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Reliance Life Term Insurance Plans

Reliance Nippon Life Insurance is one of the leading private insurers in the Indian Insurance market. With a CSR of 98.8% as of Mar 31, 2024, the company has established itself as one of the most reliable insurers providing 24x7 customer support to its customers. This insurer offers a comprehensive range of plans, including Protection, Savings, Investment, Child, and Pension plans, ensuring all insurance needs are met conveniently in one place.

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The Policybazaar Advantage
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Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
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We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
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The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
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Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
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Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.

What are the Benefits of Buying Reliance Nippon Term Life Insurance?

Reliance Term Life Insurance offers several benefits to ensure a secure future for your loved ones. Here are some key advantages of buying Reliance term insurance plans in India:

  • Financial Protection: Reliance Nippon Term Life Insurance provides a lump sum death benefit to your family in case of your unfortunate demise. This amount can help your loved ones cover their daily expenses, pay off debts, or fund important goals like your children's business endeavours or weddings.

  • Affordable Premiums: Reliance Nippon term life insurance plans have lower premiums compared to other types of life insurance, making them a cost-effective way to secure your family's financial future.

  • Flexible Plans: Reliance Nippon offers various term insurance plans with different coverage options, allowing you to choose a policy that fits your family's needs and budget.

  • Term Insurance Riders: Reliance Nippon term insurance riders are additional benefits that can be added to your base policy. Some examples include accidental death benefits, disability income benefits, and critical illness coverage.

  • Tax Benefits: The premiums you pay for your term life insurance policy may be eligible for tax deductions under Section 80C of the Income Tax Act, helping you save money on taxes.

  • Easy Claim Process: Reliance Nippon strives to make the claim process as smooth and hassle-free as possible for your loved ones during difficult times.

  • Online Policy Management: Reliance Nippon term insurance provides an online portal where you can easily manage your policy, make payments, and update personal information without having to visit a branch or call customer service.

  • Reliable Customer Service: The life insurance company's dedicated customer support team is available to address any queries or concerns you may have regarding your term life insurance policy.

one crore term plan
plus

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 16/day+

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day+

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day+

What are the Different Reliance Nippon Term Insurance Plans in India?

Here is a list of all the different Reliance Nippon term plans available in India 2024:

Eligibility Conditions of Reliance Nippon Life Super Suraksha

Reliance Nippon Term Insurance  Entry Age Maturity Age
Reliance Nippon Life Super Suraksha 18 - 65 years 75 years
Reliance Nippon Life Protection Plus 18 - 60 years Whole life (100 years)
Reliance Nippon Life Saral Jeevan Bima 18 - 65 years 70 years

* You can use the term insurance premium calculator to get an estimate of the premiums you would need to pay for the desired life cover.

Benefits Offered By Reliance Nippon Life Super Suraksha

  1. Reliance Nippon Life Super Suraksha

    • The plan offers financial protection for your family in the event of the policyholder's unfortunate demise

    • You can choose the most suitable plan variant from 5 plan options

    • Add additional riders to enhance the base cover of the policy

    • Around 25 critical illnesses are covered under this plan

    • Claim term insurance tax benefits as per the prevailing tax laws

  2. Reliance Nippon Life Protection Plus

    • The plan offers financial protection for your loved ones at affordable premiums

    • You can customise the cover as per your and your family’s specific needs

    • You can opt to enhance the cover at different milestones in your life by paying additional premiums

    • The plan offers lower premiums for non-tobacco customers for leading a healthy lifestyle

    • You can claim life insurance tax benefits as per the prevailing tax laws u/s 80C

  3. Reliance Nippon Life Saral Jeevan Bima

    • Financial security for your loved ones in the event of your unfortunate demise

    • You can choose to pay the premiums in a single go or for a limited pay termy

    • Tax benefits can be claimed as per the prevailing tax laws

one crore term plan

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Where Can I Buy Reliance Nippon Term Insurance?

  • Online

    The company offers both online plans available only through the website of the company and normal plans available through intermediaries. The customer only needs to log into the company’s website, choose the required plan, choose the coverage and provide the details. The premium will be determined using the filled details. The customer then needs to pay the premium online through credit card, debit card or net banking facilities and the policy will be issued 

  • Intermediaries

    Plans which are not available online can be purchased from agents, brokers, banks, etc. where the intermediaries help with the application process.

Life Insurer Details

How Can I Buy Reliance Nippon Term Life Insurance in India 2024?

