Reliance Nippon Life Insurance Online Payment

Among the multiple private-sector financial service providers in India, Reliance Nippon Life Insurance Co. Ltd. is an integral part of Reliance Capital that provides diversified products and offerings under its umbrella of life insurance. The company supports a wide range of digital offerings to ease customer interaction.

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** Discount is offered by the insurance company as approved by IRDAI for the product under File & Use guidelines

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Using the Reliance Nippon Life Insurance Online Payment options that are available online, customers can enjoy easily accessible payment options to renew the premium conveniently from anywhere in the world.

Steps to Pay Reliance Nippon Life Insurance Premiums Online

Policyholders can now easily renew their premium online by following a few steps and having a good internet connection from their phone or laptop or any other digital devices.

  • In case of a registered user, one can login with the user id and password.
  • Register on the Reliance Nippon website in case of a new user.
  • Click on the pay premium button.
  • The policyholder has to select the policy that is due for payment by entering the policy number and their date of birth and clicking on the ‘Submit’ button.
  • There is an option for selection from the various payment modes available such as Net Banking, Debit or Credit Card, eCard, or any Mobile Wallet, to process instant Premium payments.
  • Alternatively, one can pay via bill desk or bill junction, which is a secure third-party payment gateway provider, by logging on to the Billdesk website.
  • Here the policyholder needs to register themselves online in these portals.
  • No registration is required for existing registered Bill desk users.
  • Choose Reliance Nippon Life Insurance as a Biller under the category of life insurance.
  • Finally, after enrolling in policy, one can initiate a premium payment.
  • Authorize the payment and complete the process and one can download the receipt.
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Benefits of Using Online Payment Process

Customers can easily access the Reliance Nippon Life Insurance Online Payment. They can readily find out how it is a more preferred and convenient option due to the plethora of benefits this brings in. 

  • Safe and Secured – The options available for online transactions are end-to-end encrypted payment options that ensure ease of use and secured operation. One need not have to worry about fraud and he/she can get a transaction reference and receipt after the payment.
  • Accessibility – This denotes the convenience aspect while using these payment modes. All you need is a working internet connection on your computer or mobile device to use any of these options and perform a digital transaction from the comfort of your home.
  • Availability – There is wide availability and acceptance of the digital modes of payment. New players in the mobile wallet and ecard space make it accessible for every customer to help using online payment options.
  • Associated Costs – With many players in the market that offer digital transactions, there are a lot of discounts, offers, and transactions with service charges waived off. This promotes the use of digital transactions, assuring safety and convenience for no added cost. The customers also benefit from using these modes of payment.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Difference Between Online and Offline Payment Process

Reliance Nippon Life Insurance Online Payment for all your transaction has the edge over the outdated offline process. Here the customers start the user flow at the insurer’s website and are redirected by the payment gateway to complete payment through tried and tested means. The customer, based on his chosen payment platform, will need to authenticate and validate themselves using their authorized mobile number or email id and answering any security questions set. When the transaction is deemed authentic, the payment completes, and the money is debited from the customer's bank account or prepaid mobile wallet and transferred to the insurer.

The offline payment option is not completely scrapped, but it can still happen through the various branches, which can be located with the help of the branch locator tool available on the website. This can help you identify your nearest outlet and visit that for the transaction. This is a time-consuming process with travel involved, waiting in a queue, and payment of cash or cheque. Also, the branches are open only for a specific duration of the day and not available 24x7, like online payment options.

In the offline payment option, apart from the walk-in to branches of partner banks, we also have ITZ cash outlets, CSC (Customer Service Centre) outlets, and Suvidha outlets. The state government enables the CSC outlets with broadband-enabled services for rural people who have limited access to digital transactions. 

Here the customers can pay the premium with cash and collect the receipt. Payment through any of these outlets would need you to provide the policy number and cash to the concerned retailer and obtain a payment receipt. There is also an outlet locator option on the website to help you determine the nearest outlet to avail of these services if the offline mode is preferred.

