About Reliance Nippon Life Insurance Co. Ltd.
Reliance Nippon Life Insurance Co.Ltd is a significant part of Reliance Capital. Reliance Capital has varied business in insurance of all sorts including asset portfolio management, mutual funds investments, commercial finance and additional financial services.
The Insurance company offers a huge variety of life insurance plans that are tailor-made as per the customer's necessities. Reliance Nippon Life Insurance carries a well-established distribution network of 700+ branches and above 75, 000 financial advisors.
Reliance Nippon Life Insurance offers insurance products in the following domains :
- Life Insurance Plans
- Term Insurance Plans
- Retirement Plans
- Child Plans
- Group Insurance Plans
- Health Insurance Plans
- Saving and Investment Plans
The Edge Offered by Reliance Nippon Life Insurance Company Ltd.
Reliance Life was conferred ‘The Business Continuity Team of the Year” in 2014 by the Business Continuity Institute, UK. Furthermore, Reliance Life was the victor of the Indian Insurance Awards for the year 2011, 2012 & 2013 for the “Best Non-Urban Coverage” in the Life Insurance Category.
Reliance Nippon tenders 10-Day Claims Settlement Guarantee* ie- conferred for death claims obtained from all our Life Policies where 4 or more annual premiums have been requited. The company has pledged to settle such claims in plane 10 Calendar Days and undertake to pay interest of 6.5% P.A for any lags thereon. Reliance Nippon Life Insurance offers an assemblage of moderately priced term insurance policies. Their term plans are equipped to shield you against your escalating financial obligations towards your family after your demise. They hold a good claim settlement ratio amongst other insurance companies in the industry.
Claim Settlement Ratio
In 2018-2019, Reliance Nippon Life’s claim settlement ratio was 97.71%.