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  • Reliance Life Insurance

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    So far as individual as well as new business weighted received premium (WRP) is concerned, Reliance Nippon Life Insurance Company is one of India’s biggest and best life insurance providers in the private sector. With more than 10 million policyholders, more than 1 lac advisors, and an impressive distribution network with more than 800 branches, Reliance Nippon Life Insurance Company is among the leading private life insurance companies that are not supported by banks.

    The company is a part of Reliance Capital, which is among the leading Indian financial services firms in the private sector. Reliance Capital is regarded as one of the top non-banking and financial services firms in the private sector so far as net worth goes. Nippon Life Insurance holds 49% of the stake in Reliance Nippon Life Insurance Company, and is one of the leading Japanese insurers in the private sector, with a market share of 25%.

    Key Highlights of Reliance Life Insurance

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    Reliance Life Insurance 1 Cr Life cover plan

    1 Crore Life Cover

    Get 1 Cr Life cover @₹ 15*/day

    Claim-settlement ratio for Reliance Life Insurance

    Claim Settlement Ratio

    Claim-settlement ratio of 93.82% for year 2015-2016

    Occupation eligibility for Reliance Life Insurance

    Grievances Resolved

    98.84% Grievances Settled for year 2015-2016


    To be eligible for Reliance Life Insurance

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    Minimum age for Reliance Life Insurance

    You should be at least 18 years old

    Maximum age for Reliance Life Insurance

    You should be less than 55 years old

    Occupation eligibility for Reliance Life Insurance

    You should be either Salaried, Self- employed, a professional or have your own business


    Reliance Life Insurance at a Glance

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    Maximum tenure of Reliance Life Insurance

    A maximum tenure of 35 years

    Maximum sum assured for Reliance Life Insurance

    Min Sum Assured: Rs 25 Lakhs
    Max Sum Assured: No limit subject to underwriting

    Exclusions for Reliance Life Insurance

    Specific exclusions: Suicide within the first 12 months


    Documentation needed to apply for an Reliance Life Insurance

    • 1. Identity Proof
    • 2. Age Proof
    • 3. Income Proof
    • 4. Address Proof
    • 5. PAN Number

    Benefits of Reliance Nippon Life Insurance

    With a comprehensive portfolio that covers a variety of life insurance plans that caters to the financial needs of a diverse customer base, Reliance Nippon Life Insurance Company makes it relatively easy to find the policy that perfectly meets your requirements. According to Brand Equity’s Most Trusted Brand Survey 2015, Reliance Nippon Life Insurance Company ranked among the Top Three Most Trusted Life Insurance Service Brands. Whether it is child plans, retirement solutions, savings and investment plans, or protection plans, Reliance Nippon has made all kinds of plans and policies available to individual entities as well as groups.

    Different Types of Life Insurance Policies Offered by Reliance Nippon:

    Reliance Nippon Life Insurance Company has emerged as one of the leading insurance providers in the country for a reason, which, apart from its provision of quality products and services, is its knack of designing a comprehensive set of insurance policies to ensure that the varying needs of a diverse customer base are met with relative ease. Following are the different kinds of life insurance policies sold by Reliance Nippon Life Insurance Company:

    Reliance Nippon Life Protection Plans:

    The protection plans offered by Reliance Nippon Life Insurance Company are diverse to meet the needs and requirements of a vast customer base. Since the world is full of uncertainties and it is essential to ensure that our near and dear ones are financially secure at all stages of their lives, protection plans gain prime importance as they offer your family a lump sum amount to ensure that their financial needs are taken care of in case of your untimely demise. Following are the protection plans offered by Reliance Nippon Life Insurance Company:

    • Reliance Nippon Life Term Plan: Offers tailor-made, comprehensive coverage so as to ensure your loved ones are fully covered in the event of any unforeseen tragedy.
    • Reliance Nippon Life Online Term Plan: This term plan is available online and can be availed in just a few clicks. It offers a substantial insurance cover at a very nominal cost.It’s 1 crore life insurance term plan from Reliance.
    • Reliance Nippon Life Online Income Protect: The Online Income Protect plan is designed in a manner such that it not only offers the family of a policyholder a lump sum amount in the event of his / her untimely death, buy also guarantees a regular monthly income for the family of the policyholder to ensure that their standard of living remains the same even in case of the death of the policyholder.
    Plan Basic Sum Assured Policy Term (Tenure)
    Reliance Nippon Life Term Plan Rs.5 lacs 5 years to 30 years
    Reliance Nippon Life Online Term Plan Rs.25 lacs 10 years / 15 years / 20 years / 25 years / 30 years / 35 years
    Reliance Nippon Life Online Income Protect Rs.35 lacs 10 years / 15 years / 20 years / 25 years / 30 years / 35 years

    Reliance Nippon Life Savings and Investment Plans:

    Reliance Nippon Life Insurance Company offers savings and investment plans that provide the dual benefit of returns on the amount of money you invested in addition to whole life cover. If you have long term objectives such as taking your family on a long exotic vacation or buying that dream house you’ve been eyeing for a while, savings and investment plans are designed just to turn your dreams into reality.

