Term Life Insurance Premium Calculator
Date of Birth
Do you smoke or chew tobacco?
Choose required coverage to secure your family’s future
Why should I opt for a Reliance Nippon Life Insurance Plan?
Reliance Life is one of the leading private insurance providers in India. Reliance Life offers different insurance plans such as Term Insurance, Savings and Investment, Health Insurance and Unit-Linked Insurance plans. The insurance company has featured a high claim settlement ratio of 98.12% in FY 2019-20.
What are the benefits of the renewal of my life insurance with Reliance Nippon Life?
Reliance Nippon Life Insurance offers convenient ways to make renewal payments online and offline. The renewal process for the Reliance Nippon Life Insurance plan is hassle-free.
What is the claim settlement ratio of Reliance Nippon Life Insurance?
Reliance Life Insurance has featured a high claim settlement ratio of 98.12% in the FY 2019-20.
Can the sum assured of my life insurance be increased/decreased in future?
No, the sum assured cannot be increased or decreased after you purchase it.
Does Reliance Nippon Life Insurance offer ‘Riders’?
Reliance Life Insurance offers an option to add additional benefit riders in your insurance plans to enhance the protection from the uncertainty of life.
What happens when the nominee dies or is not mentioned in the policy?
If the claimant or beneficiary of the policyholder’s plan dies or is not mentioned in the scheme, in such a case, the family members of the insured person will be required to produce some type of proof to validate their right to claim the benefit of the policy.
Who is entitled to get the benefit of the claim?
The nominee/beneficiary/assignee is entitled to receive the claim benefits as mentioned by the policyholder at the time of purchasing a policy.
How long does Reliance Life take to settle the claim?
Reliance Life Insurance offers a 10 days easy claim settlement guarantee. Reliance Life Insurance ensures transparency in claim settlement to avoid any possibility of frauds.
Does claim payout qualify for tax deduction?
No, claim payouts do not qualify for tax deductions.
What is a Legal Heir Certificate and what is it needed?
Legal Heir Certificate is issued by the government stating the relationship between the deceased and the heir. When the policyholder passes away and in any case, the nominee is also deceased or not mentioned in the policy then this certificate is used to provide the legal heir with the claim benefits.
Can I change the premium payment frequency of my Reliance Life insurance policy?
Yes, you can request for change in the premium payment frequency on your policy anniversary date by submitting a duly signed request at the Reliance Life Insurance branch office.
How to get a duplicate copy of my policy?
Policyholders can apply for a copy of policy documents by making the payment for getting the duplicate policy documents. Also, they will be required to sign an indemnity.
What is the grace period of Reliance Nippon Life insurance policies?
Reliance Nippon Life Insurance provides a grace period of 30 days for the premium amount due date for quarterly, half-yearly, and yearly mode of premium and 15 days for monthly mode of premium.
Are medical tests necessary while purchasing a life insurance policy?
If the age of an individual is above the minimum age limit prescribed by the insurer, then in such a case, the assured person will need to go through a medical test.
What are the different options available to pay the premium?
Insurance companies give different types of premium payment options such as monthly, quarterly, semi-annually, or annually. Some life insurance plans are also available on the payment of a single premium.
Why should I select the Reliance Nippon Life Insurance plans?
Reliance Life offers a wide range of insurance plans to cater for the requirements of an individual. Reliance has featured a high claim settlement ratio of 98.12% in the FY 2019-20. Reliance Nippon Life insurance plans are very budget-friendly.
Is it safe to purchase a Reliance Nippon Life Insurance policy online?
Purchasing Reliance Nippon life insurance plans online is quite a fast and comfortable process. It needs minimum paperwork which makes the purchase process economical and allows you the facility of real-time tracking. Reliance Life Insurance ensures transparency between its customers and the insurance company itself.
What all plans are offered by Reliance Nippon Life?
Reliance Life offers different insurance plans such as Term Insurance, Savings and Investment, Health Insurance, Retirement Plan, Group Insurance Plan and Unit-Linked Insurance plans.
What is a Term Insurance Plan?
A life insurance plan that provides financial protection and stability to the policyholder’s family in case of unforeseen events. Term insurance plans tend to provide a higher amount of cover at an economical cost of the premium.
What are the benefits of purchasing Reliance Life term Insurance plans?
Reliance Life offers two budget-friendly term insurance plans to cater for the requirements of an individual. Reliance Life term insurance plans offer high life cover at nominal costs.
How can I pay the premium for my Reliance Nippon Life Insurance policy?
Reliance Life Insurance offers various convenient renewal premium payment options a policyholder can choose to pay renewal premium payments online, by cash or cheque or through different payment gateways.
Do Reliance Nippon Life Insurance plans offer Tax Benefits?
Yes, Reliance Life Insurance offers tax benefits under section 80C, section 80D, and section 10(10D) of the taxation law subject to terms and conditions.
Does age affect the premium of a term insurance plan?
Age is considered to be a significant element while calculating the amount of policy premium. The higher the age will be, the higher will be the risk that increases the policy premium to offer adequate protection.
Do personal habits like the consumption of tobacco/alcohol affect the premiums?
Yes, consumption of tobacco or alcohol increases the premium because people who consume tobacco or alcohol are considered people with the high risk involved.
What are the different factors that affect the premium of an insurance plan?
The age, gender, sum assured, job, medical history, type and tenure of the policy, riders and so on, are some factors that determine the premium rate of the Reliance Life Insurance Plans.
Latest News on Reliance Nippon Life Insurance
- Reliance Life Insurance gives an individual the option of adding additional benefit riders to their insurance products to boost their protection against life's uncertainties.Find out some important things on Reliance Nippon Life Term Life Rider.
- Reliance Life Insurance Company's Guaranteed Money Return Plan offers you guaranteed money back benefits at regular periods. You may simply meet your and your family's financial demands with the Reliance Guaranteed Money Back Plan. Aside from a Money Back
- Investments are classified into two kinds based on their duration: short-term investments and long-term investments. Short-term investments are specifically designed to generate significant returns in a short period, which can be a month or a year, to pay
- Reliance Nippon The Life Term Life Insurance Benefit Rider offered by Reliance Nippon is a non-linked as well as non-participating coverage and protection rider. The individual opting for this rider will be entitled to receive the rider’s sum assured as a
- How early you get ready to retire is life once you retire. The choice of the finest plan for your needs and long term financial goals could be difficult but absolutely necessary, but it will lead to a better life after retirement. It is very important and
Why to Buy Life Insurance Policy Online from InsuranceDekho
- Tax benefit upto 1,50,000*
- Claim support everyday 10AM-7PM
- 50 Lacs+ happy customers
Life Insurance News
Reliance Life Insurance gives an individual the option of ad...17 December 2021
Reliance Life Insurance Company's Guaranteed Money Return Pl...02 November 2021
Investments are classified into two kinds based on their dur...29 September 2021
Reliance Nippon The Life Term Life Insurance Benefit Rider o...20 July 2021
How early you get ready to retire is life once you retire. T...14 July 2021
Reliance Nippon Life Insurance User Reviews
Claim Process at Reliance Nippon Life Insurance
Claim IntimationIn the event of the death of the life assured, the insurance company should be intimated as early as possible.
Submission of DocumentsFor easy claim settlement, claim form, original policy document, death certificate and others documents should be submitted on time.
Claim EvaluationAfter successful submission of documents, the insurance company will thoroughly evaluate the claim filed.
Claim SettlementIf claim request is approved, claim is settled within 30 days. In case of additional investigation, claim process may take 120 days.