Reliance Nippon Term Life Insurance FAQs

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

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

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.

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

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

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.

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.

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

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

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

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.

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.

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

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

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

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.

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.

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

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.

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