    Following is a comprehensive list of savings and investment plans offered by Reliance Nippon Life Insurance Company:

    • Reliance Nippon Life Guaranteed Money Back Plan: The Guaranteed Money Back plan comes with an accidental death benefit along with waiver of premium benefit to support your family in case of your sudden demise.
    • Reliance Nippon Life Fixed Savings: This plan offers a lump-sum maturity sum as well as life cover to you and your loved ones. The plan is a systemic savings plan that helps you build a substantial corpus for your future needs.
    • Reliance Nippon Life Bluechip Savings Insurance Plan: The Bluechip Savings plan ensures a life cover as well as an assured 7% guaranteed addition along with bonuses.
    • Reliance Nippon Life Increasing Income Insurance Plan: An insurance policy that provides regular monthly income along with a lump sum at maturity and ten times the annualised premium in the case of the unfortunate demise of the policyholder.
    • Reliance Nippon Life Fixed Money Back Plan: An easy insurance plan with limited paying terms and assured fixed money back and maturity benefits. Payment of fixed money back is done during last five years of the plan, along with loyalty additions.
    • Reliance Nippon Life Super Money Back Plan: This is a great plan to avail in case you are looking for regular paybacks at periodic intervals. The premiums are not very hefty making it easy on your pocket too.
    • Reliance Nippon Life Smart Cash Plus Plan: This plan is a perfect mix of savings cum liquidity. You get to avail periodic guaranteed sums to cover your expenses at each important stage of your life as well as a life cover too.
    • Reliance Nippon Life Money Multiplier Plan: This plan guarantees a maturity amount plus loyalty additions to sum assured at the end of each policy year. Avail a life cover that is 10 times the premiums paid for the entire policy tenure. Flexibility to choose term of policy.
    • Reliance Nippon Life Endowment Plan: This is a flexible insurance plan that provides a life cover as well as lets you choose your sum assured depending upon your financial position.
    • Reliance Nippon Life Super Endowment Plan: The super endowment plan helps you build a corpus for your future along with a guaranteed life cover so as to protect your family against your sad demise.
    • Reliance Nippon Life Lifelong Savings Plan: The Lifelong Savings Plan is designed to provide the family of the policyholder with a whole life cover in case of the untimely demise of the policyholder.
    • Reliance Nippon Life Future Income: The Future Income plan offers an additional annual income to support your increasing needs and help you realise your dreams whilst ensuring that the financial future of your family is secure in case of your unfortunate death.
    • Reliance Nippon Life Whole Life Income: The Whole Life Income policy offers policyholders with a regular income until they turn 85 years of age in addition to a life cover to ensure that your family is financially secure in the event of your accidental death.
    • Reliance Nippon Life Increasing Money Back Plan: The Increasing Money Back plan from Reliance Nippon Life Insurance Company guarantees a payout once every three years to ensure that you can keep up with inflation whilst comfortably addressing your increasing lifestyle needs.
    Plan Basic Sum Assured Policy Term (Tenure)
    Reliance Nippon Life Guaranteed Money Back Plan Rs.50,000 15 years / 20 years
    Reliance Nippon Life Fixed Savings Minimum Annualised Premium for this policy is Rs.25,000 and the premium payment terms at your disposal are 5, 7 and 10 years 12 years / 15 years / 20 years
    Reliance Nippon Life Bluechip Savings Insurance Plan Rs.77,905 10 years to 15 years
    Reliance Nippon Life Increasing Income Insurance Plan Rs.60,000 if the individual enters the contract at 44 years of age or younger, and Rs.1 lac if the individual is 45 years or above 12 years / 16 years / 20 years / 24 years
    Reliance Nippon Life Fixed Money Back Plan Rs.1 lac 15 years / 20 years
    Reliance Nippon Life Super Money Back Plan Rs.1 lac 10 years / 20 years / 30 years / 40 years / 50 years
    Reliance Nippon Life Smart Cash Plus Plan Rs.1 lac 10 years / 13 years / 16 years / 19 years / 22 years
    Reliance Nippon Life Money Multiplier Plan Rs.60,000 10 years / 15 years / 20 years
    Reliance Nippon Life Endowment Plan Information not available Information not available
    Reliance Nippon Life Super Endowment Plan Rs.1 lac 14 years / 20 years
    Reliance Nippon Life Lifelong Savings Plan Information not available Information not available
    Reliance Nippon Life Future Income Rs.2 lacs 14 years / 16 years / 18 years / 20 years / 22 years / 24 years
    Reliance Nippon Life Whole Life Income Information not available Information not available
    Reliance Nippon Life Increasing Money Back Plan Rs.1 lac 15 years

