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Reliance Nippon Life Insurance

Reliance Nippon Life Insurance is one of India's largest non-banks-supported life insurance companies. Reliance Nippon offers a comprehensive range of life insurance plans that provide a protective shield for your loved ones, ensuring their future is secure and protected against life's uncertainties. Let’s learn more about Reliance Nippon Life Insurance, its benefits and plans.

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What Is Reliance Nippon Life Insurance?

Reliance Nippon Life Insurance is one of the leading insurance companies in the Indian Private Sector. It offers various insurance products such as Protection, Savings & Investments, Retirement, ULIP, NRI and Child Plans to help individuals and families protect their financial future in the event of life's uncertainties. You can check the premiums of Reliance Nippon life insurance plans online.

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+

Why Should You Buy Reliance Nippon Life Insurance Plan?

You should buy the Reliance Nippon Life Insurance plan for the following reasons:

  • Financial Security for Your Loved Ones: Reliance Nippon Life Insurance plans are designed to offer financial protection to your loved ones in the event of your unfortunate death. The payout from the life insurance plans can help your family maintain their lifestyle, cover essential expenses, and even achieve long-term financial goals like education and retirement.

  • Comprehensive Coverage Options: Reliance Nippon offers a wide range of insurance products tailored to suit various life stages and needs. Whether you're looking for pure protection with term insurance, wealth creation through investment-linked plans, or comprehensive coverage with a whole-life policy, Reliance Nippon has you covered. Their diverse portfolio ensures you can find a plan that aligns perfectly with your financial goals and requirements.

  • Guaranteed Returns: Reliance Nippon Life Insurance, particularly Savings and retirement plans, ensures you receive guaranteed returns when your plan matures. As you pay your premiums over time, your savings grow. Upon maturity, you can choose to receive this accumulated amount either as a one-time lump sum or as a regular income.

  • Affordable Premiums: Reliance Nippon Life Insurance offers comprehensive plans, like term insurance plans, at very affordable premiums, so that you can financially secure your loved ones without any hassle. 

  • Tax Benefits: Opting for Reliance Nippon Life Insurance plans can also provide you with tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961. This means you can not only secure your financial future but also enjoy tax advantages while doing so, making Reliance Nippon a smart choice for your insurance needs.

What Are The Various Life Insurance Policies Offered By Reliance Nippon Life Insurance?

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

Plan offered by Nippon India Plan offered by Nippon India

Reliance Nippon Term Insurance Plans

Term Plan Entry Age Maturity Age Sum Assured
Reliance Nippon Life Super Suraksha Plan 18 to 55 years 75 years Rs. 25 Lakhs to No Limit
Reliance Nippon Life Protection Plus Plan 18 to 60 years 75 years Rs. 25 Lakhs to No Limit
Reliance Nippon Life Saral Jeevan Bima Plan 18 to 65 years 70 years Rs. 5 Lakhs to 25 Lakhs
  1. Reliance Nippon Life Super Suraksha Plan

    Here are the key features of Reliance Nippon Life Super Suraksha Plan:

    • Financial security for your family in the event of an untimely demise.

    • Choose from 5 plan variants designed to meet your specific protection needs.

    • Opt for additional riders to enhance your protection coverage.

    • Take advantage of applicable tax benefits as per the Income Tax Act of 1961.

  2. Reliance Nippon Life Protection Plus Plan

    Here are the key features of Reliance Nippon Life Protection Plus Plan:

    • Affordable protection for your loved ones' financial security

    • Customized coverage based on your specific needs

    • Option to enhance your protection at key life milestones with an additional premium

    • Lower premiums available for non-tobacco consumers leading healthy lifestyles

    • Possible tax benefits in accordance with current income tax laws

  3. Reliance Nippon Life Saral Jeevan Bima Plan

    Here are the key features of Reliance Nippon Life Saral Jeevan Bima Plan:

    • Financial security for your loved ones

    • Premium payment flexibility from among yearly, half-yearly or in monthly frequencies

    • Flexibility to pay your premiums once or for a limited period or throughout the policy term

    • Tax benefits may apply as per prevailing income tax laws

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 Reliance Nippon Savings and Investments Plans

