endowment Plan is a non-linked, participating, endowment plan that is a disciplined approach that helps you compile your savings over time.

Reliance Nippon Life Insurance Company Ltd Payment

To make an online payment follow the steps given below:

  1. Logon to https://www.reliancenipponlife.com/pay-premium
  2. Enter your Lifeline Customer ID
  3. Enter your password
  4. Select the mode you wish to choose from the options given – i.e through Credit or Debit Card, Net Banking, Mobile Wallet, etc.
  5. Confirm the transaction

Reliance Nippon Life Insurance Company Ltd Claim Status

The process to find out the Reliance Life Insurance Claim Status is easy, just follow the simple steps given below:

  1. Select from the 3 options of:
    • Death Claim Individual
    • Death Claim Group
    • Health Claim
  2. Logon to https://www.reliancenipponlife.com/track-your-claim
  3. Enter your Claim Reference Number or your Policy Number
  4. Enter the Registered Mobile Number
  5. Click Submit

You will then be directed to a page that would display your current claim status.

Reliance Nippon Life Insurance Company Ltd Policy Surrender

Surrendering your life insurance policy is something that must be avoided under all circumstances. However, if there are certain unavoidable circumstances that are forcing you to surrender your policy, you must remember that once you surrender your policy, the action will not be reversed. A policy can be surrendered only after the period of lock-in is over and all other formalities have been duly completed by you. The benefits of the plan will be terminated. You would have to ensure that you understand the withdrawal options.

Generally, if all procedures are followed correctly, then the request is processed within a period of 7 – 10 working days. If you wish to find out the Reliance Life Insurance Policy Surrender Status you may visit the official website and find out the same.

Reliance Nippon Life Insurance Company Ltd Review

Reliance Nippon understands that no amount of money can overcome the loss of a loved one, but having the assurance that even in your absence your family will not be in a financial crisis is a big satisfaction. With Reliance Nippon you are not just securing your family’s future but also generating long term and sustainable funds for them. Depending on your risk appetite, you can invest in the multiple funds available. The company has been a popular name in the Indian Insurance Market thanks to its high settlement ratio. This is one of the many reasons that Reliance Life Insurance Policy fund value is generally on the higher side making it a suitable investment. With over 10 million customers, Reliance Nippon life insurance shareholders, are a part of one of India’s largest insurance companies.

Reliance Customer Care Numbers:

The customer care numbers of Reliance Life Insurance are:

  1. Reliance Life Insurance contact number-022-4882-7000
  2. Reliance toll-free number customer care-1800 200 1100

Conclusion

When you have a family, it becomes imperative for you to ensure that the family members are well looked after, not just when they are with you but also when you are no longer with them. Achieving this goal is possible with the right kind of life insurance plan, which ensures their protection, especially in times of need.

So, do not delay buying an insurance plan any more, just look up the internet for Reliance Life Insurance office near me and opt for the same at your earliest convenience.

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