    Reliance Nippon Life Retirement Plans:

    Retirement plans from Reliance Nippon Life are the best way to ensure that you continue to live in comfort after resigning from professional life. These plans require you to make regular contribution which keeps adding up to provide you with a regular monthly income once you have retired so that you can carry on with the same standard of living as you did while working. Reliance Nippon Life offers three comprehensive retirement plans which are as follow:

    • Reliance Nippon Life Immediate Annuity Plan: Convert your lump-sum savings into a regular income so as not to compromise with your lifestyle once you are retired.
    • Reliance Nippon Life Smart Pension Plan: This is a non-participating ULIP that helps you save systematically to ensure a better retirement fund once you no longer have that regular income from your job. Avail tax benefits as applicable.
    • Reliance Nippon Life Pension Builder: The Pension Builder plan is designed in such a way that it allows you some much needed relaxation following decades of hard work. Whether you wish to pursue your dreams, go on exotic vacations from time to time, or live independently with pride, this plan will help you save on a regular basis so that you can enjoy retired life to the fullest.
    Plan Basic Sum Assured Policy Term (Tenure)
    Reliance Nippon Life Immediate Annuity Plan Information not available Information not available
    Reliance Nippon Life Smart Pension Plan Purchase price: Rs.1 lac (exclusive of education cess and service tax) Life annuity
    Reliance Nippon Life Pension Builder Rs.2 lacs 10 years to 40 years for Regular Pay policies; 10 years to 20 years for Limited Pay (5 years and 7 years) policies; and 15 years to 20 years for Limited Pay (10 years) policies

    Reliance Nippon Life Unit Linked Insurance Plans:

    ULIPs, as they are commonly called, are investment as well as protection plans that provide the dual benefits of returns on investment as well as life insurance cover. The variety of funds in which you can invest is truly diverse and offer you the flexibility to switch between and manage different funds. Reliance Nippon Life Insurance Company offers three different unit linked insurance policies as follow:

    • Reliance Nippon Life Classic Plan II: The Classic plan comes with a life cover as well as long-term investment option that is protected against any uncertainties. The flexibility to choose and manage your funds is in your hands. You get to avail life cover as well as market-linked profits on your premiums paid.
    • Reliance Nippon Life Smart Savings Insurance Plan: The Smart Savings Insurance Plan offered by Reliance Nippon Life Insurance Company ensure that your risk appetite is automatically adjusted by drawing a balance between debt and equity via the systematic allocation of assets depending upon your life-stage.
    • Reliance Nippon Life Premier Wealth Insurance Plan: This insurance plan is designed in a manger such that it not only helps in meeting your immediate financial needs, but also helps in ensuring that you are on track with your changing priorities over the course of your lifetime. Premier Wealth Insurance Plan offers the flexibility to balance your investment and protection needs while the policy term is in progress, thereby helping you gain systematic control over your future finances.
    Plan Basic Sum Assured / Minimum Annualised Premium Policy Term (Tenure)
    Reliance Nippon Life Classic Plan II The minimum sum assured for Regular Pay policies is Higher of (10 x Annualised Premium) or (0.5 x Policy Term x Annualised Premium); and 1.25 x Single Premium in case of Single Pay policies. 15 to 30 years in case of Regular Pay policies and 20 to 30 years in case of Single Pay policies.
    Reliance Nippon Life Smart Savings Insurance Plan The Minimum Annualised Premiums for this policy are categorised in the following bands: Band 1: Rs.48,000 Band 2: Rs.1 lac Band 3: Rs.2.5 lacs Band 4: Rs.5 lacs Band 5: 10 lacs 10 years and 15 to 30 years for Regular Pay policies; 15 to 30 years for Limited Pay (10 years) policies; 10 years and 15 to 25 years for Limited Pay (7 years) policies; and in case of Limited Pay (5 years) policies, 10 years and 15 to 20 years for entry between the ages of 1 and 45, and 10 years and 15 years for entry between the ages of 46 and 50.
    Reliance Nippon Life Premier Wealth Insurance Plan Information not available Information not available

    Reliance Nippon Life Child Plans:

    Caring for the future of a child is the responsibility of every parent, and the increasing costs in addition to your own need for a better lifestyle can make it extremely difficult to ensure that your child will have a comfortable future. Child plans help you save money for the future expenses of your children, such as higher education and marriage, at a very early stage in their lives, so that you have adequate funds to help turn their dreams into reality when the time is right. Reliance Nippon Life Insurance Company offers two unique child plans that will go a long way towards ensuring that your child has a relatively secure future:

    • Reliance Nippon Life Education Plan: A plan meant for parents with variable pay-outs for different requirements of a child’s career and future with death benefits that allow for an annual income for 10 years.
    • Reliance Nippon Life Child Plan: Secure your child’s future with this plan from Reliance Life. Be it your child’s education, higher studies, home or marriage, ensure that you are always there in time of need.
    Plan Basic Sum Assured Policy Term (Tenure)
    Reliance Nippon Life Education Plan Rs.50,000 9 years to 20 years for Regular Pay policies and Limited Pay (5 years) policies and Limited Pay (7 years) policies; and 12 years to 20 years for Limited Pay (10 years) policies.
    Reliance Nippon Life Child Plan Rs.25,000 10 years to 20 years

    Reliance Nippon Life Group Plans:

    Group plans by Reliance Nippon Life Insurance Company are intended to ensure that the relationship between an employer and his / her employees is always a good one. These plans not only offer life cover to the employees, but also provide them with periodical payments once they have retired by means of pension and gratuity plans. Following are the group plans you can purchase from Reliance Nippon Life Insurance Company:

    1. Employers Liability Solutions: The four solutions under this plan include:
      • Reliance Traditional Group Employee Benefit Plan
      • Reliance Traditional Group Superannuation Plan
      • Reliance Group Leave Encashment Plus Plan
      • Reliance Group Gratuity Plus Plan
    2. Employee Protection Solutions: The four solutions under this plan are as follow:
      • Reliance Group Credit Assure Plan
      • Reliance Group Term Assurance Plus
      • Reliance Group Credit Assure Plus
      • Reliance Group Term Assurance Plan EDLI
    3. Group Saving Solutions: The sole solution under this plan is as follows:
      • Reliance Group Sarv Samriddhi
    Plan Annual Contribution Policy Term (Tenure)
    Reliance Traditional Group Employee Benefit Plan Rs.50,000 One year (renewable annually)
    Reliance Traditional Group Superannuation Plan Rs.2 lacs One year (renewable annually)
    Reliance Group Leave Encashment Plus Plan Rs.1 lac One year (renewable annually)
    Reliance Group Gratuity Plus Plan Rs.2 lacs One year
    Reliance Group Credit Assure Plan Rs.1 lac for home loans; and Rs.10,000 for other loans 2 years to 30 years in case of Single Pay policies; and 8 years to 30 years in case of Limited Pay policies
    Reliance Group Term Assurance Plus Rs.5,000 per member (Minimum number of members for Employer Employee groups is 10, and 50 for Non-employer Employee groups One year (renewable annually)
    Reliance Group Credit Assure Plus Rs.1 lac for affordable home loan / loan against security / loan against property / construction equipment loan / SME working capital loan / business loan / warehouse financing loan; Rs.2 lacs for normal home loan; and Rs.10,000 for personal loan / private or commercial vehicle loan / consumer finance loan / tractor loan / KCC loan / educational loan 2 years to 30 years in case of Single Pay policies and 8 years to 30 years in case of Limited Pay policies
    Reliance Group Term Assurance Plan EDLI Information not available Information not available
    Reliance Group Sarv Samriddhi 10 to 25 times the Annualised Premium subject to a minimum of Rs.10,000 per member, and the minimum group size is 20 members 10 years

    How to Claim Insurance with Reliance Nippon:

    Reliance Nippon Life Insurance Company has the highest claim settlement ratio among all private life insurers in India. The company guarantees to settle your claims in only 12 days, and agree to pay 6.5% interest per annum for any delay on their part. In order to claim insurance with Reliance Nippon, you will have to keep the following documents ready:

    Documents required for Death claim:

    • Claim form A: This form need to be filled by the nominee or claimant
    • Claim form B - Certificate of last illness to be filled, signed and stamped by the doctor in attendance during the last illness of the deceased life assured
    • Original policy documents
    • Original death certificate by Death and Birth Registrar
    • Death certificate by the doctor confirming cause of death
    • Nominees photo identification card copy attested by Insurance company official
    • All hospital reports, if hospitalized during the last sickness
    • Post Mortem Report and Viscera report, if performed

    In case of Accident or Suicide”

    • Claim form C - Certificate of Identity, along with Claim forms (A & B)
    • First Information Report and final Police Investigation Report
    • Newspaper cutting on the accident, if available

    Once you have gathered the aforementioned documents, you may submit them at a Reliance Nippon Life Insurance Company branch nearest to your home or send the same by post to The Claims Department, Reliance Life Insurance Co Ltd, 9th Floor - Building No. 2, R-Tech Park, Nirlon Compound, Next to Hub Mall, Behind I- Flex building, Goregaon, (East), Mumbai-400 063.