Term Plan Entry Age Maturity Age Sum Assured
Nippon Reliance Life Nischit Samrudhi Plus Plan 1 to 55 years 80 years Rs. 3.6 Lakhs to 8.5 Lakhs
Nippon Reliance Life Nischit Bhavishya Plan 5 to 50 years 92 years
Reliance Nippon Life Smart Zindagi Plus Plan 18 to 55 years 85 years minus entry age Rs. 2.5 Lakhs to No Limit
Reliance Nippon Life Super Bachat Plus Suraksha Plan 18 to 50 years 70 years
Reliance Nippon Life Milestone Plan 8 to 60 years 75 years
  1. Nippon Reliance Life Nischit Samrudhi Plus Plan

    Here are the key features of Nippon Reliance Life Nischit Samrudhi Plus Plan:

    • Guaranteed Benefits: Choose between two plans for your financial goals.

      • Income Option: Guaranteed regular income for 17 or 20 years, plus a lump sum maturity benefit.

      • Endowment Option: Maturity benefit in 4 installments for long-term goals.

    • Premium Flexibility: Pay once or for 6-7 years, securing guaranteed benefits.

    • Family Protection: Life cover for the entire policy term.

    • Create a Legacy: Distribute wealth among loved ones with the lump sum maturity benefit.

    • Enhance Protection with Riders.

    • Tax Benefits: Possible advantages as per current tax laws; consult a tax advisor.

  2. Nippon Reliance Life Nischit Bhavishya Plan

    Here are the key features of Nippon Reliance Life Nischit Bhavishya Plan:

    • Two plan variants customized to your needs

    • High death cover during premium payment term

    • Flexibility to pay for 8, 10, or 12 years and enjoy benefits throughout the policy term

    • Increasing benefits to counter rising living costs

    • Enhanced protection with optional riders

    • Tax benefits according to prevailing tax laws

  3. Reliance Nippon Life Smart Zindagi Plus Plan

    Here are the key features of Reliance Nippon Life Smart Zindagi Plus Plan:

    • Family protection with two plan variants

    • Deferred Income Variant: Lumpsum benefit at the end of Premium Payment Term, followed by Cash Bonus for retirement needs.

    • Immediate Income Variant: Immediate Cash Bonus to supplement family income.

    • Bonus flexibility options:

    • Immediate Payout

    • Convert to Paid Up Addition (PUA)

    • Legacy creation through a lumpsum Maturity Benefit.

    • Flexible premium payment for 10, 12, 15, or 20 years.

    • Comprehensive protection with the option to enhance coverage through Riders.

    • Applicable tax benefits under ITA 1961

  4. Reliance Nippon Life Super Bachat Plus Suraksha Plan

    Here are the key features of Reliance Nippon Life Super Bachat Plus Suraksha Plan:

    • Boost family protection with a death cover starting at 2 times or 1.5 times the Base Sum Assured, increasing over the policy term. Choose from two Plan Options.

    • Guaranteed Benefits include Loyalty Additions and Maturity Addition to enhance policy benefits.

    • Maturity Benefit provides a lump sum equal to Sum Assured on Maturity plus Guaranteed Loyalty Additions.

    • Applicable tax benefits under ITA 1961.

  5. Reliance Nippon Life Milestone Plan

    Here are the key features of Reliance Nippon Life Milestone Plan:

    • Lump sum savings at maturity for financial goals.

    • Waiver of Premium Benefit for continued protection.

    • Settlement Option for converting maturity payout into regular income.

    • Accrued bonus from the first year to boost savings.

    • Flexible premium payment terms of 5, 7, 10, or 15 years.

    • Additional protection with riders available.

    • Tax benefits as per applicable income tax laws.

 Reliance Nippon ULIP Plans

Term Plan Entry Age Maturity Age Sum Assured
Reliance Nippon Life Smart Savings Insurance Plan 1 to 60 years 70 years Multiple of Annualized Premium (AP)
Reliance Nippon Life Prosperity Plus Plan 1 to 60 years 70 years For Regular/Limited Pay: Maximum Base Sum Assured as a multiple of Annualised Premium (AP): 30
For Single Pay: Maximum Base Sum Assured as a multiple of Annualised Premium (AP): 10
Reliance Nippon Life Premier Wealth Insurance Plan 30 days to 60 years 70 years For Regular/Limited Pay: Maximum Base Sum Assured as a multiple of Annualised Premium (AP): 30
For Single Pay: Maximum Base Sum Assured as a multiple of Annualised Premium (AP): 1.25
Reliance Nippon Life Classic Plan II 7 to 60 years 75 years
  1. Reliance Nippon Life Smart Savings Insurance Plan

    Here are the key features of Reliance Nippon Life Smart Savings Insurance Plan:

    • Choose between 2 Plan Options:

      • Self-Managed Option: Directly control your investments.

