Reliance Nippon Term Life Insurance Claim Settlement
|Claim Settlement Ratio||98.49%|
|Customer Care||9:00 AM to 7:00 PM|
|Death Benefit Paid For||7,866 Policies|
|Total Death Benefit Paid||Rs. 157.03 Crore|
Claim Settlement of Reliance Nippon Term Life Insurance
Reliance Nippon Life Insurance Company is one of the leading private life insurance providers in India. Reliance follows an easy and quick claim settlement process. Reliance Life has featured a high claim settlement ratio of 98.12% in the FY 2019-20. Reliance Life Insurance also offers a 10 days easy claim settlement guarantee. Reliance Life Insurance maintains claim settlement transparency so that frauds can be avoided.
How To Make Claim
Reliance Life Term Insurance Claim Settlement Process - Online
Reliance Nippon Life does not process term insurance claims online. However, the offline claim process is simple.
Reliance Life Term Insurance Claim Settlement Process - Offline
The policyholder/claimant can intimate the Reliance Life term insurance claim at any Reliance Nippon Life Insurance branch office. Reliance Life follows a hassle-free claim settlement process. The process is as follows:
Step 1: Claim Intimation and Document Submission
The claimant can intimate claim at any Reliance Life branch office. Along with claim intimation documents required for claim settlement can also be submitted at the Reliance Life branch office itself.
Step 2: Claim Assessment
After receiving the claim intimation form and necessary documents, the claim and documents are scrutinized to ensure that no additional documents are required or investigation is required.
Step 3: Claim Decision and Pay Out
Once the claim has been assessed the claim decision is made and settled. Once a claim decision has been made, the claimant receives the claim.
Documents Required for Reliance Life Term Insurance Claims
Following is the list of documents required for Reliance Life term insurance claims:
- Original Insurance Policy Documents
- Claim Intimation Form
- Claimant’s Photo ID Proof
- Claimant’s Address Proof
- Copy/Original Death Certificate issued by local authority
- Copy of Cancelled Cheque
- Copy of Bank Statement/Bank Pass Book
- Medical Records
- Copy of Cause of Death Certificate issued by the doctor
- Copy of FIR/Post Mortem Report
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Why to Buy Term Insurance Policy Online from InsuranceDekho
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Reliance Nippon Term Life Insurance Contact Details
Insurance Dekho755 1196 989Mon to Sun 10:00 AM to 7:00 PM
Reliance Nippon Term Life Insurance1800-102-10109:00 AM to 6:00 PM
Claim Process at Reliance Nippon Term Life Insurance
Claim IntimationIn the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
Submission of DocumentsClaim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
Claim EvaluationOnce the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
Claim SettlementIf claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.