    Reliance Nippon Claim Settlement Ratio:

    Total Premium in Crores (2014-15) Total Premium in Crores (2013-14) Claim Settlement Ratio (2014-15) Claim Settlement Ratio (2013-14)
    4621.08 4283.4 83.84% 81.97%

    Documents Required to Purchase a Reliance Nippon Life Insurance Policy:

    Following are the documents you require to purchase a life insurance policy from Reliance Nippon:

    1. Address proof
    2. Identity proof
    3. Income proof
    4. PAN Card
    5. Self-attested bank passbook copy

    How to Check Reliance Nippon Life Insurance Policy Status Online:

    To check the status of your Reliance Nippon Life Insurance policy, all you have to do is visit the official website of the company and click on the ‘Login’ option at the top right side of the homepage. Three options, viz. Customer, Corporate, and Partner will appear above the Login option. Choose the Customer option and you will be redirected to the Login Portal where you will have to enter your Client ID or Policy Number along with the password and hit ‘Sign In’ after which your policy details will appear on screen.

    In case you are a new user who hasn’t yet registered with Reliance Nippon, visit the company’s website and click on the Login option and then select the Customer option. You will then be redirected to a page where an option called Register Now can be found. Click on it and enter the required information, such as Client ID / Policy Number, date of birth, etc. and select I Agree and then hit Submit. Your registration will be complete at this stage and you can login with your policy details to check the status of your Reliance Nippon Life Insurance plan.

    Reliance Nippon Life Insurance Online Payment:

    Reliance Nippon Life Insurance Company has made it possible for customers to pay their premiums without having to leave the comfort of their personal space. All you have to do is visit the company’s website and under My Services, click on Pay Premium Online and enter your User ID and date of birth to log in to your account, choose the policy for which you wish to make a premium payment, and select an option to pay. The options at your disposal include credit card, net banking, mobile wallet, debit card and e-card.

    Reliance Nippon Life Insurance Premium Calculator:

    To calculate the premium applicable to any Reliance Nippon Life Insurance policy, all you have to do is visit the company’s website and locate the premium calculator and enter the required details such as gross monthly income, monthly personal expenses, monthly net income for family expense, assets on hand, liabilities on hand, and current age along with your expectations from the policy and your premium will be calculated and presented on screen in little to no time.

    Reliance Nippon Life Insurance Frequently Asked Questions:

    1. What is the process for taking out a loan against a Reliance Life Insurance policy?

    A. After the lock-in period has been completed, a loan can be taken out against the policy.

    2. How do I register a claim for Accidental Death Benefit / Total & Permanent Disability?

    A. In order to start the processing of this claim, you must first submit:

    • Claim form A.
    • Claim form B.
    • Original Policy Documents.
    • Hospital records including biopsy reports, diagnosis certificate, lab reports, etc.
    • FIR from the police station, and the relevant investigation report.
    • If possible, a published article in the news of the incident that led to the claim.

    3. What is the process for making a partial withdrawal from my ULIP policy?

    A. Partial withdrawals can be made after the completion of the lock-in period. You will need to submit a duly filled in and signed request form, details of your savings bank account (including a cancelled cheque from the same account), and a self-attested copy of KYC documents.

    4. What is the process for surrendering a Reliance Life Insurance policy?

    A. Policies can be surrendered once the lock-in period is over, and requires you to submit a duly filled out and signed Surrender Request Form, details of your savings bank account (including a cancelled cheque from the same account), and a self-attested copy of KYC documents.

    5. How do I register a claim for Death benefit under a Reliance Life insurance policy?

    A. In order to begin this process for claim of death benefit, you will first have to submit the following documents:

    • Claim form A – to be filled in by the nominee.
    • Claim form B – to be signed & stamped by the attending doctor.
    • Original Policy Documents.
    • Hospital records
    • Original copy of the death certificate as issued by the Registrar of Births and Deaths.
    • Death certificate which confirms the cause of death – to be issued by the doctor.
    • Photo ID (attested by a Reliance official) of the nominee.
    • Post Mortem and Viscera report, if performed.
    • Claim form C – identity certificate.
    • FIR from the police station, and the relevant investigation report.
    • If possible, a published article in the news of the incident that led to the claim.

    6. What is the process of changing the nominee in my Reliance Life Insurance policy?

    A. In order to change the named nominee in your life insurance policy, you will need to submit a duly filled out and signed Nomination Form, along with a self-attested set of KYC documents at your nearest branch. The records take 2 working days to update.

    7. How do I register a critical illness claim?

    A. In order to register a critical illness claim, one must submit the following documents:

    • Critical Illness Claim Form A.
    • Claim Form B – certificate of illness. The attending doctor must affix his signature and stamp to this.
    • Original Policy Documents.
    • Hospital records

    8. How do I submit a claim for Survival and Maturity Benefits?

    A. There is no need to submit a claim for Survival Benefits, as they are automatically credited to the savings bank account of the policyholder as and when they become due.

    Maturity Benefits, too, are paid to the policyholder on policy maturity, for in force and paid-up policies.

    9. What do I do if I want to change my premium paying frequency?

    A. The frequency of premium payments can be changed only on policy anniversaries after submitted a duly filled in and signed request form.

