Reliance Nippon Life Insurance

RELIANCE NIPPON LIFE INSURANCE

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As of March 31, 2022, the company is one of the largest non-bank-supported private life insurers, with over 10 million policyholders*, a robust distribution network of 713 locations, and 46,538 advisers. The vision is to "be a company people are proud of, trust in, and grow with; giving financial freedom to every person". It has been named one of the top 3 most trusted life insurance service brands by brand equity's most trusted brands survey 2018. with this in mind, Reliance Nippon insurance offers five main sectors for people and groups/corporate entities: protection, child, retirement, saving & investment, and health.

With hard work and dedication, Reliance Life Insurance has won many awards and recognition in recent years. Let us glance at some achievements:

  • Reliance Nippon Life Insurance won Best Energy Efficient Organization at the 6th Edition of CII National Energy Efficiency Circle Competition 2022.
  • The company was ranked India’s 5th most valuable insurance brand in India by Brand Finance.
  • Reliance Nippon Life Insurance company was certified as one of India's top 50 companies by Great Place to Work, 2022.
  • InsureNext Summit & Awards 2022 By Banking Frontiers awarded Reliance Nippon "Best Claim Settlement Award.”

Important Features & Benefits of Reliance Nippon Life Insurance

Buying a life insurance plan is a must, especially knowing the uncertainties of life. You never know what will happen, so being safe and sound is the only way to move forward. Reliance Life Insurance offers many key features that make it a good life insurance company. Let us take a look at some features:

01

Claim Settlement Ratio

The Claim Settlement Ratio (CSR) refers to an insurance provider's ability to settle a raised health insurance claim. According to the IRDAI Annual Report for 2021-22, Reliance Life Insurance has a CSR of 98.7%.

02

Solvency Ratio

A solvency ratio assists a potential buyer in determining the company's ability to manage its short- and long-term responsibilities. According to the IRDAI, every life insurance firm must maintain a solvency ratio of 1.5. According to the most recent IRDAI Report 2020-21, Reliance Life Insurance's Solvency Ratio is 2.45.

03

Equity Share Captial

Every business requires significant operating cash to keep things going smoothly, and this financing is proper when financial constraints hamper the company's regular activities. Reliance Nippo has a share capital of INR 1196.32 Crores.

04

Brand Name of Reliance

We all know the company's presence in India and worldwide. The company has a good face value, and it brings trust with 714 wide networks of offices. The firm provides PAN India presence.

05

Good Customer Service

Reliance Nippon Life Insurance provides excellent customer service to its clients. The knowledgeable crew of specialists is always available to answer inquiries and provide the best service possible.

Life Insurance Plans Offered by Reliance Nippon Life Insurance

Reliance Life Insurance provides online life insurance options. Let us now look at different life insurance plans.

Term Insurance Plans

ULIP Plans

Savings & Investment Plans

Retirement Plans

How to Buy Reliance Nippon Life Insurance

The process of buying life insurance is simple and hassle-free. First, let's look at the Reliance life insurance online buying process.

Buy from "RenewBuy.com"

  • Visit the official site of "RenewBuy".
  • Tap on the "Life Insurance Plan" tab.
  • Select the Best Life insurance Plan.
  • Fill in all the details.
  • Click on "Buy Now".
  • Proceed with the payment.

Buy From the Official Website of Reliance Nippon Insurance

  • Go to the official website of Reliance life insurance.
  • Click on the tab “Life Insurance”
  • Choose the best Life insurance plan for your needs.
  • Enter all the required details.
  • Click on “Buy now”

Claim Settlement Process Online under Reliance Nippon Life Insurance

You only need to submit the necessary paperwork to the closest RNLIC Branch office to register a claim. You can get help from the branch executives anytime during the procedure. You can also send the correctly filled out claim forms and other required documents via courier to The Claims Department, Reliance Nippon Life Insurance Limited, Office Nos. 701 & 702, 7th floor, Silver Metropolis, Off Western Express Highway, Goregaon East, Mumbai - 400063, or email the scanned copies to the above address.

Few Things to Remember:

  • Read the terms and conditions thoroughly.
  • Always keep your contact information up to date.
  • To keep your policy active, pay your premiums on time.
  • Inform your loved ones about your insurance policy and how to file a claim.
  • Understand the specifics of your life insurance to determine what is and is not covered.

Documents Required for the Claim

In Life insurance policies, the following documents are needed to submit a claim:

  • Claim Form
  • Original Reliance life insurance policy document
  • NEFT mandate form signed by bank officials and accompanied by a cancelled check or bank account passbook.
  • Death Certificate issued by Local Authority, Original or Attested
  • Proof of the insured’s current residence.
  • Evidence of insured’s photo ID.

Reliance Nippon Life Insurance Contact Details

If you want to connect with the company, here is important information.

Address : Unit Nos. 401B, 402, 403 & 404, 4th Floor, Inspire-BKC, G Block, BKC Main Road, Bandra Kurla Complex, Bandra East, Mumbai - 400051

Email Address : rnlife.customerservice@relianceada.com

Contact : 1800 102 1010 (Monday to Saturday: 9 am to 6 pm) for Indian nationals. (+91) 022 4882 7000 customers outside of India.

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