Why buy Term Insurance early?

Your premium is decided on age at which you buy the policy and remains same, throughout your life

Premiums can increase between 4-8% each year after your Birthday

Your policy application could be rejected or premiums increase by 50-100%, if you develop a lifestyle disease

See how age affects Term Insurance Premiums
See how age affects Term Insurance Premiums
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Information Required for Online Payment

When the Reliance Nippon Life Insurance Online Payment is completed via NEFT or RTGS, then there is a time window that one needs to be mindful of as mandated by RBI. If one does the transaction outside the scheduled time window, this will be delayed and carried out on the next working day.

The most important information one needs to keep handy to complete the online payment process is one’s policy number, insurer name, and date of the proposer. With the help of this information, one can accurately locate one’s policy details, verify the premium amount and initiate the online transaction.

  • While entering the payment gateway, one needs to keep the registered mobile number or email id handy. An OPT will be sent to the registered mobile number or email ID. This is important to avoid any fraudulent use of one’s digital cards or wallets by unauthorized people.
  • Also, if one is using a debit or credit card, he/she needs to have the card handy to put in the card number, CVV code, and the expiry month and year on the card to ensure that the transaction is happened successfully.
  • Also, one can use the advance payment option to pay the premium in advance or use the ECS option to automatically mandate the insurer to debit the amount on the due date. In this case, one needs to provide the account details along with the bank and branch code.
  • Ensure that the policy is active as the insurer cannot pay for inactive policies.
  • After the transaction is completed, the customer can generate the premium receipt and transaction reference that needs to be downloaded as a digital certificate.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

FAQ's

  • Q1. Can I pay the premium with the help of a Paytm wallet?

    Ans: Yes. Paying premiums with Paytm has got more convenient and is one of the multiple online payment modes of the premium payment that is available today. Reliance Nippon Life Insurance Online Payment has tied up with Paytm in this regard.
  • Q2. What details do I need to pay premium via Billdesk?

    Ans: Policy number and the date of birth of the proposer are the only information that is required to pay for Reliance Nippon Life Insurance Online Payment using Billdesk.
  • Q3. Is the RuPay card accepted and a valid payment option?

    Ans: Both debit and credit cards are accepted. MasterCard, VISA, American Express, and RuPay are valid and can be used for Reliance Nippon Life Insurance Online Payment.
  • Q4. What is a mobile wallet?

    Ans: It is a payment service enabled for individuals to use any mobile device to transact money. These are virtual wallets that store card details and help the secure transfer of funds.
  • Q5. Is the security of online payment assured?

    Ans: Reliance Nippon Life Insurance Online Payment ensures that their website and payment gateway integration are secure and encrypted. Thereby all customers can be assured that they can safely transact in this space.
  • Q6. Will the online transaction incur any additional cost?

    Ans: All online transactions using any of the approved payment mechanism is free of any additional cost. In a few cases, a negligible service fee may be charged by the service provider as a service fee.
  • Q7. What is ECS?

    Ans: Electronic Clearance Systems is a facility to renew your premium according to the frequency of your policy directly from your bank account. This facility is available with Reliance Nippon Life Insurance Online Payment and ensures hassle-free renewal.
  • Q8. How can I register for eNACH?

    Ans: National Automated Clearing House (NACH) utilizes the services of NPCI to ensure future collection through secured and assured mandates. The customer needs to click on the eNACH registration option in the Reliance Nippon Life Insurance Online Payment website and provide details like policy number, IFSC code, MICR code, Bank name, Account number, and preferred debit date.
  • Q9. Is IVR payment allowed?

    Ans: Yes. The toll-free number that is found on the Reliance Nippon Life Insurance Online Payment website can be dialed to get detailed instructions to renew your policy by paying a premium through your credit card. Policy number and date of birth of the policyholder are required to complete the process via IVR.
Written By: PolicyBazaar
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