Here is how you can buy Reliance Nippon term life insurance in India 2024:

Step 1: Visit the Policybazaar Term insurance page

Step 2: Fill in the required details like name, gender, date of birth, and contact details

Step 3: Select the suitable occupation type, smoking habit, educational qualification, and annual income

Step 4: Choose the Reliance Nippon term plan and proceed to pay

Reliance Life Term Insurance Plans - FAQ

  • Ans: RELIANCE LIFE Insurance offers basic 4 modes of premium payment. They are as follows: 
    • Online- Requires you to login through your client Id and password, select the online medium to pay the premium.
    • IVR method- Call on the toll free number 1800 3000 8181 and follow the instructions. Keep handy details of policy number and date of birth.
    • Pay at Suvidha Center- This helps to locate the nearest branch office wherein payment can be done via cheque or cash.
    • Bill Junction or Bill Desk option- This requires registering oneself in the site and clicking on the Pay Reliance Life Insurance option to authorize the payment. 

    For online payment mode, the policyholder can pay via:

    • Credit Card
    • Debit Card
    • Netbanking facility 

    One can also avail Electronic Clearance System ECS) for paying premium of renewed policies. 

  • Ans: For checking the policy you must register first on e-portal. After generating the password, login to your account. Then click on the ‘Policy Details’ tab to get the status of the desired policy number. 
  • Ans: Renewal of policy can be done by two modes: 
    • Online
    • Electronic Clearance System(ECS) 

    For Online renewal process, login to your account and click on the required renewal tab after selecting the payment mode. Payment can be done via cash, cheque or through net banking. 

    For renewing the policies using Credit Card Mode, fill in the required mandatory form along with photocopy of Credit card. Within a period of 10 days, the credit card information will be registered for renewal process. 

    ECS facility can be availed by filling in the desired form and submitting the required documents. The bank will process the information within 30 days of receipt of the same. In case the premium renewal date falls on a holiday, the amount will be debited on the next working day. 

  • Ans: The company guarantees 12-day claims settlement policy. You must attach the correct documents with the claims form and send it to the nearest branch office in your city. To find the relevant documents for the particular claim, please visit the Claims Overview Section. 

    After receiving the particular documents and completion of the verification process, the cheque will be dispatched to the nearest branch within 3 working days. From there one can collect the cheque after verifying the identity proof. 

  • The policy cancellation process requires the customer to submit a duly filled surrender form along with relevant documents in any branch. Upon receiving and verification of the documents, the policy is deemed cancelled as per bank accounts record.

Premium By Age

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

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Reliance Term Plan Reviews & Ratings

4.7 / 5 (Based on 8 Reviews)
(Showing Newest 8 reviews)
Doodhnath
Uttar Pradesh, July 16, 2024
Affordable Coverage
Policybazaars term plan offers affordable coverage with great benefits. Easy application process, transparent policies. Highly recommend.
Kunal
Gangtok, January 24, 2019
Excellent
I have bought Reliance Nippon Life Term Plan from Reliance Life Insurance. Their customer service is very friendly. The executive on the call explained each and every plan in detail including the features & benefits of the plans and helped me choose the one I was looking for. Their phone officers are ever ready to help and their claim procedure is also really easy to follow. One of my close relatives was able to claim the amount for his father’s term insurance plan within 2-3 days, which is an added advantage.
Jiten
Gwalior, August 26, 2016
Best Plan
My term insurance policy is the best one among all which i bought from reliance life insurance. Policy premium is low and payback returns are pretty much high. Claims are good and procedure to sanctioning it is simple. Online renewal is possible through online portal.
Yashu
Patna, May 16, 2016
Damn Good
Reliance life term insurance plan I have which is very good policy. The policy coverage is high ~89% and the policy premium is low. Good claims and easy procedure to sanctioning it. Fantastic future investment which save tax. Good service facilitate by the executives and staff members. I like my policy.
Aditya
Mumbai, March 07, 2016
Good.
I buy reliance life insurance term policy plan. The policy has low premium but the recovery amount is large. Policy coverage and claims are high with approx. rs.23 L. I have to say that your executives and staff behaviour is really nice. keep up your work guys.
Plan Name: Online Income Protect
Agent Code: BBE05865
HARSHAD
Mumbai, March 01, 2016
Ok Term Plan.
I have reliance life insurance term policy plan. The policy coverage and claims are high as compare to others and even the premiums are low. Service is ultimate with full attention. Around 27L is payback money.
Plan Name: Online Term
Agent Code: BBE05752
Suresh
Hyderabad, February 27, 2016
Perfect
I purchase reliance life insurance term policy plan which is the best from all. Service is quick and claiming process get easy. Policy coverage is high and premium is low. Good work, keep it up.
Plan Name: Online Term
Agent Code: BBE06765
Vidit
Pune, December 20, 2015
Best term plan from reliance life insurance
I just bought a reliance term plan from Policybazaar for 15 years of cover. Taking into account of my work type, I have decided to cover my family atleast for 15 years. The term plan is a perfect solution for me, as it might not give me any amount but can cover my entire family if something happens in between. Thanks to Policybazaar for giving me clear idea and assistance. All the best!
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