IndusInd Nippon Life Insurance

Based in Mumbai, IndusInd Nippon Life Insurance operates without interrupting the services it previously provided to the customers of Reliance Nippon Life Insurance, which had been operating for over two decades in the Indian life insurance industry.

IndusInd Nippon Life Insurance - At A Glance!

• High claim settlement ratio of 98.98% in FY25 shows the company’s trustworthiness and transparency.

• There are a number of customisable options across different channels of customer protection, savings & investments and retirement.

• Quality customer service is provided through a wide service network of 713 branches plus 68,000+ advisers across the country.

• IndusInd Nippon Life Insurance has Rs 38,000 crore in assets under management (AUM), which is a good sign of the company’s financial position.

• Shop through their website with hassle-free claim and policy services.

• It has been listed among the top five valuable insurance brands in India by Brand Finance (FY23).

What Are the Types of Plans Offered By IndusInd Nippon Life Insurance

The various life insurance policies in multiple segments offered by IndusInd Nippon Life Insurance, formerly known as Reliance Nippon Life Insurance, are as follows:

IndusInd Nippon Term Insurance Plans

Here are some of IndusInd Nippon Term Insurance plans with their eligibility criteria:

IndusInd Nippon Savings and Investments Plans

IndusInd Nippon ULIP Plans

IndusInd Nippon Retirement Plans

Critical Illnesses Covered Under IndusInd Nippon Life Insurance

IndusInd Nippon Life Insurance provides coverage against critical illnesses and diseases. You can enhance your basic life insurance plan by purchasing a critical illness plan to cover any future health problem which may arise due to illnesses such as cancer, strokes, heart attack, kidney failure and others. In case you are diagnosed with such an illness, it will help you cover any medical expenses associated with your treatment or recovery. Critical illness coverage helps you concentrate on recovery without any concern about the expense of medical treatment.

How Much Life Cover Do I Need?

Choosing a life insurance policy is very crucial when planning for the financial future of your loved ones. Experts say you are supposed to cover an amount that is 15 - 20 times your annual salary. So, if you make 20 lakhs per year, you would need an insurance policy with 4 crores in cover so that your family's lifestyle is not altered even after your demise and all their costs are met. IndusInd Nippon has an HLV calculator on its website. It calculates the life insurance coverage that would be the minimum, and it takes into account your debt, investment and salary so that you can give the maximum to your family.

Why Should You Buy the IndusInd Nippon Life Insurance Plan?

There are some key reasons why you should opt for the IndusInd Nippon Life Insurance policy. These IndusInd Nippon Life Insurance benefits include:

Peace of mind for your loved ones

With the IndusInd Nippon Life Insurance plan, you can ensure that in case of anything happens to you, your family does not have to suffer. It will help meet all their financial needs, such as expenditure, EMIs, school fees, and more that they might face in the future on their own.

Various policies according to stage in life

As not all people need similar insurance, IndusInd Nippon has plans which can suit anyone depending upon what they might require from the insurer. If you need life coverage, savings options, and a lifetime coverage plan, they have one that is suited for you.

Fixed returns on savings plans

If you choose a savings or retirement plan, then there are fixed returns. The payments are made on a regular basis, and they grow and can later be taken either in a lump sum or through an income option.

Affordable premiums

These term insurance products have been designed in such a way that their pricing is suitable for all working professionals. With these, you can secure yourself sufficiently without having to pinch your monthly pocket and save your essential expenses.

Tax advantages

In addition to the advantage of life insurance cover, there are life insurance tax benefits as well in case of these insurance policies. The premium paid towards these life insurances is tax-deductible under Section 80C, while the maturity or death benefit is exempt from tax under Section 10(10D).

How to Buy IndusInd Nippon Term Insurance

To buy an IndusInd Nippon Life Insurance policy online, the following procedure should be followed:

Step 1: Access the Official Website

Go to the official website of IndusInd Nippon Life Insurance and log into your account.

Step 2: Choose a Suitable Plan

Select the suitable life insurance policy according to your financial requirements and policy term.

Step 3: Opt for the Sum Assured

Select the life insurance cover or sum assured according to your preferences.

Step 4: Fill in Your Information

Enter the required personal as well as policy information.

Step 5: Get the Premium

The amount of premium that would be applicable according to your input will appear automatically.

