Reliance Nippon Life Insurance Benefits

Reliance Nippon Life Insurance Company is a product of a collaboration between Reliance Capital and Nippon Life. Reliance Nippon Life Insurance Company commenced its operation in the year 2001. Reliance Life is one of the leading private insurance providers in India. Reliance Life works with strong values to ensure the financial independence of every individual associated with them. Reliance Life insurance plans ensure that your family has adequate financial support in your absence.

Benefits of Reliance Nippon Life Insurance

Reliance Nippon Life Insurance offers the following benefits to its customers:

1. Variety of Products: Reliance Life offers a wide range of insurance plans to cater for the requirements of an individual. Reliance Life offers different insurance plans such as Term Insurance, Savings and Investment, Health Insurance and Unit-Linked Insurance plans. Each plan has different features and advantages so the buyer has many options to choose from that best suits his/her requirements and budget.

2. Award-Winning Services: Reliance Life has recently won ‘Best Claim Service Provider 2020’ by the Annual Insurance Summit and Awards. Reliance Life has won ‘Life Insurance Company 2019’ by BFSI Awards. Reliance was awarded ‘Innovative Insurance Provider 2019’ by ET BFSI Excellence Awards. Reliance Life Insurance has also won ‘Best Risk Innovation 2019’ by the ERM World Summit for Risk Management.

3. Affordable Premiums: Reliance Nippon Life insurance plans are very budget-friendly. The premiums of these insurance plans are affordable. Reliance Nippon Life ensures the policyholder gets comprehensive life cover at affordable rates. This also helps in selecting life insurance that not only fulfils your requirements but also fits your estimated budget.

4. High Claim Settlement Ratio: Reliance Life Insurance secured an impressively high claim settlement ratio of 98.12% in the FY 2019-20. The claim settlement ratio of an insurer signifies the number of insurance claims settled by the insurance company against the total number of claims in a financial year. It is a great feature of an insurance company that attracts more customers.

5. Availability of Riders: Reliance Life Insurance offers a feature to add additional benefit riders to your insurance plans to enhance the protection from the uncertainty of life. Riders are the covers that provide some more benefits in a situation of a financial crisis.