    10. What is the process to change the fund allocation in my Reliance Life Insurance ULIP policy?

    A. Fund allocation can be changed at any time simply by submitting a signed request for the same at your nearest branch office. If you wish to make the change online, you can log on to the Self Help portal on the Reliance Life Insurance website.

    11. How much money will I receive when I make an insurance claim?

    A. The amount of money you are eligible for will be determined by the duration of your policy, the status of the policy, and the cause of the policyholder’s death. In case of participating policies, unpaid premiums for the policy year in which the life assured passed away will be subtracted and the declared bonus will be added to the sum assured.

    12. How long will it take for the company to settle my insurance claim?

    A. Reliance Nippon Life Insurance Company has built a strong reputation for quick and effective settlement of claims. The company usually takes three days to dispatch the cheque to the beneficiaries from the date on which it receives the claim forms and documents. The company also has a 12-day guarantee and if it takes longer than that to settle a claim, then it offers the customer a 6.5% p.a. interest for delayed payment.


    How to Apply Reliance Life Insurance Online


    News About Reliance Insurance

    • Ashish Vohra Assumes Position As CEO of Reliance Life

      Ashish Vohra, Chief Distribution Officer, Max Life, has recently taken up the position as the Chief Executive Officer (CEO) with Reliance Life. Max Life , one of India’s leading insurers, recently merged with HDFC Life. Following the merger, several members of the middle to senior management have left the company.

      At Max Life, where Mr. Vohra started off in the year 2010, he was mainly engaged with the distribution channels, which included direct selling (online & agency), bancassurance. As the CDO, he was responsible for maintaining the company’s distribution network across India and also securing bank distribution alliances and key partnerships. Prior to joining Max Life, he has worked with other major names in the financial sector such as Citibank and Fullerton India Credit.

      5th August 2016

    • Reliance and Nippon deal gets the good to go

      Nippon Life gets the green signal to increase their stake in Reliance Mutual Fund to 49%. The Securities and Exchange Board of India gave their approval to the companies on Thursday. Nippon has raised their stake in Reliance from 35% to 49%. Nippon already held 26% in Reliance worth Rs. 1,450 crore in 2012, and then an additional 9%, this time worth Rs. 657 crore. Now the Japanese insurance giant, will be investing an approximate value of Rs 1,196 crore for the additional 14%.

      4th March 2016

    • Japanese insurer Nippon can increase its stake in Reliance Life Insurance says CCI

      Reliance Life Insurance will now provide the Japanese insurer Nippon with a higher stake in their company. The deal is worth Rs. 2,265 crores, making the stake reach 49%. This deal between the two insurance companies will be the largest. Nippon has made an investment Rs 3,303 crore for their 49% share and the investment in the Reliance Capital Asset Management, making its total investment to Rs 8,630 crore.

      12th February 2016

    • Reliance Capital’s net profit rises to 10.3%.

      Reliance Capital - the leading financial services company in India witnesses a 10.3% rise in its net profit at the third quarter of 2015 -2016. The total net profit of the company at Q3 is Rs. 235 crore. The growth in broking business and mutual funds of the company has added to this net profit. In the previous year, the company's consolidated net profit was Rs. 213 crore. This year, the total income of the company also rose to Rs. 2,318 crore compared to Rs. 2,106 crore in the previous year.

      22nd January 2016

    • Lifelong Savings Plan launched by Reliance Life Insurance

      Reliance Lifelong Savings Plan, a non-linked, participating endowment plus whole life plan was recently launched by Reliance Life Insurance Company. This plan aims to provide dual benefits of protection and goal based saving to policyholders, with two options, standard and extended cover. A maturity benefit will be provided to policyholders, consisting of the base sum assured and guaranteed additions. This policy has premiums starting from Rs 12,000, with a minimum sum assured of Rs 80,000. Individuals can choose to enhance their policy by adding riders, ensuring they stay protected against any eventuality.

      22nd December 2015

    • Nippon Life to raise stake in Reliance Life to 49% with Rs.2,265 crore investment

      Nippon Life Insurance Company, based in Japan, signed agreement papers on Tuesday to increase its stake in the Reliance Life Insurance Company from 24% to 49%.

      The company’s new name will be Reliance Nippon Life Insurance, in line with this new structuring of shareholders.

      Nippon Life Insurance, Japan’s second largest life insurer, plans to invest a massive Rs.2,265 crore to increase its stake in Anil Ambani’s Reliance Capital Ltd by 23%.

      After this transaction, Reliance Life Insurance Company’s valuation stands at around Rs.10,000 crore – which is among the highest valuations for any life insurance company in India.

