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Reliance Nippon Life Insurance

  • We make it easy and simple to buy online policies
  • Expert advice to ensure your well informed decision
  • Save up to 50% get the apt cover for you
  • Free tax planning & genuine advise on right cover
  • Dedicated claim assistance desk

Reliance Nippon Life Insurance

Overview
Reliance Nippon Life Insurance Company, commonly known as Reliance Life Insurance Company is a joint venture between the Reliance Group and Nippon Life Insurance, Japan's largest private life insurer. Nippon Life increased its stake in Reliance Life from 26% to 49%, subsequent to the receipt of all regulatory approval in FY 2016. Reliance Life Insurance is today rated amongst the Top 4 Most Trusted Life Insurance Service Brands by Brand Equity‘s Most Trusted Brands Survey 2016. As per the figures on March 2017, Reliance Life Insurance with its 10 million plus policyholders and a distribution network of over 700 branches with over 75,000 advisors is one of the most popular private insurers in India.

Achievements
  • Winner at Indian Insurance Awards, 2011, 2012 & 2013 for the "Best Non-Urban Coverage" in the Life Insurance Category
  • Silver at the Indian Digital Media Awards, 2012 in the ‘Best Integrated Campaign for Social Cause’ category for the ‘Boundaries for Books’ Campaign
  • Gold at the Excellence in Radio Awards, 2014 in the ‘Best CSR Initiative’ category for the ‘Greatest Fan’ campaign
  • Awarded the 'Business Continuity Team of the Year' award by Business Continuity Institute, UK
  • Bronze in Effies, 2015 in the "Digital: Online/Mobile Communication" Category for the 'Greatest Fan' campaign
  • Best Website: awarded Website Of The Year Awards, 2014- Reliancelife.com is voted as the Best Website in 'Insurance Category'
  • Voted the top 3 Most Trusted Life Insurance Brand in the Brand Equity - Most Trusted Brands Survey, 2015 and Voted as one of the 'Most Trusted Brands' in Life Insurance Category in 2015.
Key Highlights of Reliance Nippon Life Insurance
  • Private insurer with top Claim Settlement Ratio in the industry at 95.21% as of March 31, 2017
  • Top 4 Most Trusted Life Insurance Service Brands by Brand Equity‘s Most Trusted Brands Survey 2016
  • 700 branches and over 75,000 advisors as on March 31, 2017
  • Private insurer with top Claim Settlement Ratio in the industry at 95.21% as of March 31, 2017
Reliance Nippon Life Insurance at a glance
  • Leading private sector life insurance companies in India in terms of individual WRP (weighted received premium) and new business WRP.
  • Life cover of Rs. 1 Crore life cover for just Rs. 15 per day

Documentation needed to apply for Reliance Nippon Life Insurance
  • Age proof - (Any One)
    Driving License, Passport, Voter ID Card, Birth Certificate, etc
  • Identity proof – (Any One)
    Driving License, Passport, Voter ID card, PAN Card, Aadhar Card, or any document which proves citizenship
  • Income proof
  • Address proof – (Any One)
    Driving License, Passport and Utility Bill should clearly mention the permanent address
  • Income proof – (Any One)
    Salary Slip, Form 16, ITR
  • Recent passport size photograph

Reliance Nippon Life Term Insurance Plans
  • Reliance Nippon Life Online Income Protect: An online term plan offering lump sum death benefits along with providing your family with a regular monthly income.
  • Reliance Nippon Life Online Term Plan: A pure term insurance plan offering a life cover of Rs. 1 Crore life cover for just Rs. 15 per day. The plan offers comprehensive life protection at an affordable cost.
  • Reliance Nippon Life Term Plan: A term insurance plan offering insurance cover at an affordable premium as well as tax benefits as per applicable tax laws.

1: Reliance Nippon Life Online Income Protect: A non-linked, non-participating, term insurance plan. The plan provides a lump sum payout as death benefit offering financial protection at affordable rates.

Advantages and benefits
  • Lump sum payout to cover your liabilities
  • Regular monthly income to protect your family's lifestyle
  • Income tax benefits available as per applicable tax laws
Features Description
Age of entry (years) 18-55 years
Maturity Age (years) 28-75 years
Policy term (years) 10,15,20,25,30,35 years
Premium Payment Term (PPT) Equal to policy term
Base Sum Assured Rs. 35,00,000
Annual Premium Rs. 3500
Premium Payment Mode Annual

2: Reliance Nippon Life Online Term Plan: An online non-linked, non-participating, term insurance plan. The plan offers comprehensive life protection at an affordable cost with adequate cover based on your life-stage and liabilities.

Advantages and benefits
  • Flexibility to decide protection cover based on your needs
  • 1 Crore life cover for just Rs. 15 per day
  • Complete financial protection at an affordable cost
  • Rewards for healthy life style through lower premiums
Features Description
Age of entry (years) 18-55 years
Maturity Age (years) 28-75 years
Policy term (years) 10,15,20,25,30,35 years
Premium Payment Term (PPT) Equal to policy term
Base Sum Assured Rs. 25,00,000
Annual Premium Rs. 3500
Premium Payment Mode Annual

3: Reliance Nippon Life Term Plan: A non-linked, non-participating, term insurance plan. The plan offers a large life insurance cover, at an affordable premium with an option to enhance your protection through optional riders.

Advantages and benefits
  • Option to choose adequate protection cover based on your needs
  • Insurance cover at an affordable premium
Features Description
Age of entry (years) 21-60 years
Maturity Age (years) 26-65 years
Policy term (years) 5 to 30 years
Premium Payment Term (PPT) Equal to policy term
Base Sum Assured Rs. 5,00,000
Annual Premium Rs. 2000
Premium Payment Mode Yearly, Half-yearly or Quarterly mode