Step 6: Pay the Premium

The premium may be paid using one of the online payment methods, including net banking, credit/debit cards, and so on.

Step 7: Finish the Process

Upon completion of the payment process, your policy issuance process will be initiated.

How to Purchase IndusInd Life Insurance plan through Policybazaar?

One can purchase an IndusInd Nippon Life insurance plan from Policybazaar via the web by comparing the plans and then choosing a suitable one.

Step 1: Visit the Life Insurance on Policybazaar

Step 2: Enter information such as Age, gender, and smoker/non-smoker details are required.

Step 3: Choose the sum assured and policy period.

Step 4: Analyse various plans and calculate premiums.

Step 5: Select the plan and make payment.

Note: Irrespective of the buying channel, customers can use the IndusInd Nippon Life Insurance Calculator before buying a term insurance plan to know an accurate premium cost estimation.

What is the Claim Settlement Process of IndusInd Nippon Life Insurance?

Step 1: Claim Intimation
Intimate the insurer as soon as possible after the death or maturity of the insured. The nominee needs to file the claim form along with other necessary documents.

You can initiate the claim through any of the following channels:

• Visit a Branch: Go to your nearest IndusInd Nippon Life Insurance branch for in-person assistance.

• Email: Send scanned copies of the documents to claims@indusindnipponlife.com

• Courier:
  Claims Department
  Office No. 701 & 702, 7th Floor
  Silver Metropolis, Off Western Express Highway
  Goregaon East, Mumbai – 400063

For any support or queries, you can call 1800 102 3330 or email customerservice@indusindnipponlife.com.

Documents Required
The documents depend on the type of claim:

• For Death Claim, you need to submit the claim form, policy document, death certificate, nominee's ID and bank details.

• For Maturity Claims, you need to submit the claim form, policy document, maturity discharge form, and bank details.

• For Health or Critical Illness Claim, you need to submit tlaim form, policy document, medical reports, hospital bills, and bank details.

Step 2: Claim Processing
Once the documents are submitted, verification will take place. Claims for the death benefit which are eligible and where four or more annual premiums have been paid will be settled within 10 days.

Step 3: Claim Settlement
The claim settlement once it is processed will be done by transferring the money to the bank account of the claimant through NEFT.

How To Contact IndusInd Nippon Life Insurance Company?

To contact IndusInd Nippon Life Insurance, you can:

Call 1800 102 1010 for an accident claim with the toll-free number (Monday to Saturday, 8:00 AM to 8:00 PM). If the inquiries are related to your claim, call 1800 102 3330. Chat with the company using their WhatsApp number +91 72088 52700.

You can also email IndusInd Nippon at customerservice@indusindnipponlife. com for general inquiries, or else go to the website for grievance redressal.

What is the IndusInd Nippon Life Insurance, formerly known as Reliance Nippon Life Insurance Login?

The IndusInd Nippon Life Insurance Login is the digital login system provided by the company through which its policyholders can get access to their insurance policies online. It has been rebranded as IndusInd Nippon Life Insurance.

Using this login service, the user gets the chance to log in to the account through different methods such as policy number, registered mobile number, email ID, or client ID with OTP/password authentication. This provides an opportunity to access all services related to the insurance policy without visiting the office.

After logging in to the system, policyholders can:

• View policy status and coverage information

• Pay premiums or use the quick pay option

• Print out the premium receipt and policy document

• View claims and service requests

• Modify personal information and nominee information

• See the fund performance (in case of ULIP plan)

This login service is available on the customer portal and mobile app of the insurance company.

How to Use the IndusInd Nippon Life Insurance Login?

You can access your account through the updated platform of IndusInd Nippon Life Insurance by following these steps:

Step 1: Visit the official customer login portal
Step 2: Enter your policy number, mobile number, email ID, or client ID
Step 3: Choose login via password or OTP
Step 4: Complete verification and access your dashboard

If you are a new user, you can register using your policy details and create login credentials. Using this login facility, you can also check your IndusInd Nippon Life Insurance policy status in no time.

What Are The Exclusions In IndusInd Nippon Life Insurance?

Here are the exclusions in IndusInd Nippon Life Insurance:

Suicide: If the policyholder commits suicide within 12 months of buying the policy, his/her nominees will not be able to claim the death benefit.

Note: Check all the best term insurance plan in India.

Note: You should also check the benefits of term life insurance if you are planning to purchase the term insurance plan.

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