      25th November 2015

    • Reliance Life Insurance to sell another stake of 23% worth Rs. 2, 500 crores to Nippon Life

      Nippon Life will be buying another stake worth 23% in Reliance Life Insurance, the transaction is estimated to cost Rs. 2, 500 crores. This is the 2nd transaction between the Japanese based insurance company and Reliance Life in the same month, and the second investor to increase their stake in an Indian company after the foreign holding was increased to 49% in this sector. The cumulative investment of Nippon Life is now said to be Rs 8,865 crore. The Japanese giant has invested about Rs. 6, 365 in two subsidiaries of Reliance, namely Reliance Life Insurance and Reliance Capital Asset Management.

      28th October 2015

    • Nippon Life to increase its share in Reliance Life Insurance

      Anil Ambani said that Nippon Life plans to increase its stake from 26% to 49% in Reliance Life Insurance and in Reliance Capital Asset Management from 35% to 49%. These increase is expected to be completed within the financial year, Reliance Capital is hoping to more than double their business in the housing finance sector to Rs 10,000 crore in the current fiscal year with this increase they are hoping to become one of the top 3 business in the private sector.

      5th October 2015

    • Reliance Life Insurance launches new child plan

      A new child insurance scheme was recently launched called “Reliance Education Plan”. This policy provides both protection and payouts planned around children’s education needs. The product was developed to meet the needs of a large portion of its customer base.

      Traditionally, Indians apportion a lot of their savings towards a child’s education. To encourage sale of life insurance, such innovative policies help to provide the dual benefit of protection and savings.

      Under this plan, customers can avail payouts through four different ways. A lumpsum amount when the plan matures, two payouts for post-graduate courses, four payouts for professional degrees and five payouts for integrated courses. The plan’s validity ranges between 9 and 20 years. Death benefits include a lumpsum payout of total sum assured or half payout in a lumpsum and another half in the form of annual payments.

      12th June 2015

    • Reliance Life Insurance to add 20,000 agents next fiscal

      Reliance Life Insurance, which currently has 1 lakh agents, will add 20,000 agents more during the next financial year, a company official said on Tuesday.

      Reliance Life Insurance chief agency officer Manoranjan Sahoo told the media in Hyderabad that the company’s new business premium for 2014 stood at Rs 1,000 crore, growing at around 10%. Reliance expects to maintain the growth momentum in the next fiscal as well, he said. Sahoo said Nippon Life, which has a 26% stake in Reliance Life Insurance, “will take the stake to the maximum.”

      Reliance’s initial response to the Insurance Bill was “positive,” he said. The Insurance Bill, passed by the Parliament recently, allows foreign players to pick up to 49% stake in domestic insurers. Reliance has Rs. 18,328 crore worth assets as on March 31st 2014.

      25th March 2015

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    GST of 18% is applicable on life insurance effective from the 1st of July, 2017

