Reliance Nippon Life Insurance Benefits

Reliance Nippon Life Insurance is one of the leading private life insurance companies in India, with ten million+ policyholders. The insurer has a distribution network of 713 offices and has been recognised as India's 5th Most Valuable Insurance Brand in FY 2023 by Brand Finance for its various services and offerings.

• Claim Settlement Ratio: Reliance Nippon Life Insurance achieved a claim settlement ratio of 98.74% for FY 2023-24.
• Solvency Ratio: As of 31 March 2024, the Company maintained a solvency margin of 227% as against the regulatory requirement of 150% by IRDAI.
• Assets Under Management: As of 31st Mar'2024, Reliance Nippon has ₹35,508 Cr Assets under management, which shows the insurer’s financial strength and capability to manage risks.
• Advisors Team: Reliance Nippon has a team of over 61,036 insurance advisors that help individuals select the right plan according to their needs.
• Sum Assured in Force: The company allocated ₹91,720 Cr total sum assured for the financial protection and security of policyholders.

• Wide Range of Product Portfolio: Reliance Nippon offers different types of life insurance plans, such as term insurance, savings, investment, retirement, ULIPs, and child.
• Low Premiums: Generally, the premiums offered by the insurer are quite affordable, especially if you are a non-tobacco consumer with a healthy lifestyle; you’ll get more benefits.
• Guaranteed Returns: Some of Reliance Nippon’s savings and investment plans offer guaranteed returns on policy maturity along with life cover.
• Customisable Plans: Enhance your base policy coverage by adding riders, such as accidental death benefit, critical illness cover, and more.
• Tax Benefits: Enjoy tax benefits of up to Rs. 1.5 lakh u/s 80C and 10(10D) of the Income Tax Act 1961.

Ques 1. What is the claim settlement ratio of Reliance Nippon Life Insurance?

Ans. The claim settlement ratio or CSR of Reliance Nippon Life Insurance is 98.74% for FY 23-24, as per IRDAI.

Ques 2. What is the age limit for Reliance Nippon Life Insurance?

Ans. The minimum age required to buy the life insurance policy is between 18 to 65 years of age.

Ques 3. How can I buy a Reliance Nippon life insurance policy?

Ans. You can buy a Reliance Nippon life insurance policy online via InsuranceDekho.

Ques 4. What are the investment options available with Reliance Nippon Life Insurance?

Ans. Reliance Nippon offers ULIPs that allow you to build wealth while enjoying life cover. You can choose to invest in equity, debt, or balanced funds based on your risk appetite.

Ques 5. How do I make premium payments for my Reliance Nippon Life Insurance policy?

Ans. The insurer offers flexible premium payment options, such as monthly, quarterly, semi-annual, or annual payments.