      • Auto-Managed Option:

        • Target Maturity Option: Tailored solution with automatic asset allocation.

        • Life-Stage Option: Balance equity and debt based on life-stage.

    • Family Protection: Ensure at least seven times the Annualized Premium as life insurance cover throughout the Policy Term.

    • High Rewards:

      • Reduced charges for higher premium amounts.

      • Loyalty additions for choosing longer payment terms.

      • Boost fund value with Wealth Boosters over the long term.

    • Flexible Premium Payment: Customize payments for 5, 7, 10 years, or the entire Policy Term.

    • Liquidity: Address emergency fund needs through partial withdrawals.

  2. Reliance Nippon Life Prosperity Plus Plan

    Here are the key features of Reliance Nippon Life Prosperity Plus Plan:

    • Choose between 5 Plan Options:

      • Self-Managed Option: Directly control your investments.

      • Systematic Transfer Plan (STP): Manage volatility in equity markets.

      • Auto-Managed Option:

        • Target Maturity Option: Automatic asset allocation based on goal timeframe.

        • Life-Stage Option: Balance equity and debt based on life-stage.

      • Trigger Portfolio Option: Safely book potential gains with desired fund allocation.

      • Systematic Withdrawal Option: Access accumulated wealth as needed.

    • Minimal Charge Structure: No premium allocation charges and policy administration charge return at maturity.

    • Loyalty Additions: Boost your fund with Loyalty Additions after the 6th policy year until one year before maturity.

    • Return of Policy Administration Charges^: Total policy administration charges returned at maturity.

    • Premium Payment Flexibility: Customize payments - one-time, or for 5, 10, 15 years, or the entire policy term.

  3. Reliance Nippon Life Premier Wealth Insurance Plan

    Here are the key features of Reliance Nippon Life Premier Wealth Insurance Plan:

    • Optimize wealth management and value in one plan.

    • Switch between active and auto-manage investing styles.

    • Earn rewards for long-term investment with wealth boosters.

    • Access investments in emergencies.

    • Enjoy tax benefits in line with prevailing tax laws.

  4. Reliance Nippon Life Classic Plan II

    Here are the key features of Reliance Nippon Life Classic Plan II:

    • Take control of your investments.

    • Safeguard your investment with life cover.

    • Flexible fund switching at your convenience.

    • Pay premiums according to your preference.

    • Enjoy tax benefits in accordance with current tax laws.

Reliance Nippon Retirement Plans

Term Plan Entry Age Maturity Age Sum Assured
Reliance Nippon Life Immediate Annuity Plan 20 to 80 years 80 years
Reliance Nippon Life Smart Pension Plan 18 to 65 years 75 years
Reliance Nippon Life Saral Pension Plan 40 to 80 years Whole Life
  1. Reliance Nippon Life Immediate Annuity Plan

    Here are the key features of Reliance Nippon Life Immediate Annuity Plan:

    • Select a one-time lump sum amount for plan purchase.

    • Choose from 3 annuity payout options.

    • Flexible annuity payout modes: Monthly, Quarterly, Half-yearly, or Annually from the purchase date.

    • No medical tests required.

  2. Reliance Nippon Life Smart Pension Plan

    Here are the key features of Reliance Nippon Life Smart Pension Plan:

    • Build a retirement corpus for your golden years.

    • Set your retirement age.

    • Live independently and secure regular lifetime income.

    • Enjoy applicable tax benefits.

  3. Reliance Nippon Life Saral Pension Plan

    Here are the key features of Reliance Nippon Life Saral Pension Plan:

    • Secure guaranteed lifetime income by paying once.

    • Flexible annuity payout options: monthly, quarterly, half-yearly, or yearly.

    • Choose from two Annuity options:

      • Life Annuity with Return of 100% of Purchase Price (ROP): Lifetime income with Purchase Price returned to nominee on death.

      • Joint Life Last Survivor Annuity with Return of 100% of Purchase Price (ROP): Lifetime income for either you or your spouse, with Purchase Price returned to the nominee on the death of the last survivor.

    • Option to surrender the policy in case of specified critical illnesses.

