Reliance Nippon Life Insurance Claim Settlement
Claim Settlement of Reliance Nippon Life Insurance
Reliance Nippon Life follows an easy and quick claim settlement process. Reliance Life has featured a high claim settlement ratio of 98.49% in the FY 2020-21. 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. The policyholder/claimant can request a claim by visiting the Reliance Nippon Life Insurance branch office.
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Claim Process at Reliance Nippon Life Insurance
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FAQs
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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.
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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.
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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.
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Does claim payout qualify for tax deduction?
No, claim payouts do not qualify for tax deductions.
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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.
Reliance Nippon Life Insurance Contact Details
Reliance Nippon Life Insurance
1800-102-1010Mon to Sat 9:00 AM to 6:00 PM