    Reliance Life Insurance Reviews

  • Page 1 of 10 1 2 3 4 5
    • Reliance Life Life Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      Around a year Ago I got the life insurance policy with reliance and the service is very good. The customer support was good with Reliance service. The premium of Rs.47000 per year . The plan benefits and the coverage is good with this policy..
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 15, 2017
    • Reliance Life Life Insurance
      "Good "
      0.5 5.0/5 "Blown Away!"
      I am having the life insurance policy with the Reliance life insurance company and the customer service is good , also I have not faced any issues with them till now. Policy coverage and the plan benefits are really working up to the mark.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Nov 15, 2017
    • Reliance Life Life Insurance
      "Not a good policy to use"
      0.5 2.0/5 "Expected more"
      I am holding a life insurance policy of Reliance from last 6 years. this life insurance policy has notto be renewed every year. I had a bad experience with this policy, the customer service was average, they did not keep up their words. The benefits and coverage in this policy is also not up to the mark.
      Was this review helpful? 0
      , ranchi
      Reviewed on Nov 11, 2017
    • Reliance Life Life Insurance
      "Better Policy to use"
      0.5 4.0/5 "Great!"
      I got the life insurance policy with Reliance life. I have this policy for past 2years. The customer support is good with Reliance life. This policy has the tenure of 15years. The premium of Rs,12000 every 6months once. The plan benefits and the coverage's are good with this policy.
      Was this review helpful? 0
      , guntur
      Reviewed on Nov 11, 2017
    • Reliance Life Life Insurance
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      It was been a very long time I have taken the life insurance service with RELIANCE the documents have been collected from my door step and the payments where through ecs and I have taken three policy with RELIANCE it was a good experience with RELIANCE for my life insurance service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 10, 2017
    • Reliance Life Life Insurance
      "Life insurance with Reliance"
      0.5 5.0/5 "Blown Away!"
      I have taken a life insurance with RELIANCE LIFE INSURANCE.Yearly i have to pay 30000.The maturity period is for 10 years. But we have to pay only for 7 years and after 10 year they will provide some amount with some rate of interest. I will make the payment through my credit card.
      Was this review helpful? 0
      , madurai
      Reviewed on Nov 09, 2017
    • Reliance Life Life Insurance
      "Satisfied"
      0.5 5.0/5 "Blown Away!"
      I am having the Reliance term life insruance policy and I been with them from the last three years of time. I would like to say that the customer service pretty good like I would like to say everything is online services as of now.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 08, 2017
    • Reliance Life Life Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I am holding Reliance life insurance policy from last 2 years, i have to renew this life insurance policy every year. The premium amount which i pay is Rs 2500 on annual basis through ECS. There was no much interaction with the customer service team. The benefits and coverage are also good in this policy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 07, 2017
    • Reliance Life Life Insurance
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I am having the life insurance policy with the Reliance life insurance company and they are having excellent customer service. I would like to say that the policy coverage value and the premium value is an excellent one.
      Was this review helpful? 0
      , kanchipuram
      Reviewed on Nov 04, 2017
    • Reliance Life Life Insurance
      "Good investment"
      0.5 4.0/5 "Great!"
      I had Life Insurance taken up to take care of my Kids future. I have been paying Rs.12000 every year, and feel the investment to be very important. The company has good policies and have heard good stories about the claim record about Reliance Life Insurance.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Oct 29, 2017
    • Reliance Life Life Insurance
      "Average Policy to use"
      0.5 4.0/5 "Great!"
      I have the Reliance life insurance policy from since 2012 . This policy has the tenure of 10years. I pay the premium of Rs,20,000 per annum. The plan benefits and the policy coverage is average with Reliance life insurance policy. I would say it is an average policy to use.
      Was this review helpful? 0
      , jorhat
      Reviewed on Oct 29, 2017
    • Reliance Life Life Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      Recently I got the life insurance policy with reliance life. This policy has the tenure of 20years. The premium of Rs,46,000 I pay towards this policy and it has good coverage benefits and I am satisfied having the life insurance policy with Reliance.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 16, 2017
    • Reliance Life Life Insurance
      "On a decline"
      0.5 4.0/5 "Great!"
      For some reason Reliance Life Insurance is on a decline for the past few years. It has considerably reduced the coverage. The customer services needs a whole lot facelift. Also the plan benefits and Policy Coverage is not that great. Could improve a lot.
      Was this review helpful? 0
      , agra
      Reviewed on Oct 10, 2017
    • Reliance Life Life Insurance
      "Expectant"
      0.5 4.0/5 "Great!"
      I am having the life insurance policy with the Reliance life insurance company and the coverage value is good one and their plan benefits are also good. However am little sceptical for the return asssurances and long term consistacy of the offerings. Expect them to deliver the assurances!!
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 23, 2017
    • Reliance Life Life Insurance
      "Good in service. Benefits can be better"
      0.5 5.0/5 "Blown Away!"
      I had taken a term plan with Reliance life insurance, but I am planning to close the same as they are not that beneficial in the claim settlement ratio when compared to LIC. I do not have to pay any charges for closing my policy too. Else the customer services was good.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 22, 2017
    • Reliance Life Life Insurance
      "EXCELLENT SERVICE"
      0.5 5.0/5 "Blown Away!"
      Service from RELIANCE was very good ,if I contact their representatives they will be very responsible . offers and schemes which they provide was also very good ,I can say overall service was very good from RELIANCE ,I am very happy with the service.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Sep 19, 2017
    • Reliance Life Life Insurance
      "Good Policy"
      0.5 3.0/5 "Satisfactory"
      I am holding Reliance life insurance policy for past 3 to 4 years. This policy has the tenure of 25 years. I pay the premium of Rs.25,000 yearly once. I pay the premium through online as well with the cheque. The plan benefits and the policy coverage is very good with this policy.
      Was this review helpful? 0
      , pune
      Reviewed on Sep 06, 2017
    • Reliance Life Life Insurance
      "Good policy"
      0.5 5.0/5 "Blown Away!"
      I got a Life insurance policy with Reliance Life, which has accidental coverage, then life insurance. I pay the premium of around Rs.5000. The plan benefits and the policy coverage's are very good with this policy. I do the payment by cash , I go visit the reliance office to do the payment.
      Was this review helpful? 0
      , guwahati
      Reviewed on Aug 21, 2017
    • Reliance Life Life Insurance
      "Satisfied with the services"
      0.5 5.0/5 "Blown Away!"
      I have taken a kind of endowment policy from Reliance life insurance. The tenure is for 12 years and I am given a choice to take the maturity after the 12th year or to take it after the age of 60. The premium is not high and the services are excellent. The online payments are good.
      Was this review helpful? 0
      , patna
      Reviewed on Aug 14, 2017
    • Reliance Life Life Insurance
      "Nice benefits"
      0.5 5.0/5 "Blown Away!"
      I have taken a number of insurance policies for my family and I from Reliance life insurance. The customer services are good. It is a normal traditional policy. The tenure for my policy is for 15 years and the premium of 30K is paid on a yearly basis.
      Was this review helpful? 1
      , erode
      Reviewed on Jun 01, 2017
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