Compare Reliance Term Insurance Plans

Reliance-Nippon-Life-Insurance-Company

Reliance Nippon Life Insurance Company

Reliance Nippon Life Insurance (Reliance Nippon Life) is one of the leading life insurance companies in the private sector in India. A joint venture between the renowned Reliance Capital and Japan’s Nippon Life Insurance Company, this life insurer has been serving 10 million customers, with the help of a powerful distribution network of over 800 branches and over 1,00,000 advisors. With more than 20 best-in-class products in its portfolio, it caters to the varied financial goals and protection requirements of its policyholders, and helps them to build a worry-free future for their entire family.

Reliance Nippon Life Term Plans

Reliance Nippon Life Term Plans offer easy means of availing protection against the unknown & unfavourable phases of life. They come with a simple life cover option, without any investment component, and ensure that your family receives a guaranteed amount, in case something happens to you. With no upper ceiling on the sum assured, these plans are available at low cost premiums, and guarantee the required financial support to your loved ones, when it is needed the most.

Term Plans:
Term Plans are considered as the most simplest and affordable means of ensuring protection against unforeseen circumstances. By paying small premium amounts, you can opt for a coverage, which would be sufficient for your family to cover the liabilities and meet the daily expenses, even in your absence.

 

Common Features of Reliance Nippon Life Term Plans

  • Simple non-linked plans with affordable premiums
  • No limit on maximum Sum Assured
  • Death Benefits in case of death of insured, but no benefits receivable at the time of policy maturity
  • Income Tax Benefits
  • List of Different Term Plans Offered By Reliance Nippon Life Insurance Company, With Features, Benefits And Eligibility

    Reliance Nippon Life Term Plan

    Features:

    • A simple Non-Linked Term Plan
    • Get protection against uncertainties at extremely affordable premiums
    • Add Riders to enhance your coverage
    • On payment of the Death benefit, the policy ceases to exist
    • Enjoy tax benefits as per Income Tax rules

    Benefits:

    • Death Benefit: In case the life assured passes away during the term of the policy, the nominee is legible to receive a lump sum as Death Benefit, which is equivalent to the Sum Assured, provided the policy is still active.

    Eligibility:

    Entry Age Minimum – 21 years | Maximum - 60 years
    Maturity Age Minimum – 26 years | Maximum – 65 years
    Policy Term Minimum – 5 years | Maximum – 30 years
    Premium Amount Minimum: 2000 | Maximum: No Limit
    Premium Payment Term Same as policy term
    Sum Assured Minimum: 5,00,000 | Maximum: No Limit
    Premium Payment Frequency Annual, Semi - Annual, & Quarterly

    Riders:

    Reliance Nippon Life Major Surgical Benefit Rider:  Under this rider, you are eligible to receive a lump sum amount, if ever you need to undergo any of the 33 listed surgeries, such as open heart surgery, kidney transplant, cornea transplantation, transplant of lungs, and more. 

    Reliance Nippon Life Critical Conditions (25) Rider:  By opting for this rider, you entitle yourself to receive  a lump sum for covering the expenses arising out of any of the listed 25 critical conditions, such as cancer, heart attack, paralysis, major organ transplant, and others. 

    Reliance Nippon Life Family Income Benefit Rider: In instances, when the life insured passes away or suffers from a total/permanent disability, due to accident or sickness, then the company is liable to pay a monthly benefit of 1% of Sum Assured every month, starting right from the date of death till the end of the rider Policy Term or 10 years, whichever is later. 

    Reliance Nippon Life Accidental Death and Total and Permanent Disablement Rider (Regular / Limited Premium):  This optional rider enables the life insured/nominee to receive an additional benefit, in cases of death/disability of the insured, occurring as a result of an accident. Further, in case of disability, all the future premiums are also waived off.

       

    Reliance Nippon Life Online Term Plan

    Features:

    • A simple, Non-linked, Online, Term Plan
    • Comprehensive life coverage to protect your family against contingencies
    • Premiums that are easy on the pocket
    • A variety of policy term & premium payment terms to choose from
    • Hassle-free application procedure
    • Simplified medical examination process, and that too at your doorstep
    • Enjoy Income Tax Benefits
    • >

    Benefits:

    • Death Benefit: Provided the policy is in force, the policy beneficiary is entitled to receive a lump sum as Death Benefit, in the event of the demise of the Life Assured. This amount is computed as the maximum of Sum Assured, or 10 times of the Annualised Premium, or 105% of the premiums paid as on date of death.

    Eligibility:

    Entry Age Minimum – 18 years | Maximum - 55 years
    Maturity Age Minimum – 28 years | Maximum – 75 years
    Policy Term 10/15/20/25/30/35
    Premium Amount Minimum: 3500 | Maximum: No Limit
    Premium Payment Term Same as policy term
    Sum Assured Minimum: 25,00,000 | Maximum: No Limit
    Premium Payment Frequency Annual

    Reliance Nippon Life Online Income Protect

    Features:

    • A simple, Non-linked, Online, Term Plan
    • Avail Dual Benefits in case of death of the insured – Lump Sum Amount as well as Guaranteed Monthly Income
    • Affordable Premiums
    • Get rewarded for being a non-smoker by enjoying discounts on premium
    • Avail discounted premium on selecting a sum assured of Rs. 1 Crore or more
    • A range of options for policy terms & premium payment terms
    • A simple & hassle-free 3-step application procedure
    • Enjoy Income Tax Benefits as per the prevailing laws

    Benefits:

    • Death Benefit: It’s true that no one can replace you, but wouldn’t you feel happy, that at least your family can still sustain the present lifestyle, even if you are not around. To ensure that your loved ones need not be dependent on others in your absence, this plan offers dual Death Benefits in the form of a lump sum amount equal to Sum Assured on Death along with a Monthly Income Benefit of 0.50% of the Base Sum Assured. This income benefit is provided every month, starting from the subsequent policy month from the date of death of the insured, and till the end of the policy term or 120 months, whichever is higher. Here, the Death Benefit is subject to a minimum of 105% of total premiums paid (excluding any extra mortality premium, Service Tax and education cess) till the date of death.

    Eligibility:

    Entry Age Minimum – 18 years | Maximum - 55 years
    Maturity Age Minimum – 28 years | Maximum – 75 years
    Policy Term 10/15/20/25/30/35
    Premium Amount Minimum: 3500 | Maximum: No Limit
    Premium Payment Term Same as policy term
    Sum Assured Minimum: 35,00,000 | Maximum: No Limit
    Premium Payment Frequency Annual
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