Compare & Buy Car, Bike and Health Insurance Online - InsuranceDekho
Claim, renew, manage & moreLogin
Hurry Up!
Save upto ₹54,600 in taxes under 80C & 80D. Buy a term insurance plan now!
View Plans

Reliance Nippon Life Insurance T&Cs

150 reviews Rate This
Claim Settlement Ratio98.49%
Customer Care9:00 AM to 6:00 PM
Death Benefit Paid For7,866 Policies
Presence713 Branches
Total Death Benefit PaidRs. 157.03 Crore

Term Life Insurance Premium Calculator


  • Male
  • Female

Date of Birth


Do you smoke or chew tobacco?

  • Yes
  • No

Choose required coverage to secure your family’s future

Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

Reliance Nippon Life Insurance Life T&Cs

The terms and conditions of Reliance Nippon Life Insurance policy are as discussed below:

1. Free Look Period: Reliance Life Insurance offers a free look period of 15 days where the policyholder has an option to review the policy. The policyholders are allowed to cancel the insurance policy if they find its terms and conditions not in accordance with their choice. The policyholder needs to provide appropriate reasons for cancelling the insurance policy within 15 days of receiving the policy documents.

2. Payment of Premiums: It is necessary for a policyholder to pay premiums regularly for the entire premium term as mentioned in the policy. Reliance Life Insurance offers various convenient renewal premium payment options for the ease of every individual policyholder. A policyholder can select a payment gateway from many available such as cash, cheque, online and so on.

3. Grace Period: Reliance Life Insurance offers a 30 days grace period for premium payments after the due date. If the policyholder fails to pay the premium within the provided grace period the policy will lapse and the policyholder will not be able to avail of the benefits provided with the insurance policy.

4. Revival of Policy: Reliance Life Insurance policies can be revived within the 2 years of policy lapse. The policy can be revived by paying due premiums with the current rate of interest. Rate of interest changes from time to time.

5. Tax Benefits: Premiums paid for Reliance Life Insurance policies are eligible for tax deductions as per applicable tax laws and conditions. The policyholder can gain such tax benefits on the premium amount paid which will be subject to the tax laws prevailing in the country.

6. Nomination: The policyholders are allowed to make a nomination for insurance claim any time during the policy term so that the payment related to benefits are given to the nominee at the time of the unforeseen demise of the policyholder.

7. Proof of Age: The age of the policyholder is acknowledged on the basis of age mentioned in the proposal of the issued insurance policy. The policy will be cancelled if the policyholder’s age is found to be different from the mentioned age in the proposal form of the insurance plan. The insurance company is entitled to adjust the premium amount to recover the balance amount.

8. Suicide: If the policyholder commits suicide within 12 months of issuance/renewal of the policy, Reliance Life Insurance will pay 80% of the total premium paid to the beneficiary.

9. Fraud: Fraud, forfeiture, Misrepresentation would be followed within accordance with provisions of Sec 45 of the Insurance Act 1938 as amended from time to time. In case of any fraud or misrepresentation, the policy is cancelled immediately by paying surrender value.

10. Loss of Original Policy: If the original policy document is lost or destroyed in any case then the policyholder needs to make a request to Reliance Life Insurance to issue a copy of the policy documents. In this case, the insurer investigates to confirm as the original policy document is destroyed or lost. The duplicate policy document is issued by the insurance company with an endorsement that states that it was issued again after the loss of the original documents.

11. Loan: Loans are not applicable under Reliance Life Insurance policies.

12. Death Benefit: At the time of unforeseen death of the policyholder during the policy tenure death benefit equal to the total sum assured amount is paid to the claimant. In the event of accidental death, the total sum assured amount and an additional amount equivalent to the sum assured will be paid to the claimant. The additional amount equivalent to the sum assured will not exceed Rs 1 Crore.

13. Laws and Jurisdiction: The policy shall be governed by the laws of India. All actions and procedures taken under this policy are subject to the jurisdiction of the court whose jurisdiction the company is registered under.

14. Incontestability: If in any case the terms and conditions mentioned in the policy documents conflict/contradict from the terms and conditions mentioned in the sales brochure or marketing material then the terms and conditions mentioned in the policy shall be considered over any other terms and conditions.

Latest News on Reliance Nippon Life Insurance

  • Understanding The Features & Benefits Of Reliance Nippon Life Term Life Rider

    Understanding The Features & Benefits Of Reliance Nippon Life Term Life Rider

    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.
    By Yamini Sharma17 Dec 2021
  • Reliance Guaranteed Money Back Plan

    Reliance Guaranteed Money Back Plan

    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
    By Yamini Sharma02 Nov 2021
  • Best Short Term Money Back Policies In 2023

    Best Short Term Money Back Policies In 2023

    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
    By KANIKA WADHWA29 Sep 2021
  • All About Reliance Nippon Life Term Life Rider

    All About Reliance Nippon Life Term Life Rider

    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
    By Yamini Sharma20 Jul 2021
  • What Are The Different Types of Retirement Insurance Plans?

    What Are The Different Types of Retirement Insurance Plans?

    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
    By Shrida Gulati14 Jul 2021
Must BuyMust Buy

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 Nippon Life Insurance User Reviews

Write your review
What users are saying
  • All
  • InsuranceDekho is a trustworthy partner in securing my family's financial future. I'm glad I chose the Relianc...

    Read More
    Reliance Nippon
    By Kanika Tandon
    On: Nov 03, 2023
  • The entire process, from getting a quote to purchasing the Reliance Nippon Insurance Policy, was quick and eff...

    Read More
    Reliance Nippon
    By Vrinda Veera
    On: Oct 30, 2023
  • Managing my Reliance Nippon Insurance Policy with InsuranceDekho is a breeze thanks to their user-friendly onl...

    Read More
    Reliance Nippon
    By Navjyot Brar
    On: Oct 12, 2023
  • What sets InsuranceDekho apart is their willingness to go the extra mile. They made sure I had all the informa...

    Read More
    Reliance Nippon
    By Khushboo Bhatt
    On: Sep 27, 2023
  • InsuranceDekho's Reliance Nippon Insurance Policy has been an integral part of my long-term financial planning...

    Read More
    Reliance Nippon
    By Poonam Garg
    On: Sep 14, 2023

Claim Process at Reliance Nippon Life Insurance

  • 1

    Claim Intimation

    In the event of the death of the life assured, the insurance company should be intimated as early as possible.
  • 2

    Submission of Documents

    For easy claim settlement, claim form, original policy document, death certificate and others documents should be submitted on time.
  • 3

    Claim Evaluation

    After successful submission of documents, the insurance company will thoroughly evaluate the claim filed.
  • 4

    Claim Settlement

    If claim request is approved, claim is settled within 30 days. In case of additional investigation, claim process may take 120 days.

Best Insurance Advisors in Your City.

Reliance Nippon Life Insurance Contact Details

Reach us for help anytime
Find the right Reliance Nippon Life Insurance for you
By clicking, I agree to *terms & conditions  and privacy policy.