    • Access a loan after 6 months from the plan's commencement.

    • Potential tax benefits as per prevailing income tax laws.

 Reliance Nippon Child Plans

Term Plan Entry Age Maturity Age Sum Assured
Reliance Nippon Life Milestone Plan 8 to 60 years 75 years
Reliance Nippon Life Guaranteed Money Back Plan 18 to 60 years 75 years Rs. 50 Thousand to No Limit
  1. Reliance Nippon Life Milestone Plan

    Here are the key features of Reliance Nippon Life Milestone Plan:

    • Lump sum savings at maturity for financial goals.

    • Waiver of Premium Benefit for continued protection.

    • Settlement Option for converting maturity payout into regular income.

    • Accrued bonus from the first year to boost savings.

    • Flexible premium payment terms of 5, 7, 10, or 15 years.

    • Additional protection with riders available.

    • Tax benefits as per applicable income tax laws.

  2. Reliance Nippon Life Guaranteed Money Back Plan

    Here are the key features of Reliance Nippon Life Guaranteed Money Back Plan:

    • Annual Guaranteed Money Back benefits in the last five policy years.

    • Guaranteed Loyalty Additions up to 40% of the base Sum Assured.

    • Guaranteed Maturity Addition up to 20% of the base Sum Assured.

    • On death, 100% of the base Sum Assured is paid, along with money-back benefits and maturity benefits at specified times.

    • Additional Sum Assured up to ₹50 Lacs payable on accidental deaths.

    • Optional rider benefits available to enhance protection cover.

How To Buy Reliance Nippon Life Insurance From Policybazaar?

Here are the steps to buy Reliance Nippon Life Insurance from Policybazaar:

Step 1: Visit the official Policybazaar website and go to the Term Insurance section.

Step 2: Provide your name, contact details, gender, and date of birth.

Step 3: Enter the information regarding your job type, yearly income, educational qualifications, and smoking/tobacco consumption habits.

Step 4: Choose Reliance Nippon term plan from the list of term insurance plans that appears.

Step 5: Pay using your preferred mode to complete the process.

What Are The Exclusions In Reliance Nippon Life Insurance?

Here are the exclusions in the Reliance 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.



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Reliance Nippon Life Insurance Reviews & Ratings

4.1 / 5 (Based on 61 Reviews)
(Showing Newest 10 reviews)
Ratnesh
Thethaitanger, March 20, 2019
Affordable Insurance
Over the time, Reliance has been the best choice of people when it comes to insurance. I was also planning to go for Reliance Life Insurance, I finally went for the same after I got a complete detailing and affordable price from Policybazaar.
Raj
Arsikere, March 20, 2019
Quick claim settlement
I was looking for a good insurance plans which will cover quick claim settlement. It give guarantee of 12 day claims settlement policy.
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.
Mayank
Agartala, August 26, 2016
ULIP Policy Plan
Reliance life insurance company is trustworthy insurers from very long time. I took ulip insurance policy from them in very low premiums. Service facilitated is fabulous and on time. Quality investment and it reduces tax too.
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.
Ritesh
Dwarka, August 26, 2016
Retirement policy
The pension plan from reliance life insurance company ltd. is awesome with large number of benefits. Policy coverage is high ~90% and the claims are big. Service provided by you is fast which reduces waiting time. Updates are also mailed about insurance policy.
Bhasker
Raj_nagar, July 26, 2016
Pension Plan
Service is fantastic provided by you guys. I'm fully satisfied with your services and the plan is awesome i.e., reliance retirement fund. Policy coverage is high and claims are even better and easy to sanctioned. The policy covers maximum expenditures.
Abhishek
Bengaluru, July 26, 2016
Coverage Is Good
My future is secure with reliance retirement fund. The returns are very much high as compared to premiums. Good service facilitate by the company members. Updates are mailed daily to email address and renewals are done easily on online portal.
Mayank
Kaushambi, July 26, 2016
Investment plan
Reliance life insurance is the best insurers to buy the traditional plan because you guys provide the best deal in less investments. Policy coverage is huge and claims are easy to sanctioned by the help of the executives and staff members of the company.
Karan
Dhampur, July 26, 2016
Reliance child plan
The child insurance policy which i have buy for my son is very good with many benefits. Reliance life insurance provides the best services which is fast and on time. Perfect claiming process and coverage is high approx. 90%.
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