Compare & Buy Car, Bike and Health Insurance Online - InsuranceDekho
Claim, renew, manage & moreLogin
  Hurry Up!
Save tax in 80C by purchasing a Life Insurance Today View Plan

Reliance Nippon Term Life Insurance FAQs

76 reviews Rate This
Claim Settlement Ratio98.49%
Customer Care9:00 AM to 7:00 PM
Death Benefit Paid For7,866 Policies
Presence713 Branches
Total Death Benefit PaidRs. 157.03 Crore

Term Life Insurance Premium Calculator


  • Male
  • Female

Date of Birth


Do you smoke or chew tobacco?

  • Yes
  • No

Choose required coverage to secure your family’s future

Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

Reliance Nippon Term Life Insurance Plan List

    Name of PlanSum Assured
    Digi-Term Insurance Plan20 lac - 10 cr Get Quotes Now


    • Why should I buy Reliance term insurance plans?

      Buying Reliance term insurance plans is advisable if you want to secure your loved ones’ financial future in your absence without paying a significant amount of premium. On buying term insurance from Reliance you will gain benefits like lump sum benefits in case of an unfortunate event, tax benefits and more.

    • Will I be eligible for tax benefit if I buy term insurance from Reliance Life?

      Yes! On buying term insurance from Reliance Life, you will become eligible for tax benefits under Section 80C of the Income Tax Act, 1961.

    • Does Reliance Life allow flexibility in terms of premium payment frequency?

      Yes! Premium payment frequency allowed by Reliance Life is Single Pay, Yearly, Half-Yearly, and Monthly.

    • Can I cancel my Reliance term insurance at any given time?

      If you want to cancel your Reliance term insurance, you can do so within 15 days (free-look period) if its receipt. The free look period is 30 days in case the policy has been obtained through distance marketing mode.

    • Will I be allowed to pay my term insurance premium if I miss the due date?

      Yes! You will be allowed to pay your term insurance policy premium within the grace period of 30 days (15 days - monthly mode).

    Claim Settement

    • What is the CSR for Reliance Life Insurance?

      Reliance Life has featured a high claim settlement ratio of 98.12% in the FY 2019-20.

    • Where can I raise a claim request for Reliance Life insurance policy?

      The policyholder/claimant can intimate the Reliance Life term insurance claim at any Reliance Nippon Life Insurance branch office.

    • Who can lodge the Reliance Life Insurance claim?

      The nominee or the claimant can lodge the claim in case of death claim. The policyholder can also lodge for the claim in case of diagnosis of critical illness or accidental disability.

    • What happens if the nominee dies or is not mentioned in the policy?

      If the nominee passes aways or is not mentioned in the policy at the time of issuance then the claim is paid to the family member after the relationship with the policyholder has been proved.

    • How long does Reliance Life Insurance take to settle a claim?

      Reliance Life Insurance guarantees to settle a claim in 10 days after receiving the claim request.

    Over View

    • What is the claim settlement ratio of Reliance Nippon Life?

      For the financial year 2019-20, the claim settlement ratio of Reliance Nippon Life was 98.12%.

    • What is the customer care number for Reliance Nippon Life?

      The customer care number for Reliance Nippon LIfe is 1800-102-1010.

    • How can I get my claims related query resolved at Reliance Nippon Life?

      If you have a query related to claim settlement, you can call at 1800-102-3330.

    • How can I get my correspondence address changed at Reliance Nippon Life?

      To get your correspondence address changed post policy issuance, submit a written request and address proof at the nearest Reliance Nippon Life branch. Note that the address will reflect within 2 working days.

    • What are the term plans offered by Reliance Nippon Life?

      Reliance Nippon Life Insurance offers Reliance Nippon Life Protection Plus, Reliance Nippon Digi-Term Insurance Plan and Reliance Nippon Saral Jeevan Bima Plan under its term (protection plan) segment.


    • Who can purchase a Reliance Life term insurance policy?

      Any Indian citizen of age between 18 years and 60 years is eligible to purchase a Reliance Life term insurance policy.

    • What is the toll-free customer assistance number of Reliance Life Insurance?

      The toll-free customer assistance number of Reliance Life Insurance is 1800-102-1010.

    • Does my Reliance Life insurance policy cover death caused by COVID-19?

      Yes, Reliance Life insurance policies cover death caused due to COVID-19.

    • Can I make changes to my Reliance Life insurance policy immediately after I purchase it?

      No, changes cannot be made to Reliance Life insurance policy immediately after you purchase it.

    • What is Critical Illness Cover?

      Critical illness cover is an additional benefit rider available with Reliance Life term plans which will provide the policyholder with a lump sum payout if diagnosed with listed critical illnesses. There are no restrictions on hospitals or against any expenses incurred.

    Premium Calculator

    • What are the different factors that affect the premium of an insurance plan?

      Factors such as policyholder’s age, gender, sum assured, lifestyle, job, medical history, type of policy and policy tenure as well as riders (if any) are a few that help in determining the premium.

    • Is it safe to buy a term insurance policy online?

      Yes, it is! Buying term insurance online is a simple and hassle-free process. Also, the payment is made with the help of a safe gateway.

    • How can I pay the premium for my Reliance Life term Insurance policy?

      You can pay the renewal premium Online, by Cash/Cheque, or through different payment gateways.

    • Can I change the premium payment frequency of my Reliance Life insurance policy?

      Yes, the premium payment frequency can be changed on the anniversary date of your policy by submitting a duly signed request to the Reliance Life Insurance.

    • Does declaration of consuming tobacco affect the premiums?

      Premium for tobacco consumers and smokers are generally higher than that of non tobacco consumers/non smokers because high risk is involved.

    Reliance Nippon Term Insurance User Reviews

    Write your review
    What users are saying
    • All
    Must BuyMust Buy

    Why to Buy Term Insurance Policy Online from InsuranceDekho

    • Tax benefit upto 1,50,000*
    • Claim support everyday 10AM-7PM
    • 45 Lacs+ happy customers

    Reliance Nippon Term Life Insurance Contact Details

    Reach us for help anytime

    Claim Process at Reliance Nippon Term Life Insurance

    • 1

      Claim Intimation

      In the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
    • 2

      Submission of Documents

      Claim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
    • 3

      Claim Evaluation

      Once the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
    • 4

      Claim Settlement

      If claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.